Budgeting
Federal pandemic funding to the health sector was $174.6 billion in 2020, but just $2 billion in 2022, report says.
The organization attributes these results to the positive performance of its insurance businesses.
CMO Kevin Ban and Chief of Staff to the CEO Luke Sauter are reportedly leaving the company.
The bottom line is hospitals' operating cash flows and margins will improve and revenue growth will slightly top expenses.
For price transparency, CMS is requiring hospitals to display their standard charge information by conforming to a CMS template layout.
The organization also logged strong operating income, which was $156 million for the third quarter, compared to a $75M operating loss last year.
The company cites clinical expertise and service capabilities across the company, boosted by "disciplined execution."
CMS had originally proposed a 2.2% decrease to account for the permanent behavior assumption adjustment.
A number of factors contributed to the company's financial performance, including the August launch of Cordavis and its MA offerings.
CMS is expected to issue a final rule after the comment period ends on November 6.