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Hospital Merger Benefits: An Econometric Analysis Revisited
In this report we revisit our econometric analysis and include two additional years of data for 2018 and 2019 on cost, quality, and revenue outcomes from hospital transactions. The addition of these data allows us to measure the effects of 144 additional hospital acquisitions and also allows us to measure the effects of the hospital acquisitions we had previously included in our studies over a longer period of time.
Hospital Merger Benefits: An Econometric Analysis Revisited Executive Summary
This is the third analysis by Charles River Associates (CRA) showing that recent hospital acquisitions reduce costs and lead to improved performance on important quality indicators without an increase in revenue that may signal enhanced market power. All three analyses found that hospital acquisitions can generate substantial benefits.
HRSA awards 36 grants to expand access to telehealth services
The Health Resources and Services Administration awarded $19 million in grants through five programs to expand access to telehealth services in rural and underserved communities.
CDC to open disease forecasting center
The Centers for Disease Control and Prevention will use American Rescue Plan Act funds to create a Center for Forecasting and Outbreak Analytics to anticipate public health threats, the agency announced.
Biden administration plans booster program for mRNA COVID-19 vaccines; will add nursing home staff vaccinations to Medicare, Medicaid conditions of participation
COVID-19 vaccine booster shots will be widely available to the American public, starting next month, according to a joint statement from Biden administration health officials.
FEMA extends funding for eligible COVID-19 costs, issues advisory on medical staffing requests
President Biden extended through Dec. 31, 2021, 100% federal reimbursement through the Federal Emergency Management Agency’s Public Assistance Program for eligible costs to safely reopen and operate certain private nonprofits in response to the COVID-19 emergency, including private nonprofit medical facilities.
Reminder: Hospitals that see COVID-19 surges should contact state survey agency, CMS regional offices about potential survey flexibilities
In evaluating whether to temporarily suspend survey activities if a hospital experiences a COVID-19 surge, the Centers for Medicare & Medicaid Services in June told AHA it will consider whether the hospital has notified the appropriate state public health agency and activated its emergency preparedness plan, and the proportion of hospital staff and resources dedicated to managing COVID-19 patients.
BlackBerry announces cyber threat to operating system for medical devices
BlackBerry announced a set of cyber vulnerabilities in its QNX Real Time Operating System for medical devices and other products, which a remote attacker could exploit to cause a denial-of-service condition or execute arbitrary code on affected devices.
AHA shares updated reports on hospital merger benefits, detrimental commercial insurance practices with federal regulators
AHA shared with the National Economic Council, Federal Trade Commission, and departments of Health and Human Services and Justice an updated study by Charles River Associates on the benefits of mergers within the hospital field.