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Latest hospital rankings are out, show more 1-star facitlites; 340B angers AHA; Venture takes off; Tuomey settles; ICD-10 claims flow

The number of lowest-ranked hospitals for patient experience doubled in the latest Centers for Medicare and Medicaid Services Hospital Compare list, while the number of five-star facilities slid.
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Your Daily Dose of Healthcare Finance  Ι   October 20, 2015  Ι  Volume 9  Ι  Forward this Issue to a Friend
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Data: 1-star hospital number doubles
The number of lowest-ranked hospitals for patient experience doubled in the latest Centers for Medicare and Medicaid Services Hospital Compare list, while the number of five-star facilities slid.
AHA furious over 340B ruling
The American Hospital Association is blasting a court ruling siding with the Pharmaceutical Research and Manufacturers of America over the 340B Orphan Drug program, according to AHA Executive Vice President Tom Nickels.
More health systems launch venture funds
Investing gives health systems the chance to partner at the first phase of promising new healthcare technologies and services. But it also allows systems to have an attractive investment, given modest returns from securities and low bank interest rates.
What to know about 501(r)
Nonprofit hospitals need to do more than ever to keep their tax-exempt status, as Section 501(r) of the Internal Revenue Code adds new requirements to any organization operating a licensed hospital to maintain these benefits.
Communication key for higher HCAHPS scores
Healthcare providers striving to improve their HCAHPS survey scores most likely need help with one critical area - communications with patients of all races, nationalities, ages and genders as researchers look at how much demographics affect the scores.
Tuomey settles suit over scheme for $72.4M
Tuomey Healthcare System in South Carolina will pay the federal government $72.4 million and will affiliate with Palmetto Health to resolve claims it billed Medicare for services referred by physicians it illegally paid, according to the U.S. Department of Justice.
RelayHealth says ICD-10 claims are flowing
Revenue cycle firm RelayHealth said it has processed more than $25 billion in claims using ICD-10 codes, though it's still not known how that will translate when it comes to payment by the insurers.
How major payers will handle ICD-10 claims
While the Centers for Medicare and Medicaid Services announced a year's grace period this summer when it comes to claims coded with ICD-10, not all large commercial payers are following suit.
Top supply chain stories of 2015
As hospitals and other providers tighten their belts to tackle new payer and federal rules, a leaner supply chain has become more important. Here are the top stories Healthcare Finance has covered in 2015.
Cadillac tax on expensive plans draws fire
Opponents of the tax fear that more out-of-pocket costs for consumers will add to the difficulty many Americans already have paying their medical bills, now that high-deductible health plans are commonplace.
New deals added to 2015 M&A list
Expert predictions that 2015 will be a busy year for mergers and acquisitions in healthcare seem to be playing out. Catch up on this year's biggest deals with this updated list.
UPDATED: Tracking healthcare fraud
Already, 2015 has seen a host of major fraud news involving dozens of individuals and amounting to millions in abuse, often related to Medicare fraud.
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