Today's Top 20 Health Finance Articles
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No hospitals received price transparency notices in April, CMS says
CMS issued no additional warning notices to hospitals noncompliant with its price transparency regulations in April, CMS told Becker's. About 345 notices have been sent to hospitals since the rule went into effect Jan. 1, 2021. -
'A long road ahead': Hospital operating margins negative for 3rd month
The median hospital operating margin remained negative for the third consecutive month in March, suggesting a long road ahead for hospitals, according to Kaufman Hall's "National Hospital Flash Report: April 2022" posted May 2. -
Optum to manage UnitedHealthcare drug prior authorizations
Optum will handle UnitedHealthcare Plans' prior authorization requests for non-oncology injectable medications starting Aug. 1. -
Ascension posts $884M quarterly loss
St. Louis-based Ascension reported higher expenses in the three months ended March 31 and ended the quarter with a loss, according to financial documents filed April 29. -
Sutter Health sees finances rebound in 2021 but notes 'strong' headwinds remain
Sacramento, Calif.-based Sutter Health recorded a stronger financial performance in 2021 after it called 2020 one of the "toughest financial years" in the organization's 100-year history. -
IU Health reports $358M net loss as labor expenses climb 25%
Indianapolis-based Indiana University Health reported a net loss of $358.54 million for the first quarter of 2022 as its labor expenses soared, according to its financial results released April 28. The system had a net income of $330.5 million for the same period last year. -
California hospitals sustained billions in losses in 2021, Kaufman Hall analysis finds
California hospitals continued to face financial losses during the second year of the COVID-19 pandemic, according to an April 19 report from Kaufman Hall. -
For-profit health systems report financial challenges as labor expenses soar
While the healthcare industry grapples with severe workforce shortages, several for-profit health systems reported losses or decreases in profits as labor costs ballooned in the first quarter of 2022. -
New Mexico hospital won't close despite recent news report, CEO says
Rehoboth McKinley Christian Hospital — part of Gallup, N.M.-based Rehoboth McKinley Christian Health Care Services — will not be closing, its CEO confirmed to Becker's April 28 after a local news report by KOB 4 said it could close in two weeks. -
Using self-service analytics to drive CDI improvement: 5 lessons from Ardent Health Services
To support continuous improvement of clinical, financial and operational outcomes, clinical documentation improvement (CDI) teams need data-driven insights that allow them to address low-hanging fruit, as well as to identify gaps where performance improvement is required. -
Memorial Sloan Kettering reports operating loss of $13.5M
New York City-based Memorial Sloan Kettering Cancer Center's operating loss narrowed to $13.5 million in the three months ended March 31, compared to a loss of $33 million in the same period last year, according to its financial results released April 25. -
Wyoming health system taps Ensemble for revenue cycle operations
Campbell County Health in Gillette, Wyo., will outsource its revenue cycle operations to Ensemble Health Partners. -
CHS posts $1M loss for Q1 of 2022, improves by $63M from last year
Franklin, Tenn.-based Community Health Systems' net loss reached $1 million for the three months ended March 31, an improvement from the $64 million loss it had in the same period of 2021, according to financial results released April 27. -
10 states with lowest expenses per inpatient day at for-profit hospitals
The averaged adjusted expenses per inpatient day at for-profit hospitals in the U.S. was $2,300 in 2020, according to the Kaiser Family Foundation's latest statistics on State Health Facts. In three states, the expenses were lower than the average by more than $1,000. -
10 states where expenses per inpatient day at for-profit hospitals are highest: KFF
The averaged adjusted expenses per inpatient day for for-profit hospitals in the U.S. was $2,300 in 2020, according to the Kaiser Family Foundation's latest statistics on State Health Facts. In three states, the expenses were higher than the average by more than $2,000. -
Texas hospital to shut down
Services offered at Cleveland (Texas) Emergency Hospital are being consolidated to Texas Emergency Hospital in Cleveland, according to Bluebonnet News. -
Texas hospital closer to regaining Medicare contract
Houston-based United Memorial Medical Center is a step closer to regaining its Medicare contract after CMS terminated it in January, according to the Houston Chronicle. -
10 states where expenses per inpatient day at nonprofit hospitals are lowest: KFF
The averaged adjusted expenses per inpatient day for nonprofit hospitals in the U.S. was $3,032 in 2020, according to the Kaiser Family Foundation's latest statistics on State Health Facts. In six states, the expenses were lower than the average by more than $1,000. -
10 states where expenses per inpatient day at nonprofit hospitals are highest: KFF
The averaged adjusted expenses per inpatient day for nonprofit hospitals in the U.S. was $3,032 in 2020, according to the Kaiser Family Foundation's latest statistics on State Health Facts. In California, the expenses were higher than the average by more than $1,400. -
CHS invests $40M to bolster employee benefits
Franklin, Tenn.-based Community Health Systems is investing $40 million into its employees for student debt, professional education and career advancement.