Capital Finance
It has been nearly 15 years since the Centers for Medicare & Medicaid Services (CMS) iced a controversial rule requiring home health agencies (HHAs) to obtain surety bonds, but a new report by the Office of Inspector General has raised the issue again.
WellPoint Inc. on Wednesday reported net third quarter income of $691.2 million -- $2.15 per share -- an increase compared with same period last year, when it reported net income of $683.2 million, or $1.90 per share. The third quarter increase marks the first time since the first quarter of 2011 the company has produced a quarterly earnings increase.
A study published last week by The Commonwealth Fund found that hospital sustainability efforts could save the healthcare industry up to $5.4 billion over five years and $15 billion over 10 years.
In a change of course that left a city and its healthcare community stunned, West Penn Allegheny Health System in late September announced it would look for a new buyer for the financially strapped health system saying insurer Highmark had breached its 2011 agreement to acquire it for $475 million.
Humana Inc.'s third quarter earnings call was filled with more than just financial results Monday, as it also announced the acquisition of three companies as the company looks to continue building its clinical delivery infrastructure.
According to a new report from the National Association of Public Hospitals and Health Systems (NAPH), hospitals could possibly face a $53.3 billion increase in uncompensated care costs by 2019 if states forgo expanding their Medicaid programs as part of the Affordable Care Act (ACA).
Just days after West Penn Allegheny Health System released its fiscal year 2012 annual report that showed operating losses of more than $112 million, interim CEO Keith Ghezzi, MD, took to the witness stand yesterday to defend the health system's decision to declare a breach in its $475 million affiliation agreement with insurer Highmark Inc.
Two of Michigan's largest hospital groups -- Henry Ford Health System and Beaumont Health System -- announced on Wednesday plans to combine into a new $6.4 billion organization.
On the strength of membership growth, and revenue generated in the Medicare Advantage and Part D segments via its acquisition of HealthSpring, Cigna today announced third quarter 2012 earnings that more than doubled its earnings from a year ago.
Eliminating surgical complications is something all hospitals strive towards, however, for some hospitals, savings gained by reducing or eliminating surgical complications can lead to reduced revenues.