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News
Hospital Sisters Health System's operating margin sinks
By Bob Herman | October 28, 2014 | Basic Web Basic Web Subscription Details
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.
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Magazine
Medicare needs to end observation status for patients
Dr. Chris Edwards | September 06, 2014 | Print Magazine Print Magazine Subscription Details
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.
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News
Wake Forest Baptist posts $78.4M operating loss for fiscal 2014
Bob Herman | September 02, 2014 | Basic Web Basic Web Subscription Details
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.
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News
Cone Health boosts operating margin to 2.6% by cutting costs
Beth Kutscher | August 28, 2014 | Basic Web Basic Web Subscription Details
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.
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News
Hospitals hope for relief from two-midnight purgatory
Bob Herman | August 21, 2014 | Basic Web Basic Web Subscription Details
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.
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News
Cleveland Clinic sees lower margin and volume, higher expenses
Beth Kutscher | August 18, 2014 | Basic Web Basic Web Subscription Details
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.
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News
CMS considering alternatives to 'two-midnight' rule
Joe Carlson | May 20, 2014 | Basic Web Basic Web Subscription Details
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.
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News
Weather walloped CHS harder than its peers, execs say
Beth Kutscher | May 07, 2014 | Basic Web Basic Web Subscription Details
Severe winter weather hurt Community Health Systems' admissions more than its peers, as a greater number of its hospitals are located in the hardest-hit states, company officials said in an earnings call.
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News
Doc fix, two-midnight rule remain high priorities for Congress, lawmaker tells AHA
Paul Demko | May 06, 2014 | Basic Web Basic Web Subscription Details
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.
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News
Proposed Medicare rule would mean less money for many hospitals
Paul Demko | April 30, 2014 | Basic Web Basic Web Subscription Details
Medicare payments for inpatient treatment at acute-care hospitals will decrease by $241 million in fiscal 2015 under a proposed rule issued by the CMS on Wednesday. The proposed change would affect roughly 3,400 hospitals nationwide.
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