Operations
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.
In the semi-annual ratings report, five individual hospitals went from F to A.
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.
The deal marks Harvard Pilgrim's third such contract aligning medication payments to real-world performance with patients.
AHIP CEO Matt Eyles says a proposed rule from the Centers for Medicare and Medicaid Services would result in more uninsured Americans and leave sicker, riskier patients in ACA marketplaces, ultimately driving healthcare costs higher.
Hospital is advising patients to monitor their explanation of benefits statements to keep an eye suspicious-looking activity.
Key stakeholders had a hearing in front of the Public Health Council earlier this month where councilors voted unanimously to approve the deal.