Hospitals: Page 2


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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Tracking Steward's decline

    Steward buy could add 3,000 doctors to Optum’s physician network, regulator says

    There’s a long way to go before the highly anticipated deal can close, as parties have yet to file the paperwork required to kick off Massachusetts' antitrust review process, a regulator said yesterday.

    By April 11, 2024
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    Alex Wong / Staff via Getty Images
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    CMS proposes 2.6% payment increase for inpatient hospitals next year

    Regulators said payments to hospitals would increase $3.2 billion in 2025 under the proposed rule. However, the American Hospital Association called the hike “woefully inadequate.”

    By April 11, 2024
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    Trendline

    Social determinants of health

    The focus on social determinants of health has only increased because of the impacts of the pandemic, with payers and providers trying to new ways to address the issues.

    By Healthcare Dive staff
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    FangXiaNuo via Getty Images
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    Medical Properties Trust offloads 5 hospitals to Prime Healthcare

    One of the nation’s largest hospital landlords will pay down its debt load with the proceeds, executives said.

    By April 11, 2024
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    Banner Health names new CEO

    Amy Perry, the current president, will take the reins from longtime chief executive Peter Fine beginning June 30.

    By April 10, 2024
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    North Carolina county seeks damages in HCA Mission lawsuit

    Buncombe County is seeking to join a lawsuit from the state alleging HCA intentionally understaffed Mission’s emergency department, increased wait times and wasted taxpayer dollars.

    By April 9, 2024
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    Marshfield Clinic to lay off furloughed workers

    The Wisconsin-based health system furloughed about 3% of its employees earlier this year, and most are impacted by these job cuts.

    By April 5, 2024
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    Senate ramps up scrutiny of private equity ‘greed’ in healthcare

    As private equity firms buy up hospitals and staffing agencies, lawmakers say they're increasingly concerned that patient care could suffer. 

    By April 5, 2024
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    andresr via Getty Images
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    Deep Dive // Change Healthcare cyberattack

    Change cyberattack serves as wake-up call for healthcare cybersecurity

    The outage shows why health systems need to plan for inevitable cyberattacks, evaluating risks and putting operational backups in place, experts say.

    By April 4, 2024
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    Blue Shield of California and Providence at stalemate over contract negotiations

    It's the latest negotiation to spill out of the boardroom and into the public eye as tensions between providers and payers ramp up.

    By April 3, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Intermountain-owned Saltzer shutters operations, sells clinics

    The financially strapped physician group finalized a midnight deal to sell some services to Trinity Health-owned Saint Alphonsus Health System and Intermountain Medical Imaging of Idaho.

    By April 3, 2024
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    Permission granted by Geisinger Health
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    Kaiser closes Geisinger acquisition, launching Risant Health

    The deal closed roughly a year after it was first announced. Geisinger is the first health system to join Risant, but it’s far from the last — the hospital operator wants to acquire at least four additional nonprofits.

    By April 3, 2024
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    marchmeena29 via Getty Images
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    Change Healthcare cyberattack

    Change cyberattack likely ‘minor setback’ for nonprofit hospitals: Fitch

    The ratings agency doesn’t anticipate a credit impact to nonprofits as long as providers can return to normal operations soon and maintain a large enough cash cushion during the outage.

    By April 2, 2024
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    UHS could face hit from $535M judgment against subsidiary

    Damages could shrink on appeal and Universal Health Services has malpractice insurance to cover some costs, but the for-profit’s exposure from the case could still amount to hundreds of millions of dollars.

    By April 2, 2024
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    Delmaine Donson via Getty Images
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    UCLA Health acquires California hospital from HCA

    The purchase of the 260-bed facility will help address inpatient capacity needs, UCLA said.

    By April 1, 2024
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    LD via Getty Images
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    Novant’s proposed purchase of CHS hospitals ‘irreversibly’ harms competition, FTC says

    Antitrust regulators filed this week to block the deal, a move akin to trying to stop a “ball that’s already rolling downhill," one expert said.

    By March 29, 2024
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    Ascension to divest three hospitals in northern Michigan

    The nonprofit giant is working to improve its financials and focus on expanded ambulatory and telehealth offerings.

    By March 27, 2024
  • An illustration of a hospital and a medical corporate building pieced together like a puzzle.
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Tracking Steward's decline

    Steward to sell physician group to UnitedHealth’s Optum Care

    The proposed deal could face regulatory scrutiny, Massachusetts officials say.

    By March 27, 2024
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    Healthcare companies expand perks to recruit talent: report

    The increase stands in contrast to other industries, which have cut back on extra offerings. 

    By March 27, 2024
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    erdikocak via Getty Images
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    Tax breaks exceed community care spending at large majority of nonprofit hospitals: report

    Nonprofits’ cumulative “fair share” deficit is enough to pay off the medical debt of everyone in California, Texas, New York and Pennsylvania combined, according to the Lown Institute.

    By March 26, 2024
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    SDI Productions via Getty Images
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    Ascension will outsource Illinois hospitalist functions to PE-backed staffing firm

    Beginning June 1, the Catholic health system will cede responsibility of hospitalist functions to staffing firm SCP Health.

    By March 26, 2024
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    Advocate offloads senior home care business to private equity firm

    The health system is selling Senior Helpers to Waud Capital Partners just three years after it acquired the home care group.

    By March 25, 2024
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    Change Healthcare cyberattack

    Hospital groups question HHS about data breach reporting after Change attack

    In a Thursday letter, the American Hospital Association urged the HHS’ Office for Civil Rights to reduce possible “duplicative” breach notifications from the Change cyberattack.

    By March 22, 2024
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    Hospitals could face revenue hit if insurers play hardball over MA: report

    Insurers could increase claims denials and engage in aggressive contract negotiations with hospitals as profitability in the popular plans declines.

    By March 21, 2024
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    Steward’s legal battles offer insight into pattern of mismanagement

    The health system has been hit with at least 35 lawsuits in the last year alleging issues ranging from unpaid bills and falsified checks to doctor kickback schemes.

    By March 20, 2024
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    Bon Secours Mercy Health names new CFO

    Travis Crum, currently senior vice president of finance, will assume the CFO role in the summer. He replaces Debbie Bloomfield, who is set to retire at the end of the year.

    By March 20, 2024