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TODAY’S TOP HEALTHCARE FINANCIAL NEWS
The new inpatient pay rule for hospitals is a mixed bag for industry as CMS is planning to give hospitals a major raise, but will move forward with a controversial plan to change the way it hands out uncompensated care funds. READ MORE
Buyer interest in more Community Health Systems hospitals has the chain unloading another $1.5 billion in annualized hospital revenue to reduce debt and focus resources in core markets. READ MORE
The appellate court order allowing state attorneys general to intervene in a lawsuit over the ACA’s cost-sharing subsidies means the Trump administration cannot unilaterally stop the CSR payments and dismiss the appeal. READ MORE
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MARKETS/FINANCIALS
Humana doubles second-quarter profit on higher Medicare Advantage revenue Improved earnings in its Medicare Advantage business and individual commerical plans helped boost Humana’s bottom line despite lower revenue in the second quarter. READ MORE
Cardinal Health profit declines as generic drug prices deflate The Dublin, Ohio-based pharmaceutical and medical products distributor saw its pharmaceutical segment profit drop 7% to $505 million as companies along the pharmaceutical supply chain have taken a financial hit resulting from the increasing scrutiny surrounding surging drug prices. READ MORE
MERGERS AND ACQUISITIONS
Christus turns to national operator to run home health businesses Catholic-sponsored Christus Health has agreed to contribute 21 home health, hospice and long-term hospitals to a joint venture with LHC Group, joining other hospitals in offloading those businesses. READ MORE
HEALTHCARE ECONOMICS
Health insurer files for rate decrease for Alaska market If approved, the lone insurer’s proposed double-digit rate decrease would be the first time the average rate has decreased under the current federal healthcare law in Alaska. READ MORE
Medical board certification fees are excessive, according to JAMA research letter A new research letter in JAMA finds that medical boards have nearly tripled their net assets over the past decade, bolstered by fees charged to physicians to get and maintain their board certification status. READ MORE
BCBS of North Carolina asks for lower ACA rate increase The insurer chose to lower its initital individual rate increase request, saying the insurance market is less “volatile” now and marketplace members are using fewer healthcare services. READ MORE
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POLITICS AND POLICY
Senate OKs bills to address VA budget crisis, claims backlog The Senate unanimously approved a pair of bills taking aim at urgent problems at the Department of Veterans Affairs, clearing a $3.9 billion emergency spending package to fix a looming budget crisis and adopting new measures to pare down a rapidly growing backlog of veterans’ disability claims. READ MORE
SPOTLIGHT
Share your opinion in the latest edition of our bi-weekly reader poll. Should the CMS mandate participation in bundled payment initiatives, or should it be voluntary? READ MORE
The new age of healthcare marketing: Are you ready? Registration is now open for Modern Healthcare’s Strategic Marketing Conference. Discover the best— and next— practices being used to keep pace with emerging trends in healthcare marketing. Nov. 7 in Chicago. Co-located with the Healthcare Marketing IMPACT Awards dinner. READ MORE
CEO of Kaiser Permanente, Bernard J. Tyson, will serve as the closing keynote for Modern Healthcare’s second annual, invitation-only Leadership Symposium. Sign up for this exclusive event to learn from and network with the nation’s top healthcare C-Suite executives. READ MORE
Modern Healthcare Hospital Stock Index: 700.99 -8.20 (-1.16%)
NYSE Healthcare Index: 13,589.10 -31.19 (-0.23%)
S&P 500 Health Care Index: 919.03 -2.04 (-0.22%)
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