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States levy taxes on hospitals to cover Medicaid expansion costs

By Virgil Dickson  |  October 21, 2016

Starting next year, eight of the 32 states that have expanded Medicaid plan to use provider taxes or fees to fund all or part of the states' share of the cost of Medicaid expansion. The federal match begins to drop next year.

CHS sells four rural hospitals in debt-reduction effort

CHS sells four rural hospitals in debt-reduction effort

By Dave Barkholz  |  September 29, 2016

Not-for-profit Curae Health is buying four CHS hospitals: Merit Health Gilmore Memorial in Amory, Miss., Merit Health Batesville in Miss., Merit Health Northwest Mississippi in Clarksdale, and Highlands Regional Medical Center in Sebring, Fla.

Not-for-profit systems still working on community outreach

Not-for-profit systems still working on community outreach

By Steven Ross Johnson  |  September 24, 2016

Expectations that the ACA-driven reduction in charitable care would force the nation's largest not-for-profit healthcare systems to step up their investment in community-based prevention programs have yet to be fulfilled.

Wells Fargo scandal raises heat for Dignity Health CEO, other board members

Wells Fargo scandal raises heat for Dignity Health CEO, other board members

By Bob Herman  |  September 20, 2016

Senators castigated Wells Fargo & Co. CEO John Stumpf on Tuesday about the banking giant's customer account scandal. Questions were raised about the Wells Fargo board—which includes Dignity Health CEO Lloyd Dean—and whether it would take further action against top executives.

Ascension's giant footprint continues to expand

By Bob Herman  |  September 17, 2016

The system's $753 million operating surplus came from $21.9 billion in revenue in its most recent fiscal year, which ended June 30, resulting in a 3.4% operating margin, according to Ascension's financial documents filed with bondholders last week. The operating margin was almost identical to what...

Mercy Health's surplus wanes in aftermath of health insurance exit

By Bob Herman  |  August 23, 2016

The operating margin at Mercy Health, the largest health system in Ohio, fell to a slim 0.9% in the first half of this year. Higher labor expenses and the residual effects from a divested insurer hurt the not-for-profit Mercy.

Injured CFO of Integris won't be coming back

By Bob Herman  |  August 23, 2016

David Hadley, the chief financial officer of Integris Health, will not return to the Oklahoma City-based hospital system after suffering an undisclosed injury.

CMS updates rule allowing claims data to be sold

CMS updates rule allowing claims data to be sold

By Joseph Conn and Adam Rubenfire  |  July 01, 2016

Data mining of patient medical records kept by the federal government will get a boost by the CMS, following the release of finalized changes to the so-called Qualified Entity Program.

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