Practice Management News

Private Equity Acquisitions Did Not Impact Hospital Quality, Spending

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Private equity acquisitions of short-term acute care hospitals were generally not associated with any changes in patient outcomes or healthcare spending among Medicare beneficiaries, a study published...

Outpatient Volumes Led to Better Physician, Hospital Revenues in March

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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...

Catholic Orgs Agree to Merge, Form Integrated Healthcare Network

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Catholic organizations SSM Health and Saint Louis University have announced a merger agreement to create an integrated healthcare network and improve health outcomes and health equity for the St. Louis...

Financial Losses, Challenges Persist for Hospitals, Health Systems

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Hospitals and health systems have faced massive financial losses throughout the COVID-19 pandemic and continue to experience staffing shortages, rising expenses, and supply chain issues, a new report...

Medical Debt Challenges Common Among Consumer Complaints

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Americans continued to face medical debt challenges, with consumers reporting instances of debt collectors attempting to collect medical debt that was already paid or does not belong to them, according...

Trinity Health to Acquire MercyOne, Streamline Healthcare Access

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Trinity Health and CommonSpirit Health have signed an agreement for Trinity Health to fully acquire Iowa-based health system MercyOne, aiming to streamline healthcare access for Iowa residents and...

Physician Practice Acquisitions By Hospitals, Corporations Grew

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Physician practice acquisitions increased during the COVID-19 pandemic, resulting in nearly three-quarters of physicians being employed by hospitals, health systems, or other corporate entities,...

Revenue Cycle Leaders Experience Price Transparency Rule Burden

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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

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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...

Physician Compensation Varied by Gender, Race Despite Overall Raises

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Physician compensation increased in 2021, but gender and racial income gaps remained, with male and White physicians making more than women and physicians of color, according to Medscape’s 2022...

New Jersey Health Systems Terminate Hospital Merger Agreement

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New Jersey-based Hackensack Meridian Health and Englewood Health have terminated their hospital merger agreement after a federal appeals court blocked the deal from moving forward. In March 2022, the...

Community Health Centers Faced Hefty Workforce, Nursing Shortages

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Better financial opportunities and pandemic-related stress were driving factors behind workforce shortages at community health centers, with nursing shortages a top concern, a report from the National...

Nonprofit Hospitals Saw High Tax Breaks, Low Charity Care Spending

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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,...

Nonprofit Patient Revenue, Operating Expenses Rose Amid Delta Surge

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During the Delta variant wave in the third quarter of 2021, net patient revenue and total operating expenses for nonprofit hospitals were above pre-pandemic levels, while operating income dropped to...

Long-Term Care Workers Saw Continuously High Turnover Rates in 2021

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While most healthcare turnover rates appear to be back on track to return to pre-pandemic levels, certain personnel, including long-term care workers and health aides and assistants, saw high turnover...

AHA Asks Congress Again for More COVID-19 Financial Relief

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The American Hospital Association (AHA) has penned a letter to Congressional leaders, asking once again for additional COVID-19 financial relief for hospitals and health systems. The trade...

Healthcare Merger and Acquisition Activity Hit Record Low in Q1 2022

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Healthcare merger and acquisition activity hit a record low during the first quarter of 2022, with the industry seeing only 12 transactions totaling $2.95 billion, according to a report from Kaufman...

Top RCM Vendors for Revenue Integrity, Underpayment Services

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A new KLAS report highlighted the top-performing revenue cycle management vendors that provide revenue integrity and underpayment services to healthcare organizations. The report reflects data from...

Intermountain Healthcare, SCL Health Finalize Healthcare Merger

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Intermountain Healthcare and SCL Health have finalized their healthcare merger to create one of the largest nonprofit health systems in the country. The merged health system consists of 33...

Hospital, Health System Employment Grew by 5,100 in March 2022

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The healthcare industry added 8,300 jobs in March 2022, with hospital and health system employment growing by 5,100, according to a report from the Bureau of Labor Statistics. Last month was the...