Healthcare spending only grew by 1.6% in Massachusetts from 2016 to 2017, nearly half the rate in 2015 and 2016 and well below the state's 3.6% cost growth benchmark, according to the Massachusetts Health Policy Commission.
Congress is likely to open a potentially major funding stream by reviving earmarks next year, which could spark a windfall for individual not-for-profit hospitals and university medical centers.
Experts recommend transparency and detailed conflict-of-interest policies for CEOs sitting on boards, especially as vertical integration further complicates such relationships.
The rate of U.S. healthcare spending growth slowed from 2016 to 2017, driven by reduced use and intensity of hospital care, physician services and prescription drugs, according to CMS' Office of the Actuary.
Moody's maintained its negative outlook on the not-for-profit hospital sector as weak volume trends, reimbursement compression, more Medicare patients and growing bad-debt loads will limit revenue growth.
The sudden bankruptcy filing of the Wayne State University Physician Group was driven by discovery earlier in the year that financial losses of the 264-physician faculty practice plan were double the $5.5 million expected and a new, more drastic turnaround plan was required.
A snapshot of the industry's financial and operational gauges from Modern Healthcare Metrics indicates that the average hospital is doing OK on some measures—operating margin for instance—and not so great on others, such as occupancy.
Our latest InDepth Margin vs. Mission looks at how not-for-profit hospitals lack clear guidelines for interventions and funding for community benefit programs, resulting in varied program impact and spending.
A new podcast aims to help consumers figure out how to more knowledgeably navigate the healthcare system. “An Arm and a Leg” shares stories from those with unique, yet common, healthcare mishaps.
Providers are often not held accountable given the vague framework of their community benefit reporting. Some question the regulatory requirements for IRS Form 990 Schedule H reporting, especially since it's hard to tell if not-for-profit hospitals are helping improve communities year over year.
As part of our InDepth Margin vs. Mission, Modern Healthcare analyzed Schedule H in more than 1,500 IRS Form 990s, finding inconsistencies or errors in the section providers use to report the percentage of their expenses used for community benefit.
Our latest InDepth: Margin vs. Mission, examines Sutter Health's approach to reporting its community benefit spending, offering an example of how community benefit reporting guidelines can be improved.