Most hospitals know that a bank letter of credit which terminates within one year of fiscal year end must be extended, or the underlying variable rate demand obligations (VRDO) will be classified as a current liability, which could wreak havoc…
Leadership & Management
As part of the upcoming recovery audit contractor program for Medicare Part C, involving payments by Medicare Advantage plans, the AHA wants CMS to impose 15 requirements on Part C RACs, according to a letter from AHA to CMS Administrator…
The Department of Health & Human Services will allocate $4.3 billion in funds to help move Medicaid beneficiaries out of institutions and into their own homes or other community settings now and in the near future, according to an HHS…
One of the biggest impediments to improving outcomes and squeezing waste out of our healthcare system is the different languages healthcare providers and other organizations speak. The result is sometimes duplication of effort, great breakthroughs in care that don’t get…
Organizations could realize savings that equal up to 2 percent of total annual costs by eliminating inaccuracies and noncompliance through contract management automation, according to Pricewaterhouse Coopers. Therefore, a hospital spending $30 million could save $600,000 annually with an an…
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HCA Holdings has released its 2010 financial results, revealing a 2 percent increase in revenue from the year prior to $30.7 billion and a 14.5 percent increase in net income to $1.2 billion, according to an HCA release. While revenue…
Baltimore cardiac surgeon Peter Horneffer, MD, has filed a lawsuit against St. Joseph Medical Center in Towson, Md., and its parent company, Catholic Health Initiatives, alleging the hospital threatened, harassed and discriminated against him for his participation in a whistleblower…
Five pharmaceutical companies have paid more than $25 million to North Carolina to settle fraud allegations, thanks to investigations by the state’s Medicaid Investigations Unit, according to a news release from the North Carolina Department of Justice. The following cases…
The Arizona Senate's Appropriations Committee voted 8-5 to drop out of the federal Medicaid program and replace it with a far less extensive state program, according to a report by Victoria Advocate.
Children's Hospital of Oakland has been fined $10,350 by the California Division of Occupational Safety and Health for workplace violations related to failing to adequately protect employees from unsafe situations at the hospital, according to a San Francisco Chronicle report.