The head of New York City's public hospital system said he asked his management team to devise a strategy to exit all of its leases and convert empty hospital areas to office space.
While medical bills are a leading source of personal bankruptcy in the U.S., a far more common problem is the widespread damage they do to people's credit.
Hospitals with significant market power can dictate how much they will get paid—about 12.5% higher prices for monopoly hospitals than those in a market with four or more competitors—and the form of their contracts with insurers.
The foundation was created using the proceeds from the sale of the church's not-for-profit health plan, Fidelis Care, to publicly traded Centene Corp. for $3.75 billion.
Physician groups, hospitals and health systems of all sizes must prioritize what cost-cutting strategies will deliver the most value, both in the short and long term.
More than 420 independent oncology clinics have closed and nearly 660 have been acquired by hospitals in the last decade. Community oncologists blame Medicare Part B payment cuts and 340B program growth.
Share prices of publicly traded hospital companies have been volatile along with the rest of the stock market.
Recent big swings in stock prices have some—but not all—health system finance executives rejiggering their investments ahead of a possible down market in stocks and bonds.
The clinical affiliation between Maine's second-largest health system and Partners HealthCare-owned Mass General will improve EMHS' telemedicine services, cancer care, population health initiatives, research capacity and care coordination, executives said.
Fifer, who took over the HFMA in 2012 after 11 years as vice president of hospital finance at Spectrum Health in Grand Rapids, Mich., says industry leaders are starting to do a better job of listening to consumers.
Chinese acquisitions in the U.S. senior-living industry dropped off after the first quarter of 2017 and haven't bounced back, according to an analysis by the firm Real Capital Analytics.
A new Altarum report finds an increased rate of hospital price growth in March drove overall healthcare price acceleration to its highest rate since January 2012.