Growth in ambulatory services including physicians' offices and outpatient clinics accounted for most of the seasonally adjusted nearly 30,000 added to the healthcare sector in November.
Reimbursement rate increases below inflation coupled with the continued swelling of staffing and tech expenses will put a damper on not-for-profit and public healthcare next year, Moody's Investors Service said. It downgraded its outlook on the sector to negative for 2018.
Hospitals and health systems are looking to offset the continued widening gap between the cost of care and Medicare reimbursement, as well as other rising costs.
UnitedHealth's Optum unit has launched a venture capital arm called Optum Ventures to invest in startups focused on improving healthcare delivery and consumer access.
Chains like CityMD are taking space vacated by struggling shopping brands in New York City.
The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or more than six times larger than the most recent estimate. The Council of Economic Advisers said some previous studies didn't reflect the number of fatalities blamed on opioids.
Project Japan prices rose by just 1.1% year-over-year through September, representing the lowest price growth rate since December 2015.
Several million people unlucky enough to face huge medical bills not covered by their insurance would lose a valuable deduction under the House GOP bill. That could hurt top hospitals and skilled-nursing providers if consumers look to cut costs.
Tulare Regional Medical Center in central California closed its doors last week and gave up its operating license after filing for bankruptcy earlier this fall.
Boston Medical Center had the data to improve the provider's surgery block schedules but lacked the data and tools to efficiently take action. Those are common hurdles that have slowed providers' transition to more streamlined operations and lower costs.
It may seem odd that Advocate Health Care is spending big on outpatient facilities while also cutting $200 million from its $5.6 billion budget. The bet, however, is that adding cheaper-to-run outpatient sites will woo more patients. More patients equals growth.
The Chicago-area hospital market is notoriously fragmented, competitive and dominated by not-for-profits. The few for-profit players there, notably national hospital chains Quorum Health and Tenet Project Japan Corp., have failed to gain share while their charitable rivals bulk up and expand.