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Michael Smith

This Month

The rising costs have spurred calls for more oversight of billing practices to protect patients from surprise fees in the private health system.

‘Bupa is bleeding us dry’: Healthscope CEO steps up insurer attacks

Australia’s second-biggest hospital group will launch an advertising campaign on Wednesday accusing insurers of under-funding healthcare.

Luke O’Dwyer, development manager at Silverstone Developments.

Investors have moved away on private hospitals, industry warns

Investors in private hospital developments have shifted away from the sector, further heaping pressure on the healthcare system.

WA Health Minister Amber-Jade Sanderson.

WA calls for urgent action on private health funding crisis

The WA government says the nation’s private healthcare system needs immediate reforms, with the state’s health minister lamenting fundamental problems in the sector. 

The private hospital system is under significant strain, although insurers say operators need to become more efficient.

Health Department review finds private hospitals ‘uninvestable’

The preliminary findings, which have not been made public, come as Labor MPs grow concerned that the government is failing to fix a crisis in the system.

August

John Karagiannis: “If I didn’t have the money, I wouldn’t have rushed out to do it.”

Why Australia’s sick hospitals are on the brink

Australians are paying more for surgery in private hospitals than ever, and there is no cure in sight for facilities struggling with record costs and fees.

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Ramsay Health Care chief executive Craig McNally says patients will not be covered if their insurers refuse to pay for a higher proportion of medical costs.

Private patients face Ramsay hospital lockout

The nation’s largest private hospital operator said it would refuse to deal with health insurers that did not agree to cover a bigger portion of surging costs.

Rising medical costs are putting pressure on private hospitals, and insurers.

Insurer payments to hospitals are rising – so are out-of-pocket costs

But major hospital groups say surging specialist fees and medical device expenses mean the higher payments are still barely keeping them above water.

NIB Health Insurance CEO Mark Fitzgibbon says fixing prices for hospital procedures would be “crazy” .

NIB says plan to fix hospital pricing ‘crazy’ as funding tensions grow

Insurers and hospitals are split on how to fix their acrimonious pricing negotiations as government reviews private health.

The IP was licensed from Johns Hopkins University, according to fund-raising documents.

Fixed price operations could be coming to private hospitals

Tensions between hospitals and health insurers are heating up as the federal government completes its inquiry into the struggling sector.

Fisher & Paykel Healthcare chief executive Lewis Gradon says demand for its products is returning to normal as hospitalisations rise.

Fisher & Paykel ups earnings guidance as hospital rates rise

The New Zealand company says margin improvements and growing demand for its products from hospitals is driving earnings.

Medibank CEO David Koczkar says industry growth will moderate this year.

Private health cover could become unaffordable, Medibank warns

The insurer says foreign student policyholders have surged, but fewer permanent Australian residents signed up for private health insurance than expected.

St Vincent’s Health boss Chris Blake is worried insurers will have too much control over the health system.

St Vincent’s and NIB back from the brink with new deal

Hospital group St Vincent’s has secured a new funding deal with NIB which it says will avoid thousands of patients paying higher costs.

Healius CEO Paul Anderson is restructuring the struggling pathology company

Healius’ net loss doubles as it restructures, sells imaging unit

The pathology group says the sale of its imaging business is “well advanced” as it posted a net loss in line with expectations.

Steve Robson, the president of the Australian Medical Association, says a better system must be set up to distribute medical supplies.

Call for medical supply overhaul after IV fluid shortage shock

Health ministers met on Friday to discuss a critical shortage of IV fluid bags which is raising questions about Australia’s ability to source medical supplies.

Cochlear chief executive Dig Howitt in the company’s Sydney offices on Thursday. He says he is not worried by a sell-down in the company’s shares.

Cochlear shares slide after missing market expectations

Cochlear says sales of its hearing implants globally will drive profit higher by between 6 per cent and 11 per cent this year.

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Pro Medicus chief executive Sam Hupert.

Pro Medicus share surge defies growth warning

Shares in market darling Pro Medicus jumped on the company’s latest bumper profit, but its CEO says that level of growth will be difficult to maintain.

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AFR correspondent Michael Smith says the key to middle aged backpacking is travel light.

A guide to middle-aged backpacking

What I did not want to relive were the bed bugs, hostel dormitory rooms, or hellish overnight bus journeys on pot-holed roads.

CSL chief executive Paul McKenzie.

CSL’s bullish earnings call dimmed by stumbles at new Vifor business

The country’s largest pharmaceutical company says it expects double-digit earnings growth for the next five years as its core blood products business surges.

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Health Minister Mark Butler faces the thorny issue of approving insurance premium rises ahead of an election.

Pressure for health premium overhaul in election headache for Albanese

The influential medical lobby is demanding an independent umpire to determine how high insurance premiums can rise as negotiations over the next increase begin.

Chemist Warehouse is expected to sell off part of its store network to convince the ACCC that the merger will not lead to higher prices for consumers.

Competition regulator delays $8.8b Chemist Warehouse deal approval

The ACCC is undertaking more analysis of the transaction, which would merge the pharmacy giant into Sigma Healthcare. A decision won’t be made until October.

Original URL: https://www.afr.com/by/michael-smith-j7geb