Pear Therapeutics in need of a financial lifeline Pear Therapeutics in need of a financial lifeline Pear Therapeutics in need of a financial lifeline

Pear Therapeutics in need of a financial lifeline

Without any outside financial help, Pear said it may need to liquidate or restructure. 

from Section Page News - Modern Healthcare https://ift.tt/38vAZT6

Diversity in medical schools elusive despite effortsDiversity in medical schools elusive despite effortsDiversity in medical schools elusive despite efforts

Diversity in medical schools elusive despite efforts

A new generation of doctors is joining the workforce this month. They still aren't representative of the nation's demographics despite years of diversity programs.

from Section Page News - Modern Healthcare https://ift.tt/awWYFvP

Bright Health reports financial shortfall, boosts exec payBright Health reports financial shortfall, boosts exec payBright Health reports financial shortfall, boosts exec pay

Bright Health reports financial shortfall, boosts exec pay

Bright Health Group also reported that CEO Mike Mikan and Chief Financial Officer Cathy Smith received extra compensation amid its financial crisis.

from Section Page News - Modern Healthcare https://ift.tt/26OG8uV

Crozer Health to cut 4% of employees as it battles financial woesCrozer Health to cut 4% of employees as it battles financial woesCrozer Health to cut 4% of employees as it battles financial woes

Crozer Health to cut 4% of employees as it battles financial woes

The layoffs and restructuring come seven months after ChristianaCare Health System backed out of its planned acquisition of Crozer.

from Section Page News - Modern Healthcare https://ift.tt/6OgUlrf

New Sutter Health CEO sets sights on staffing, capacity New Sutter Health CEO sets sights on staffing, capacity New Sutter Health CEO sets sights on staffing, capacity

New Sutter Health CEO sets sights on staffing, capacity

Sutter will look to partner with Northern California academic institutions to shore up its workforce over the long term.

from Section Page News - Modern Healthcare https://ift.tt/EpozTLx

Medicaid allowances fail to meet basic needs of nursing home residentsMedicaid allowances fail to meet basic needs of nursing home residentsMedicaid allowances fail to meet basic needs of nursing home residents

Medicaid allowances fail to meet basic needs of nursing home residents

The Medicaid personal needs allowance is meant to pay for anything not provided by the nursing home, but Congress hasn't raised that $30 allowance in decades.

from Section Page News - Modern Healthcare https://ift.tt/2158MeW

Health systems struggle to fill beds amid care delivery shiftsHealth systems struggle to fill beds amid care delivery shiftsHealth systems struggle to fill beds amid care delivery shifts

Health systems struggle to fill beds amid care delivery shifts

A slew of nonprofit and for-profit health systems reported fewer admissions in 2022, a factor that often coincided with big financial losses.

from Section Page News - Modern Healthcare https://ift.tt/qaKOlt3

Bright Health's Florida crisis portends more troubleBright Health's Florida crisis portends more troubleBright Health's Florida crisis portends more trouble

Bright Health's Florida crisis portends more trouble

For the past six months, Bright Health has needed an okay from Florida regulators for transactions exceeding $10,000. More states are eying its shaky finances.

from Section Page News - Modern Healthcare https://ift.tt/u3YJCVr

Michigan-based Sparrow Health reports $171.5 million loss in 2022Michigan-based Sparrow Health reports $171.5 million loss in 2022Michigan-based Sparrow Health reports $171.5 million loss in 2022

Michigan-based Sparrow Health reports $171.5 million loss in 2022

The system was hardest hit by rising wages for its staff. Compensation and benefits expenses grew by more than $55.2 million in 2022 over the year prior.

from Section Page News - Modern Healthcare https://ift.tt/QWagAu4

Nonprofit hospitals receive $28 billion in tax exemptions:KFFNonprofit hospitals receive $28 billion in tax exemptions:KFFNonprofit hospitals receive $28 billion in tax exemptions:KFF

Nonprofit hospitals receive $28 billion in tax exemptions:KFF

The Kaiser Family Foundation study also noted that systems provide just $16 billion in charity care.

from Section Page News - Modern Healthcare https://ift.tt/zvmrqVX