The board of the largest Catholic health system in the country unanimously endorsed Ascension's new "advanced strategic direction," Ascension president and CEO Anthony Tersigni told his employees in a video obtained by Modern Healthcare.
Hospitalizations cause only about 4% of personal bankruptcies among non-elderly U.S. adults, according to an analysis published Wednesday in the New England Journal of Medicine.
New accounting guidance changes the way hospitals report bad debt, which complicates community benefit reporting by not-for-profit health systems.
Efforts to reduce hospitalizations among Medicare beneficiaries have sparked a steady decline in admissions over the past several years and have also hit the bottom lines of many skilled-nursing facilities.
As not-for-profit health systems merge and acquire new hospitals, they're increasingly faced with the difficult question of how to raise money. Some argue it's best done as a single parent foundation, while others say fundraising is best done at the local level.
Healthcare made 18,500 new hires in February, marking the second consecutive month in which the sector saw declines in hiring.
Following a financial turnaround in its operations in 2017, Chicago-based Health Care Service Corp. is anxious to promote fresh ideas in containing patient-care costs. It will budget $1.5 billion over the next three years on affordability initatives.
Massachusetts' largest and highest-cost provider, Boston-based Partners HealthCare, spent 32% more per patient annually than its lowest-cost peer, Reliant Medical Group, according to a new report.
A Seattle TV station bought $1 million worth of medical debt that belonged to people in its viewing area, and the station doesn't intend to collect.
Patients with treatment-resistant forms of depression are a major driver of healthcare costs, according to a new study, and researchers say that should encourage the industry to develop new therapies.
Edward-Elmhurst Health in west-suburban Chicago overestimated by $92 million how much patients and insurers owed the health system.
Some patients who overdose are revived quickly with a reversal drug like naloxone. But depending on how fast they reach the hospital, and what kind of opioid they took, others may be put on a ventilator. They can wind up in the hospital for days, perhaps weeks.