Beaumont Health calls off deal with Summa Health

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Friday, May 29, 2020 Friday, May 29, 2020 Subscription Required Beaumont Health calls off deal with Summa Health The regional combination would have added four hospitals and a health plan to Beaumont's eight hospitals, creating a $6.1 billion system. Read More > Subscription Required CMS proposes tweaking ACA risk-adjustment audit methodology CMS issued a proposed rule to tweak the way it audits the Affordable Care Act's risk-adjustment program, which is meant to reduce incentives for health insurers to cherry-pick the healthiest, low-cost plan members. Read More > Subscription Required Pandemic could lead more hospitals to breach debt covenants Sharp revenue and cash flow declines brought on by the COVID-19 pandemic and the associated suspension of elective procedures will put more hospitals at risk of covenant breaches in 2020, according to Moody's Investors Service. Read More > Subscription Required Northwell reports steep operating decline in first quarter Northwell Health saw a $141 million operating loss in the quarter ended March 31, partly because it suspended elective procedures beginning March 16. New York regulators have not allowed such procedures to resume in New York City. Read More > The 44th annual Hospital Systems survey is open and accepting submissions. Have a say in what important industry trends will be reported on in this crucial time. Contact research@modernhealthcare.com to receive your copy. Survey deadline is June 15. Subscription Required UPMC attributes first-quarter operating loss to pandemic UPMC reported a $41 million operating loss in the first quarter of 2020, a 0.7% loss margin, compared with a gain of $44 million in the prior-year period. Read More > Coronavirus outbreak: Mississippi hospital lays off 250 to offset COVID-19 losses Live updates from Modern Healthcare on the coronavirus outbreak and how COVID-19 is affecting the healthcare industry. Read More > Social Determinants of Health Symposium Virtual Experience Join Modern Healthcare for a conversation with providers, payers and all entities along the continuum of care to address the systemic inequities preventing healthy communities. Experts will discuss the challenges and successes, and best practices and strategies to achieve greater health outcomes and create inclusive and sustainable local economies. Join us for the virtual experience June 2. Learn more about this event here.   SPONSORED CONTENT Connect with Us Stay Connected “Join the conversation with Modern Healthcare through our social media pages” Feedback or questions? Contact Us Email Editor | Customer Service | Advertise with Us   This email was sent to chunduri22.covid@blogger.com To ensure delivery of our newsletters to your inbox, please add modernhealthcare@CrainAlerts.com to your address book. Manage My Account | Unsubscribe   © 2020 Modern Healthcare 150 N. Michigan Ave. | Chicago, IL 60601 United States Privacy Policy | Terms and Conditions