Month: May 2021

Catholic healthcare giant Ascension lost money in the first three months of 2021 even after recognizing more than $100 million in federal grants during the period. The St. Louis-based system—which has 146 hospitals and operates in 19 states plus Washington, D.C.—lost $16.7 million on operations in the quarter ended March 31, 2021, even after recognizing
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President Joe Biden’s budget reiterates his calls to have Congress pass legislation allowing the federal government to negotiate for lower prices on drugs covered by Medicare; reducing deductibles in ACA plans; improving Medicare benefits to include dental, hearing and vision; creating a public option; lowering the Medicare eligibility age; and closing the Medicaid coverage gap in non-expansion states. The
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Dive Brief: Despite the financial turmoil COVID-19 wrought on U.S. medical practices over the past year, physician income has remained relatively steady, according to a new survey by the Medical Group Management Association. The survey — which included 185,000 providers among more than 6,700 physician-owned and hospital-owned practices — concluded they experienced flat or modest
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Can employers make COVID-19 vaccination mandatory? Yes, with some exceptions. Experts say U.S. employers can require employees to take safety measures, including vaccination. That doesn’t necessarily mean you would get fired if you refuse, but you might need to sign a waiver or agree to work under specific conditions to limit any risk you might
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 AI has enormous potential to improve the quality of health care, enable early diagnosis of diseases, and reduce costs. But if implemented incautiously, AI can exacerbate health disparities, endanger privacy rights, and perpetuate bias. In a new STAT report, reporters Casey Ross and Erin Brodwin, examine the possibilities and pitfalls of artificial intelligence, and offer
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At a time when remote work and telehealth have many hospital chains looking to unload office space, Northwestern Memorial HealthCare is planning a $39 million medical office building near its hospital in Chicago’s western suburbs. If Illinois regulators approves the 11-hospital chain’s application for a 50,000-square-foot facility, construction could start in August and be completed
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Signify Health appoints two VPs Signify Health (NYSE: SGFY) has appointed Tracey Scraba as senior vice president and deputy general counsel. Additionally, it has hired Lisa Wagamon as senior vice president of network development. Dallas-based Signify is a New Mountain Capital portfolio company. It recently went public,posting a market capitalization of $7.12 billion in its
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