Category: Healthcare Finance News

Proposed inpatient payment rates ‘woefully inadequate’ AHA says

Acute care hospitals are getting a 2.6% payment increase in a proposed rule released by the Centers for Medicare and Medicaid Services last week. 
The proposal reflects a projected 2025 hospital market basket percentage increase of 3%, reduced by a 0.4…

Physician pay rises 3%, though discontent persists

Total physician compensation saw a modest 3% growth in 2023, increasing from an average of $352,000 to $363,000, yet despite the increase, dissatisfaction over pay persists, according to the latest findings of the 2024 Medscape Physician Compensation R…

McLeod Health to build $45 million replacement hospital

McLeod Health, based in Florence, South Carolina, is eyeing plans to construct a $45 million replacement facility for its Cheraw-based hospital, the health system said this week.
The facility will be constructed on the current McLeod Health Cheraw prop…

Financial fallout continues from Change cyberattack

Over three-quarters of physician practices have experienced severe disruptions since the February 21 Change Healthcare cyberattack, according to an American Medical Association survey of state medical associations and national medical specialty societies.

Community health centers grappling with high Medicaid disenrollment

Nearly 95% of community health centers (CHCs) have reported that patients have been disenrolled from Medicaid, and among those reporting disenrollment, an estimated 23% (nearly one in four patients) have been disenrolled, according to a new survey from…

Pennsylvania legislators push for UPMC-Washington Health merger approval

Members of the Washington County legislative delegation in Pennsylvania have called on the state’s governor, Josh Shapiro, to work with the Pennsylvania attorney general to finalize the merger of Washington Health System and University of Pittsburgh Me…

Banner Health’s President Amy Perry named CEO

Phoenix-based Banner Health has named Amy Perry as the health system’s new CEO.
Currently Banner’s president, Perry will become both CEO and president after the retirement of Peter S. Fine, who was appointed CEO and president in 2000.

Cedars-Sinai expanding virtual care app to children, Spanish speakers

Cedars-Sinai is expanding virtual healthcare for children and Spanish speakers in California through its mobile app, Cedars-Sinai Connect, which allows patients to access healthcare professionals for acute, chronic and preventive care.

Intermountain Health spinoff Culmination Bio announces partnership 

Intermountain Health spinoff Culmination Bio has announced a partnership with BillionToOne on oncology diagnostics.

Uber Health teams with insurers on maternal health in Georgia

Uber Health, a healthcare-focused subsidiary of the ride sharing platform, is collaborating with the Georgia Primary Care Association and Amerigroup Georgia, a managed care plan and subsidiary of Elevance Health, in an effort to strengthen maternal hea…