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Large hospital systems’ investments rebounded heavily in the final quarter of 2022, according to a new STAT analysis of financial filings. STAT analyzed the financial documents of 37 tax-exempt, not-for-profit health systems covering the last three months of 2022.
The prices charged by hospitals are exorbitant and rising. trillion in 2022 , finding ways to cut costs has become increasingly urgent. . $21,500 for ten stitches. Private health insurance premiums paid by working age adults are rising rapidly. health care spending reaching $4.5
Federal rules forcing hospitals and insurers to post rates for medical procedures have taken effect, but the data’s so messy that a crop of new startups is rushing in to make a business out of parsing it for whoever is willing to pay. Continue to STAT+ to read the full story…
When children’s hospitals around the country were subject to threats and harassment in 2022 over misconceptions about gender-affirming care services, many of them responded by stripping information about the care from their websites.
The federal government is suing to block a proposed hospital deal in North Carolina, alleging it would hand control of over 65% of the inpatient market in the region to a single provider. billion in 2022 revenue, plans to buy two hospitals in the same county from the for-profit chain Community Health Systems for $320 million.
SAN FRANCISCO — Rising labor costs have been the main financial concern for hospitals over the past year, but those costs have peaked and are now a lot lower, according to hospital system executives who presented during the J.P. Morgan Healthcare Conference. Continue to STAT+ to read the full story…
Children’s hospitals were spared from the worst ravages of the pandemic, putting them in a much stronger financial position than their acute-care peers. The result, according to a new Fitch report , is children’s hospitals have more cash and stronger margins than larger hospitals.
For almost three years, hospitals and health insurers have been riding the waves of the Covid-19 pandemic. As a result, Medicaid enrollment soared more than 30% from December 2019 to August 2022 , reaching 83.5 Even though they can better predict what lies ahead in 2023, there remain several big unknowns. million people.
Hospitals are frustrated with a nationwide nursing shortage that’s only gotten worse since the pandemic. In 2022, the American Hospital Association quoted an estimate that half a million nurses would leave the field by the end of that year, bringing the total shortage to 1.1
recently recalled a slew of injectable medicines used by hospitals over concerns about possible side effects and a newly released regulatory report underscores the extent of the problem. One of the largest compound pharmacy operations in the U.S. facility run by Central Admixture Pharmacy Services.
SAN FRANCISCO — More than a dozen of the country’s large not-for-profit hospital systems descended on this year’s J.P. “Growth is really important to us,” said Rob McMurray, CFO of ChristianaCare, a hospital system headquartered in Delaware that has $2.6
The country’s biggest hospital chain, HCA Healthcare , told the Centers for Medicare and Medicaid Services it doled out almost $1 billion more in financial assistance to needy patients than it reported on its financial statement in 2022, helping the enormously profitable company extract billions of dollars from taxpayer-funded programs.
Sixty years after Harvard fired Timothy Leary over his experiments with psychedelic drugs, a hospital affiliated with the university has reopened the door on such research by testing whether hallucinogenic mushrooms can help dying patients face death.
A Tennessee judge convicted Vaught of two felonies in 2022, and the controversial case became a rallying cry for nurses who warned it would discourage clinicians from admitting mistakes. Among them: a missing drug order, a faulty medication dispenser, and a hurricane that hampered the drug supply.
So after Cohen died in 2022 of complications from Covid-19 at a hospital near his suburban Washington, D.C., It was no problem for the physician to pause a Sunday morning walk with his wife to weigh in on test results, respond to a 5:50 a.m.
The 2022 American College of Cardiology (ACC) pathway provides timely guidance [1]. Applying the 2022 ACC guideline Before delving into the specifics of the hs-cTn pathways, start with the ECG. The ACC 2022 pathway has a section dedicated to ECGs in ischemia [1], and FOAMcast has a great visual summary.
UnitedHealth Group, Humana, and CVS Health targeted denials among older adults who were requesting care in nursing homes, inpatient rehab hospitals, and long-term hospitals.
In 2022, the Mayo Clinic signed a five-year partnership with the dairy checkoff, a program overseen by the U.S. But a partnership between the dairy industry and the Mayo Clinic, one of the top-ranked health systems in the U.S., is drawing criticism for its potential to undermine the Minnesota powerhouse’s credibility.
Hospitals and clinics are expecting a slightly better 2024 compared to last year thanks to a return to mostly in-person care, patients resuming preventive visits and the gradual easing of labor costs and shortages. Continue to STAT+ to read the full story…
In 2022, a U.S. The long-running federal lawsuit was settled on the eve of trial on Sunday. It would have been the second time the case, Sidibe v. Sutter Health, was tried before a jury. appeals court determined that a judge’s error caused the jury to miss out on crucial details and overturned Sutter’s win.
That means four additional patients have developed blood cancers since June 2022, when concerns about three cancer cases prompted the Food and Drug Administration to hold a hearing of outside advisers before approving the treatment, marketed as Skysona. “But I think that that is not a practical likelihood.”
