Latest news with #DaveMin
Yahoo
15-05-2025
- Health
- Yahoo
Vizient Hosts Congressional Briefing on the Complexities of Hospital Financing
IRVING, Texas, May 15, 2025--(BUSINESS WIRE)--Yesterday on Capitol Hill, Vizient, Inc. hosted a congressional policy briefing titled, "Hospitals' Financial Health: The Complex Ecosystem of Provider Reimbursement," at the Rayburn House Office Building. The event featured remarks from Rep. Dave Min (D-CA) and drew an engaged audience of congressional staff and industry stakeholders. While unable to attend in person, House Agriculture Committee Chairman Glenn "GT" Thompson (R-PA) and Rep. Lou Correa (D-CA) shared remarks in support of the briefing. The discussion focused on how hospitals are navigating a complex financial environment shaped by shifting reimbursement models, evolving policy changes, and increasing care demands. "Academic medical centers like UCI Health are training future clinicians while delivering essential care," said Rep. Min (D-CA). "However, growing financial pressures, especially around Medicaid reimbursement, threaten their ability to keep their doors open. We need to advance policies that ensure reliable reimbursement and protect access to care for all Californians." "As a former therapist and licensed nursing home administrator, I've seen first-hand the essential need for access to quality care," said Rep. Thompson (R-PA). "Reliable health systems are necessary for the health and economic well-being of rural communities. I look forward to working with all stakeholders to strengthen quality, lower costs, and increase the availability of care." "In neighborhoods across Orange County, hospitals are essential for delivering care, supporting jobs, and keeping our families healthy," said Rep. Correa (D-CA). "When hospitals in our district face financial strain, the ripple effects are real and immediate. We need strong, common-sense public policy that ensures hard-working American taxpayers have access to the care they need when they need it." Moderated by Michael D. Busch, FACHE, senior vice president, member networks at Vizient, the panel featured key healthcare leaders, including: Stephanie Daubert, Chief Financial Officer, Nebraska Medicine Steven M. Fontaine, Chief Executive Officer, Penn Highlands Healthcare Randolph P. Siwabessy, Senior Vice President & Chief Financial Officer, UCI Health & UC Irvine School of Medicine Panelists discussed the growing financial instability facing hospitals, particularly given the uncertainty around governmental funding. As noted during the briefing, hospitals are a unique combination of public utility, clinical enterprise, and academic mission, which makes their financing inherently complex. Adjusting one policy can unintentionally unravel other parts due to the system's interconnectedness. Panelists also highlighted rising operating costs, persistent labor shortages, delayed reimbursements, and the widening gap between payment rates and the actual cost of care, especially for Medicaid and Medicare patients. The panel underscored the need for sustainable policy solutions to protect hospital viability and patient access, highlighting priorities such as stabilizing government reimbursement programs, protecting safety net payments and programs and preserving graduate medical education support. Learn more about Vizient's advocacy and public policy efforts. About Vizient, Inc. Vizient, Inc., the nation's largest provider-driven healthcare performance improvement company, serves more than 65% of the nation's acute care providers, including 97% of the nation's academic medical centers, and more than 35% of the non-acute market. The Vizient contract portfolio represents $140 billion in annual purchasing volume enabling the delivery of cost-effective, high-value care. With its acquisition of Kaufman Hall in 2024, Vizient expanded its advisory services to help providers achieve financial, strategic, clinical and operational excellence. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at View source version on Contacts Media ContactDonna Ledbetter(972)
Business Wire
15-05-2025
- Health
- Business Wire
Vizient Hosts Congressional Briefing on the Complexities of Hospital Financing
IRVING, Texas--(BUSINESS WIRE)--Yesterday on Capitol Hill, Vizient, Inc. hosted a congressional policy briefing titled, "Hospitals' Financial Health: The Complex Ecosystem of Provider Reimbursement," at the Rayburn House Office Building. The event featured remarks from Rep. Dave Min (D-CA) and drew an engaged audience of congressional staff and industry stakeholders. While unable to attend in person, House Agriculture Committee Chairman Glenn 'GT' Thompson (R-PA) and Rep. Lou Correa (D-CA) shared remarks in support of the briefing. The discussion focused on how hospitals are navigating a complex financial environment shaped by shifting reimbursement models, evolving policy changes, and increasing care demands. 'Academic medical centers like UCI Health are training future clinicians while delivering essential care,' said Rep. Min (D-CA). 