Weak admissions and a deteriorating payer mix will mark the rest of 2017 after they conspired to ruin the second-quarter earnings season for hospital stocks.
The Illinois Nurses Association, a union created by nurse practitioners, will be the first nurses' union recognized by the state's largest hospital network.
The CMS has consistently penalized roughly 75% of hospitals for excessive readmissions since the Hospital Readmissions Reduction Program began in 2012. The stagnant numbers have policy experts and hospitals wondering if the CMS should move on from the effort.
After losing $70 million in the second quarter of 2017, NantHealth is now laying off about a third of its employees.
The economic term for what's happening in retailing is disintermediation—the removal of middlemen from a supply chain or a series of transactions.
Patients avoiding elective surgeries and other procedures because of skyrocketing out-of-pocket costs were cited by hospital chains as a primary cause of softening hospital volumes in the second quarter.
Although 72% of Americans in a poll said price shopping for healthcare is important, only 13% had inquired about their expected spending before receiving care and just 3% had compared costs across providers before receiving care.
Deloitte recently surveyed 20 CEOs from largehealth systems across the country to uncover what's top of mind and how they are moving forward in an uncertain—and sometimes challenging—market.
Presence Health, the largest Catholic health system in Illinois, is selling two downstate hospitals to OSF HealthCare. The move comes as the 12-hospital system works to turn around its finances by shedding workers and naming new leadership.
Under the deal, Envision's American Medical Response will be combined with KKR's Air Medical Group Holdings to create a medical transportation behemoth serving more than 5 million patients annually across 46 states and the District of Columbia.
Tenet Healthcare, the nation's third-largest investor-owned hospital chain, wants to offload facilities that don't fit its long-term strategy so it can focus on its primary markets where it is first or second in market share.
Following divestiture of three hospitals, IU Health's operating income tumbled 46% in the second quarter as revenue fell but expenses rose.