Today's Top 20 Health Finance Stories
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California spent $4B on Medi-Cal coverage for potentially ineligible people, audit finds
The California Department of Health Care Services spent at least $4 billion on "questionable" Medi-Cal payments between 2014 and 2017 because it did not ensure counties resolved discrepancies in data regarding eligibility of people who received benefits, a state audit found. - 10/31/18 -
SSI adds $30K to patient's hospital costs, study finds
Surgical site infections are among the most expensive inpatient harms and were linked to about $30,000 in added hospital costs per infection, a study published in Health Services Research found. - 10/31/18 -
TruBridge Receives Top Ranking by Black Book Research for End-to-End RCM Software and RCM Outsourcing Services
In a recent press release, TruBridge has announced that it was ranked #1 for its products and services by Black Book Research. - 10/31/18 -
$4.8M gift to bolster campus improvements at St. Joseph Mercy Oakland
St. Joseph Mercy Oakland in Pontiac, Mich., received a $4.8 million gift from the late Russell J. Ebeid. - 10/31/18 -
S&P assigns 'BBB' rating to Beebe Medical Center's outstanding bonds
S&P Global Ratings assigned a "BBB" rating to Lewes, Del.-based Beebe Medical Center's outstanding bonds. - 10/31/18 -
S&P revises Virginia Mason Medical Center rating outlook to negative
S&P Global Ratings revised its rating outlook for Seattle-based Virginia Mason Medical Center from stable to negative. - 10/31/18 -
S&P downgrades NorthShore University Health System's rating to 'AA-'
S&P Global Ratings lowered its rating for Evanston, Ill.-based NorthShore University Health System's revenue refunding bonds to "AA-" from "AA." - 10/31/18 -
Moody's assigns 'A2' rating to Jackson-Madison County General Hospital's proposed bonds
Moody's Investors Service assigned an "A2" rating to Jackson, Tenn.-based Jackson-Madison County General Hospital's proposed revenue bonds, affecting $265.7 million of debt. - 10/31/18 -
Moody's withdraws ratings on Montefiore Medical Center's prior bond
Moody's Investors Service has withdrawn its ratings on Bronx, N.Y.-based Montefiore Medical Center's prior bonds because their full outstanding balances have been legally defeased or redeemed. - 10/31/18 -
Managed Medicaid: The nightmare within
In honor of Halloween, Newport Credentialing Solutions’ Vice President of Operations, Allyson Schiff, spotlights a nightmarish Medicaid situation which providers throughout the country are being forced to live. - 10/31/18 -
Healthcare companies' credit ratings slide amid heightened consolidation, Fitch says
Consistent demand for most healthcare products and services has left the overall outlook for the sector largely unchanged; however, ratings are slipping as the industry continues to see consolidation and large acquisitions, according to Fitch Ratings. - 10/31/18 -
Hospital bankruptcies continue to skyrocket: 3 things to know
More than 20 hospitals have filed for Chapter 11 bankruptcy since 2016, according to an Oct. 30 report from the law firm Polsinelli. - 10/31/18 -
HCA shares climb after Q3 earnings released
Shares of Nashville, Tenn.-based HCA Healthcare climbed Oct. 30 after the for-profit hospital operator reported strong third-quarter earnings, according to a CNBC report. - 10/30/18 -
Indiana TV station joins forces with charity to forgive patients' medical debt
FOX59 reported it has teamed up with RIP Medical Debt, a charity that buys and forgives medical debt for patients in need. - 10/30/18 -
HCA's profit climbs to $759M in Q3
Nashville, Tenn.-based HCA Healthcare saw revenues and net income rise year over year in the third quarter of 2018. - 10/30/18 -
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that posted job listings seeking CFOs during the past week. - 10/30/18 -
Healthcare pours $46.7M into midterm election, physician groups outspend pharma: 5 notes
Healthcare organizations have funneled more than $46.7 million to candidates in the midterm election this year, according to Bloomberg. - 10/30/18 -
Fitch assigns 'A+' issuer rating to Hunterdon Medical Center
Fitch Ratings assigned its "A+" issuer default rating to Flemington, N.J.-based Hunterdon Medical Center. - 10/30/18 -
Association of Independent Doctors makes video satirizing price transparency
The Association of Independent Doctors made a video satirizing the lack of price transparency in healthcare called "The Perfect Money Making Model," according to the Orlando Sentinel. - 10/30/18 -
Moody's downgrades rating for King's Daughters' Medical Center to 'Baa3'
Moody's Investors Service downgraded Ashland , Ky.-based King's Daughters' Medical Center's revenue bond rating to "Baa3" from "Baa2," affecting $177 million of rated debt. - 10/30/18