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For-profit hospital chains benefit financially from ACA
By Beth Kutscher | October 09, 2014 | Basic Web Basic Web Subscription Details
Insurance expansion provisions of the Patient Protection and Affordable Care Act are having a positive effect on for-profit hospital chains, Fitch Ratings said in a report Thursday. For-profit hospital chain payer mix has improved, bad debt has declined and operating margins are edging up, it...
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News
LifePoint to enter Wisconsin with new joint venture
By Bob Herman | October 03, 2014 | Basic Web Basic Web Subscription Details
LifePoint Hospitals plans to create a joint venture with Watertown (Wis.) Regional Medical Center, marking the investor-owned company's first hospital partnership in Wisconsin.
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News
Hospitals' uncompensated care will drop $5.7 billion this year: HHS
Virgil Dickson | September 24, 2014 | Basic Web Basic Web Subscription Details
The Obama administration has a new projection of the benefit hospitals will enjoy this year as they provide less care that no one pays for: $5.7 billion. Hospitals in states that expanded Medicaid are getting most of it.
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News
HCA to close Florida hospital as inpatient volumes dwindle
Bob Herman | September 24, 2014 | Basic Web Basic Web Subscription Details
For-profit hospital giant HCA said Tuesday it will close one of its hospitals in Florida because of excess inpatient capacity in the region—a sign that healthcare reform continues to push patient volumes away from inpatient hospital settings and toward lower-cost outpatient facilities.
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News
Ochsner to buy hospital from LifePoint, end inpatient services
Bob Herman | September 10, 2014 | Basic Web Basic Web Subscription Details
New Orleans-based Ochsner Health System has agreed to acquire River Parishes Hospital from for-profit hospital company LifePoint Hospitals. Ochsner will operate the 106-bed hospital as an outpatient facility.
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News
Former LifePoint exec Sherman named CFO of HMS
Bob Herman | September 09, 2014 | Basic Web Basic Web Subscription Details
HMS Holdings Corp., a major player in Medicare’s auditing space, has named Jeff Sherman CFO, effective Sept. 8.
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Vital Signs
In Medicaid-expansion states, for-profit chains see rise in admissions, drop in unpaid care
Virgil Dickson | September 03, 2014
Major investor-owned medical systems in states that expanded Medicaid eligibility have seen Medicaid admissions rise between 10.4% and 32% since the start of the year, according to an analysis by PricewaterhouseCoopers.
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News
Duke LifePoint finalizes agreement to acquire Conemaugh
Beth Kutscher | August 21, 2014 | Basic Web Basic Web Subscription Details
Duke LifePoint has finalized the terms of a deal that will allow it to expand into Pennsylvania, its first market in the mid-Atlantic region.
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News
Duke LifePoint cinches two more deals in North Carolina
Beth Kutscher | August 01, 2014 | Basic Web Basic Web Subscription Details
Duke LifePoint finalized two more acquisitions in its home state of North Carolina, where it already owns four hospitals.
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News
Obamacare coverage brings HCA more paying patients
Beth Kutscher | July 29, 2014 | Basic Web Basic Web Subscription Details
HCA, the largest publicly traded hospital chain by revenue, reported a 14.2% increase in second-quarter net income as it treated more patients and improved its payer mix thanks to insurance expansion under the healthcare reform law.
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