Healthcare Finance News

A nearly $3 billion settlement with Blue Cross Blue Shield leaves providers with a big choice

Providers that contract with Blue Cross Blue Shield should assess whether they want to participate in a landmark class-action settlement over litigation stemming from complaints about the insurer’s business practices. In October, a resolution reached between provider plaintiffs and Blue Cross Blue Shield Association (BCBSA), along with 33 of its member companies, resulted in a…

Nick Hut November 27, 2024

HFMA’s Central Ohio Chapter invests in the future of healthcare finance 

A perpetual challenge for many HFMA chapters is how to get more students involved and interested in pursuing a career in healthcare finance. The Central Ohio Chapter (COHFMA) took a new approach in 2020 that definitely caught the attention of area college students. The lure? Scholarship money. The COHFMA Student Scholarship Program The program offers…

Crystal Milazzo November 27, 2024

Medicare, Medicaid are set to cover GLP-1 drugs under a Biden administration proposal

In a major development for Medicare and Medicaid, the Biden administration has issued a proposal for the program to cover a class of weight-loss drugs that have become increasingly prevalent in society. A proposed rule implementing Medicare Advantage and Medicare Part D technical and policy changes for 2026 includes a provision to reinterpret statutory language…

Nick Hut November 26, 2024

Biden’s director of Medicaid expresses concern for the program’s future amid talk of block grants

In what amounted to a valedictory for CMS leadership as it has been constituted during the Biden administration, the head of Medicaid expressed concern about the potential for big changes to the program. Daniel Tsai, director of the Center for Medicaid and CHIP services, said the possible transformation to a block-grant program under the incoming…

Nick Hut November 22, 2024

HHS watchdog flags improper payments to hospitals for services provided to hospice patients

Hospitals may face closer scrutiny over a segment of Medicare outpatient billing after the HHS Office of Inspector General (OIG) found improper payments. In a report posted Nov. 18, OIG found that improper payments were prevalent for outpatient services provided to hospice enrollees during a five-year period ending in 2021. Examining a sample size of…

Nick Hut November 20, 2024

2 drug manufacturers go to court to turn 340B into a rebate program

Two leading drug manufacturers have pressed forward with efforts to reformat the 340B Drug Pricing Program, filing lawsuits against the federal government over the question of whether savings can be offered as cash rebates rather than up-front discounts. Johnson & Johnson took HHS and the Health Resources and Services Administration (HRSA) to federal court in…

Nick Hut November 18, 2024

An eventful period for healthcare policy looms as Trump and GOP members of Congress prepare to govern

Notes: The opening section of this article was updated Nov. 19 with news about the nomination of Mehmet Oz as administrator of CMS. For information on the healthcare policy agenda for the final two months of the current Congress, see the sidebar at the bottom of this page. The results of the 2024 federal elections…

Nick Hut November 15, 2024

What the site-of-care shift for joint replacement means for hospitals

Hospital patient volumes mostly have been on an upswing since the worst of the COVID-19 pandemic, but certain trends represent cautionary tales for long-term finances. For example, the latest report (registration required) from Strata Decision Technology shows a year-over-year decline in August of more than 21% for inpatient primary knee replacement procedures. A shift to…

Nick Hut November 7, 2024

Medicare’s 2025 payment updates: Why hospitals and physicians think the methodologies are flawed

Neither hospitals nor physicians found much reason for encouragement in final 2025 Medicare payment rules released Nov. 1. The rules, which were made available as pre-publication drafts, finalized a 2.9% increase for hospitals under the payment system for Medicare outpatient services and ambulatory surgical centers (ASCs). Meanwhile, physicians were dealt a 2.83% cut that they…

Nick Hut November 5, 2024

Senate leaders release a blueprint for comprehensive site-neutral payment policies

To the disappointment of hospital groups, two Senate leaders have produced bipartisan policy options for advancing site-neutral payment in Medicare. The framework released Nov. 1 by Sens. Bill Cassidy (R-La.), who is a physician, and Maggie Hassan (D-N.H.) goes further than site-neutral payment plans that were passed by the House as part of broader healthcare…

Nick Hut November 4, 2024
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