Healthcare Roundup: Hospitals Regain Ground, Govt. Pumps Up Health IT, Gainsharing On a Roll, and More
Green Shoots For Hospitals? – A Thomson Reuters survey of 500 hospitals showed that only a third operated in the red during the first quarter of this year, compared with 50 percent last fall. One reason is that their median labor cost fell 3 percent. Last year, median revenue per patient rose less than expenses did, and investment income, of course, dropped like a stone. Moody’s downgraded investor-owned hospitals earlier this year, and it remains nervous about their near-term outlook because of rising amounts of uncompensated care and bad debt. [Sources: Wall Street Journal, Modern Healthcare] Government Posts Grants for Health IT – The Obama Administration has announced it will dispense nearly $1.2 billion in grants to help physicians and…
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