Lahey Hospital posts widening losses; New Jersey Senate president wants hospitals to report 'pure' profits;

News From Around The Web

> Lahey Hospital Medical Center in Massachusetts saw a widening operating loss as it struggled with increased drug costs and the costs associated with an electronic medical records transition, the Boston Business Journal reported. Article

> New Jersey Senate President Stephen Sweeney has asked both hospitals and insurers in the Garden State to report their "pure profits" to the Legislature as part of his plan to control healthcare costs, according to NJ.com. Article

> The Oregon Legislature has approved a $10 million package to help rural hospitals in the state retool and perhaps take in more patients from urban facilities, according to The Lund Report. Article

Provider News

> A better review process at handoff may help hospitalists perfect their diagnostic skills and reduce medical misdiagnoses, according to an article published by Medscape. Article

Healthcare IT News

> The transition to ICD-10 hasn't necessarily gone as smoothly for the revenue cycle industry as it has in some other areas of healthcare, according to Holly Louie, compliance officer for Boise, Idaho-based multispecialty billing company Practice Management Inc., and 2016 president of the Healthcare Billing and Management Association. Article

And finally... Woman files suit over exploding toilet. Article

Suggested Articles

Hospital system second quarter earnings illustrated just how pivotal a $175 billion provider relief fund was to offsetting major COVID-19 loss

Medicare Part D plans largely design their formularies to encourage use of generics, despite some criticism to the contrary, a new study shows.

Federal health officials released a proposed rule late Monday for 2021 Medicare payment rates and changes to the Merit-based Incentive Payment System.