Today's Top 20 Health Finance Articles
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CMS accelerates payments to physicians following Change attack
CMS is expanding its response to the cyberattack on UnitedHealth Group's Change Healthcare to include advance payments to physicians and other outpatient care providers experiencing claims disruptions. -
Steward looks to transfer all 9 Massachusetts hospitals amid lawmaker backlash
Dallas-based Steward Health Care is looking to transfer ownership of its nine Massachusetts hospitals as lawmakers shared another letter with Steward's CEO Ralph de la Torre, MD, "blasting him" over the health system's ongoing financial struggles. -
HHS requests 'stopgap' payments to hospitals, pause on prior authorizations amid Change outage
The cyberattack disrupting Change Healthcare's claims processing system has had a financial impact on hospitals and forced many to develop workarounds for claims submissions. -
Michigan county to relieve $700M in medical debt
Wayne County, Mich., home to Detroit, has announced a program to relieve medical debt for up to 300,000 county residents, the Michigan Advocate reported March 7. -
Some hospitals risk 'running out of cash' amid Change outage: Moody's
The February cyberattack on UnitedHealth Group's Change Healthcare will affect hospital finance and credit ratings as providers search for alternative claims filing methods, according to a Moody's Investor Service report, released March 8. -
Adventist hospital to close 3 medical practices
Adventist Health Tillamook (Ore.) plans to close three medical offices after years-long efforts to recruit additional qualified medical providers into the rural communities. -
From -6.8% to 12.2%: 43 health systems ranked by operating margins
Health system operating margins improved in 2023 after a tumultuous 2022. Increased revenue from rebounding patient volumes helped offset the high costs of labor and supplies for many systems, but some continue to face challenges turning a financial corner. -
Ascension vs. CommonSpirit vs. Trinity: How the 3 largest nonprofit systems' finances compare
The three largest nonprofit health systems in the U.S., Ascension, CommonSpirit Health and Trinity Health, reported significant cuts to their six-month operating losses for the period ended Dec. 31: -
The plight of health system-owned Medicare Advantage plans
Medicare Advantage continues to see unprecedented enrollment growth, but not for everyone. -
Colorado lawmakers aim to stave off Denver Health 'death spiral'
The Colorado Legislature's Joint Budget Committee gave initial approval to give Denver Health a $5 million infusion for the second time in just over a year, but acknowledged the funds are not enough to solve the safety-net hospital's long term challenges, The Denver Post reported March 8. -
Hospitals face rising labor bill
The labor crisis in many industries has stabilized, but impending retirements and high demand for healthcare services will likely reignite labor shortages in the sector, according to a March 5 report from Moody's Investor Services. -
Tennessee hospital to close March 9
Jellico (Tenn.) Regional Hospital will close March 9, according to local news outlet WVLT. -
Delaware system strikes RCM partnership with Ensemble
Lewes, Del.-based Beebe Healthcare has selected Ensemble Health Partners to manage all of its revenue cycle operations. -
Scripps Health transferring California hospital obstetrics services, 134 employees affected
Scripps Mercy Chula Vista (Calif.) hospital, part of San Diego-based Scripps Health, is transferring its obstetrics care services and Rady Children's neonatal intensive care unit to its Scripps Mercy Hospital San Diego campus. -
How NYC Health + Hospitals is reining in travel nurse expenses
NYC Health + Hospitals has made progress in decreasing its dependence on travel nurses, though staffing expenditures still exceed the public health system's allocated budget, executives told New York City Council leaders during a preliminary budget hearing March 5. -
Providence deploys restructuring, renewal plan
Renton, Wash.-based Providence is deploying a "restructuring and renewal" plan to address medium-term challenges and position its core assets for performance across multiple industry scenarios in the coming years, the health system said in its March 7 financial report. -
Steward Florida hospital cuts staff, services
Miami-based North Shore Medical Center, part of Dallas-based Steward Health Care, has started conducting layoffs as part of cuts to some of its programs amid the health system's continued financial struggles. -
Large health system vs. payer profits in 2023
A majority of the nation's largest health systems and payers have filed their fourth-quarter earnings reports. Becker's has compiled their year-end net incomes and losses to examine where the healthcare financial landscape stands among the largest players as of Dec. 31. -
Why Americans lie about money
More than half of Americans have been increasingly worried about money — and over one-third are embarrassed by their finances, according to a recent study from Wells Fargo. -
RWJBarnabas drops employee GLP-1 coverage for weight loss
West Orange, N.J.-based RWJBarnabas Health has ended coverage under its employee health plan for GLP-1s when prescribed for weight loss, a system spokesperson confirmed with Becker's.
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