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More in Financial Management

High expenses, lower federal reimbursement for patient services and sluggish investments caused University of Pittsburgh Medical Center's (pdf) second-quarter profit to fall 53.8 percent, from $143.7 million a year ago to $66.4 million this year.

U.S. Reps. Joe Heck, DO (R-Nev.), and Allyson Schwartz (D-Pa.) have introduced new legislation that would permanently repeal the sustainable growth rate, which dictates Medicare reimbursement to physicians.

Cleveland-based safety-net health system MetroHealth has been approved to operate a Medicaid waiver program that will allow up to 30,000 Ohioans who fall under 133 percent of the federal poverty line to obtain free healthcare coverage.

Kansas moved its Medicaid recipients at the start of this year onto a flat-fee managed care program called KanCare, in hopes the switch would lower costs or slow growth in spending for its Medicaid population. 

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