Articles and Blogs

S&P Global Ratings published a sector view report on the nonprofit hospital sector, indicating the agency expects a constrained operating environment in 2024 largely due to persistently high labor and operating costs. Another factor behind the negative outlook is that health care providers are restarting deferred capital projects and potentially looking to debt to help…Read More

Starting January 1, 2024, many privately-owned entities will be exposed to ongoing disclosure and reporting obligations required by the Corporate Transparency Act (“CTA”). The goal of the CTA is to strengthen national security and the integrity of the U.S. financial system by making it more difficult for illicit actors to use shell companies for money…Read More

The Federal Reserve agreed to hold its benchmark interest rate while signaling that rate cuts may be in the cards for 2024. If economic conditions continue to improve, the Federal Reserve plans to reduce interest rates by .75% in 2024. After the news broke, the stock market rallied and real estate investors expressed new optimism…Read More

After a slow start to the year, the Food and Drug Administration’s (“FDA”) Office of Prescription Drug Promotion (“OPDP”) now has a total of five enforcement letters for 2023 (four Untitled Letters and one Warning Letter) with potentially the last two letters of 2023 issued on Halloween. Our summary of the first three letters can…Read More

Hospitalogy published a roundup of recent earnings reports for a number of health systems. Several large, nonprofit health systems experienced losses in the recently ended quarter, while CVS Health and other for-profit providers reported profits and earnings growth. A recent Bisnow article indicated that, despite showing more resilience than the general office sector, the medical…Read More

The Sixth Circuit Court of Appeals (“the Court”) recently affirmed the dismissal of a nursing student intern’s lawsuit alleging disability discrimination and failure to accommodate claims. The Court opined that the plaintiff in this action failed to establish an intentional discrimination claim against Hurley Medical Center (“Hurley”) and that Hurley did not fail to provide…Read More

The Centers for Medicare & Medicaid Services (“CMS”) finalized significant updates to the Hospital Price Transparency regulation for the first time since the rule took effect on January 1, 2021. Many of the changes included in the CY 2024 Medicare OPPS and ASC Final Rule will affect all hospitals and necessitate updates, modifications and in some…Read More

Mayo Clinic unveiled a $5B plan to redesign its Rochester, Minnesota campus. The plan includes creating “health neighborhoods” within the campus that will focus on certain patient needs. CommonSpirit Health has closed on a $5M impact investment to support an affordable housing community in San Francisco called Freedom West Homes. Becker’s published a summary of…Read More