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The emergency budget action taken this week by the state Senate, Assembly, and Gov. Newsom holds the promise of pulling a small number of hospitals at imminent risk of closure back from the financial brink.
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“There is incredible value in being of service to others.” — Elizabeth Berg, author
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The latest report from national health care management consulting firm Kaufman Hall shows that one in five California hospitals — dozens throughout the state — is at risk of closure. That means health care services for millions of Californians are at risk.
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A bill that claims to address health care worker retention in fact jeopardizes health care jobs, treats California’s essential workers inequitably, and reduces access to care throughout the state.
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Late last week, the state regulatory agency that oversees health plans issued a sweeping letter to every plan in California making it clear that unfair payment practices must cease.
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Last week, the independent agency that advises Congress on Medicare rates delivered its March report, which describes hospital profit margins that hit all-time highs in 2021 and calls attention to the $200 billion in taxpayer subsidies that provided hospitals with a cushion to get through the worst of the pandemic.
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The final tally is impressive: 350-plus names of California hospitals and health systems whose leaders signed on to letters seeking state and federal help to protect access to critical health care services.
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At a time when Modern Healthcare is asking whether 2022 was the worst year ever for health systems’ income, hospitals and health systems are being forced to cope with deteriorating performance among many health plans in providing prompt and fair reimbursement.
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California’s hospitals are facing dire financial conditions due to huge pandemic-related losses, years of systemic state underfunding, and unprecedented inflationary pressures.
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Over the past weeks and months, as CHA has been preparing its push for $1.5 billion in state relief to shore up a health care system on the edge, our messages continue to gain traction with media outlets throughout California.
