News

Forest Park Medical Center has another bankruptcy filing

The demand for luxury hospital care in Texas may not be as strong as some thought. Forest Park Medical Center, which operates three luxury facilities in the Dallas area, filed for Chapter 11 bankruptcy late last week, claiming about $13.6 million in liabilities, the Dallas Business Journal reported. 

Questions intensify over link between Tenet's political contributions and state changes to hospital standards

Cardiologists are in an uproar over allegations that Florida's governor loosened rules on pediatric cardiac surgeries after he received a large contribution from Tenet Healthcare Corp.

VA owes private sector Florida providers $134M

The Department of Veterans Affairs created the Veterans Choice program to send some patients to private sector providers to receive care and relieve the backlog in the VA healthcare system. But those providers haven't been paid. 

Hospital groups slam proposed 340B payment cuts

The American Hospital Association has called on the Medicare Payment Advisory Commission to retract its recommendation to reduce readmission rates for hospitals that participate in the 340B Drug Pricing Program by 10 percent.

Nurses union urges state attorneys general to review St. Joseph's-Providence merger

Adding to the increased scrutiny of hospital mergers, the nation's largest nurses union has asked two state attorneys general to take a closer look at a merger that would create one of the biggest Catholic health systems in the country, according to the Portland Business Journal.

More than 50 hospitals sue CMS over two-midnight rule cuts

Fifty-fve hospitals have filed a lawsuit against the Department of Health and Human Services in response to Medicare payment reductions under the "two-midnight" rule.

Tax exemptions for non-profit hospitals: The end may be near

Is the tax-exemption for non-profit hospitals--a codified tradition that has been on the books for generations--on its heels? It may still be too soon to tell, but what is going on in two different...

Connecticut hospitals threaten legal action over bed tax

Connecticut's hospitals are gearing up for a legal fight over a bed tax used to draw down additional federal funds for the Medicaid program.

A potential roadmap to remake community benefits

A new Health Affairs blog post provides a potential blueprint for non-profit hospitals looking to comply with federal regulations regarding community benefits and their tax exemptions.

Illinois hospitals could lose tax exemption

It's unclear whether non-profit hospitals in Illinois are exempt from paying taxes. A state appeals court has ruled that 2012 legislation that exempts non-profit hospitals from paying taxes is unconstitutional. The issue will likely go to the Illinois Supreme Court, the Associated Press reported. 

A less opaque, publicly-run medical malpractice system could save millions

Shifting the business of medical error oversight from the current medical private malpractice insurance system to a public system where patients are compensated for injuries could improve patient safety and save hospitals millions of dollars, according to the investigative journalism organization ProPublica.

Bigger hospitals don't necessarily mean bigger paychecks for rank and file

The financial status of a hospital bears little relation to how much it is willing to pay its lower-echelon employees, according to a report by The Boston Globe, which surveyed hospitals in the greater Boston area. 

 

Enhanced recovery protocols could reduce colorectal surgery costs substantially

Hospitals could save hundreds of thousands of dollars a year by streamlining just one of its service lines: Colorectal surgery. A study that will be published soon in the Journal of the American College of Surgeons has concluded that the key to saving money is the use of enhanced recovery after surgery ERAS programs.

Failure of New York co-op could cost hospitals $200M

The failure of the New York insurance co-op Health Republic Insurance has left hospitals and other providers with about $200 million in unpaid bills, the Associated Press has reported.

Fitch less sanguine about for-profit hospitals

For-profit hospitals had a respectable third quarter of 2015, but a new report by Fitch Ratings suggests that more difficult times may be ahead for the sector.

CMS issues final rule on DME prior authorization

The Centers for Medicare & Medicaid Services has issued a final rule specific to the ordering of durable medical equipment such as hospital beds, prosthetics, orthotics and other supplies.

Socioeconomic factors may be overemphasized in hospital readmission penalties

The socieconomic status of patients may factor less into their risk of being readmitted to a hospital within 30 days of discharge than the quality of care they receive after their release.

Texas joint venture increases ACO's reach, patient access

A partnership deal among five northTexas hospitals aims to increase patient care access and improve coordinated care in the region.

 

Childbirth is safer in the hospital setting

It's a relatively rare event these days when a baby dies during childbirth. But it's far more common when the birth occurs outside of a hospital setting, according to a new study 

My hopes and expectations for healthcare finance in 2016

We all have our expectations of how the new year will shape up, and we usually have our illusions smashed pretty quickly. Here are my hopes--and actual expectations--for the healthcare sector in...