The 'AA-' ratings reflect Children's dominant market position as the only comprehensive pediatric provider in its state and region. The ratings also reflect Fitch's expectation that the continued integration of Children's tower project, Hubbard Center for Children, will be accretive to operations and help stabilize and support Children's strong financial profile, operating cash flow levels, and market share.
The two have become one of the state’s largest healthcare systems, valued at $7 billion. The deal also includes Sparrow’s Physicians Health Plan, which gives insurance coverage to more than 70,000 members and 300 employers in Michigan, plus as a Medicare Advantage plan.
Dr. Mark Tuccio is chairman of the surgery department at UPMC Chautauqua where he provided a rare look inside the surgical unit of the U-shaped wing of the hospital. Several pieces of medical equipment line every inch of the crowded hallways.
An estimated 5-to-15 million could have their Medicaid insurance coverage lost this month. As of April 1, pandemic Medicaid coverage ended, because the state of Texas did not expand coverage. This is the start of what could be trouble for rural Texas hospitals and also a time for lawmakers to brainstorm ways to re-work the system.
Record enrollment over the last two years brought more consumers into the market. At the same time, many insurers began offering smaller networks of doctors and hospitals, partly to be price-competitive.
HCA Holdings Inc. showed that a False Claims Act suit alleging that it fired a payment coordinator in retaliation for raising complaints about unlawful Medicare claims was properly rejected.