Month: December 2020

Dive Brief: The already bleak financial situation for U.S. hospitals isn’t improving, with margins down month over month and volumes and revenues continuing to fall across most metrics, according to Kaufman Hall’s latest monthly flash report. Expenses also remained high compared to last year and above budget. Inpatient admissions were the only metric to rise,
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Dive Brief: Oscar Health is preparing to go public and filed draft registration with the Securities and Exchange Commission, the startup insurer announced Monday. The submission was confidential, Oscar said in a statement. The price range and size of the proposed initial public offering has yet to be decided, the company said. The SEC will
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GE Healthcare, Medtronic and Philips are among the big medtechs investing in artificial intelligence and machine learning, technologies they contend hold potential for better diagnosing, managing and treating a wide variety of diseases and health conditions. While medtechs are only starting out on their AI/ML efforts, they are developing, acquiring and implementing these technological capabilities,
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Dive Brief: Year-end legislation bipartisan leaders finalized late Sunday includes a long-awaited ban on surprise medical bills, along with $900 billion in new COVID-19 relief, according to top Democrats House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. The sweeping package comes less than a week after leaders of major House and Senate committees
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Dive Brief: Safety net hospitals throughout the United States have been especially stressed from the COVID-19 pandemic, with huge drops in admissions that have directly impacted their finances, according to a new analysis of several such institutions by the Robert Wood Johnson Foundation and the Urban Institute. The five hospitals examined were Erie County Medical
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Dive Brief: Union nurses and HCA Healthcare reached a tentative contract agreement that members at three Southern California hospitals will vote on Tuesday and Wednesday, effectively averting a 10-day strike planned to start Christmas Eve. The new contract includes greater transparency and communication on emergency preparedness plans from the hospitals to employees and guarantees the
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In an article published last week in JAMA, Jonathan Perlin M.D., president, clinical operations, and chief medical officer, HCA Healthcare, discusses how with the COVID-19 pandemic, “the less appreciated ravage has been excess morbidity and mortality from patients who have forgone essential care due to patient fears of contracting COVID-19 in health care settings and to
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Centers for Medicare & Medicaid Services yesterday released updated guidance for states and territories on Medicaid, Children’s Health Insurance Program and Basic Health Program coverage and reimbursement for COVID-19 vaccinations. The updates include additional information on vaccine administration reimbursement, including a streamlined review process for states to adjust reimbursement rates; and further clarification regarding managed
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The Centers for Medicare & Medicaid Services has extended to Feb. 1 at 8 p.m. ET the deadline for clinicians participating in the Merit-based Incentive Payment System to apply for an extreme and uncontrollable circumstances exception to reweight the MIPS performance categories. “If you have any concerns about the effect of the COVID-19 public health emergency
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