Oregon hospital systems have sounded the alarm about their sagging revenues for several years now — contributing to disputes over labor and insurance coverage.
Just two weeks ago, it appeared Novant Health was on the precipice of finalizing a deal to acquire two hospitals north of Charlotte, even though federal antitrust regulators, North Carolina officials, and economists were worried the deal would give Novant near-monopoly power in the region.
Since 2016, West Virginia University Health System has folded 14 hospitals into its network — including three hospitals last year alone — creating an emerging 25-hospital Goliath that reaches into Pennsylvania, Ohio and Maryland.
The Centers for Medicare and Medicaid Services said on Monday it plans to close the advance payments program it started to help some Medicare providers and suppliers affected by disruptions at UnitedHealth's (UNH.N), Change Healthcare technology unit.
Healthcare spending in the U.S. is projected to have risen 7.5% in 2023 to $4.8 trillion, federal data showed on Wednesday, outpacing the projected annual gross domestic product growth rate of 6.1%.