Practice Management

Two Healthcare Mergers Abandoned Following Pushback from FTC

by Victoria Bailey

Pushback from the Federal Trade Commission (FTC) has led to the termination of two proposed healthcare mergers, one in New Jersey and the other in Utah. At the beginning of June, FTC filed complaints...

Nonprofit Hospitals Offered $110B in Community Benefits in 2019

by Victoria Bailey

Nonprofit hospitals offered more than $110 billion in community benefits in fiscal year 2019, exceeding the value of their federal tax exemption by nearly nine times, according to a report Ernst &...

Most Hospitals Lack Effective Cost Reduction Programs, Survey Finds

by Victoria Bailey

Only 6 percent of hospitals reported that their cost reduction programs were effective, indicating room for improvement in program development, according to a survey conducted by the Healthcare...

88% of Healthcare Facilities Employed Locum Tenens Providers

by Victoria Bailey

The majority of healthcare facilities used locum tenens providers to help maintain care delivery amid staffing shortages, according to a survey from AMN Healthcare. Locum tenens physicians are...

Hospitals, Health Systems Added 16.3K New Jobs in May 2022

by Victoria Bailey

Nearly all healthcare sectors saw employment increases in May 2022, including hospitals and health systems, which added 16,300 new jobs, according to data from the Bureau of Labor Statistics. Despite...

OR Healthcare Workers Seek Union Representation to Boost Provider Agency

by Victoria Bailey

Amid financial crises and management choices that do not include healthcare worker input, the Central Oregon Providers Network (COPN) has filed for union representation, according to a press release...

FTC Aims to Block Proposed Hospital Merger Between Utah Facilities

by Victoria Bailey

The Federal Trade Commission (FTC) has authorized a lawsuit to block the proposed hospital merger between HCA Healthcare and Steward Health Care System, alleging that the transaction would increase...

Low Revenue, Patient Volumes Led Hospital Finances to Regress

by Victoria Bailey

After experiencing some early signs of relief in March, hospital finances regressed in April 2022, with facilities seeing significant decreases in revenue and patient volumes, Kaufman Hall’s...

AHA Calls for Oversight of Pharmacy Benefit Manager Practices

by Victoria Bailey

The American Hospital Association (AHA) has urged the Federal Trade Commission (FTC) to increase its surveillance of commercial health plan and pharmacy benefit manager (PBM) practices that steer...

MGMA Requests Updates to Independent Dispute Resolution Portal

by Victoria Bailey

The Medical Group Management Association (MGMA) has asked CMS to update the federal independent dispute resolution (IDR) portal to streamline the arbitration process for determining an out-of-network...

COVID-19 Federal Relief Funds Helped Offset Hospital Financial Losses

by Victoria Bailey

Despite declining operating margins, overall hospital profit margins remained stable in 2020, suggesting that federal relief funds helped offset financial losses for hospitals during the COVID-19...

Hospital Groups Ask HHS to Expand COVID-19 Public Health Emergency

by Victoria Bailey

Twelve hospital groups, including the American Hospital Association (AHA), have urged HHS to extend the COVID-19 public health emergency (PHE) an additional 90 days past the current July expiration...

Ambulatory Care, Hospital Employment Grew During April 2022

by Victoria Bailey

The healthcare industry added 34,000 jobs in April 2022, with ambulatory care, nursing and residential care facility, and hospital employment all seeing growth, according to a report from the Bureau of...

How Healthcare Mergers, Acquisitions Impact Practice Management

by Victoria Bailey

Healthcare mergers and acquisitions further industry consolidation by combining two or more healthcare companies, hospitals, or physician practices. Typically, merging entities aim to lower healthcare costs and improve quality of care...

Rural Hospitals Facing Risk of Closure Due to Financial Stress

by Victoria Bailey

The COVID-19 pandemic has led to significant financial stress for rural hospitals, with 441 facilities facing financial risk factors putting them at risk of closure, according to a report from the...

Outpatient Volumes Led to Better Physician, Hospital Revenues in March

by Victoria Bailey

Following a rocky financial start to 2022, hospitals saw some early signs of relief in March, with higher revenues and outpatient volumes plus lower expenses, according to Kaufman Hall’s National...

Colorado Bill Aims to Limit Debt Collections, Boost Price Transparency

by Victoria Bailey

The Colorado House has passed a bill that seeks to prohibit hospitals from pursuing debt collections against patients if the health system does not comply with the CMS hospital price transparency...

Revenue Cycle Leaders Experience Price Transparency Rule Burden

by Victoria Bailey

The majority of revenue cycle leaders were dissatisfied with aspects of the CMS hospital price transparency rule and expressed doubt about the regulation’s efficacy, according to a KLAS report...

Large Hospitals with Low Profits Saw More Ownership Changes

by Victoria Bailey

Medium and large hospitals with low profit margins were more likely to experience ownership changes between 2016 and 2021 compared to their smaller and more profitable counterparts, according to a new...

Nonprofit Hospitals Saw High Tax Breaks, Low Charity Care Spending

by Victoria Bailey

Most nonprofit hospital systems spent less on charity care and community investments than they received in tax breaks, with total fair share deficits amounting to $18.4 billion in fiscal year 2019,...