Capital Finance
In a change of course that left a city and its healthcare community stunned, West Penn Allegheny Health System in late September announced it would look for a new buyer for the financially strapped health system saying insurer Highmark had breached its 2011 agreement to acquire it for $475 million.
Humana Inc.'s third quarter earnings call was filled with more than just financial results Monday, as it also announced the acquisition of three companies as the company looks to continue building its clinical delivery infrastructure.
According to a new report from the National Association of Public Hospitals and Health Systems (NAPH), hospitals could possibly face a $53.3 billion increase in uncompensated care costs by 2019 if states forgo expanding their Medicaid programs as part of the Affordable Care Act (ACA).
Just days after West Penn Allegheny Health System released its fiscal year 2012 annual report that showed operating losses of more than $112 million, interim CEO Keith Ghezzi, MD, took to the witness stand yesterday to defend the health system's decision to declare a breach in its $475 million affiliation agreement with insurer Highmark Inc.
Two of Michigan's largest hospital groups -- Henry Ford Health System and Beaumont Health System -- announced on Wednesday plans to combine into a new $6.4 billion organization.
On the strength of membership growth, and revenue generated in the Medicare Advantage and Part D segments via its acquisition of HealthSpring, Cigna today announced third quarter 2012 earnings that more than doubled its earnings from a year ago.
Eliminating surgical complications is something all hospitals strive towards, however, for some hospitals, savings gained by reducing or eliminating surgical complications can lead to reduced revenues.
When it comes to making difficult financial decisions at hospitals, it's crucial to maintain transparent communications with employees and the community. How one small hospital weathered a financial crisis was the focus of a presentation Oct. 26 at a hospital best practices workshop presented by the Maine chapter of the Healthcare Financial Management Association in Auburn, Maine.
The number of merger and acquisition transactions in the healthcare industry declined by nearly 10 percent in the third quarter of 2012 compared with the third quarter of 2011, according to a recent report from research and publishing firm Irving Levin Associates. Industry experts, however, do not believe it is a cause for major concern.
A new report finds that the uncertainty caused by a congressional history of last-minute reprieves from Medicare sustainable growth rate (SGR) payment cuts has held back physician practices from participating in new Medicare payment and delivery models.