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More in Financial Management

Philadelphia-based Jefferson Health plans to lay off around 1% of its 65,000-person workforce, or approximately 650 employees, a spokesperson for the system confirmed to Becker’s.  The spokesperson did not detail which roles would be impacted.  Joseph Cacchione, MD, CEO of…

Medicare Advantage provides health coverage to more than half of the nation's older adults, but some hospitals and health systems are opting to end or not renew contracts with some MA plans over administrative challenges.

CMS has clarified that only select Medicare claims will be held amid the ongoing federal government shutdown, walking back an earlier notice that suggested a broader payment pause. “In light of the continuing government shutdown, CMS will continue to process…

A federal judge in California granted a temporary restraining order halting the Trump administration from laying off federal workers during the government shutdown, NBC News reported Oct. 15.   The lawsuit was filed by two unions representing government employees on Sept.…

Renton, Wash.-based Providence plans to permanently close four occupational medicine and workplace health services clinics in Portland, Ore., on Nov. 7, affecting 43 employees. In an internal message sent to staff that was obtained by Becker’s, Ben LeBlanc, MD, chief…

Stanford Medicine’s Lucile Packard Children’s Hospital in Palo Alto, Calif., is laying off 87 workers amid financial challenges, including reductions in federal funding. The layoffs, which affect about 1% of the 361-bed hospital’s workforce, will take effect Dec. 12, according…

The federal government shutdown is entering its third week as lawmakers on Tuesday again failed to pass a funding bill.  For the eighth time, the Senate failed to pass the House-approved measure to fund the government through Nov. 21, The…

As the federal government shutdown stretches on, hospital leaders are voicing alarm over the lapse of Medicare telehealth flexibilities and the hospital-at-home program, which has been a disruptive blow to both patients and providers. The expiration of these provisions has…

Insight Hospital and Medical Center Trumbull in Warren, Ohio, has reopened after pausing operations since March. “Insight Hospital & Medical Center Trumbull is now officially open, providing 24/7 emergency care along with inpatient and outpatient services,” a spokesperson for Flint,…

Most hospital leaders understand the financial risk of prior authorization breakdowns. But another source of revenue leakage is gaining attention: claim denials tied to medical necessity. These denials are harder to predict, tougher to appeal, and more expensive to resolve.…

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