Costs & Cost Controls

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April 2024
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KPMG forecasts hospital closures, healthcare and life sciences mergers

Editor's Note:  Investors see particular opportunity for mergers in healthcare and life sciences companies, Chief Healthcare Executive reported January 5. Citing the 2024 outlook of audit, tax, and advisory firm KPMG, the report notes that 61% of investors expect deal-making to increase in these sectors, while only 9% expect to…

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By: Matt Danford
January 12, 2024
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2024 limits set for non-monetary physician compensation

Editor's Note: Non-monetary compensation to physicians is limited to no more than $507 for calendar year 2024, according to a report on the federal Stark Law published December 27 in Lexology. The Stark Law applies to non-cash or cash-equivalent payments from hospitals, physician groups, labs and other provider entities. The…

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By: Matt Danford
January 10, 2024
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Bipartisan congressional letter calls for end to Medicare payment cuts

Editor's Note Nearly 200 members of Congress co-signed a letter urging House and Senate leaders to act quickly in order to prevent a 3.37% cut to Medicare reimbursement payments that was scheduled to take effect on January 1, 2024. The American Medical Association, which supports the effort, reported the news…

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By: Brita Belli
January 10, 2024
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COVID-19 hospitalization costs outpaced medical inflation

JAMA (healthcare publication) Network logo

Editor's Note The cost of COVID-19 hospital admissions increased at more than 5 times the rate of overall medical inflation as fewer patients died from the virus. The new study findings appeared in JAMA Network Open on January 3. The 26-percent increase in average costs to provide inpatient care occurred…

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By: Brita Belli
January 9, 2024
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More executives considering ASC joint ventures

Editor's Note A survey of health system executives published January 4 by VMG Health finds that an increasing number are planning to expand into joint ventures with ambulatory surgery centers as they look to move more services from inpatient to outpatient facilities. The survey included 141 health system executives, including…

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By: Brita Belli
January 8, 2024
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Role of data in surgical, patient preparedness for MSK cases

Data and surveys

An estimated 126.6 million Americans are dealing with the impact of a musculoskeletal (MSK) condition, according to a US Bone and Joint Initiative report. That means, one in two adults in the US have gone or will be going through a wide range of hip, knee, shoulder, and/or spine procedures.…

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By: David Cotriss
December 20, 2023
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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…

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By: Brita Belli
December 14, 2023
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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…

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By: Brita Belli
December 11, 2023
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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…

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By: Brita Belli
December 8, 2023
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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…

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By: Brita Belli
December 1, 2023
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