Today's Top 20 Health Finance Stories
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Bankrupt hospital operator seeks to auction assets
Promise Healthcare Group, a bankrupt hospital and nursing home chain based in Boca Raton, Fla., is planning to sell its remaining assets. - 1/3/19 -
How to measure your health system’s patient financial experience
A recent article by VisitPay analyzes ways to measure health systems' patient financial experience. - 1/3/19 -
10 hospitals seeking RCM talent
Here are 10 hospitals and health systems that posted job listings seeking revenue cycle management expertise in the last week. - 1/3/19 -
RCM tip of the day: Ensure coding accuracy
Hospitals can increase revenue cycle integrity and performance by ensuring coding accuracy, said Kevin Smith, vice president of product management at nThrive, a revenue cycle management company. - 1/3/19 -
Moody's announces Howard Hughes Medical Institute's $1.2 billion redemption of bonds is credit positive
Moody's Investors Service announced Chevy Chase. Md.-based Howard Hughes Medical Institute's redemption of $1.2 billion worth of taxable fixed rate bonds will positively impact its leverage profile. - 1/3/19 -
Moody's affirms 'Ba1' rating for Hurley Medical Center
Moody's Investors Service affirmed its "Ba1" rating for Flint, Mich.-based Hurley Medical Center, affecting $78.6 million of outstanding revenue bonds. - 1/3/19 -
Medicare bundled payment program cuts spending for joint replacements
Medicare reduced spending for the Comprehensive Care for Joint Replacement program over a two-year period, according to a study published in The New England Journal of Medicine. - 1/3/19 -
Surprise billing solution must protect patients, healthcare groups tell Congress
Two healthcare groups have penned a letter to Congress advocating protection for patients against unexpected gaps in insurance coverage that can result in surprise medical bills. - 1/2/19 -
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that posted job listings seeking CFOs during the past week. - 1/2/19 -
Medical GoFundMe campaigns raise more than $650M annually
As patients struggle to afford healthcare, they are using crowdsourcing to help foot their medical bills, according to a report published by National Public Radio. - 1/2/19 -
3 hospitals close in Kansas, Tennessee
Franklin, Tenn.-based Community Health Systems closed two Tennessee hospitals Dec. 28, and St. Louis-based Mercy shut down a hospital in Kansas Dec. 31. - 1/2/19 -
Minnesota hospital apologizes for billing mistake
Alomere Health in Alexandria, Minn., mistakenly sent bills to some former patients who had paid off their balances years ago, according to the Echo Press. - 1/2/19 -
For-profit hospital stock report: Week of Dec. 24-28
Two major for-profit hospital operators saw their stock prices fall last week. - 1/2/19 -
10 biggest private equity healthcare deals of 2018
In 2018, there were 715 private equity deals in the healthcare industry as of mid-December for a combined value of $103.72 billion, up from 709 deals worth $88.87 billion, according to Forbes. - 12/31/18 -
$50M annual grant swaying public favor toward HCA-Mission Health deal, North Carolina official says
North Carolina Attorney General Josh Stein, who can block Franklin Tenn.-based HCA Healthcare's acquisition of Asheville, N.C.-based Mission Health, has received far more letters supporting the deal than opposing it, according to the Asheville Citizen-Times. - 12/31/18 -
Physicians at 3 Pennsylvania hospitals mull legal action after working weeks without pay
Emergency room physicians at three Pennsylvania hospitals operated by Ontario, Calif.-based Prime Healthcare are considering legal action to recoup lost wages, according to The Inquirer. - 12/31/18 -
Supermarket customers raise $700K for Children's Miracle Network hospitals
Customers of Giant Food Stores donated $729,173 for Salt Lake City-based Children's Miracle Network hospitals during the supermarket chain's yearly Candles for Kids fundraising campaign, according to The Intelligencer. - 12/28/18 -
CMS proposes fee increase for labs: 4 things to know
CMS issued a notice to raise fees 20 percent for laboratories certified under the Clinical Laboratory Improvement Amendments, the agency said Dec. 28. - 12/28/18 -
Texas behavioral health system closes amid accusations of holding patients illegally
Arlington, Texas-based Sundance Behavioral Healthcare System closed its three facilities and surrendered its license after being indicted on charges that it held patients illegally, according to the Star-Telegram. - 12/28/18 -
4 ways Intermountain Healthcare changed the patient payment experience
In a fireside chat hosted by VisitPay CEO Kent Ivanoff at the Becker's Hospital Review 7th Annual CEO + CFO Roundtable, Todd Craghead, vice president of revenue cycle at Intermountain Healthcare, recounted the health system's decade-long journey toward a patient-centric financial experience. - 12/28/18