Catholic Health System, a three-hospital group in Buffalo, N.Y., more than doubled its operating surplus for the nine-month period ended Sept. 30, compared with the same period last year.
The Cleveland Clinic more than doubled its third-quarter operating surplus year over year, but lower investment returns hurt its bottom line, the system reported Wednesday.
The Medicare Payment Advisory Commission is mulling trying to solve the conundrum posed by the widely panned “two-midnight rule” by eliminating the outpatient observation claims that gave rise to it.
Emergency departments are increasingly becoming overcrowded with more complex patients, putting greater pressure on staff to admit or discharge patients, with less time for clinical observation and decisionmaking.
Hospital Sisters Health System, a 13-hospital network headquartered in Springfield, Ill., barely kept its head above water in its most recent fiscal year as declining admissions and rising expenses ate away at revenue.
Every time I see a story about the issue of observation services I feel compelled to reply. Quite frankly, it is the existence of observation services that is actually the problem. Any solution has to include the elimination of observation.
The costly rollout of an electronic health-record system and a decline in inpatient services used led Wake Forest Baptist Medical Center, Winston-Salem, N.C., to record its second straight annual eight-figure loss.
A focus on cost-cutting efforts helped mark a significant year-over-year improvement in Cone Health's fiscal third-quarter operating margin and net surplus.
The heavily criticized Medicare two-midnight rule involving short inpatient stays has technically been in effect for the past year. But providers, regulators and healthcare observers are not sure the rule will hold up in its current makeshift form.
The Cleveland Clinic Health System reported its operating margin declined in the second quarter of this year as it faced lower patient volume and higher expenses, particularly from rising pharmaceutical, salary and benefit costs.
Faced with withering criticism, CMS officials are asking for ideas on how to design a new payment system for treating Medicare patients who need only a day or so in the hospital.
Finding a permanent fix to the Medicare payment formula for doctors remains a top priority for House Republicans, according to Rep. Kevin Brady (R-Texas), who chairs a key health committee.