Today's Top 20 Health Finance Articles
-
Boston hospitals lead effort to recoup debt from Kuwaiti government
After banding together and seeking help from Congress and the State Department, 45 hospitals were able to collect the $677 million that Kuwait owed to them for medical care, The Boston Globe reported March 8.
-
Helping patients with another way to pay: Overcoming uncertainty surrounding patient payments
With $1 in $5 (19.7%) of Gross Domestic Product projected to be spent on healthcare in 2028,1 financial uncertainty and risk could rise, for both patients and healthcare providers. -
10 hospitals seeking RCM talent
Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.
-
Hundreds of organizations reject CMS' direct contracting model rebrand
More than 250 organizations sent a March 8 letter to HHS Secretary Xavier Becerra condemning its rebranding of the Global and Professional Direct Contracting model.
-
Northwell, Clinithink enter 10-year RCM deal
New Hyde Park, N.Y.-based Northwell Health has entered a 10-year agreement to use Clinithink's CLiX revenue solution.
-
COVID-19 funding is tapped out, HHS says
None of the COVID-19 funding Congress previously provided to HHS remains unallocated, including funding for vaccines, testing and therapeutics, according to information sent to Congress and obtained by The Washington Post.
-
13 states with the most rural hospitals at risk of closure
Across the U.S., 892 rural hospitals are either at immediate or high risk of closure. In 13 states, more than 50 percent of the rural hospitals are at risk of shutting down, according to a report from the Center for Healthcare Quality and Payment Reform.
-
No Surprises Act could help limit medical debt reported to credit agencies, consumer watchdog says
The No Surprises Act gives a federal consumer watchdog agency a viable way to limit the amount of medical debt included in consumer credit reports, according to Bloomberg Law.
-
Mayo Clinic among organizations scrutinized for Russian donations
Mayo Clinic is among the organizations named in a new report examining the relationship between U.S. institutions and charitable contributions from Russian oligarchs, The Washington Post reported March 7.
-
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.
-
892 hospitals at risk of closure, state by state
More than 500 rural hospitals in the U.S. are at immediate risk of closing because of financial losses and lack of financial reserves to sustain operations, according to a report from the Center for Healthcare Quality and Payment Reform.
-
7 health systems reported profits over $1B in 2021
While many hospitals face financial hardships and rising expenses from the COVID-19 pandemic, several large health systems ended 2021 with profits above $1 billion.
-
Biden administration requests $22.5B in supplemental COVID-19 aid
The White House requested from Congress $22.5 billion in supplemental COVID-19 relief funds and urged quick action.
-
AdventHealth's operating income nears $1B in 2021
AdventHealth, a 48-hospital system based in Altamonte Springs, Fla., recorded an operating income of $994.6 million in 2021, according to its recently released financial report. In 2020, the health system recorded an operating income of $694 million.
-
Viewpoint: Reducing Indiana's high healthcare costs shouldn't be up to hospital leaders
Indiana legislators' plan to give hospital leaders until April to come up with their own strategy for reducing high healthcare costs in the state will likely lead to them slashing already low employee salaries, pediatric emergency physician Mercy Hylton, MD, wrote in a March 3 IndyStar op-ed.
-
MUSC Health CFO's attention on inflation, supply chain issues, work fatigue
Lisa Goodlett, CFO of Charleston, S.C.-based MUSC Health, discussed inflation problems, budget planning and digital transformation on a recent episode of "Becker's Healthcare Podcast."
-
FEMA funding for COVID-19 extended through July 1
President Joe Biden extended the deadline to July 1 for 100 percent federal reimbursement from the Federal Emergency Management Agency's Public Assistance Program for COVID-19 costs, according to a March 1 White House memorandum.
-
Washington hospital on brink of bankruptcy needs new CEO, CFO
Coupeville, Wash.-based WhidbeyHealth is facing financial challenges and needs to secure a loan quickly to avoid Chapter 11 bankruptcy, according to Moody's Investors Service.
-
Consumer credit reports see $88B in US medical bills
There is upwards of $88 billion in medical debt among people in the U.S., a March 1 Consumer Financial Protection Bureau report found.
-
How CHS, Tenet, HCA and UHS fared in 2021
Three of the four major for-profit hospital operators reported higher net income in 2021 than a year earlier.