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Month: June 2022

A Failure to Disclose: CMS Issues First Transparency Rule Fines

A Failure to Disclose: CMS Issues First Transparency Rule Fines

June 15, 2022 “He keeps his cards close to the vest.”  The familiar adage describes a person who is, by his very nature, not normally disposed to trumpeting his business through the streets.  All of us, to one degree or another, are prone to privacy; and, while we prefer complete openness and transparency from those with whom we regularly associate, we often opt to post a “no trespassing” sign when it comes to certain areas of our own lives. So,…

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The Cost of Caring: An Examination of Hospital Labor Expenses

The Cost of Caring: An Examination of Hospital Labor Expenses

June 8, 2022 As promised in last week’s article, we want to conclude our two-part examination of hospital expenses by looking specifically at labor costs in today’s alert.  According to the extensive article published by the American Hospital Association (AHA) last month, which we referenced last week, labor costs are outpacing revenue increases.  The report notes that, despite modest growth in revenues compared to pre-pandemic levels, median hospital operating margins were down 3.8 percent by the end of 2021 compared…

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