article thumbnail

Opinion: Hospitals that make profits should pay taxes

STAT

hospitals pay nothing in federal taxes. The agency uses a vague “community benefit” standard to liberally grant tax-exempt status to so-called nonprofit hospitals even as many of them are financially taking advantage of sick Americans with inflated medical bills. Where’s the community benefit in that?

Hospitals 363
article thumbnail

STAT+: Complications spiked 25% in hospitals bought by private equity

STAT

Hospitals acquired by private equity saw a 25% uptick in adverse events compared with controls, according to a new study released today in the Journal of the American Medical Association. There’s ample evidence that private equity buyouts in health care drive up costs. A new study shows quality declines, too.

Hospitals 363
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

STAT+: UnitedHealth cyberattack cripples pharmacies’ and hospitals’ ability to process insurance claims

STAT

Hospitals, pharmacies, and other health care providers are getting stuck in an insurance processing logjam after UnitedHealth Group disclosed a cyberattack within a recently acquired subsidiary that serves as a central hub for payments across the industry.

Hospitals 354
article thumbnail

STAT+: Troubled for-profit chains are stealthily operating dozens of psychiatric hospitals under nonprofits’ names

STAT

The psychiatric hospital on the city’s east side may need to be shut down, he warned Ohio regulators. The officer, a 27-year veteran of the department, knew that sending the February letter was an unusual thing to do, but meetings with hospital leaders had gone nowhere, and he was at his wit’s end. It was a grisly list.

Hospitals 363
article thumbnail

STAT+: Ascension is racing to unload hospitals as execs work to stem losses

STAT

Louis-based health system through a period of explosive growth, adding hospital after hospital until it became one of the country’s biggest health systems. Ascension has lost almost $4 billion on operations from fiscal 2020 through fiscal 2023, triggering deals to offload almost 30 hospitals.

Hospitals 338
article thumbnail

Fauci recovering at home following hospitalization for West Nile virus infection

STAT

Anthony Fauci, former head of the National Institute of Allergy and Infectious Diseases, is recovering at home after being hospitalized for nearly a week for West Nile virus infection. Covid-19 response, spent six days in hospital as doctors tried to figure out what was responsible for his illness. Fauci, a leader of the U.S.

Hospitals 364
article thumbnail

STAT+: UnitedHealth and HCA clash over hospital chain’s rates in ‘battle of the giants’

STAT

Contract disputes between hospitals and health plans have become routine, but they tend to be local , affecting a handful of hospitals and the people in the surrounding communities. It involves the country’s biggest private health insurer, UnitedHealthcare, and its biggest hospital chain, HCA Healthcare.

Hospitals 311