This year, STAT deepened its footholds in a number of coverage areas, from hospitals and insurance to reproductive health to health tech. Our staff also looked with admiration — and some envy — to many other journalists doing great reporting in these spaces.
In December 2022, on the day Fanale retired as president and CEO of Care New England , he shared his diagnosis with a Globe reporter but requested it be kept private. “Many times, I wanted to say ‘Listen buddy, you don’t know what I’ve got in me,’” Fanale recalled recently with a chuckle.
Credit analysts have warned this would happen since mid-2022, but some not-for-profit hospitals are just now calculating breaches along with their 2022 financial losses.
When Sutter Health was on trial for anticompetitive conduct in 2022, the San Francisco jury missed out on some crucial details. They didn’t hear, for example, how its former finance chief said the system would make an extra $200 million per year by making insurers contract with all of its hospitals instead of just a few.
Food and Drug Administration’s oversight of clinical research in hospitals and clinics has fallen considerably in recent years, due to disruptions caused by the Covid pandemic and challenges finding and keeping investigators, according to a new report by the U.S. Government Accountability Office.
The failure of Geisinger Health System, which lost $842 million in 2022 and disappeared into a new Kaiser subsidiary called Risant, sent shockwaves through the health care community in the spring of 2023. Founded in 1919, Geisinger was in the vanguard of the so-called “value-based care” movement.
health care system is facing a new and costly threat that will affect patient care and ultimately may lead to hospital closures : paying for and processing a torrent of medical record requests. The already beleaguered U.S.
Oliver McGowan was 18 years old when he was hospitalized in England with recurrent seizures and pneumonia. In 2022, the U.K. He was autistic, and he and his parents had one specific request for the medical team: no antipsychotic medications. Despite the family’s vehement protests, doctors gave him an antipsychotic.
21 , hospitals, pharmacies, and other health care providers have had varying degrees of difficulty getting paid for their services, with some racking up significant claims backlogs. Its claims network and software will take longer. Since the company announced the attack on Feb. Continue to STAT+ to read the full story…
The number of people in the United States hospitalized with Covid-19 is about to surpass the figure reached during this summer’s spike, federal data show , as a confluence of factors — from the continued evolution of the coronavirus to holiday gatherings — drives transmission. Read the rest…
Those findings led to the Georgia Supreme Court unanimously ruling in 2022 that a hearing should be held on Smith’s conviction. Ghatan identified that Chandler’s death was the result of hypoxic-ischemic brain damage from respiratory arrest by a natural disease process, likely the result of a seizure, not shaken baby syndrome.
In the early days of the Covid pandemic, gravely ill patients began to fill America’s hospitals. In a 2021 APC survey, more than 80 pharmacies nationwide reported they had provided compounded versions of those essential drugs to hospitals under the temporary guidance.
A House committee on Wednesday advanced legislation that would extend Medicare telehealth flexibilities and a home hospital program adopted during the pandemic, the final step before the bills face a vote by the full House of Representatives.
billion combined last year, compared with $4 billion in 2022. million in 2022. But the biggest names in health care still made $3.5 The average chief executive brought home $11 million, while the median was $4.1 Those figures compared to an average of $13 million and median of $4.3
In the fall of 2022, a tidal wave of respiratory viral illnesses sent children to emergency rooms in droves when enterovirus, respiratory syncytial virus (RSV), and influenza peaked in close succession, bombarding young children who had remained mostly unexposed to these viruses during the most acute years of the Covid pandemic.
billion in 2022, an 18% increase from the previous year, according to the U.S. Prescription medicines purchased in the U.S. under a controversial government discount program amounted to $53.7 Health Resources & Service Administration, which oversees the program.
In 2022, however, gears shifted. From late summer onward in the United States, hospitals have been packed with people sick with one respiratory illness or another. For the first two years of the Covid-19 pandemic, people working in the infectious diseases and global health spheres were largely focused on the new disease.
Researchers compared survey data from 2018 and 2022, finding that health workers experienced poorer mental health outcomes post-pandemic. Of those surveyed, 46% of health workers reported feeling burnout often or very often in 2022, compared to 32% in 2018. Read the rest…
“This integration […] is really something that’s never happened before,” said Lisa Simon, a dental-licensed physician at Brigham and Women’s Hospital and one of STAT’s 2022 Wunderkinds. Read the rest…
Highmark Health, a large regional health insurer that also owns a chain of hospitals, is now covering a handful of digital treatments for chronic pain and other conditions for millions of its patients. The move, which could provide a boost to digital therapeutics makers, may feel like déjà vu for close industry observers.
billion in revenue in 2024; whereas in 2022 (the latest years for which figures are available), some $2.58 Additionally, its estimated that in 2024 the average 340B hospital lost nearly $3 million to unlawful drug manufacturer pricing restrictions. Full pricing and patient-care control for 340B hospitals. And provider incomes.
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