Massachusetts hospital collectively saw more than $2 billion in net losses in early 2020 as the coronavirus spread to the United States and shook stock markets, according to data compiled by the state Center for Health Information and Analysis.
Walgreens Boots Alliance said its earnings suffered a negative impact of $700 million to $750 million as the company sustained a major loss of global business from the surge of cases of the coronavirus strain Covid-19 around the world that caused its customers to shelter in their homes.
An Oklahoma City hospital, physician group and management company have reached a $72.3 million settlement over allegations of a kickback scheme brought forth by a whistleblower.
In early March, public health officials issued warnings about what the spreading coronavirus could mean for the Pittsburgh region. Debra Bogen, director of the health department for surrounding Allegheny County, forecast that between 40 to 60 percent of the adults in western Pennsylvania could come down with COVID-19 unless strong mitigation measures were taken.
Advocate Aurora Health Care completed the sale of two hospitals for $190 million. In a press release, Dr. James Leonard, president and CEO of Carle Health, said “Together, our combined organization will leverage our unique strengths to better serve our communities.
The Centers for Medicare and Medicaid Services (CMS) will soon release the 2021 Medicare Physician Fee Schedule (PFS) and the Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center (OPPS/ASC) Proposed Rules.