Stay in the know with Becker's Hospital Review's weekly roundup of the nation's biggest healthcare news. Here's what you need to know this week.
1. Michigan hospital set to lose Medicare status over patient suicide
CMS warned St. John River District Hospital in East China Township, Mich., that it will lose its Medicare funding May 7 unless corrections are made at the hospital, according to The Times Herald. In an April 14 letter to the hospital, CMS said it found serious deficiencies at the facility that "constitute an immediate threat to patient health and safety." Specifically, CMS said the hospital failed to properly monitor a suicidal patient and follow procedures for suicide prevention. The patient committed suicide at the hospital Jan. 8.
2. Moody's preliminary numbers show nonprofit healthcare profitability margins at multi-year high
The nonprofit hospital annual median revenue growth rate increased to 7.4 percent in fiscal year 2015, surpassing the median expense growth rate for the second consecutive year, according to preliminary FY 2015 nonprofit and public hospital medians from Moody's Investors Service.
3. New Jersey hospitals to receive $33M in extra Medicare funding
Twenty New Jersey hospitals are expected to receive an extra $33 million from federal officials to help cover the costs of treating Medicare patients, Democratic Senators Robert Menendez and Cory Booker announced Wednesday.
4. Baystate Health asks for $10M to save 200 jobs
Springfield, Mass.-based Baystate Health is experiencing financial strain and may have to lay off up to 200 employees if it does not obtain an additional $10 million through the annual state budget process, according to The Republican.
5. HCA Holdings CEO and CFO see big pay raises in 2015
Nashville, Tenn.-based HCA Holdings CEO and CFO saw their base salaries and total compensation increase in 2015.
6. UnitedHealth to leave Iowa ACA marketplace
The approximately 9,000 Iowans who purchased UnitedHealth policies on the Affordable Care Act exchanges are out of luck for next year, as the Minnetonka, Minn.-based insurer will not sell policies in the state for 2017, according to The Des Moines Register.
7. Nearly 2,800 nurses at Stanford Health Care authorize strike
Thousands of nurses at Lucile Packard Children's Hospital Stanford (Calif.) and Stanford (Calif.) Health Care voted to authorize their union's leadership to call a strike after failing to reach a deal in three days of mediation with hospital administrators over wages and benefits, according to a report from The Mercury News.
8. Patient dies after jumping from window at Florida hospital
Police are investigating the death of a Winter Haven (Fla.) Hospital patient who died Saturday after jumping from a window on the hospital's third floor, according to The Ledger.
9. CMS releases Theranos letter, inspection report with more information
CMS decided Monday to release a previously unpublished 45-page letter to Palo Alto, Calif.-based Theranos and a more lightly redacted version of its inspection report, according to The Wall Street Journal.
10. Sutter Health to close Berkeley hospital
Sacramento, Calif.-based Sutter Health will close Alta Bates Summit Medical Center's campus in south Berkeley, Calif., sometime between 2018 and 2030, according to the East Bay Times.