Scripps begins to stabilize as it undertakes restructuring

http://www.modernhealthcare.com/article/20160512/NEWS/160519961?utm_campaign=CHL:%20Daily%20Edition&utm_source=hs_email&utm_medium=email&utm_content=29563951&_hsenc=p2ANqtz-8S0JEN1pYYD1RlEuEWC_RBCOQjz3nx1AsWEDjHcEdbWOoj2NM01wGgkDiM2gRZmY6y6O5E09Aosdas2afAwMdUsgpj0Q&_hsmi=29563951

Scripps Health

Scripps Health’s operating performance is starting to stabilize as the San Diego-based system takes steps to get its costs under control. The four-hospital group is restructuring and plans to eliminate about 100 jobs.  Scripps CEO Chris Van Gorder notified employees in a memo earlier this year that the job cuts will come mostly from management and administration. The system spent nearly $2.4 million on restructuring costs in the quarter ended March 31, according to its quarterly earnings report.

Healthcare Triage News: Pay for Performance in Medicine: It Doesn’t Work

Healthcare Triage News: Pay for Performance in Medicine: It Doesn’t Work

pay_for_performance

“Pay-for-performance” is an umbrella term for initiatives aimed at improving the quality, efficiency, and overall value of health care. These arrangements provide financial incentives to hospitals, physicians, and other health care providers to carry out such improvements and achieve optimal outcomes for patients.

Gundersen Health chiefs blast Health Affairs study that dubbed nonprofit hospital most profitable

http://www.healthcarefinancenews.com/news/gundersen-health-chiefs-blast-health-affairs-study-dubbed-nonprofit-hospital-most-profitable?mkt_tok=eyJpIjoiTW1OaFpqaGxZVEptWmpKbCIsInQiOiJxcnNrZVZmUlV5M3FvYVJKYmRpZ2VERTNZN3JhTUpSUmI1SjM5MHdLUDVtcjdTUEoyOU1aSlFsb240Y21uXC9JaU4zY1pPQ2FVUkVhZE12N2lJUmxxRm9QOTBMMms2XC9tNzlXeGlIMXc5bXRZPSJ9

Gundersen Lutheran Medical Center in La Crosse, Wisconsin. (<a href="https://commons.wikimedia.org/wiki/File:GundersenLutheranHospital.jpg">Wikipedia</a>)

CEO and CFO say data was incomplete and taken from a Medicare cost report that failed to accurately incorporate their full array of costs.

Hospitals work to fine-tune payer mixes, but finding savings is no easy task

http://www.healthcarefinancenews.com/news/hospitals-work-fine-tune-payer-mixes-finding-savings-no-easy-task

Temple University Hospital (handout photo)

For systems with more traditional payer mix scenarios, increasing the share of commercial business can be a boon.

Employing Docs is Not a Financial Drag, CEOs Insist

http://www.healthleadersmedia.com/leadership/employing-docs-not-financial-drag-ceos-insist?spMailingID=8915501&spUserID=MTMyMzQyMDQxMTkyS0&spJobID=921252342&spReportId=OTIxMjUyMzQyS0#

Physician Compensation

A recent Moody’s report contends that hiring physicians comes with a financial penalty. That may be true, but simple accounting misses the point entirely, some CEOs say.