Today's Top 20 Health Finance Articles
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Private equity pushes into healthcare: 7 latest deals
The healthcare sector is drawing interest from private equity investors this year, with seven deals announced since Feb. 1.
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CMS implements automatic exception policy for individual clinicians in MIPS
CMS will implement an automatic extreme and uncontrollable circumstances policy for some clinicians participating in the Quality Payment Program's Merit-based Incentive Payment System.
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UPMC annual operating revenue hits $23B: 5 notes
Pittsburgh-based UPMC saw its operating revenue grow 12 percent to $23 billion in 2020, according to recently released financial documents.
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Limiting commercial reimbursement to Medicare rates would save $352B this year: study
Total healthcare spending for privately insured Americans would be about $352 billion lower in 2021 if private insurers reimbursed healthcare providers at Medicare rates, according to analysis Kaiser Family Foundation released March 1.
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Georgia health system warns patients of billing scam
Albany, Ga.-based Phoebe Putney Health System is notifying patients of a possible telephone scam that seeks billing information from them, according to the Albany Herald.
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Mayo Clinic annual revenue grows to $13.9B
Rochester, Minn.-based Mayo Clinic recorded a net operating income of $728 million in 2020, a 23.5 percent decrease compared to 2019, according to recently released financial documents.
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House passes $1.9 trillion COVID-19 relief package
The House passed President Joe Biden's $1.9 trillion COVID-19 relief plan early Feb. 27, sending the proposal to the Senate for debate this week.
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IU Health's net income hits $783M in Q4
Indiana University Health, a 16-hospital system in Indianapolis, saw its net income reach $783.2 million in the quarter ended Dec. 31, largely driven by investment gains, according to financial documents released Feb. 25.
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UHS records $944M annual profit, notes cyberattack loss of $67M
Despite COVID-19 expenses and taking a $67 million hit from a cyberattack last year, King of Prussia, Pa.-based Universal Health Services ended 2020 with a $944 million profit, according to financial documents released Feb. 25. This net income was a growth of 15.8 percent year over year.
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Renown Health's Kara Martinezmoles on her leadership journey, revenue cycle goals and inspirations
Kara Martinezmoles serves as vice president of revenue cycle at Reno, Nev.-based Renown Health, and her healthcare leadership journey to get to that role has been shaped by various learning experiences and mentors.
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5 organizations erasing millions in medical debt via RIP Medical Debt
Two-thirds of all U.S. bankruptcies stem from medical debt, and one-quarter of all U.S. credit card debt is medical, according to nonprofit RIP Medical Debt.
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Tennessee church erases more than $1M in medical debt
Bristol, Tenn.-based Discovery Church helped erase more than $1 million in medical debt for Tennesseans and Georgians through its partnership with RIP Medical Debt, WJHL-TV reported Feb. 23.
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Hospitals want $35B in COVID-19 relief bill
The American Hospital Association wants the federal government's $1.9 trillion COVID-19 relief plan to include $35 billion in emergency funding for hospitals across the U.S., according to Bloomberg Law.
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COVID-19 could cause up to $122B hit to hospital revenue in 2021, study finds
The COVID-19 pandemic could cause hospitals to lose as much as $122 billion this year, according to a new study from healthcare consulting firm Kaufman Hall.
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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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MedData acquires RevClaims
Spring, Texas-based MedData acquired Jackson, Miss.-based RevClaims, the companies announced Feb. 24.
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More hospitals billing at highest severity level; HHS suggests targeted reviews
Hospitals are increasingly billing inpatient stays at the highest severity level, also the most expensive one, according to a recent report from the HHS Office of Inspector General.
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LRGHealthcare CEO warns 2 hospitals would close without sale
Laconia, N.H.-based LRGHealthcare's CEO Kevin Donovan warned that if the sale of its two hospitals to Concord (N.H.) Hospital fell through, the facilities could close within two months, according to The New Hampshire Union Leader.
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Massachusetts hospital to lay off 151 after sale
The outgoing owners of Providence Behavioral Health Hospital in Holyoke, Mass., are laying off the hospital's 151 employees, effective April 20, according to MassLive.
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Massachusetts health system gets $800K in anonymous bitcoin donations
An anonymous donor recently made two bitcoin donations, each worth about $400,000, to Hyannis, Mass.-based Cape Cod Healthcare, The Boston Globe reported Feb. 19.