Today's Top 20 Health Finance Articles
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States with the highest, lowest smoking costs
Smoking costs the U.S. more than $300 billion a year when taking into account elements like medical care and lost productivity, according to a Jan. 12 analysis by WalletHub.
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Viewpoint: Consumers not persuaded by hospital price transparency excuses
In a recent article, hospital leaders said that CMS' price transparency rules puts them at a competitive disadvantage — a justification several readers argued is not persuasive in a Jan. 11 Wall Street Journal opinion piece.
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Collaborative Health Systems names first CMO
Collaborative Health Systems, one of the largest multistate accountable care organization operators, named Brian Steele, MD, as its first CMO.
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Church clears medical debt for 2,900 families
The United Church of Christ has eliminated $3.9 million in medical debt for 2,900 families in Arkansas and Tennessee, the Tennessean reported Jan. 11.
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Viewpoint: IU Health price freeze is a PR stunt
Bloomington-based Indiana University Health's five-year price freeze isn't enough to get its prices to national averages, Michael Hicks, director of the Center for Business and Economics Research, wrote Jan. 9 in the Star Press.
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California governor unveils $2.7B COVID-19 emergency response package
California Gov. Gavin Newsom on Jan. 8 announced a proposal for a $2.7 billion COVID-19 emergency response package, which includes an investment in testing, vaccinations and front-line worker support.
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Unvaccinated adult COVID-19 hospitalizations cost $13.8B in 6 months, analysis finds
COVID-19 hospitalizations of unvaccinated adults cost $13.8 billion from June to November 2021, according to a recent analysis by Kaiser Family Foundation.
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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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CMS OKs new payment code for outpatient remdesivir administration
CMS approved a new payment code for the administration of remdesivir, an antiviral drug authorized to treat COVID-19, in an outpatient setting.
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R1 RCM to acquire Cloudmed in deal valued at $4.1B
Revenue cycle management company R1 RCM plans to acquire Cloudmed in an all-stock deal worth about $4.1 billion, including debt, the organizations said Jan. 10.
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Illinois hospital closes, terminates staff
Galesburg (Ill.) Cottage Hospital closed Jan. 8 and its workers were told via email that their employment was terminated, according to The Register-Mail.
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10 hospitals with the highest contract labor expenses
Hospitals across the U.S. are seeing labor costs rise and are increasingly bringing in contracted workers to keep their facilities staffed.
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7 states that lost hospitals in 2021
Seven hospitals in seven states closed in 2021. That was a significant decline from a year earlier when more than 20 hospitals across 14 states shut down.
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S&P: Nonprofit hospitals likely to face 'significant' operating, revenue pressures in 2022
Although the U.S. nonprofit hospital sector remains stable, these facilities will face operating headwinds as "significant ongoing" expense and revenue pressures will likely continue throughout 2022, according to a new report from S&P Global Ratings.
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Florida agency threatens to fine hospitals with strict COVID-19 vaccination mandates
The Florida Agency for Health Care Administration announced that it will follow Florida's law that prohibits private employers from enforcing COVID-19 vaccination mandates, except if broad exemptions are allowed.
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NYC mayor to send $138M to public, safety net hospitals
New York City Mayor Eric Adams announced a plan Jan. 5 to give $111 million in funding to public hospitals and a $27 million loan to safety-net hospitals as they struggle with the COVID-19 omicron variant surge, the New York Daily News reported.
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Basement to boardroom: Why supply chain leaders need a higher profile
For years, healthcare organizations have underinvested in digital technology and the supply chain and are now paying for it as they struggle to meet customer demand, according to two executives at KPMG, based in the Netherlands.
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5.6M+ Medicare claims denied over 6 years & other findings from study of Medicare coverage policies
Medicare and Medicare Advantage coverage policies resulted in more than 5.6 million claim denials between 2014 and 2019, according to a new study published in the January issue of Health Affairs.
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Nearly 2 in 3 low-income parents skipped medical care, study finds: 5 things to know
Low-income parents (those at or below 138 percent of the federal poverty level) are three times as likely to forgo some sort of medical care over parents at 400 percent of the federal poverty level, according to a Jan. 5 Urban Institute study.
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8 organizations certified to oversee No Surprises Act billing disputes and what they charge
HHS has certified eight organizations to serve as independent dispute resolution entities in federal billing disputes between providers and payers.