Today's Top 20 Health Finance Articles
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Kaiser to lay off 79 administrative employees
Kaiser Permanente is laying off 79 administrative employees across California. The move comes after the Oakland, Calif.-based organization disclosed in December it is also eliminating 115 IT positions, 74 of which are based in California. -
California health system forgives $40M in medical debt
Christmas came a week early for 29,000 former patients of Community Hospital of the Monterey Peninsula. -
HFMA, tech firm to launch revenue integrity council
The Healthcare Financial Management Association and healthcare technology firm Xsolis will create an executive revenue integrity council. -
New Jersey health system calls for urgent $130M state funding
Jersey City, N.J.-based CarePoint Health is requesting at least $130 million in state funding to help tackle "unprecedented challenges" and provide essential healthcare services to the community. -
Firm cutting out insurers for surgeries lands $1B valuation
With a fresh $92 million investment, a company that helps employers bypass insurers to contract with physicians and hospitals for healthcare services is now valued at $1 billion. -
386 hospitals now owned by private equity firms: 6 things to know
Private equity firms have drawn significant policy interest and scrutiny amid recent reports of surprise billing, rising out-of-pocket costs for patients and increased healthcare spending in the U.S., according to Health Affairs. -
Feds set No Surprises Act administration fee at $115
The federal government issued a final rule Dec. 18 setting the fee to enter the No Surprises Act arbitration process at $115. -
Beyond denial rates: Metrics for hospital financial health
The healthcare sector faces a critical juncture due to mounting macroeconomic challenges, particularly from the increasing complexities and financial pressures of Medicare Advantage Organization’s (MAO) reimbursement processes. -
3 Steps To Clean up Accounts Receivable Now and Improve Financial Performance in 2024
Whether or not your fiscal cycle starts in January, the onset of the new year is a good time to take stock of the past year’s performance and set new goals for 2024. One goal that should be on every healthcare provider, hospital, and healthcare system’s list is to examine and clean up your outstanding accounts receivable (AR). Many factors, such as payer agreements, the Medicare physician fee schedule, and your market dynamics limit what you can charge. These limitations make it imperative that you don’t leave money on the table due to addressable weaknesses in your revenue cycle management (RCM) process. -
Pennsylvania Supreme Court to hear appeal for shuttered Crozer hospital
An appeal will be heard by the Pennsylvania Supreme Court regarding Los Angeles-based Prospect Holdings' fall 2022 closure of acute care services to Delaware County (Pa.) Memorial Hospital, owned by Springfield, Pa.-based Crozer Health, the Philadelphia Inquirer reported Dec. 14. -
New York governor signs medical debt reporting ban
New York Gov. Kathy Hochul signed a bill into law that prohibits hospitals, healthcare professionals and ambulances from reporting a person's medical debt to credit agencies. -
Walgreens pulls VillageMD clinics out of Indiana
Walgreens' VillageMD will exit the Indiana market and close a dozen clinics in the state in January 2024, which is in line with its majority owner's cost reduction plans. -
A 'grim' time for big-ticket M&A
The majority of major corporate acquisitions over the past five years are struggling to deliver on synergies or earnings growth. -
Ohio hospital to become AMC
Dayton, Ohio-based Premier Health is advancing its existing affiliation agreement with Dayton-based Wright State University to create improvements in regional academic medicine, community health, workforce, and economic developments, according to a Dec.15 press release. -
Northwestern operating income up 5% to $352M
Chicago-based Northwestern Medicine posted $352.3 million in operating income during fiscal year 2023, a 5% increase on the $335.8 million it reported in the previous fiscal year, according to financial documents published Dec. 6. -
'We're all in this together, and we need each other:' says ECU Health CFO
Andy Zukowski, CFO of Greenville, N.C.-based ECU Health is heading into 2024 with a goal to make a big impact on rural healthcare. -
'They cannot close another hospital': Community fights to keep Beth Israel open
Manhattan residents on Dec. 14 rallied against Mount Sinai's plan to close its Beth Israel campus in July, according to a PIX II report. -
CEO among creditors in California hospital bankruptcy process
Dozens of businesses, physicians and individuals, including Karen Paolinelli, Madera (Calif.) Community Hospital's chief executive, have filed claims requesting to be repaid through the hospital's bankruptcy process, The Fresno Bee reported Dec. 14. -
Washington charity care rulemaking drags on
More than 40 organizations penned a letter to the Washington Department of Health expressing their concern about the hold up on its rulemaking process for charity care — free or discounted hospital services provided to people who are financially eligible. -
Yale New Haven sale key to Prospect hospitals' survival, CEO says
The sale of three Connecticut hospitals to Yale New Haven (Conn.) Health from Los Angeles-based Prospect Medical Holdings is "urgent," according to a letter obtained by the CT Mirror.
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