In an unsealed False Claims Act case in California federal court, a former Regional Medical Center nurse alleges that administrators billed ICU, medical-surgical and telemetry services on an inpatient basis when the patient was still located in the emergency department.
A new Kaufman Hall survey finds hospital and health system CFOs are losing confidence that their organizations can manage the financial effects of evolving business conditions.
HCA Healthcare finished 2018 strong, boosting its fourth-quarter net income more than 120% to $1 billion. The company expects to see another boost this year with its pending acquisition of Mission Health.
HCA and Tenet Healthcare Corp. both recently upped their debt offerings to $1.5 billion. HCA says it will use the proceeds for general purposes, while Tenet is refinancing existing debt.
Community Health Systems generated $400 million in gross proceeds on hospital divestitures in 2018, less than half of its $1.3 billion target, leaders from the hospital chain said Wednesday
Quorum Health will have to pay its former parent company $1.5 million in disputed payments, while CHS owes Quorum $2.1 million.
Cigna Corp. and Tenet Healthcare Corp. have reached a multiyear contract keeping the health system in-network after nearly a year of negotiations and public disagreement.
Health insurance and hospital stocks haven't rebounded following the Affordable Care Act ruling. Analysts think they're getting swept up in the broader market downturn, but may also be seen as riskier bets.
Health system and health insurer share prices fell at varying levels by Monday's stock market close following a federal judge's ruling to strike down the Affordable Care Act.
Tenet Healthcare Corp. sold its small Medicare Advantage plan serving California seniors—marking the Dallas-based hospital system's exit from the health insurance business, first announced in 2016.
Eric Evans, Tenet Healthcare Corp.'s president of hospital operations, is leaving the hospital chain at the end of the year. His position will be eliminated.
Community Health Systems has signed a definitive agreement to sell four South Carolina hospitals.