Watsonville (Calif.) Community Hospital could be on the upcoming March 5 primary ballot for a $116 million bond measure approval, the Santa Cruz Sentinel reported Nov. 27. 

Since 2005, 104 rural hospitals have closed and more than 600 additional rural hospitals — 30% of all rural hospitals in the U.S. — are at risk of closing in the near future, according to the Center for Healthcare Quality and Payment Reform. 

Becker's reported on three health systems that have opted to outsource revenue cycle management functions to Optum in 2023: 

Hospitals' median operating margin was 1.2% through October, marking the third straight month with the same year-to-date median and signaling growing stability. 

After laying off 75 workers and eliminating 100 job vacancies in June, Dartmouth Health confirmed through a spokesperson that the health system has "currently no plans for additional layoffs to improve our financial performance," Valley News reported Nov. 27.

The North Carolina Department of Health and Human Services is distributing $2.6 billion to 102 hospitals as the state is set to begin its Medicaid expansion program Dec. 1. 

A survey revealed the vast majority of CFOs working for private-equity portfolio companies are worried about their job security, The Wall Street Journal reported Nov. 27. 

The American Hospital Association is throwing support behind the Assistance for Rural Community Hospitals Act, which would extend for five additional years the Medicare-dependent hospital program and enhanced low-volume Medicare adjustment.

Gardner, Mass.-based Heywood Urgent Care Center is closing to the general public after its parent company, Heywood Healthcare, filed for bankruptcy in October, The Gardner News reported Nov. 27. 

Hershey, Pa.-based Penn State Health saw a financial loss of $160 million on revenues of $3.8 billion in fiscal year 2023, which ended June 30, the five-hospital system announced in a recent press release.

Houston-based Nutex Health, a micro-hospital network, has received a letter granting a 180-day extension to display compliance with Nasdaq's $1 minimum bid requirement.

As the rural maternity care crisis roars on, a northwest Connecticut-based hospital could soon be shutting down their birthing unit, CT Insider reported on Nov. 27.

West Reading, Pa.-based Tower Health continues to make progress on its performance improvement plan as its operating margin for the three months ended Sept. 30 rose to -4.2% from -8% during the same period in 2022. Its operating cash flow margin also increased from -0.9% to 2.3%. 

Pittsburgh-based UPMC reported a $177 million loss on revenues of $20.6 billion for the nine months ending Sept. 30, compared with a $196 million gain on revenues of $18.9 billion during the same period in 2022. 

Following the more than 40 reported layoffs at Monticello, Ark.-based Drew Memorial Hospital in early November, Little Rock-based Baptist Health is looking to clear the air ahead of acquiring the hospital in December, the Advance-Monticellonian reported Nov. 22.

Toledo, Ohio-based ProMedica Health System is relinquishing control of seven skilled nursing facilities to Providence Group, a for-profit corporation, California Attorney General Rob Bonta announced Nov. 21.

Altamonte Springs, Fla.-based AdventHealth has doubled its operating revenue in the last seven years, growing from a $9 billion organization into an $18 billion multistate health system.

Chicago-based CommonSpirit recently reorganized its operations by consolidating its eight operating divisions into five regions. 

Lion Star Nacogdoches (Texas) Hospital, the group that operates Nacogdoches Memorial Hospital, has filed for Chapter 11 bankruptcy in the Northern District of Texas, according to The Daily Sentinel. 

Walmart Health is seeking a billing and revenue manager, according to a Nov. 21 LinkedIn post.