Today's Top 20 Health Finance Articles
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14 health systems with strong finances
Here are 14 health systems with strong operational metrics and solid financial positions, according to reports from Fitch Ratings and Moody's Investors Service.
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COVID-19 funding to healthcare providers by the numbers
To compensate for financial losses caused by the COVID-19 pandemic, the government provided several funds and policies to ease the burden on healthcare providers.
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Former buyer of Pennsylvania hospitals asks judge to block closure
Turnaround firm Canyon Atlantic Partners asked a Pennsylvania Court of Common Pleas judge to stop the closure of two Tower Health hospitals, which the company previously planned to purchase, Daily Local News reported Jan. 27.
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RIP Medical, Vituity abolish $25M in patient medical debt
Vituity, a medical staffing service and physician group, partnered with RIP Medical Debt to erase $25.4 million of medical debt in the Pacific Northwest.
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CMS: Modest growth in shared savings ACOs
The number of ACOs participating in the Medicare Shared Savings Program increased modestly this year by six, data from CMS reveals.
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HCA posts $7B annual profit, plans to add 8 hospitals
Nashville, Tenn.-based HCA Healthcare saw its revenue and profit grow year over year in the fourth quarter of 2021.
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Federal Reserve could raise interest rates as early as March
The Federal Reserve indicated Jan. 26 that it could soon raise interest rates for the first time in more than three years, according to CNBC.
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North Carolina hospitals billing patients eligible for charity care
Nonprofit hospitals in North Carolina bill patients eligible for charity care for millions of dollars in medical care each year, according to a Jan. 25 report from the office of the state treasurer.
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Health stock sell-off poised to hit worst drop since 2009
Investors continued to drop health stocks for the ninth day Jan. 25, tying the sector's longest sell-off since 1994, according to Bloomberg.
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Nurse staffing agencies inflating prices, lawmakers allege, seek White House probe
Nearly 200 House members are urging the White House to investigate ballooning costs charged by nurse staffing agencies.
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Curb costs or get fined, state tells Mass General Brigham
Boston-based Mass General Brigham must develop a performance improvement plan to reduce costs after the state's healthcare watchdog determined that the health system pushed healthcare spending above acceptable levels throughout the last few years, according to a press release emailed to Becker's on Jan. 25.
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TailorMed, UnityPoint Health partner to reduce treatment cost
Financial navigation technology company TailorMed and UnityPoint Health, a network of hospitals, clinics and home care services, are partnering to help bring down the cost of treatment for patients.
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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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9 hospitals seeking RCM talent
Nine hospitals and health systems recently posted job listings seeking revenue cycle management expertise.
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HHS distributing $2B to healthcare providers: Breakdown by state
HHS announced Jan. 25 it is providing more than $2 billion in Provider Relief Fund phase 4 payments, through the Health Resources and Services Administration, to more than 7,600 providers affected by the COVID-19 pandemic.
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Bayada Home Health to close 4 offices, lay off 682 employees
Moorestown, N.J.-based Bayada Home Health Care will close four offices in Florida April 1 and lay off 682 employees, the Tampa Bay Business Journal reported Jan. 24.
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3 financial indicators that could predict rural hospital closures
The 56 rural hospitals that closed between January 2017 and August 2020 have three things in common, a January study by the NC Rural Health Research Program found.
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Florida hospitals don't have to use federal surprise-billing dispute resolution process
Florida healthcare providers can use the state-specific dispute resolution process for out-of-network bills instead of the federal methodology outlined in the No Surprises Act, CMS determined.
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Woman charged $847 'facility fee' for telehealth visit
Brittany Tesso, a mother in Colorado, was recently charged $847.35 for a "facility fee" for her 3-year-old son's telehealth visit at Aurora-based Children's Hospital Colorado, KDVR reported Jan. 23. -
Indiana legislators threaten to act if health systems don't lower costs
Indiana legislators warned healthcare organizations that they must work together with third-party payers to bring Indiana's healthcare costs down to the national average by 2025, threatening to "pursue legislation to statutorily reduce prices" if they don't have a plan by April, the Indy Star reported Jan. 24.