It has been 80 days since President Donald Trump declared a national emergency because of the COVID-19 virus. Since then, almost every home health care agency has been adversely affected, with the vast majority of businesses experiencing sharp decreases in Medicare reimbursement, admissions and overall revenue, a new Home Health Care News survey reveals. While
0 Comments
Industry experts have predicted a rise in home health bankruptcies amid the COVID-19 virus. But home health providers likely won’t be the only ones affected by tighter cash flows and unexpected expenses. Ultimately, there’s likely to be increased bankruptcy filings across health care, particularly in industries such as skilled nursing and senior living. That, in
0 Comments
Dive Brief: Though hospital volumes are expected to remain below pre-pandemic levels for quite some time, rebounding outpatient visits seem to be outpacing those for inpatient care or emergency department visits, according to a Transunion Healthcare survey of more than 500 hospitals. During the week of May 10-16, outpatient visits were down 31% and emergency
0 Comments
From a financial perspective, home health agencies nationwide are struggling to provide care amid the coronavirus. Providers are juggling lower patient volumes and a lack of telehealth reimbursement while also navigating astronomical personal protective equipment (PPE) prices and increased low utilization payment adjustment (LUPA) rates. In New York, those factors and others are expected to
0 Comments
(AP) Five insurance companies were awarded contracts worth nearly $8 billion a year to manage most of Kentucky’s Medicaid business, Gov. Andy Beshear announced Friday. Landing the contracts were Aetna, Humana, Molina Healthcare, UnitedHealthcare and WellCare, Beshear said. About 1.4 million people in Kentucky receive health coverage through Medicaid. Aetna, Humana and WellCare hold existing
0 Comments
Joe Biden has seen a surge in support from health care professionals as President Donald Trump struggles to bring in cash from those working in an industry under pressure from the coronavirus pandemic.  The apparent Democratic nominee for president is ahead of Trump, not just in many national polls, but also in financial support from
0 Comments
The past few months have created incredible challenges and changes in the healthcare supply chain. Since late January, unprecedented global demand and other factors have strained the supply of personal protective equipment (PPE) and other critical products. Many non-acute facilities have either stopped seeing patients because of government guidance to pause patient visits or surgeries
0 Comments
Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free! GET STARTED Log In | Learn More What is it? STAT Plus is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington,
0 Comments
An assistant director at a Chicago nursing home and long-term care facility alleges in a whistleblower lawsuit that she was fired in retaliation for “objecting to, reporting and refusing directives to participate in unsafe and unlawful conduct in violation of her professional nursing obligations” in relation to COVID-19 care and precautions. The complaint comes at
0 Comments
It’s been well established that COVID-19 pummeled the finances of healthcare providers. What’s been less discussed: It did a similar number on the associations that support those providers. Hosting massive, in-person conferences that draw hundreds or thousands of people is one of the main ways groups like the American Hospital Association, the American College of
0 Comments
The Italian national aerobatic team, the Frecce Tricolore, flies over the Piazza Duomo of Milan on May 25, 2020 in Milan, Italy. Restaurants, bars, cafes, hairdressers and other shops have reopened, subject to social distancing measures, after more than two months of a nationwide lockdown meant to curb the spread of Covid-19. Pietro D’Aprano Italians
0 Comments
Both during and after the COVID-19 crisis, success will favor the innovators. Providers that can adjust their business operations accordingly and keep up with the sweeping regulatory changes will have a massive advantage moving forward. Conversely, those resistant to the new, post-coronavirus normal run the risk of being left behind. “The easy prediction is that
0 Comments
Dive Brief:  Nashville-based HCA is disputing with the country’s largest nurses union over contractually bargained wage increases the hospital says it can’t deliver due to pandemic-related financial strains. National Nurses United, which represents 150,000 nurses across the country and 10,000 nurses at HCA, says hospital executives are threatening layoffs, elimination of employer contributions to nurses’ 401k
0 Comments