Business Intelligence
St. Clair Hospital in Pittsburgh and Experian Health, the healthcare-focused business branch of Experian, announced a new online cost transparency tool Monday called Patient Estimates that will make it easier for patients to get a clear picture of what their out-of-pocket financial obligations will be for services at the Hospital or it's outpatient centers.
Tenet Healthcare Corporation has offered to pay $238 million to resolve a False Claims Act lawsuit alleging that it received kickbacks for maternity referrals by four of its Georgia hospitals, the company revealed Monday in its fourth-quarter and full-year financial results reported to the Securities and Exchange Commission.
If a physicians' group, hospital or revenue cycle management company can prove that its paper-based billing method is faster and less expensive than a paperless alternative, Tom Furr has a $10,000 check with their name on it. That's the premise behind the "$10,000 Healthcare Billing Challenge" being held by PatientPay, of which Furr is CEO.
Florida insurance regulators have approved Aetna's acquisition of Humana's affiliates there, but with conditions, according to a consent order issued last week.
Prescription drug spending in the U.S. rose 12 percent in 2014, reaching nearly $300 billion, the latest issue of the Journal of Managed Care and Specialty Pharmacy showed.
Community Health Systems net operating revenue for 2015 jumped by more than 4 percent to $19.4 billion, an $800,000 million increase over the same period in 2014 when that year's net operating revenue totaled $18.6 billion, according to CHS's financial statement released on Feb. 15.
Health spending grew just 4.9 percent from December 2014 to December 2015, continuing a steady decline from a peak of 6.8 percent in February 2015, according to research and consulting group Altarum Institute. But for 2015 as a whole, health spending growth averaged 5.9 percent, the highest rate since 2007, the year preceding the recession.
Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries reported a $1.2 billion decrease in profit year over year, according to their 2015 annual and fourth quarter financial results.
West Coast retail clinic operator Zoom+ on Monday opened its 32nd facility, as the provider of on-demand healthcare continues to grow amid surging interest in retail healthcare.
As taxi companies like Uber and Lyft continue to pick up billions in funding, the surging interest in similar on-demand services is trickling over to healthcare startups.