Tax breaks outweigh community spending at most nonprofit hospitals

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Top Story Tax Breaks Far Outweigh Community Spending at Most Nonprofit Hospitals A new report from Lown Institute examined the finances of 1,773 private nonprofit hospitals across the U.S. For more than three-quarters of these hospitals, their spending on charity care and community investment was less than the money they received in tax breaks in 2020. These combined deficits totaled $14.2 billion, which is enough money to relieve 18 million Americans' medical debt or prevent 600 at-risk rural hospitals from closing, according to the report. Sponsored Content The Vibe at Vive: A Progress Report on Healthcare Transformation Presented by Worksite Labs and MedCity News Gary Frazier, CEO of Worksite Labs, a full-service diagnostic testing company shared insights on the healthcare's industry's move into a decentralized approach.   Watch it here! Easter Egg Leftovers - You Can Still Save $400 Thanks Easter Bunny! These leftover Easter Eggs have Early Bird Priced INVEST 2023 Tickets in them. Hurry, get yours today before they are all gone on Thursday (4/13). Register Now!

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How Risk-Based Quality Management Improves Data Quality, Patient Safety, Accelerating Drug Development Risk-based quality management, or RBQM, is the process by which pharmaceutical organizations monitor and manage quality throughout clinical trials. MedArrive Rakes In $8M for Home Care Platform MedArrive's new $8 million funding was led by Cobalt Ventures, a subsidiary of Blue Cross and Blue Shield of Kansas City. With the funding, the company will grow its team, as well as improve on its product and technology, said Dan Trigub, CEO and co-founder of MedArrive. Cell Therapy Pioneers Team Up to Found Viral Vector CDMO Backed by $64M VintaBio manufactures AAV and lentiviral vectors for entities pursuing clinical development of cell and gene therapies. The contract development manufacturing organization's launch comes as demand for viral vectors continues to outpace the supply of these crucial components of the therapies. ReKlame Health Brings Addiction Medicine Treatment Into the Home Culturally competent behavioral health provider ReKlame Health is rolling out an in-home program for addiction medicine care in New York City. For patients diagnosed with alcohol use disorder, a registered nurse will come to their home on a monthly basis to administer Naltrexone LAI, a medicine that helps stop cravings for opioids and alcohol. Chinook Therapeutics Pauses Kidney Disease Drug Trial Following Adverse Event Report The serious adverse event reported in the early-stage study resolved quickly, but Chinook Therapeutics said it is suspected to be related to its experimental primary hyperoxaluria therapy. Meanwhile, Human Immunology Biosciences is looking ahead to Phase 3 after its rare kidney disease drug posted positive mid-stage data. How Modern Natural Language Processing Is Improving Healthcare Clinical-grade NLP is in the earlier stages of adoption, but as healthcare organizations continue to struggle with unstructured data and clinician burnout, we will see a gradual increase in its use. The AI and deep learning models being developed today in conjunction with medical NLP will be used in healthcare five, 10 and 20 years from now. These technologies will be so tightly integrated into EHRs that they'll be almost invisible to end users.

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MedCity Pivot: Blue Shield of California CEO Says Value of HealthTech Has Been Mixed So Far Paul Markovich believes in the value of health tech in managing both chronic diseases and in general health and wellness. In this episode, he talks about the company's Wellvolution platform and the digital tools that are offered there to members, now even to those on Medicaid. Listen Now

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