profits news from FierceHealthcare
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ALSO NOTED: For-profits see bad debt drop during first quarter of '08; Bayer fined $16.2 million for price-fixing; and much mor
> As it turns out, for-profits actually saw bad debt expense go down during the first quarter of this year despite nasty market conditions. Read more...
Kaiser net income drops 64 percent
Oh, the dismay and rendering of garments that must be taking place in health plan boardrooms of late! Profits have taken a dramatic turn for the worse within several health plans, including Read more...
ALSO NOTED: Provider bad debt expected to rise; Three-quarters of states developing health info exchanges; and much more...
> Analysts are predicting that with health plan profits shrinking, premiums will rise, consumers will be expected to carry more of the bill, and providers' bad debt will rise. Read more...
HMA to raise $400M from hospital, stock sales
Health Management Associates plans to begin selling off some of its hospitals, as well as minority stakes in the company, to reduce its outstanding debt, the company told stock analysts this week. Read more...
Community Health expects less '08 revenue
Hospital chain Community Health Systems is expecting to make a healthy profit in 2008, but expects to take in less revenue this year than it originally had projected. The company, which just released Read more...
LifePoint hospitals sees 30% profit drop for '07
It seems that LifePoint Hospitals took a beating in fiscal 2007. The Brentwood, Tenn.-based chain said that despite raised revenues, profits fell 20 percent, undermined by volume losses of 15 percent Read more...
HCA sees debt rising until patients get insured
HCA is telling federal lawmakers and officials a grim story. Unless federal authorities expand coverage of uninsured patients, it expects to see bad-debt expenses keep rising at 18 percent to 20 Read more...
HHS advisories give guidance on doctor gain-sharing
With the release of two new advisory opinions by HHS, it's clearer now how hospitals can share cost savings with doctors without running afoul of regulators. One of the two opinions address address Read more...
Kaiser hospital admin steps down
The administrator at Kaiser Permanente's Fresno hospital stepped down yesterday, days after CMS Read more...
NJ to help surgery centers out of legal bind
Recently, a New Jersey state court ruled that ambulatory-surgery centers owned by physicians Read more...
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