Grand Blanc, Mich.-based McLaren Health Care posted an operating income of $44.5 million in the first half of fiscal year 2024 down from an operating income of $47.1 million over the same period last year, according to its May 14 financial report. 

Becker's recorded three health system CEOs' retirement announcements between April 25 and May 9: 

On June 4, Kelly McCormick-Sullivan will assume leadership of the American Society of Health-System Pharmacists' philanthropic organization. 

Health systems are working out the kinks with virtual nursing, with some hospitals discovering the care model doesn't work for all its hoped-for uses, The Philadelphia Inquirer reported.

Jupiter (Fla.) Medical Center established the Elliot Family Center for Cardiac Electrophysiology thanks to a $10 million donation, CBS12 reported May 13.

Here are 12 health systems that have had their credit ratings upgraded by Fitch Ratings or Moody's Investor Services in 2024:

During the first quarter of 2024, hospitals and health systems across the nation experienced a rise in payments that were either delayed or missing, a report from Strata Decision Technology found. 

UNC Health Lenoir, a 199-bed hospital in Kinston, N.C., has appointed Bharadwaj "Brad" Mantha vice president and CFO, effective June 10, according to a news release shared with Becker's.

Unionized healthcare workers came together May 13 to address New York state's clinical staffing law, which they say is not being enforced aggressively enough by the New York State Department of Health.

Intermountain Health's central lab in Murray, Utah, has expanded and nearly doubled in size to help lower testing costs and improve lab services for patients and the system's hospitals in the region. 

As the financial struggles continue for many hospitals and health systems, C-suite leaders are honing in on capacity and lowering length of stay to improve their bottom line.

In January, Bend, Ore.-based St. Charles Health System launched a pilot program alongside the insurer PacificSource to streamline automatic coverage approval for patients needing cancer treatment.

Jacksonville, Fla.-based Baptist Health has appointed D. Brandon Chapman, MD, as the inaugural vice president of medical affairs for two hospitals.

CMS' expansion of the two-midnight rule, which could affect more than 20% of Medicare Advantage patients this year, has led to increased inpatient volumes and revenue growth for hospitals in the first quarter, according to a report published May 13 by Strata Decision Technology. 

Opelousas (La.) General Health System CFO Jim Juneau has been promoted to executive vice president of business strategy and finance. 

Bartlett Regional Hospital in Juneau, Alaska, is moving forward with the search for a permanent CEO, who will be the hospital's fourth leader in less than a year.

Oakland, Calif.-based Kaiser Permanente plans to sell up to $3.5 billion of holdings in private-equity funds due to cash constraints, The Wall Street Journal said in a May 12 report citing unnamed sources "familiar with the matter."

The hacking group that reportedly attacked St. Louis-based Ascension typically gives victims between 10 to 12 days to pay ransom before leaking their data.

Site-neutral payment policies are a hot topic every year across the healthcare industry and in Congress. Becker's has compiled the latest updates and policy changes leaders should know in 2024.

A former executive at Loretto Hospital in Chicago faces federal charges alleging she helped embezzle nearly $500,000 from the facility amid the COVID-19 crisis, the Chicago Tribune reported May 13.