News

Lawmakers forgo large-scale Medicaid expansion in Florida

One of the most populous states in the Unites States is close to passing on expanding Medicaid under the Affordable Care Act, Health News Florida has reported.

Study: ED costs may be three times higher than estimates

Time is money, goes the saying, and a new study by Brown University researchers strongly suggests that by factoring it in, the actual cost of hospital emergency department services may be as much as triple traditional estimates.

Healthcare execs say M&A will continue to grow

A new survey by global consulting giant KPMG concludes that healthcare executives are bullish about momentum building around mergers and acquisitions.

Hospitals revamp lobbying to overcome GOP opposition

The North Carolina Hospital Association has launched a special social media-oriented PR campaign after suffering some unexpected defeats in the state legislature, the Raleigh News & Observer reported.

Hospitals in Maryland likely to absorb all of sequester cut

Maryland's hospitals should absorb the 2 percent Medicare rate cut triggered by the sequester, reported The Baltimore Sun--a decision that could lead to the loss of jobs.

OIG: State Medicaid Fraud Unit recovers $181M

Tennessee's Medicaid fraud control unit clawed back $181 million in illegal provider payments and obtained more than 100 criminal convictions and civil settlements between the 2009 and 2011 fiscal years.

Healthcare M&A spending tumbles

Hospital merger and acquisition spending in the first quarter of fiscal 2013 fell more than half a billion dollars compared with the first quarter of 2012 to $319.7 million, a drop of nearly two-thirds,according to a report by Irving Levin Associates.

Guest Commentary: Changes in healthcare delivery driving payers and providers closer together

Guest post by Patrick Pilch The healthcare industry has seen tremendous changes over the course of a lifetime, and recent years are no exception. From the introduction of group health insurance as an...

Economy largely to blame for slowed healthcare spending

A new study by the Kaiser Family Foundation attributed much of the recent slowdown in healthcare spending to the Great Recession, and projects it to increase as the economy continues to gain steam.

State hospital associations continue to press for Medicaid expansion

State hospital associations are pushing hard to ensure Medicaid is expanded under the Affordable Care Act in as many parts of the country as possible, reported Stateline Health News.

Millions in claims to D.C. providers going unpaid

Chartered Health Plan is facing liquidation, and dozens of providers in the District of Columbia could be holding the bag for as much as $85 million, The Washington Post reported.

Hospital CEO pay grows at twice the average for other workers

Chief executive officers at Oregon's leading hospitals saw a significant pay increase in 2011, with seven earning at least seven-figure compensation, according to the Lund Report.

S&P: Pension costs a fiscal drag on hospitals, systems

Ongoing, huge pension obligations and expenses are likely to burden nonprofit hospitals for years to come, Reuters reported.

Lagging patient volumes hurt hospital earnings

Hospital chains are reporting meager first-quarter earnings due in part to low patient volume and a weak U.S. economy operating at less than full employment.

Hospital operators set acquisition sights on New Jersey

New Jersey has become an attractive market for for-profit hospital operators, with two firms actively bidding on facilities, the Newark Star-Ledger reported.

The financial impact of ICD-10: How do you prepare for the unknown?

In part 2 of this exclusive interview with Brent Grimes, administrative director of patient account services at Integris Health, he discusses how the integrated hospital system is preparing for ICD-10 implementation and how to manage through uncertainty.

Health IT VC funding in first quarter tops 2011 total

Health IT companies raised a record $493 million in venture capital during the first quarter of 2013, with 104 deals completed, according to a new report released this week by Mercom Capital Group.

5 better ways to spend tax dollars on healthcare delivery

The grim events that occurred in Boston on Monday comprised the only thing that could distract many people from the fact that it was April 15, tax day. It's a day of reckoning for most...

Healthcare spending falls to historic lows

Healthcare spending nationwide increased 3.9 percent in February 2013 compared to February 2012. Despite the spending levels reaching a historic low, healthcare jobs continued to grow at a steady clip.

CMS: Expanded competitive bidding to save $25.7B by 2020

Expanded competitive bidding for durable medical equipment, prosthetics and other supplies will lower prices by about 45 percent, while prices for mail-order diabetic testing supplies will drop by as much as 72 percent, according to the Centers for Medicare & Medicaid Services.