Today's Top 20 Health Finance Articles
  • California hospital won't lose Medicare funding despite lapses in patient care

    Despite two instances where patients receiving care at California's Long Beach Memorial Medical Center were at risk of serious injury, the center will continue to receive Medicare funding, the Press-Telegram reported July 18. 
  • New California agency aims to fight rising healthcare costs

    The state of California has created a new agency to limit future growth in healthcare costs, according to a July 15 report from CalMatters.
  • 10 providers seeking RCM talent

    Ten hospitals or health systems recently posted job listings seeking revenue cycle management expertise. 
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  • Cash-paid ED facility fees higher at for-profit, larger hospitals, study finds

    Self-pay patients pay higher cash prices for emergency department facility fees at for-profit and larger hospitals, according to a study by University of Maryland Baltimore County researchers published in the July 2022 issue of Health Affairs. 
  • 21 recent CMS actions

    CMS recently pitched the physician payment rule for 2023, updated nursing home staffing and participation guidelines and implemented its price transparency rule for payers July 1. Becker's has reported on the following 21 CMS moves in the last month. 
  • Sutter Health taps R1 RCM for 10-year partnership

    Sacramento, Calif.-based Sutter Health has chosen R1 RCM to handle its end-to-end revenue cycle services. 
  • Insurer says it is not required to pay Georgia hospital full $38M bill

    American Interstate Insurance Co. argued it is not on the hook for the full $38 million Georgia hospital bill for two burn victims of a workplace explosion, Law360 reported July 11. 
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  • HCA shares hit 1-year low

    Shares of Nashville, Tenn.-based HCA Healthcare fell to a 52-week low of $164.47 in trading on July 14, according to a report from Seeking Alpha. Shares are down 24 percent over the last year and 34 percent year to date.
  • State-by-state breakdown of 76 hospital closures

    About 60 million people — nearly 1 in 5 Americans — live in rural areas and depend on their local hospitals for care. Nearly 80 of those hospitals have ended all services since 2011, according to the Cecil G. Sheps Center for Health Services Research.
  • 2 abandoned hospital deals in June highlight rising antitrust scrutiny

    June proved to be a tricky month for hospital transactions, with heavy Federal Trade Commission involvement with two abandoned deals, JD Supra reported July 12. 
  • HFMA president and CEO to retire

    Healthcare Financial Management Association President and CEO Joseph Fifer announced his plans to retire to staff and association members on July 13.
  • American Medical Association blasts proposed physician payment rule

    The American Medical Association said CMS' proposed physician payment rule for 2023 will create long-term financial instability in the Medicare physician payment system and threaten patient access to Medicare-participating physicians.
  • Hospital administrators skeptical about Rural Emergency Hospital program

    For the first time in 25 years, the government is planning a bill regarding rural hospitals, offering funding if they eliminate unused inpatient beds to focus on emergency department and outpatient services, but many hospitals are waiting for further details on funding before deciding if they will participate, Kaiser Health News reported via the Texas Tribune July 13. 
  • 22% of revenue cycle leaders are outsourcing outpatient services, survey says

    Twenty-two percent of revenue cycle leaders who manage their inpatient RCM outsource some of their outpatient or ancillary RCM services, according to a study conducted by the Healthcare Financial Management Association.
  • Penn Highlands hospital to lay off 27 workers

    Penn Highlands Connellsville (Pa.) Hospital will lay off 27 employees and eliminate 20 additional jobs through retirement and attrition, The Daily Courier reported July 14. The announcement comes in the wake of a five-year, $16.5 million loss for the hospital.
  • Renown Health Foundation gets $15.5M gift for cancer institute

    The William N. Pennington Foundation announced July 13 a $15.5 million gift to Reno, Nev.-based Renown Health Foundation, according to a press release. 
  • Colorado hospital receives $1.5M from its county to train and keep nurses

    Following a nursing shortage caused by the pandemic, Adams County, Colo., decided to invest $1.5 million from federal COVID-19 funds in its hospitals to train and keep nursing staff, KAKE, an ABC affiliate, reported July 13. 
  • 27 providers honored for high performance in revenue cycle

    The Healthcare Financial Management Association recently announced the winners of its 2022 Map Award for high performance in revenue cycle. 
  • It costs nearly $19K to have a baby in the US: 2 report notes from Kaiser Family Foundation

    The average healthcare cost for having a baby in the U.S. — which includes costs associated with pregnancy, childbirth and postpartum care — is $18,865, according to an analysis from Kaiser Family Foundation published July 13. 
  • Kansas hospital gets $1.5M injection amid financial crisis

    Geary Community Hospital in Junction City, Kan., was gifted $1.5 million from the Geary Community Healthcare Foundation, according to a July 12 report from WIBW. 

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