Tag Archives: hospitals

Chicago hospitals band together promising new system, $1B investment in city’s South Side

Dive Brief: Four Chicago hospitals inked a nonbinding deal to form a new health system to expand access to care with the goal of reducing health inequities and creating jobs on the city’s South Side, the facilities announced Thursday. They promised to invest at least $ 1.1 billion to build a hospital and community health… Read More »

Nonprofit hospitals get bump in Moody’s ratings for 2020

Dive Brief: Next year should be kinder to nonprofit hospitals and health systems, with Moody’s Investors Service forecasting a 2% to 3% growth in operating cash flow next year, driven by stronger provider revenue due to Medicare and commercial reimbursement raises and growth in patient volumes. Moody’s revised its 2020 outlook for the not-for-profit provider… Read More »

Benefit design, higher deductibles will increase bad debt for hospitals

Changes in insurance benefit design that shift greater financial responsibility to the patient, rising healthcare costs and confusing medical bills will continue to drive growth in bad debt — often faster than net patient revenue, according to a new report from Moody’s. Legislative proposals to simplify billing have the potential to reduce bad debt, but… Read More »

New York Identifies Hospitals and Nursing Homes With Deadly Fungus

Nearly 35,000 people in the United States are dying each year from drug-resistant infections, public health officials said on Wednesday, an alarming problem that New York state underscored by revealing that it had found one particularly new and virulent fungus in 64 hospitals and 103 nursing homes. The numbers show just how widespread drug resistant… Read More »