Two-thirds of the health systems analyzed in a new report saw operating income fall as revenue reduction outpaced cost-cutting. The largest for-profit systems experienced the steepest declines.
First-quarter results from the country's largest investor-owned chains—Tenet Healthcare Corp., HCA Healthcare, Community Health Systems, Universal Health Services and LifePoint Health—show they're finding success in squeezing more money out of each patient encounter.
Healthcare prices rose by just 1.1% year-over-year through September, representing the lowest price growth rate since December 2015.
The itemized price lists that hospitals set for procedures have increased healthcare costs across the board. More transparency and charge standardization would stabilize costs.
Sculley, 77, is the new chairman and chief marketing officer at Southborough, Mass.-based RxAdvance, a cloud-based pharmacy benefit manager launched this year.
While the change will save the federal government $9.3 billion over 10 years, healthcare lawyers say the new payment environment sets hospitals up for a tough battle with commercial payers as they try to cover their costs and bring care closer to patients.
The share price of Adeptus Health crashed 68% Wednesday after the operator of free-standing emergency departments posted a surprise $14.5 million loss from operations in the third quarter and took emergency measures to avoid a cash crunch.
The CMS has awarded five new contracts for Medicare's controversial recovery audit contractor program. Veteran contractor CGI Group will not return.
In a preview of results to be announced Nov. 1, Community Health Systems reported a loss from continuing operations of $83 million.
The debates are over, but let's not pick on the candidates. Let's take a closer look at the nonsense spouted by Fox News moderator Chris Wallace on the state of our “entitlements.”
The Texas Medical Board last week withdrew its appeal against Teladoc's lawsuit that alleges the state's telemedicine rules violate federal antitrust laws, sending the dispute back to a federal trial court.
Nashville-based Ardent Health Services and Plano, Texas-based LHP Hospital Group last week announced they will merge into what would be the second-largest privately owned, for-profit hospital system in the country by revenue. The combined system would have 19 hospitals in six states and $3 billion...