1. Catholic Health Initiatives CFO Dean Swindle’s advice to other systems: ‘Don’t get too comfortable with your past success’
Englewood, Colo.-based Catholic Health Initiatives embarked on a turnaround plan several years ago with the goal of improving its financial picture while providing high-quality care at its hospitals and other facilities across the nation. The system has made great strides toward its goal, yet there is still a lot of work to be done.
2. CMS reveals 2018 value modifier
CMS revealed more than 20,000 clinicians will receive a positive payment adjustment on their Medicare physician fee schedule payments this year under the 2018 Value Modifier, which is based on quality and cost performance from 2016.
3. Healthcare spending up 4.6%, while service use plateaus: 5 things to know
While healthcare spending depends on price and service use, substantial hikes in healthcare spending between 2012 and 2016 were mainly due to price increases, according to a recent Health Care Cost Institute report.
4. Why this $15M gift to an LA hospital is so unusual
While a $15 million gift presented to Los Angeles-based Martin Luther King Jr. Community Hospital from the Weingart Foundation and the Ballmer Group hasn’t garnered much attention, it’s actually quite unique and should capture philanthropist attention.
5. Only 39% of American households can cover a $1k ER visit with savings
While more than one-third of American households have experienced a major unexpected expense over the last year, such as a $1,000 emergency room visit or car repair, most are unable to cover the cost without borrowing, according to Bankrate’s latest Financial Security Index survey.
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