Today's Top 20 Health Finance Articles
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AMA, AHA lawsuits call for update, repeal of No Surprises Act dispute provision
Both the American Medical Association and the American Hospital Association filed independent legal motions that implore the federal government to halt the rollout of the No Surprises Act's billing dispute provision.
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Sanford Health's net income dips 28% in 2021
Sioux Falls, S.D.-based Sanford Health reported a net income of $242.3 million in 2021, a decrease of 28 percent from 2020, according to its financial results released Feb. 14.
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Hospitals urge HHS to fix, not end, direct contracting model
In a Feb. 14 letter to HHS Secretary Xavier Becerra, hundreds of healthcare organizations urged HHS to refine the Global and Professional Direct Contracting Model for Medicare patients and providers rather than scrap it.
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Ohio church wipes out $33M of patient medical debt
United Church of Christ in Cleveland has abolished $33 million of patient medical debt in Ohio, according to a Feb. 14 news release.
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Providence prioritizing workforce, adjusting to post-pandemic baseline, CFO says
Greg Hoffman, CFO of Renton, Wash.-based Providence, discussed the current challenges the system is facing amid the pandemic, as well as financial changes he anticipates in the short and long term on a recent episode of "Becker's Healthcare Podcast."
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Mass General Brigham's operating income falls to $10M in Q1
Although Boston-based Mass General Brigham reported higher revenue in the first quarter of fiscal year 2022, its operating income fell, according to recently released financial documents.
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Hartford HealthCare fined after ending maternity services at 1 hospital
Hartford (Conn.) HealthCare was fined after it ended maternity services at Windham (Conn.) Community Memorial Hospital without first filing certificate of need, according to a news release emailed to Becker's.
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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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Kaiser sees net income top $8B in 2021, operating income fall sharply
Driven by strong investment gains, Oakland, Calif.-based Kaiser Permanente recorded a net income of $8.1 billion in 2021, an increase of $1.7 billion from 2020, according to its financial results released Feb. 11. However, its operating income fell sharply.
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Hospital leaders urge Congress to bolster financial support
Several hospital and health system leaders told Congress about the challenges they're experiencing amid the COVID-19 pandemic and urged more financial support Feb. 10 during an American Hospital Association virtual policy briefing.
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GoFundMe launched for New Jersey hospital worker set on fire by travel nurse
A GoFundMe campaign was launched Feb. 10 for a patient care technician who was severely burned in an attack by a travel nurse earlier this week at a New Jersey hospital.
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Patient received $13K bill after donating his kidney
Although living organ donors are not supposed to receive bills for transplant-related care, a Nevada man received a $13,064 medical bill after he donated his kidney, ProPublica reported Feb. 11.
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7 recent headlines on price transparency
As hospitals creep toward complying with price transparency, payers and providers are focusing on how the No Surprises Act, which went into effect Jan. 1, and transparency rules will impact price mediation.
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12 recent hospital credit rating upgrades, downgrades
At least 12 hospital and health system credit rating upgrades and downgrades have occurred in the last six months.
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Bipartisan bill seeks to improve speed, flexibility of provider relief fund
Two senators introduced a bill Feb. 9 that would allow hospitals and health systems to access the remaining funds from the Provider Relief Fund quickly and give them more flexibility on how the funds are used.
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Erlanger plans transition to 501(c)(3) nonprofit status
Chattanooga, Tenn.-based Erlanger Health System, a safety-net hospital system, will pursue transitioning into a 501(c)(3) nonprofit charitable organization.
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14% of hospitals comply with price transparency, survey finds: 4 things to know
In a survey of 1,000 hospitals, 14.3 percent were compliant with the federal price transparency rule that took effect Jan. 1, 2021, a February report by patientrightsadvocate.org found.
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Mercyhealth partners with Synchrony to make financing options more accessible
Rockford, Ill.-based Mercyhealth is partnering with Synchrony, a consumer payments and financing solutions provider, to improve patient financing options.
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Who leads R1 RCM: 12 people to know
R1 RCM is a provider of technology-driven solutions and delivers return on investment throughout the front, middle and back office of the revenue cycle.
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9 hospitals seeking RCM talent
Nine hospitals and health systems recently posted job listings seeking revenue cycle management expertise.