Oregon hospitals and health systems are asking the state legislature to help them with additional funding that could easily top $1 billion as they struggle with spiraling costs, according to a Feb. 23 article in The Lund Report.
Economists agree that workers are missing from the labor force — but they can’t agree on exactly how many, or exactly where they’ve gone, Bloomberg reported Feb. 24
In a Feb. 23 letter to CMS, 14 senators called for a four-year extension of the Low Wage Index Hospital Policy, which helps rural hospitals compete for and retain high-quality staff by increasing payments to hospitals with lower overall wages.
Indianapolis-based Indiana University Health posted a $715 million net loss in 2022 — down from a net gain of $861.5 million the prior year — as labor costs and other expenses outpaced a slight uptick in operating revenue.
Several healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.
Major healthcare transactions have ramped up in recent weeks with companies like Optum, Amazon and CVS Health making or announcing multimillion-dollar acquisitions.
Major healthcare transactions have ramped up in recent weeks with companies like Optum, Amazon and CVS Health making or announcing multimillion-dollar acquisitions.