article thumbnail

STAT+: Incoming Senate Majority Leader Thune hails from a state that relies on rural hospitals, telehealth

STAT

the newly elected Senate majority leader, is big on telehealth, rural hospitals, and increasing transparency for drug middlemen. He represents a state that does not have much in the way of special interests in the health care industry beyond hospitals, doctors, and pharmacists. John Thune (R-S.D.),

Hospitals 332
article thumbnail

Opinion: Hospitals that make profits should pay taxes

STAT

hospitals pay nothing in federal taxes. The agency uses a vague “community benefit” standard to liberally grant tax-exempt status to so-called nonprofit hospitals even as many of them are financially taking advantage of sick Americans with inflated medical bills. Where’s the community benefit in that?

Hospitals 364
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

STAT+: Ascension is racing to unload hospitals as execs work to stem losses

STAT

Louis-based health system through a period of explosive growth, adding hospital after hospital until it became one of the country’s biggest health systems. Ascension has lost almost $4 billion on operations from fiscal 2020 through fiscal 2023, triggering deals to offload almost 30 hospitals.

Hospitals 355
article thumbnail

STAT+: Complications spiked 25% in hospitals bought by private equity

STAT

Hospitals acquired by private equity saw a 25% uptick in adverse events compared with controls, according to a new study released today in the Journal of the American Medical Association. There’s ample evidence that private equity buyouts in health care drive up costs. A new study shows quality declines, too.

Hospitals 364
article thumbnail

STAT+: UnitedHealth and HCA clash over hospital chain’s rates in ‘battle of the giants’

STAT

Contract disputes between hospitals and health plans have become routine, but they tend to be local , affecting a handful of hospitals and the people in the surrounding communities. It involves the country’s biggest private health insurer, UnitedHealthcare, and its biggest hospital chain, HCA Healthcare.

Hospitals 356
article thumbnail

Opinion: With the threat of H5N1 bird flu, hospitals must stay prepared

STAT

hospitals need to prepare for the worst and hope for the best. While there is yet no evidence of human-to-human transmission of the H5N1 virus, this could emerge at any time, underscoring the urgent need for hospitals to bolster their preparedness for potential additional human cases of H5N1. The three human cases of H5N1 in the U.S.

Hospitals 362
article thumbnail

STAT+: UnitedHealth cyberattack cripples pharmacies’ and hospitals’ ability to process insurance claims

STAT

Hospitals, pharmacies, and other health care providers are getting stuck in an insurance processing logjam after UnitedHealth Group disclosed a cyberattack within a recently acquired subsidiary that serves as a central hub for payments across the industry.

Hospitals 363