Today's Top 20 Health Finance Articles
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How revenue cycle leaders can be intentional about automation
Revenue cycle leaders don't expect their workflows to go away due to automation, but instead believe manual workflows will be minimized, according to a Nov. 7 report from KLAS. -
Where 46 health system executives will focus to cut expenses in 2024
Becker's asked C-suite executives from hospitals and health systems across the U.S. to share their organization's areas of growth for the next few years. -
Rural hospitals' maternity care crisis
Only 45% of U.S. rural hospitals currently offer labor and delivery services, and in 10 states, less than 33% do, according to the Center for Healthcare Quality and Payment Reform. -
Mayo Clinic moves to limit weight loss drug coverage for employees
Mayo Clinic will limit coverage for weight loss drugs through its employee health plan starting in 2024, the Post Bulletin reported Nov. 11. -
Baystate Health goes cashless
Springfield, Mass.-based Baystate Health went cashless Oct. 1, according to an Oct. 25 report from The Republican. -
Michigan teaching hospital to bring in consultants amid debt covenant breach
Flint, Mich.-based Hurley Medical Center, a 457-bed public teaching hospital, is bringing in consultants after the system failed to meet debt service coverage requirements, according to a Nov. 10 filing. -
Kansas governor tours state to encourage Medicaid expansion in 2024
Kansas remains one of 10 states that have not adopted Medicaid expansion under the Affordable Care Act. Gov. Laura Kelly intends to change that, according to a Nov. 10 Joplin Globe report. -
Texas Children's closing 2 facilities
Houston-based Texas Children's Hospital is shuttering two health centers that primarily serve low-income patients, the Houston Chronicle reported Nov. 10. -
Mass General Brigham plans to offer $470M in bonds
Somerville, Mass.-based Mass General Brigham plans to offer $470 million in bonds in January, the system said in a Nov. 10 filing. -
IRS examining HCA tax returns
Nashville, Tenn.-based HCA Healthcare, one of the largest healthcare systems in the country, is under examination by the Internal Revenue Service for the tax years 2016, 2017 and 2018. -
Why 2 CFOs are shifting their focus to partnerships
Mark Henrichs, CFO of Iowa City-based University of Iowa Health Care, recently told Becker's he sees partnerships as the "wave of the future" in healthcare. -
Arkansas system reduces workforce ahead of Baptist deal
Monticello, Ark.-based Drew Memorial Hospital plans to lay off more than 40 workers ahead of its planned acquisition by Little Rock-based Baptist Health, the Advance-Monticellonian reported Nov. 9. -
Los Angeles safety-net hospital in danger of closing without more funds
MLK Community Hospital leaders are sounding the alarm that the Los Angeles-based safety-net hospital may run out of money to pay bills as early as next year, the Los Angeles Times reported Nov. 10. -
New York system restructures workforce
Rome (N.Y.) Health Rome Health said it has "made the difficult decision" to restructure its workforce to close its budget gap. -
Proposed No Surprises Act changes fall short, hospital group says
The Washington State Hospital Association said that while many of the proposed changes to the federal No Surprises Act have value, they do not not address continuing major issues with the independent dispute resolution process. -
Optimizing the revenue cycle through automation: 4 takeaways from RCM experts
In a panel discussion at the 8th Annual Becker's Health IT + Digital Health + RCM Meeting about revenue cycle analytics and automation, Carey Tindera and April Harris, both senior directors at Huron, emphasized the importance of a data-driven culture, robust analytics and the optimization of current technologies. -
Hospitals need 'relentless expense management' to boost margins
Health insurers will raise rates next year, predicts Moody's Investor Services, but hospitals will still need to focus on tight cost controls as inflation remains high. -
Fairview layoffs reach chaplains
Fairview Health Services' decision to eliminate hundreds of positions includes cuts to onsite chaplain services, the Star Tribune reported Nov. 9. -
New York system fined $925K over bed closures
State officials have fined Rochester (N.Y.) Regional Health $925,000 claiming it failed to comply with an executive order requiring hospitals to reopen hundreds of psychiatric beds that shut down during the pandemic, Politico reported Nov. 9. -
ECU Health's CFO on embracing 'building a new plane while we're in the air'
The last year has been a bit of a blur for Andy Zukowski, who started his role as CFO of Greensville, N.C.-based ECU Health on Nov. 28.
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