Richard Pizzi
Universal Health Services, one of the nation's largest hospital companies, has reached an agreement to acquire behavioral health provider Psychiatric Solutions, Inc. in a deal worth approximately $3.1 billion.
CFOs in the healthcare industry are less optimistic about the state of the U.S economy and their own company's financial prospects than their counterparts in other industries, according to a new survey.
Employment in the U.S. healthcare sector increased by approximately 20,100 jobs in April, although the national unemployment rate increased slightly to 9.9 percent, according to the federal Bureau of Labor Statistics.
The Centers for Medicare & Medicaid Services has reduced to 12 months the deadline by which hospitals may submit Medicare fee-for-service claims, in line with a mandate in the new healthcare reform law.
The statewide total margin realized by Pennsylvania's 167 general acute care hospitals decreased by 2.62 percentage points in Fiscal Year 2009, falling from 4.70 percent in FY08 to 2.08 percent in FY09.
Long-term care leaders in Florida are warning that looming state Medicaid cuts of $199.5 million, in conjunction with federal Medicare cuts of nearly $27 billion, are leading to a "worsening cost squeeze" that risks patient care quality and the jobs of the key frontline caregivers.
Online advertised vacancies for healthcare practitioners, technical occupations and support personnel increased in April, according to a report released last week.
Mike Burke is the chief financial officer at NYU Langone Medical Center in New York City. He sat down with editor Richard Pizzi to discuss how the finance team at the medical center dealt with the recession.
The State of Alabama Medicaid Agency has intensified its payment accuracy efforts by embarking on a two-year effort to review claims and identify any funds owed to the state.
In testimony before the New Jersey Senate's Health and Human Services Committee this week, New Jersey Hospital Association president Betsy Ryan argued against imposing rigid nurse-to-patient staffing ratios on hospitals.