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Many hospitals still aren’t complying with price transparency rule: OIG
In a sample of 100 hospitals, 34 didn’t meet requirements for publishing machine-readable files of their charges while 14 didn’t follow rules to post shoppable services.
Pharmacy costs, high utilization drive Kaiser to $608M operating loss in Q3
Kaiser said it would institute cost-cutting measures in response to the lackluster financial results, but didn’t detail specifics.
Baxter to restart second IV fluid production line at hurricane-damaged site
However, CEO Joe Almeida stressed that the earliest that new products could start to ship from the plant is late November.
CHS to sell Mississippi hospital
Community Health Systems aims to net $1 billion or more in total proceeds from hospital sales.
General Catalyst’s HATCo to acquire Summa Health for $485 million
The deal, along with the Ohio-based health system’s current cash, would eliminate nearly all of Summa’s debt.
Cigna confirms it is not pursuing Humana acquisition
The flat-out denial comes after Cigna CEO David Cordani tried to throw cold water on persistent speculation of a Humana merger earlier this fall.
Private equity dealmaking in healthcare services falls again in Q3: PitchBook
Still, PitchBook analysts said the PE market is poised for a turnaround.
MedPAC backs tying physician pay to inflation, but ducks specifics
During a meeting Thursday, commissioners debated different solutions to lackluster physician pay with one theme in common: linking doctors’ annual payment update to the Medicare Economic Index.
Ascension Michigan settles multi-year dispute about employee vaccination policy
The health system will offer up to five weeks of back pay to staff that were denied religious exemptions for COVID-19 vaccine mandates.