Today's Top 20 Health Finance Articles
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Fairview Health Services reports operating loss of $132M in 2021
Minneapolis-based Fairview Health Services reported an operating loss in 2021 of $132.6 million, less than the $208.8 million loss it reported in 2020, according to its recently released financial report.
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5 takeaways from new federal medical debt collection report
Medical debt complaints accounted for 15 percent of all debt complaints received by the Consumer Financial Protection Bureau in 2021.
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CMS proposes 1,495 changes to ICD-10 diagnosis codes
CMS proposed 1,495 changes to the ICD-10-CM diagnostic code set in its proposed Inpatient Prospective Payment System rule released April 18.
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'Still feeling the crush': Congress urged to reverse Medicare cuts, give more pandemic aid to hospitals
A national television ad launched April 20 urges Congress to reverse Medicare cuts and provide additional COVID-19 relief to hospitals across the U.S.
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Bankrupt health sharing ministry leaves families with $50M in unpaid bills
About 10,000 families have been left with $50 million in unpaid medical bills after the shuttering of their health sharing ministry, Christianity Today reported April 19.
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7 medical bills making headlines
Seven medical bills have made headlines in the last few months, including a more than $3,000 bill for a 1.8-mile ambulance ride and an $847 "facility fee" for a telehealth visit.
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Tenet's operating income climbs to $648M in Q1
Although Dallas-based Tenet Healthcare saw its overall revenue slightly dip in the first quarter of 2022, its operating income grew nearly 25 percent, according to its financial report released April 20.
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Hospital operating margins sink, expenses rise as relief aid runs out
Healthcare organizations are battling increasing expenses and limited COVID-19 relief aid after the omicron variant surge, creating a challenge for hospital margins.
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$3K medical bill for 1.8 mile ambulance ride goes viral
A $3,419.60 bill for a 1.8-mile ambulance ride went viral after a woman posted a photo of the bill on Reddit April 19.
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States are coming after rising hospital prices
Several states, including California and Indiana, recently began targeting what they consider to be high hospital prices.
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What risk of recession spells for hospitals
A number of economic forecasters see a growing risk of recession for the United States as inflation spreads. What could this mean for hospitals?
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Hospitalists more likely to bill at highest severity level, study finds
A recent study published in the Journal of the American Medical Association Health Forum found that hospitalists were more likely than nonhospitalists to bill at the highest level of clinical severity possible for their encounters with Medicare patients.
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South Carolina hospital offering 50% off outstanding medical bills
A South Carolina hospital is offering a 50 percent discount to patients with open balances on healthcare bills.
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Fat Joe presses hospitals to post prices in a new ad
Fat Joe, a rapper known for songs such as "Lean Back" and "What's Luv?" presses hospitals to post prices in an ad that launched April 19 across the U.S.
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16 hospitals with strong finances
Here are 16 hospitals and health health systems with strong operational metrics and solid financial positions, according to reports from Fitch Ratings, Moody's Investors Service and S&P Global Ratings.
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Northwell Health expects to hire medical debt ombudsman when public health emergency ends
Northwell Health said in June that it was creating a medical debt ombudsman, and the New Hyde Park, N.Y.-based system told Becker's Hospital Review on April 18 it is recruiting for the position.
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$1.6B CMS pay bump next year isn't enough, hospitals say
The CMS proposed payment increase of 3.2 percent, or $1.6 billion, for fiscal year 2023, is inadequate due to inflation and labor and supply costs, Stacey Hughes, executive vice president of the American Hospital Association, said April 18.
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CMS pitches inpatient payment rule for 2023: 10 things to know
CMS released its annual Inpatient Prospective Payment System proposed rule April 18, which proposes a reimbursement boost for acute care hospitals.
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10 hospitals seeking RCM talent
Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.
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Washington delays payroll tax for residents' long-term care benefit
Washington's first-in-the-nation law creating long-term care benefits for residents who pay into a state fund won't start payroll deductions until 2023 after a retooling this year, according to Kaiser Health News.