While hospitals argue that consolidation leads to better, more efficient care, research has shown that concentrating services among a small number of providers often results in higher prices, as health systems gain leverage over insurers.
The Oregon Department of Justice has opened an investigation into the financial practices of Providence Health & Services, the state’s largest hospital group. The consumer protection arm of the department is leading the probe, said Kristina Edmunson, spokesperson for the department. It is at this point a civil investigation rather than criminal, she added.
Increases in global healthcare benefit costs are expected to hit their highest levels in roughly 15 years, according to a new survey of insurers, conducted by Willis Towers Watson. Worldwide, a 10% increase is expected for 2023.
Indiana’s hospitals warn of a "fragile" healthcare sector easily damaged by well-meaning but overeager legislation with the release of a recent survey documenting increasing healthcare costs for providers as policymakers prepare for the 2023 legislative session.
The affirmation of 'BBB' ratings reflects MMHD's historically strong operating performance, with a track record of generating double digit EBITDA margins. The hospital also benefits from tax revenues that Fitch includes as additional operating cash flow, which bolster's Fitch's calculations for profitability margins.
ATLANTA — Early Friday morning, the emergency room at the Wellstar Atlanta Medical Center will close. It's a big step toward closing the entire hospital on Nov. 1.
