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The Latest Breaking News from Ge Bai

How big data and an A-list board turned struggling NYU Langone into a $14 billion hospital powerhouse

CEO Robert Grossman and board chair Ken Langone have turned NYU Langone into a top-performing health system, and multiplied revenue seven-fold.

Fortune

AI-backed patient financing firm portrays payment plans as healthcare solution amid consumer group’s warnings

PayZen’s model relies on purchasing hospital bills at discount as Republican cuts set to leave millions without insurance

The Guardian - US

US medical debt financing groups vie to be ‘solution’ to struggling rural hospitals

Companies claim they can help hospitals seeking to get paid by ‘subprime patients’ amid Republican health cuts

The Guardian - US

From analysis to the latest developments in health,
read the most diverse news in one place.

What is Medicare tax and and who pays it? Experts explain

Medicare funding comes from a combination of government contributions, payroll taxes, and monthly premiums paid by Medicare beneficiaries.

Fortune

Medicare pandemic advances deepen debt for some hospitals - Roll Call

Congress poured billions into hospitals through advances on Medicare claims, but now some medical providers are struggling to pay it back.

Roll Call

As nonprofit hospitals reap big tax breaks, states scrutinize their required charity spending

POTTSTOWN, Pa. — The public school system here had to scramble in 2018 when the local hospital, newly purchased, was converted to a tax-exempt nonprofit entity.

Tribune News Service

Insurers are bypassing hospitals and delivering pricey chemo and other infusion drugs via third-party pharmacies

As they lose out on billing for such drugs, hospitals and clinics are trying to convince states to limit this practice, known as "white bagging."

Fortune

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As giant hospitals get bigger, an independent doctor feels the pinch

SANFORD, N.C. — Before the coronavirus pandemic, Dr. Andrew Bush treated as many as 1,000 patients every month in his orthopedics practice. Now he worries about going bankrupt.

Tribune News Service

The $18,000 breast biopsy

The hospital estimated the biopsy would cost $1,400. How did it end up being so much more, even with insurance?

Salon

The $18,000 breast biopsy: When having insurance costs you a bundle

When Dani Yuengling felt a lump in her right breast last summer, she tried to ignore it.

Tribune News Service

An $18,000 biopsy? Paying cash might have been cheaper than using her insurance

A hospital's cost calculator said her procedure would be $1,400 for patients without insurance. Instead, the bill was almost $18,000 and, her part was more than $5,000 — the balance of her deductible.

WEKU

Community health centers’ big profits raise questions about federal oversight

DARLINGTON, South Carolina — Just off the deserted town square, with its many boarded-up businesses, people lined up at the walk-up pharmacy window at Genesis Health Care, a federally funded clinic.

Tribune News Service

Buy and bust: When private equity comes for rural hospitals

MEXICO, Missouri — When the new corporate owners of two rural hospitals suddenly announced they would stop admitting patients one Friday in March, Kayla Schudel, a nurse, stood resolute in the nearly empty lobby of Audrain Community Hospital: “You’ll be seen; the ER is open.”

Tribune News Service

Downsized city sees its health care downsized as hospital awaits demolition

HAMMOND, Ind. — In 1898, three nuns took a train to this city along the south shore of Lake Michigan to start a hospital.

Tribune News Service

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Chicago Sun-Times

In Hammond, historic hospital awaits demolition amid changes in health care

The Catholic hospital system that runs Franciscan Health Hammond closed Franciscan St. James Health in Chicago Heights in 2018, also citing low demand for inpatient care even as it’s built new hospitals in wealthier suburbs.

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