Small, standalone not-for-profit hospitals and even some larger systems have their backs against the wall due to mounting financial pressures, according to Standard & Poor's Rating Services.
As I was growing up in the 1970s, there was still a lot of the "can-do" attitude in America for which a large part of its populace is now nostalgic, if not wistful. There were moon shots, space shuttle tests, research to take all jets supersonic and many other touchstones of daring and optimism.
But as the country's mood and fortunes turned, that spirit has inverted. There is now a remarkable amount of reveling in obstruction as opposed to achievement. Members of Congress run for reelection on their record of blocking President Obama. States block Medicaid expansion. In California, there has been a movement to try and shut down the just-commenced bullet train project. Most other states turned down federal funding for such a project flat. Corporations seem to spend as much time trying to figure out how to avoid paying taxes than create new products and jobs.
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It was an odd sight at the annual meeting of the Southern Governors Association--three of its members advocating for expansion of Medicaid eligibility as part of the Affordable Care Act.
In light of the millions of low-income Americans who now qualify for free or heavily subsidized health insurance coverage as a result of the Affordable Care Act, some hospital operators reconsider their charity care policies for those who refuse to obtain coverage.
For-profit hospitals and hospital chains change the way healthcare is delivered in the U.S., and often drive up the cost of care, according to Connecticut's junior senator.
The expansion of Medicaid eligibility and funding under the Affordable Care Act will likely smooth over any financial bumps Cook County's large healthcare system may encounter over the next year, the Chicago Tribune reported.
California hospitals charge such a wide array of prices for simple blood tests that it appears there is no rational system in place for pricing such services, according to a study published in BMJ Open.
From Our Sister Sites
FierceHealthIT recently spoke with Mac McMillan, chair of the HIMSS Privacy & Security Policy Task Force and CEO of IT security consulting firm CynergisTek, about the current state of healthcare security. In part 1 of this two-part interview, McMillan discusses what he thinks hospital CIOs need to focus on.
Aetna is closing the doors of its CarePass mobile platform--a unique mobile approach in the insurance industry that garnered widespread support and collaboration from mobile companies, including FitBit-- by the end of the year. It has abandoned all plans for the project.