In a late move before the state budget deadline, lawmakers added $10 million to the budget to entice a Delaware-based specialty children’s hospital to stay in New Jersey’s already fragile Medicaid network.
Legacy Health has reached a tentative deal to unload its lab operations, an effort to restructure the struggling Portland hospital chain’s balance sheet and pull out of a steep financial nosedive.
Health care systems are facing financial challenges due to the shortage of health care workers, drug prices and other issues following the COVID-19 pandemic. “2022 was the most challenging year in recent memory,” said Jeffrey Bechtel, senior vice president, Health, Economics and Policy for the Hospital Association of Pennsylvania.
Washington state officials face a $100 million fine for failing to provide adequate mental health services to individuals with severe mental illnesses in the state's jails.
New Jersey lawmakers agreed to boost funding by about $35 million for University Hospital in Newark as part of the last-minute budget negotiations that added more than a billion dollars to the proposed state spending plan for the fiscal year that began Saturday.
Kootenai Health is on track to complete its conversion to a nonprofit by the end of the year, officials said Wednesday.
Trustees voted in May to assume the operations of Kootenai Health, Inc., a nonprofit organization. Since, hospital district staff and outside advisers have worked to implement transition plans, including employee benefits conversions and financial asset migration.