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Expansion costs hurt HealthSouth's bottom line

By Beth Kutscher  |  October 28, 2014

HealthSouth Corp., the Birmingham, Ala.-based operator of inpatient rehabilitation hospitals, reported a 7.6% decrease in net income in the third quarter as it incurred startup costs associated with new facilities.

Illinois Blues delivers blow to small hospitals

Illinois Blues delivers blow to small hospitals

By Kristen Schorsch, Crain's Chicago Business  |  October 07, 2014

A recent decision by Blue Cross & Blue Shield of Illinois could make it more difficult for small hospitals to preserve their independence by affiliating—rather than merging—with larger healthcare systems.

More U.S. hospitals to receive 30-day readmission penalties

More U.S. hospitals to receive 30-day readmission penalties

By Sabriya Rice  |  October 02, 2014

A total of 2,610 hospitals in the U.S. will see their Medicare payments docked in fiscal 2015 for having excessive numbers of patients return to the hospital within 30 days of discharge. This is third year the CMS has instituted the penalties in an effort to promote better outcomes in the nation's...

Reform Update: Ascension Health bars Genentech sales reps from its hospitals

Reform Update: Ascension Health bars Genentech sales reps from its hospitals

By Bob Herman  |  October 02, 2014

Pharmaceutical giant Genentech has come under a maelstrom of criticism from hospitals for its decision to change its distribution methods for three widely used cancer drugs, and now the nation's largest not-for-profit health system is responding with a bold message.

Comments on RAC stats refreshing

October 02, 2014

Regarding “RACs' effectiveness exaggerated”: It is refreshing to see this rebuttal, calling CMS statistics out when they are so far from accurate.

RACs' effectiveness exaggerated

October 01, 2014

Regarding “RACs recouped $3B for Medicare in 2013”: I am a healthcare statistician who works very closely with pre- and post-audit compliance risk and mitigation issues. I would strongly disagree with the validity of the 18.1% reversal rate claimed by the recovery audit contractor trade...

Mentally ill shouldn't be treated in ERs: civil rights panel

Mentally ill shouldn't be treated in ERs: civil rights panel

By Steven Ross Johnson  |  September 30, 2014

Hospital emergency departments need to do more to identify and transfer mentally ill patients to appropriate facilities for care, a new government report says, but it falls short of recommending how healthcare providers can address a continuing shortage of available inpatient beds in mental health...

Walgreen posts 4Q loss on Alliance Boots charge

By Associated Press  |  September 30, 2014

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain's results still met Wall Street expectations.

More critical-access hospital closings likely

By Michael Sandler  |  September 30, 2014

Amid ongoing federal scrutiny of the extra funding paid small hospitals to serve remote areas, the number of critical-access hospitals in the U.S. continued to fall over the past year, according to Modern Healthcare magazine's annual review of CMS data published in this week's By the Numbers list.

RACs recouped $3B for Medicare in 2013

By Bob Herman  |  September 29, 2014

Medicare's recovery auditors returned more than $3 billion into the program's coffers last year, a new government report shows. And providers that appealed those audits won less than 1 in 5 tries. While the RAC trade group cheered the report, it isn't quelling provider criticism of the RAC program.

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