Today's Top 20 Health Finance Articles
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UNC Health Nash proposes $140M hospital upgrade
Rocky Mount, N.C.-based UNC Health Nash has proposed a nearly $140 million inpatient bed tower project to make upgrades to the hospital. -
Hospitals face 'seismic shift' as margin compression continues
The balance between commercial and government payers has shifted as inflationary pressures mount and neither side wants to increase payments significantly. -
Mass General Brigham posts $48M annual loss, CFO notes 'significant progress'
Boston-based Mass General Brigham posted a $48 million operating loss of (-0.3% margin) for the fiscal year ending Sept. 30, a significant improvement on the $432 million loss (-2.6% margin) reported last year. -
2 of the world's richest families are tied to healthcare
Midway through Bloomberg's annual ranking of families with the largest fortunes are two that amassed their wealth through pharmaceutical companies. -
Rural Illinois hospital nears $15M turnaround, CFO says
Rural hospitals have not had the easiest time over the last few years, but Austin Frazier Jr., CFO of Dixon, Ill.-based Katherine Shaw Bethea Hospital, said they're working hard to turn things around following the effects of the pandemic. -
9 hospitals, health systems recently hit with rating downgrades
Several hospitals and health systems recently had their financial ratings downgraded amid ongoing operating losses, declining investment values and challenging work environments. -
Lifespan posts $8.6M operating income in 2023 a year after $56M loss
Providence, R.I.-based Lifespan Health posted $8.6 million in operating income in fiscal 2023 after posting a $56 million loss in 2022, according to the health system's fourth-quarter financial report. -
Florida hospital gets pavilion approval, part of $550M master plan
Tampa (Fla.) General Hospital has unveiled plans for a new surgical, neuroscience and transplant pavilion following a unanimous vote of approval from city council. -
Hospitals to prioritize 'pace of margin recovery' in 2024
Acute-care hospitals will face a constrained operating environment in 2024 as high labor and operating costs persist, which, for many providers, have not been entirely offset by improving revenue trends, S&P Global Ratings said in a Dec. 8 report. -
St. Paul city council approves plan to relieve $100M+ in medical debt
St. Paul, Minn., is the latest city to approve a plan to relieve medical debt for its residents, NBC affiliate KARE reported Dec. 7. -
U-M Health, Holland Hospital form strategic alliance
Holland (Mich.) Hospital and the University of Michigan Health have formed a strategic alliance that should benefit patients across West Michigan by allowing both organizations to identify and pursue opportunities that support high-quality clinical services locally. -
Guthrie to borrow $140M for hospital acquisition
Sayre, Pa.-based Guthrie Clinic is planning to borrow $140 million to acquire Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital system, WNBF reported Dec. 7. -
California system mulls lease alternatives amid frustrations with Tenet
The board of Palm Springs, Calif.-based Desert Healthcare District approved a motion directing staff to seek a consultant who can advise the district on "taking back" Desert Regional Medical Center amid frustrations with Tenet Healthcare, the Palm Spring Desert Sun reported Dec. 7. -
Arkansas hospital to face audit over ARPA fund use
Arkansas' Legislative Joint Auditing Committee signed off on an audit of De Queen-based Sevier County Medical Center's use of federal American Rescue Plan Act funds, the Arkansas Advocate reported Dec. 8. -
Why hospital CFOs can't be distracted by 'shiny objects'
On the heels of his first year as CFO of Fairfield, Calif.-based NorthBay Health, Joseph D'Angina is sharing why it's important for health system financial leaders to keep their eye on the prize in the new year. -
Senators probe private equity hospital transactions
Iowa Sen. Chuck Grassley and Rhode Island Sen. Sheldon Whitehouse, ranking member and chair of the Senate Budget Committee, respectively, have launched an investigation into the effects of private equity ownership on hospitals. -
6 recent hospital service cuts, closures
Many hospitals and health systems are continuing to make significant changes due to continued financial challenges and restructuring. -
2 former hospital CFOs involved in legal settlements
December is off to a rocky start for two former hospital CFOs who have agreed to pay a significant amount in legal settlements over the last week. -
20 RCM mergers and acquisitions in 2023
Here are 20 revenue cycle management mergers, acquisitions and partnerships reported by or shared with Becker's in 2023: -
WellSpan operating margin drops to 0% in FY Q1
York, Pa.-based WellSpan Health reported an operating loss of $5.8 million (0% margin) in the fiscal year first quarter ending Sept. 30, down from an $11.6 million gain (0.1% margin) in the same period last year, according to financial documents published Dec. 4
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