1. For-profit hospital operators likely to experience weak patient admissions through 2018
Major for-profit hospital operators were plagued by weak patient volumes in the quarter that ended June 30, and this trend is likely to continue through next year.
2. Northwell Health to shut down insurance arm
New Hyde Park, N.Y.-based Northwell Health will wind down is health insurance business, CareConnect, over the next year.
3. Moody’s: Nonprofit healthcare medians reversed trajectory in FY 2016
Annual expense growth for nonprofit and public healthcare organizations outpaced annual revenue growth in fiscal year 2016, according to Moody’s Investors Service.
4. Survey: 50% of healthcare professionals ‘not at all’ familiar with MACRA
Only 9 percent of providers, healthcare administrators and medical office staff consider themselves “very familiar” with the Medicare Access and CHIP Reauthorization Act, according to a recent NueMD survey.
5. Cleveland Clinic more than triples operating income in Q2
Fueled by higher patient volume, Cleveland Clinic Health System saw revenues increase and operating income more than triple in the second quarter of this year, according to recently released bondholder documents.
More articles on healthcare finance:
Augusta University Health System blames lack of physicians for $8.8M loss
MD Anderson operating in the black for first time in more than a year
IU Health demands payment for inmate’s $1.8M medical bill
