Hospital closures and Medicare readmission penalties were among the healthcare finance topics that piqued the interest of readers in October.
Here are the five most popular finance stories published by Becker's Hospital Review in October:
1. Florida hospital abruptly closes, lays off 300
The Jerome Golden Center for Behavioral Health, a 44-bed psychiatric hospital in West Palm Beach, Fla., abruptly closed Oct. 18, leaving more than 300 employees without jobs.
2. CMS penalizes 2,583 hospitals for high readmissions
In fiscal year 2020, CMS will penalize 2,583 hospitals for having too many Medicare patients readmitted within 30 days.
3. The 56 hospitals facing maximum Medicare readmission penalties
As part of the Hospital Readmissions Reduction Program, Medicare will cut payments to 2,583 hospitals by anywhere from 0.01 percent to the maximum of 3 percent for fiscal year 2020. Fifty-six hospitals face the maximum 3 percent payment cut for every Medicare case during fiscal 2020, which runs Oct. 1 through September 2020.
4. Chicago hospital halts some services, cuts more than half its beds
Holy Cross Hospital in Chicago is scaling back services and reducing its bed count amid financial challenges
5. 22 hospital closures, state by state
From reimbursement landscape challenges to dwindling patient volumes, many factors lead hospitals to close.
More articles on healthcare finance:
CHS slashes net loss by $308M, plans to sell more hospitals
Takeover in the works as Texas hospital operator eyes bankruptcy
Georgia health system pays patients' out-of-network costs