Accounting & Financial Management
CMS finalized the update to the IRF PPS payment rates by 3%, based on the final IRF market basket update of 3.5%.
CEO Jim Rechtin said a "challenging external environment" is preventing the company from reaching its full potential.
The median, year-to-date health system operating margin held steady at 2.3% for a second consecutive month in June.
If the subsidies expire, the Congressional Budget Office expects ACA Marketplace enrollment to drop sharply.
Profit and revenue have increased since the company posted $1.05B in profit and $37.6B in revenue in Q2 2023.
Hospitals are focusing on rebuilding cash reserves by cutting costs and boosting revenue through service line management.
Due to the strong performance, the company is forecasting 2024 EPS guidance of $21.60 to $22.80 per share, both improvements.
The plaintiffs claim that Change failed to implement cybersecurity safeguards such as multifactor authentication.
This near-record trend is driven by inflationary pressure, prescription drug spending and behavioral health utilization, the report claims.