'However, growing financial pressures, especially around Medicaid reimbursement, threaten their ability to keep their doors open. We need to advance policies that ensure reliable reimbursement and protect access to care for all Californians.' 'As a former therapist and licensed nursing home administrator, I've seen first-hand the essential need for access to quality care,' said Rep. Thompson (R-PA). 'Reliable health systems are necessary for the health and economic well-being of rural communities. I look forward to working with all stakeholders to strengthen quality, lower costs, and increase the availability of care.' 'In neighborhoods across Orange County, hospitals are essential for delivering care, supporting jobs, and keeping our families healthy,' said Rep. Correa (D-CA). 'When hospitals in our district face financial strain, the ripple effects are real and immediate. We need strong, common-sense public policy that ensures hard-working American taxpayers have access to the care they need when they need it.' Moderated by Michael D. Busch, FACHE, senior vice president, member networks at Vizient, the panel featured key healthcare leaders, including: Stephanie Daubert, Chief Financial Officer, Nebraska Medicine Steven M. Fontaine, Chief Executive Officer, Penn Highlands Healthcare Randolph P. Siwabessy, Senior Vice President & Chief Financial Officer, UCI Health & UC Irvine School of Medicine Panelists discussed the growing financial instability facing hospitals, particularly given the uncertainty around governmental funding. As noted during the briefing, hospitals are a unique combination of public utility, clinical enterprise, and academic mission, which makes their financing inherently complex. Adjusting one policy can unintentionally unravel other parts due to the system's interconnectedness. Panelists also highlighted rising operating costs, persistent labor shortages, delayed reimbursements, and the widening gap between payment rates and the actual cost of care, especially for Medicaid and Medicare patients. The panel underscored the need for sustainable policy solutions to protect hospital viability and patient access, highlighting priorities such as stabilizing government reimbursement programs, protecting safety net payments and programs and preserving graduate medical education support. Learn more about Vizient's advocacy and public policy efforts. About Vizient, Inc. Vizient, Inc., the nation's largest provider-driven healthcare performance improvement company, serves more than 65% of the nation's acute care providers, including 97% of the nation's academic medical centers, and more than 35% of the non-acute market. The Vizient contract portfolio represents $140 billion in annual purchasing volume enabling the delivery of cost-effective, high-value care. With its acquisition of Kaufman Hall in 2024, Vizient expanded its advisory services to help providers achieve financial, strategic, clinical and operational excellence. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at
Yahoo
30-03-2025
- Business
- Yahoo
‘A classic bait and switch scam': California Democrat calls out Trump amid Social Security cuts
After Elon Musk called social security a "Ponzi scheme," lawmakers like Rep. Dave Min are hearing about the cuts he has planned. He joins The Weekend to weigh in.
Yahoo
24-02-2025
- Business
- Yahoo
House Democrat planning ‘Bad DOGE Act'
Rep. Dave Min (D-Calif.) is planning to introduce a bill titled 'Bad DOGE Act' in the House against the Department of Government Efficiency (DOGE), arguing that it is engaged in an 'abuse of power.' Speaking on MSNBC's 'Way Too Early' Monday morning, Min said his bill aims to question 'the abuses of power, the illegalities, the blatant attacks on our Constitution that Elon Musk and DOGE are engaged in right now.' The executive order from the White House that established DOGE grants it the authority to undertake a data modernization project. Min argued that it has exceeded its mandate by conducting federal firings and trying to shut down entire agencies without congressional approval. Min acknowledged that the GOP enjoys a slim majority in the House, but said he hopes some Republicans will support the legislation. 'I'm hoping that we can get some Republicans on this bill,' he said. The California Democrat added that the oath all lawmakers took when they entered office 'doesn't say anything about Donald Trump or the president.' 'It's about the Constitution of the United States,' he said. The DOGE's efforts to tap into databases across the government is facing resistance from several groups raising concerns over privacy and security risks. DOGE faces more than a dozen lawsuits as its staffers appear at agencies across the government, seeking to tap into databases covering federal payments to citizens' Social Security numbers, financial information and more. On Sunday, several federal agencies advised employees against responding to Musk's email asking federal workers to list five accomplishments from the past week or risk losing their jobs. Other department and agency heads instructed their employees to meet the deadline. The email instructed federal workers to respond to the Office of Personnel Management by 11:59 p.m. EST Monday. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
