Half of hospitals spend just 1.4% of expenses on charity care, KFF finds
The new analysis found wide variations in charity care. At 8% of hospitals, it made up 0.1% or less of operating expenses.
Hospitals expected to end year with negative margins, report finds
Nine straight months of negative margins could lead to “one of the worst financial years for hospitals” in 2022, a new report out from Kaufman Hall said.
COVID-19 telehealth diagnoses fell in August
There was no change in telehealth use in the Midwest and Northeast in August, but utilization rose 4.7% in the South and fell 1.4% in the West.
Capitated revenue now makes up outsized share of One Medical’s net revenue
One year after its Iora acquisition, revenue from capitated contracts represents half of One Medical’s net revenue even though the provider’s at-risk members comprise just 5% of total membership.
Cigna faces questions about M&A strategy amid ‘arms race’ for deals
One analyst asked whether not pursuing deals will pose a disadvantage in future years. CEO David Cordani said he is open to M&A but does not think acquisitions are a “silver bullet.”
As travel time to abortion clinics skyrockets post-Dobbs, patients turn to telemedicine for abortion pills
Orders for abortion pills to telemedicine nonprofit Aid Access have increased in states that have restricted the procedure, according to a research letter, with states with total or near-total bans on abortion seeing the biggest surges.
CommonSpirit taps new CIO with military background after cyberattack
NewYork-Presbyterian’s Daniel Barchi will take the new position starting Monday.
CMS to ease Medicare ACOs into risk models in bid to boost participation
Beginning in January 2024, ACOs that don’t have experience with performance-based risk will be able to stay in a one-sided risk arrangement for up to seven years before transitioning to two-sided risk.
Humana expects Medicare Advantage enrollment to grow almost 9% in 2023
Executives said better benefits are attracting more members. For certain plans, Humana members have an allowance for healthy foods, over the counter items, transportation, health supplies, rent and utilities.
CMS finalizes requirements for rural emergency hospital designation
The conditions of participation include maintaining an average length of stay of no more than 24 hours and having emergency care available 24 hours a day, seven days a week.