Tag: Financial costs

Healthcare giants prioritize shareholder payouts over patient care

Editor’s Note Shareholder payouts by publicly traded healthcare companies have surged 315% since 2001, raising questions about financial priorities in the sector, according to a February 19 article in Healthcare Finance. A research letter published in JAMA Internal Medicine and co-authored by Yale University researchers found that major healthcare corporations…

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By: Matt Danford
February 20, 2025
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Rural hospital closures remain a growing concern despite slight financial improvement

Editor's Note While fewer rural hospitals are operating at a loss than last year, more are now at risk of closure, according to a new report from Chartis. Fierce Healthcare reported the news February 13. As detailed in the article, the analysis found that 46% of rural hospitals are operating…

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By: Matt Danford
February 19, 2025
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Human trafficking in healthcare supply chains often underrecognized, expert argues

Editor's Note Although human trafficking’s infiltration into healthcare labor and supply chains is pervasive, many clinicians and other professionals remain unaware of the extent of the issue, according to a February 3 opinion piece in MedPage Today. While efforts have focused on identifying trafficking victims in clinical settings, healthcare organizations…

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By: Matt Danford
February 14, 2025
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Session: Anchors Away: 5 Strategies to Right-Size Your Inventory and Improve Supply Contracts

Editor's Note As executive director of the Association for Health Care Resource & Materials Management (AHRMM), Michael Schiller, CMRP, gets regular insight into strategies employed by healthcare organizations, suppliers, technology leaders and frontline staff—insight he was happy to share with OR business Management Conference attendees in a February 11 presentation.…

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By: Matt Danford
February 13, 2025
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Moody’s downgrades health insurance outlook as medical costs surge

Editor's Note Moody’s Ratings has shifted the health insurance industry’s credit outlook from stable to negative, according to a February 3 article in Fierce Healthcare. According to the article, the downgrade is due to escalating medical costs that outpace reimbursement rates. Analysts project an 8% rise in commercial market spending…

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By: Matt Danford
February 5, 2025
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Proposed tariffs threaten medical device supply chain

Editor's Note Analysts say proposed tariffs on imported goods could increase costs for approximately 75% of medical devices marketed in the United States, 69% of which are manufactured solely abroad, according to a January 20 article in Medical Product Outsourcing. Valued at $197.8 billion in 2023, the US medical device…

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By: Matt Danford
January 23, 2025
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Providers push back on insurance cost-cutting hurdles

Editor's Note Escalating administrative hurdles from insurers are heightening tensions between healthcare payers and providers who criticize the measures for threatening patient care, Modern Healthcare reported January 22. According to the article, policies attracting criticism include stringent prior authorization rules, claims denials, and new fees for appeals. For their part,…

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By: Matt Danford
January 23, 2025
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HHS report highlights cost, access, quality concerns with private equity in healthcare

Editor's Note Growing consolidation and private equity investments in healthcare are driving up costs, reducing access, and raising quality concerns, according to a new report from the Department of Health and Human Services (HHS). According to HHS’ January 15 announcement, the report stems from a tri-agency effort by HHS, the…

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By: Matt Danford
January 17, 2025
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HIPAA security standard update sparks debate over cost, feasibility, patient safety

Editor's Note The first federal overhaul of the HIPAA Security Rule in over a decade aims to address modern cybersecurity threats but has drawn sharp criticism from health systems over its cost and feasibility, according to a January 13 article in Axios. According to the article, the proposed changes require…

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By: Matt Danford
January 13, 2025
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Health data inaccuracies cost millions, threaten care quality

Editor's Note Healthcare data inaccuracies occur at rates as high as 26.9% in hospitals, with related inefficiencies costing providers up to $20 million annually, HealthLeaders reported January 8. According to the article, these inaccuracies stem from factors such as data entry mistakes, outdated information, inconsistent data standards, and system integration…

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By: Matt Danford
January 13, 2025
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