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The Centers for Medicare and Medicaid Services effort to reduce regulatory burdens are being warmly received -- but the industry appears less excited about stipulations concerning price transparency and patient access to EHR data.
The new facility, part of a broader $600 million acquisition and renovation strategy, comes as other health networks are also making similar investments.
Hospitals are doing their part in cost control by streamlining care, cutting readmissions, adopting new reimbursement models so big pharma must shift focus off marketing and onto its own cost-cutting, the groups say.
Thomas Jefferson University Hospital has embarked on an initiative that is yielding insights that could prove valuable to any hospitals looking for ways to avoid federal reimbursement penalties from the Centers for Medicare and Medicaid Centers.
Administrator Seema Verma said changes to the program eliminate 25 measures and saves hospitals over 2 million hours of work and $75 million.
In the semi-annual ratings report, five individual hospitals went from F to A.
HELP Committee Chairman Lamar Alexander said he would ask Senate leaders to consider the bill this summer.
Chief financial officers and directors of care coordination are also earning higher salaries amid the industry's transition to new payment models, the American Medical Group Association says.
The acquisition of Medicaid insurance plan Fidelis in New York is moving forward.
The firm pointed to strain of expenses and stalled revenue growth as the core reasons.