News

Hospitals get victory on orphan drug buys through 340B program

Hospitals will continue to use the 340B program to purchase so-called "orphan drugs" at a deep discount even if they are not being used for their specific purpose, AHA News Now reports.

Fitch: Hospitals in Medicaid expansion-resistant states feel pinch

Hospitals in the two dozen states that did not expand Medicaid eligibility under the Affordable Care Act are beginning to feel the financial fallout of that decision, according to a new report from Fitch Ratings.

Are NYC hospitals getting more than their share of Medicaid funds?

Downstate New York hospitals will receive the majority of $8 billion in extra Medicaid funding approved to help the state reduce preventable admissions, a trade group leader told Albany Business Review.

Healthcare spending paradox: National spending down, consumer costs on the rise

Despite a nationwide slowdown on healthcare spendinga new study by healthcare economics consulting firm Dobson DaVanzo shows that consumers now spend more on healthcare through higher out-of-pocket expenses and premium costs.

Better hospital breakrooms can improve efficiency

Want to increase staff efficiency--and potentially cut costs? A newer, better breakroom may be just the thing.

NH hospitals join forces to cut costs

Four rural hospitals in New Hampshire have joined forces to try and reduce costs while increasing efficiency, New Hampshire Public Radio reports.

How a critical access hospital aims to compete with big-city providers

A hospital in rural Iowa is partnering with a Des Moines surgeon to compete with its urban counterparts, according to the Des Moines Register.

Potential pitfalls during a hospital or health system merger

Mergers and acquisitions are an inevitable part of hospital operations and healthcare delivery for the foreseeable future, but executives need to keep a cautious eye on potential pitfalls that can occur while pulling a merger offer, according to J.D. Supra Business Advisor.

To buy or lease equipment? Depends on the hospital

To buy or lease? That's often a fork in the road for consumers when it comes to purchasing a home or automobile, but the same applies to hospital management as well.

Louisiana: Hospital privatization effort saves money

The public hospitals previously operated by the Louisiana State University healthcare system spent significantly less than budgeted for indigent care in the just completed fiscal year, but lawmakers wonder whether uninsured patients are merely seeking treatment at other hospitals, the Associated Press reported.

NJ health commissioner wants hospitals to make financial disclosures

New Jersey's state health commissioner put forth a proposal that would require all hospitals in the state to publicly disclose their financial data, the Newark Star-Ledger reported.

Use of prefabrication shaved a year and millions off hospital's construction cost

The use of prefabricated materials on a Denver hospital shaved months and millions off the construction cost, the Denver Post reported.

Golden handshakes: Retiring on top and remaining on the payroll

Retired hospital CEOs often stay with the institution in a well-paid emeritus position, the New York Times reports. But such a practice has come under criticism.

Aetna chairman: To reduce healthcare costs, cut wasteful spending

To reduce healthcare costs, the U.S. healthcare system must reduce spending, which is at a 10-year high, Aetna Chairman Mark T. Bertolini writes in an opinion piece for USA Today.

Hospitals save $1.3B through quality initiative

More than 1,500 hospitals improved care for more than 143,000 patients since January 2012 through a joint initiative between two major healthcare advocacy organizations, in addition to saving more than $1.3 billion.

ER physicians wind up making many observation care decisions

Emergency room physicians serve as the front-line arbiters of many federal mandates regarding how  to delivercare in the hospital setting, perhaps most importantly the two-midnight rule regarding observation care.

CBO ratchets down long-term healthcare spending forecast

Cost controls implemented under the Affordable Care Act (ACA) will lead to slower overall federal healthcare spending over the next 25 years.

Center for Health Transparency launches in Maine

Price and cost transparency in healthcare has been a piecemeal movement at best, with individual providers often deciding on their own whether to provide prices and other relevant data to consumers. But the new Portland, Maine-based Center for Healthcare Transparency aims to change that, with an ambitious goal to provide relevant pricing information to about half of the U.S. population by the end of the decade.

Operating, net income up for California hospitals

California's hospitals, like most others in the U.S., were hit hard by the Great Recession, but data from the state agency that monitors acute care facilities suggest most have recovered nicely.