HHS will begin distributing $333 million in performance payments to nursing homes that reduced COVID-19 infections and deaths between August and September. 

Indiana University Health, a 17-hospital system based in Indianapolis, saw its net income dip 63 percent through the first nine months of the year, according to unaudited financial documents released Oct. 29.

A surge of hospital bankruptcies looms as federal aid that gave a lifeline to healthcare providers dries up, according to Bloomberg Law. 

King of Prussia, Pa.-based Universal Health Services saw its net income increase nearly 150 percent in the third quarter of 2020, compared to the third quarter of 2019, according to financial documents released Oct. 29.

Molina Healthcare saw premium revenue and profit increase in the third quarter of 2020, with the COVID-19 not significantly affecting results.

Shares of Franklin, Tenn.-based Community Health Systems soared 30 percent Oct. 28 after the for-profit hospital chain said its longtime CEO would step down and it released better-than-expected financial results for the third quarter. 

CMS unveiled a final rule Oct. 29 that requires health plans to disclose the rates they negotiate with hospitals and other healthcare providers. 

Nearly 1 in 5 Americans live in rural areas and depend on their local hospital for care. Over the past 10 years, 133 of those hospitals have closed. 

Minneapolis-based Children's Minnesota will lay off 150 employees, the system told Becker's Hospital Review.  

Identifying and prioritizing denials is one of the biggest pain points for health systems today, according to Rob Stucker, senior vice president of revenue cycle management at Experian Health.