Healthcare operating cash flows may be gradually improving but will take years to recover and may never reach pre-pandemic margins, Moody’s warned in an Aug. 9 report.
Category: Static
'Dark clouds' may derail hospital financial recovery
Nonprofit hospitals have been hit hard over the last 18 months with rising costs, workforce shortages, inflation and more leading to tighter margins and tough decisions.
AHA slams 'unacceptable' $1B Medicare DSH cuts
The American Hospital Association has labeled CMS’ $957 million cut to Medicare disproportionate share hospitals for 2024 as “simply unacceptable” and criticized the agency for a lack of transparency in how it calculates the uninsured rate and its effe…
Federally qualified health center settles improper billing allegations
Bridgeport, Conn.-based federally qualified health center Optimus Health agreed to pay more than $470,000 to settle false claim improper billing allegations.
Heart problems due to air pollutants rose 31%: AHA
Deaths and years of disability from exposure to air pollution increased 31 percent worldwide since 1990, according to a study published Aug. 9 in the Journal of the American Heart Association.
Medical City hospital names CFO
Teddy Jones has been named CFO of Medical City North Hills, effective Aug. 14.
Tenet CEO Saum Sutaria elected board chair
Tenet Healthcare CEO Saum Sutaria, MD, has been elected to serve as chair of the board of directors of the Dallas-based system, effective immediately.
Hawaii wildfires burn clinic and dialysis center
Wildfires on the Hawaiian island of Maui have killed six people, consumed homes and destroyed multiple commercial buildings — including one hospital-run clinic and one dialysis center, Hilton Raethel, president and CEO of the Healthcare Association of …
FDA approves cardiac ablation catheter for additional use
Biosense Webster, a Johnson & Johnson-owned company focused on cardiac arrhythmia treatment, announced that several of its catheter products have received FDA approval for a zero fluoroscopy workflow, according to an Aug. 4 news release.
Dignity Health St. Bernardine Medical Center names CMO
Dignity Health’s St. Bernardine Medical Center in San Bernardino, Calif., has named Charlie Abraham, MD, as its new chief medical officer, City News Group reported Aug. 9.
