CMS will increase hospital outpatient payment rates by 3.8 percent in 2023, but the American Hospital Association said the adjustment is “insufficient given the extraordinary cost pressures” from labor, supplies, equipment, drugs and other expenses.
Category: ROOT
CMS sets court-ordered 340B drug payments, but leaves back payment issues unresolved
The American Hospital Association and 340B Health applauded CMS’ final ruling for its 2023 Medicare outpatient prospective payment system (OPPS) that will restore payments for drugs to 340B hospitals to the same amounts all other hospitals receive, but…
MercyOne mostly back online following CommonSpirit ransomware attack
Des Moines, Iowa-based MercyOne reported being largely back online Nov. 1 after a ransomware attack against its parent company, Chicago-based CommonSpirit Health, disabled its EHR and IT systems in early October.
Research group drops Tenet target price
Research group Mizhuo became the latest equity analysts to reduce the stock price target for Tenet Healthcare, reducing its figure from $80 to $60 in a recent note, MarketBeat reported Nov. 2. The Dallas-based hospital group currently trades at around …
Winter COVID-19 surge will be less severe than last year, experts predict
In the coming months, the U.S. will likely see an increase in COVID-19 cases that is less severe than last winter’s omicron surge, experts told Scientific American in a Nov. 1 report.
For hospitals, ‘difficult decisions’ loom after 9 months of negative margins
The third quarter brought little relief to hospitals in what is shaping up to be one of their worst financial years.
Dosher Memorial reports operating income uptick
Southport, N.C.-based Dosher Memorial Hospital reported net operating revenue of more than $8 million for fiscal year 2022, a turnaround for a group that was losing money only a few years ago, the State Port Pilot reported Nov. 2.
A patient checks in every 2 minutes: RSV surge hits Cook Children’s ED
The emergency department at Cook Children’s Medical Center in Fort Worth, Texas, treated 564 patients in a 24-hour period amid a nationwide surge of respiratory syncytial virus.
Atrium Health Navicent names CFO
Macon, Ga.-based Atrium Health Navicent selected Kim Shrewsbury as the new CFO.
S&P 500 companies casting wider nets to recruit C-suite talent
The board of Standard & Poor’s 500 Index companies appointed 395 new independent directors in 2022. Of that number, 74 percent came from outside the ranks of CEO, chair/vice chair, COO and president, according to the 37th annual study by executive sear…
