Healthcare News of Note: Drug manufacturers reap $6.7 billion in provider relief funding, leaving hospitals and health systems with no aid allotted for the delta and omicron surges
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: $7 billion from the Provider Relief Fund was used by the Biden administration to pay drug manufacturers, HHS takes a strong stance on requiring health plan/insurance issuers to deliver parity for mental health and substance-use disorder benefits, and investors show continued interest in healthcare M&A in 2022.
Cost-Reduction Strategies Boost, Sustain Recovery
Persistent pandemic conditions are forcing hospitals and health systems to stretch their thinking as they set strategic goals. They are adjusting to managing fluctuating levels of care along with addressing shifts in payer mix, consumers’ demands and increasing cost pressures. These changes, combined with the challenge of inconsistent patient volumes, is putting unprecedented financial pressures…
Newly released financial data show pandemic-related challenges intensifying for hospitals
Issues with expenses and unstable volumes hindered hospital finances and operations as 2021 drew to a close.
Healthcare News of Note: Many health system boards find they are poorly equipped to institute DEI changes, says survey
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Health system boards are willing to change but slow at implementing DEI measures, international nurses are filling the workforce gap, and youth mental health has suffered during the pandemic.
Healthcare News of Note: McKinsey analyzes a range of scenarios based on the infectiousness, immune evasion and severity of disease linked to the omicron variant
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: An in-depth analysis looked at what the U.S. can expect with the onslaught of the omicron variant, CMS rescinded a drug pricing model, and total healthcare utilization in 2020 dipped below 2019 levels.
As COVID-19 vaccination deadlines arrive for healthcare providers, CMS offers explanatory resources
As the deadlines arrive for providers to comply with the COVID-19 vaccine mandate, CMS has made various resources available to help healthcare entities determine whether and when the regulations apply to them.
Hospitals need federal support to handle the ongoing staffing and financial crunch, industry leaders say
The hospital industry issued its latest plea for additional federal help to mitigate the financial and operational strain of COVID-19, including surging staffing costs.
Cost Effectiveness of Health Report, December 2021
The December HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, leads off with the fourth and final report for 2021 in HFMA’s Healthcare 2030 series, focused on the long-term direction of strategic investment for hospitals and health systems. Also included are an article describing a new “employer-friendly” model of center of excellence and a commentary on how the FDA’s accelerated approval process may unintentionally be increasing the nation’s drug expense.
Research seeks to pinpoint health system characteristics associated with the tendency to ‘overuse’ healthcare
Higher bed counts, fewer primary care physicians and investor ownership are among the characteristics of health systems that tend to overuse healthcare, according to a new study.
Healthcare labor update: Employment data and research findings underscore ongoing challenges
As highlighted in new employment data and new studies, the healthcare labor market continues to constrain hospitals.