Hospital labor expenses up 37% from pre-pandemic levels in March
Hospitals spent nearly $5,500 in labor expenses per adjusted discharge in March compared to about $4,000 roughly three years ago, according to a report from Kaufman Hall.
Advocate Aurora, Atrium Health to merge, creating $27B system
The combination brings together two separate regional health systems, one with operations in the Midwest and the other with a four-state reach in the South.
Oscar Health withdraws from 2 states
The departures won’t have a material effect on the company’s income, and leaving Arkansas and Colorado should reduce the insurtech’s overhead in areas like compliance work and statutory reporting, executives said.
Intermountain names first chief equity officer
Tiffany Capeles’ “leadership and her strong record of achieving greater health equity have earned her the respect of our peers in healthcare along with well-deserved national acclaim,” Intermountain CEO Marc Harrison said.
Rising Google searches for certain procedures suggest recovering demand, analysts say
Searches for surgeries like orthopaedics, general surgery and cardiovascular procedures are above pre-pandemic levels, providing another data point to indicate that demand is recovering, according to a Needham report.
Amwell’s R&D costs skyrocket amid infrastructure bet with Converge platform
The vendor’s revenue grew 11% while expenses climbed 40% year over year, as Amwell invested heavily in research and development for its open architecture Converge platform.
Patient experience, safety worse during pandemic, Leapfrog says
Patients reported issues with hospital staff responsiveness and said their experiences with care transitions out of a hospital setting worsened considerably during the pandemic, according to the watchdog.
Telehealth use fell in February as omicron retreated
Mental health services captured a larger percentage of remote care and continued to be the top reason for online provider visits in February, according to data from Fair Health.
Investment losses, COVID-19 costs drive Kaiser to $961M net loss
That’s down from a net income of $2 billion at the same time last year.
Workers at Cedars-Sinai in Los Angeles begin 5-day strike
Contract negotiations started in March. Last month, 2,000 employees represented by the union voted to authorize a strike.