Today's Top 20 Health Finance Articles
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New York threatens to fine hospitals $100K if vaccine rollout doesn't speed up
New York hospitals may face $100,000 in fines if they do not use up their share of COVID-19 vaccines by the end of the week, Gov. Andrew Cuomo said in a Jan. 4 media briefing.
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OIG suggests changes to CMS wage index approach
CMS could improve its area wage index adjustment to more specifically target rural hospitals and providers operating at low or negative margins, according to the HHS' Office of Inspector General.
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No Surprises Act signed into law; insurers lose yearslong lobbying battle
A measure to end surprise medical bills for emergency and scheduled care was passed Dec. 27 when President Donald Trump signed a $1.4 trillion year-end spending deal into law.
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Who leads Conifer Health: 6 people to know
Conifer Health Solutions, a subsidiary established by Dallas-based Tenet Healthcare in 2008 that offers revenue cycle management and care services, works with healthcare organizations to improve their financial and clinical operations.
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Tennessee loses 3rd hospital this year
Perry Community Hospital in Linden, Tenn., has laid off its workers and suspended all services. It hasn't released a timeline for when it will reopen.
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10 hospitals seeking RCM talent
Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.
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Independent medical groups grew profit per provider before COVID-19 hit
Independent medical groups saw profits grow in 2019, while health system-affiliated groups faced a loss, according to a recent AMGA survey.
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Saint Luke's closes 2 Kansas hospitals
Kansas City, Mo.-based Saint Luke's Health System closed two community hospitals Dec. 30, the system confirmed to Becker's Hospital Review.
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Church raises enough to wipe out $21M in medical debt
Spokane Valley, Wash.-based Valley Real Life’s annual holiday fundraiser had raised about $210,000 as of the morning of Dec. 29, which the church told the Spokesman-Review is enough to forgive $21 million in medical debt for qualifying individuals in the Pacific Northwest.
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New Jersey may impose per-bed fees on nonprofit hospitals
New Jersey may become the first state that requires nonprofit hospitals to pay per-bed fees to their local governments, according to The Philadelphia Inquirer.
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10 hospitals that outsourced RCM functions in 2020
Several hospitals and health systems decided to outsource finance jobs or other revenue cycle functions in 2020.
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Private equity pushes into healthcare: 7 latest deals
There were more than 300 private equity deals in the healthcare industry in 2019, and the healthcare sector has continued to draw private equity investors in this year.
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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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Trump signs COVID-19 relief, spending bill
President Donald Trump signed the $900 billion COVID-19 relief and $1.4 trillion spending bill Dec. 27, six days after receiving the legislative package from Congress.
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Chicago's Mercy Hospital remains committed to closure plan despite rejection by state board
Although Illinois regulators unanimously rejected a plan for Mercy Hospital & Medical Center in Chicago, the hospital said it remains committed to its plan to shut its doors, according to Chicago's CBS Local.
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Hospital finances bleak as 2020 nears end
Hospital margins and revenues continued to fall in November, while expenses remained above 2019 levels, according to Kaufman Hall's December Flash report, which examines metrics from the previous month.
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Hospitals will have 3 more months to audit COVID-19 grants
Some providers will have three more months to audit their COVID-19 grants, according to guidance released by the White House's Office of Management and Budget.
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Trump demands changes to COVID-19 relief bill
President Donald Trump is demanding changes to the $900 billion COVID-19 relief and $1.4 trillion spending bill passed by Congress Dec. 21, according to The New York Times.
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Ambulances remain exempt from surprise-billing legislation
Although Congress passed a measure to ban surprise billing for emergency and scheduled care Dec. 21, ambulance rides — the largest source of unexpected out-of-network medical bills — are left out of the legislation, according to The New York Times.
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Wisconsin hospital still suing patients for overdue debt despite vow to curb practice during pandemic
Despite vowing to slow or curb debt lawsuits amid the pandemic, Froedtert South, a general hospital in Kenosha, Wis., has filed at least 231 lawsuits against patients to recoup medical debt since April, according to an investigative report from Wisconsin Watch and Wisconsin Public Radio.