Costs & Cost Controls
Supply chain leaders discuss improving access, reducing costs
Editor's Note Supply chain professionals can contribute to a more affordable, equitable health care system by spending more with suppliers in economically disadvantaged areas; expanding distribution into in-home care; and leveraging data and technology. According to a November 28 report in Healthcare Purchasing News, these were among the conclusions of…
Bill seeks to improve cost transparency, provide relief to patients
Editor's Note The US House of Representatives may vote this week on The Lower Costs, More Transparency Act. Introduced September 8, the proposed act aims to boost healthcare pricing transparency so consumers can make more informed decisions. Key elements include: Hospitals, payers, ambulatory surgery centers (ASCs), and other facilities would…
ASCs lock in higher Medicare, Medicaid payment rate
Editor's Note Ambulatory Surgery Centers (ASCs) will now receive a 3.1% payment rate from the Centers for Medicare and Medicaid Services (CMS) for services, which is an increase of .3% under the original rule, Becker’s ASC Review December 5 reports. This change in payment rate reflects the average of all…
Biden administration expands HHS authority to bolster US medical supply chain
Editor's Note The Biden Administration will issue a “Presidential Determination” that will expand the authority of the Department of Health and Human Services (HHS) in order to boost the domestic supply chain for essential medicines, a November 27 HHS press release reports. The measure will include new investment in domestic…
ASCs continue to contend with anesthesia provider shortages, inflating costs
Editor's Note There is a major anesthesia provider shortage that has been and continues to impact ambulatory surgery centers (ASCs), and which is driving up costs, Becker’s ASC Review November 29 reports. Meanwhile, reimbursements from payers are declining, straining ASCs’ ability to provide needed care. Some highlights from the Becker’s…
Proposed bill seeks to end costly insurance fees on electronic healthcare payments
Editor's Note A new bill introduced by a bipartisan group in Congress seeks to ban fees on electronic healthcare payments from insurance companies, which cost hospitals millions and are a particular burden on hospitals in rural areas, according to a November 28 press release. The bill is called the No…
Kaiser Permanente workers agree to new labor contract post-strike
Editor's Note Kaiser Permanente union workers have agreed to a new 4-year contract that includes 21% raises along with new minimum wages and provisions to improve staffing shortages, Chief Healthcare Executive November 10 reports. In October of this year, more than 75,000 Kaiser Permanente healthcare workers, including nurses and technicians,…
Survey: Compensation rising for in-demand APPs
Editor's Note According to the 2023 survey from consulting firm SullivanCotter, published in August 2023, compensation for Advanced Practice Providers (APPs) has grown at a faster rate than pay for physicians and nurses, BusinessWire November 15 reports. The final report included data on more than 124,000 individual APPs and over…
Colorado-focused report shows wasteful spending, over $130M spent on low-value care
Editor's Note A new report by the Denver-based nonprofit Center for Improving Value in Health Care found that millions are being spent on tests and treatments that have limited value for patient health and well-being, KFF Health News November 13 reports. According to estimates, from 10% to 30% of the…
Third quarter earnings: UHS, Tenet see financial success; CHS, HCA face challenges
Editor's Note Two major hospital systems–Universal Health Services (UHS) and Tenet Healthcare–saw improved third-quarter profits in 2023, but Community Health Systems (CHS) and HCA Healthcare did not see similar upward trends, HealthLeaders November 3 reports. According to the article, rising demand in services at UHS drove third-quarter earnings up 6.8%…
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- Remote monitoring speeds recovery, lowers complications after cancer surgery
- Common supplements may heighten bleeding risk during surgery, Polish study finds
- Keeping sensory aids in place during surgery reduces delirium risk in older hip fracture patients
- HFMA warns affordability crisis is driving up provider bad debt
- Report warns sterile processing staffing crisis threatens surgical safety
- Ascension swings to profit as outpatient push, cost cuts take hold
- High BMI alone did not raise early complication risk after outpatient TJA
- AAAHC report spotlights top accreditation deficiencies, strategies for safer ambulatory care
- ACS conference charts bold future for surgical quality with data, teamwork, frontline innovation
- Surgical leaders urged to weigh risks, rewards of innovation with a critical eye