Today's Top 20 Health Finance Articles
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7 states considering legislation to prevent price gouging by staffing agencies
As staffing agencies come under fire for alleged price gouging amid the COVID-19 pandemic, lawmakers are considering action.
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HHS inspector general to target malnutrition codes in new audit
Hospitals should be ready to face an audit of their severe malnutrition diagnosis codes on inpatient claims.
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CMS creates billing codes for treatment found effective against omicron
CMS released its Medicare payment codes for administering an antibody treatment found effective against the COVID-19 omicron variant.
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10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.
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Health spending grew 3.4% in 2021, report finds: 7 things to know
National health spending rose by 3.4 percent in 2021 compared to 2020 because of less support from the federal government, a Feb. 18 report from consulting organization Altarum found.
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What investments are healthcare CFOs making in 2022? 6 survey findings
Healthcare CFOs are investing in patient experiences, expanding services and addressing worker burnout in 2022, according to the 2022 BDO Healthcare CFO Outlook Survey.
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The 55 hospitals penalized by Medicare 8 years straight over patient complications
More than 2,000 hospitals have been penalized at least once in the eight years since the Hospital-Acquired Condition Reduction Program began. Fifty-five hospitals have been penalized all eight years, according to Kaiser Health News.
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342 hospitals have received price transparency noncompliance notices from CMS
CMS has sent about 342 warning notices to hospitals that have been found noncompliant with price transparency regulations since the rule went into effect Jan. 1, 2021, CMS told Becker's on Feb. 18.
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Staffing crisis, payment cuts put 453 hospitals at risk of closure
More than 135 rural hospitals have closed since 2010 and another 453 are vulnerable to closure, according to a report from The Chartis Group.
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Health system financial results for Q4
The health systems listed below recently released financial results for the quarter ended Dec. 31.
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AMN Healthcare's net income jumps 363% in 2021
San Diego, Calif.-based AMN Healthcare, one of the largest healthcare staffing agencies in the country, saw a 363.3 percent jump in net income to $327.4 million in 2021, compared to $70.7 million in 2020, according to its financial results released Feb. 17.
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Nonprofit hospitals' community benefits don't line up with tax exemptions, study finds
Nonprofit and for-profit hospitals had similar unreimbursed Medicaid costs as a share of expenses in 2019, despite only nonprofit hospitals receiving a large tax subsidy, a study published Feb. 14 in JAMA Network Open found.
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R1 sees 16% revenue jump, inks new provider contracts
Revenue cycle management provider R1 RCM, which added several new clients this year, saw its revenue increase 16 percent year over year to $1.5 billion in 2021.
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CHS' annual net income drops 39%
Franklin, Tenn.-based Community Health Systems posted a net income of $368 million in 2021, a 39.3 percent decrease from the $607 million recorded in 2020, according to its financial results released Feb. 16
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Bellin Health CFO discusses system's recent growth and inflation issues
James Dietsche, CFO and executive vice president of Green Bay, Wis.-based Bellin Health, discussed the health system's growth and the trends it is following in 2022 on a recent episode of "Becker's Healthcare Podcast."
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Baylor Scott & White's operating income dips 13% as expenses climb
Dallas-based Baylor Scott & White saw its operating income fall more than 13 percent in the six months ending Dec. 31, largely driven by an increase in expenses, according to recently released financial results.
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A layoff list, expired medicine, neglected patients: Illinois hospital loses Medicare contract
CMS surveyors visited Galesburg (Ill.) Cottage Hospital four times in the last two months of 2021 before terminating the hospital's Medicare contract in January.
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Appointed North Carolina officials battle over hospital price transparency
North Carolina's treasurer is calling out major health systems in the state for failing to comply with CMS' price disclosure requirements, in conflict with the state's attorney general who says 122 hospitals are in compliance, several news organizations reported this month.
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CommonSpirit posts operating loss, inks $135M deal for 2 hospitals
CommonSpirit Health, a 140-hospital system based in Chicago, reported an operating loss for the three months ended Dec. 31 as higher labor and supply costs offset revenue gains, according to financial documents released Feb. 15.
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10 hospitals seeking RCM talent
Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.