Outlook for nonprofit hospitals is ‘deteriorating,’ Fitch says
The ratings agency revised its sector outlook from neutral as hospitals are squeezed by pricier labor, more expensive supplies due to inflation and investment losses.
Payers, hospitals pleased as Biden signs sweeping health bill into law
The three-year continuation of enhanced subsidies for Affordable Care Act plans should help millions afford coverage and create some revenue stability for payers and hospitals in a tricky operational environment.
Hospitals seeing sicker patients after pandemic delays, AHA warns
Rising patient acuity is driving up costs for labor, drugs and supplies and straining hospital finances, the trade group said.
The promise of payer transparency
A new price transparency rule lends itself to creating a more equitable, cost-effective market for medical coverage, Clarify Health CEO Niall Brennan argues.
Philips CEO Frans van Houten to step down in October amid recall woes; Jakobs named successor
The leadership change comes amid the company’s ongoing recall problems, including being in negotiations on a consent decree with the U.S. Department of Justice.
Providence posts $424M operating loss on heels of restructuring plan
COVID-19 volumes receded and weren’t offset by a rebound in surgical levels, while the nonprofit had to rely more heavily on expensive agency staffing in the quarter.
Strikes among healthcare workers in 2022
On Monday, some 15,000 nurses at 15 hospitals across Minnesota voted to authorize a strike.
Pharma prepares to continue fight as drug pricing bill passes House
Analysts have highlighted ways in which drugmakers might seek to sidestep the law, which President Joe Biden is expected to sign Tuesday after it passed the House on Friday.
Cigna, Oscar to offer small business plans in Philadelphia
Insurtech Oscar is pushing further into the small employer market through its co-branding partnership with Cigna while it holds off on adding more full-service agreements.
Mass General Brigham posts $949M net loss, cites ‘unprecedented’ pressures
The Boston-based health system struggled with cost inflation, labor shortages and capacity constraints in its fiscal third quarter.