Today's Top 20 Health Finance Articles
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OU Health to cut 100 jobs
Oklahoma City-based OU Health is eliminating about 100 positions as part of an organizational redesign to complete the integration from its 2021 merger. -
NYU Langone reports increased positive operating income
New York City-based NYU Langone Health posted improved operating income for fiscal 2022. -
Good faith estimates, more consumer tools: Turquoise Health on the state of price transparency
As more price transparency data becomes available from hospitals and payers, developers are finding ways to make this data useful for providers and patients. -
Boston Children's sees steep decline in investment values for overall loss
Boston Children's Hospital suffered a steep loss in 2022 driven overwhelmingly by declines in investment values, reporting a net loss of $520 million. -
New Mexico bill would create $200M rural hospital fund
New Mexico Senate Bill 7, designed to create a $200 million Rural Health Care Delivery Fund, had its first hearing before the Senate Health and Public Affairs Committee, The Santa Fe New Mexican reported Jan. 25. -
Advata names chief revenue officer
Advata, the data analytics spinoff from Renton, Wash.-based Providence, has named Brian Taylor its chief revenue officer. -
CorroHealth taps chief commercial officer
RCM company CorroHealth has named John Wallace its chief commercial officer. -
Optum partner Owensboro Health continues to report positive operating income
Owensboro (Ky.) Health, which recently agreed to partner with Optum, reported positive income in its second quarter earnings report even as expenses continued to rise. -
Tennessee hospital CEO focuses on staff retention, denies hospital is for sale
Management at troubled Maryville, Tenn.-based Blount Memorial Hospital is working on staff incentives to help retain a robust permanent workforce, the hospital's CEO said in an update to local officials, according to a Jan. 26 report from The Daily Times. -
Q4 U.S. economy grew by 2.9%
Economic growth remained solid as the U.S. gross domestic product, adjusted for inflation, rose 2.9 percent annually in the fourth quarter, The New York Times reported Jan. 26. -
6 health systems transferring employees to RCM companies
Here are six health systems that have transferred revenue cycle department staff to RCM companies since July 14: -
Another blow to hospital finances ahead
States will be able to disenroll some Medicaid beneficiaries on April 1, which could mean higher bad debt for hospitals, according to a report from Moody's Investment Service Healthcare Quarterly report. -
The 25 most profitable 1-star hospitals
The most profitable of all 192 CMS 1-star hospitals in the nation is Nazareth Hospital in Philadelphia, according to data from Sage Transparency, which was launched by the Employers' Forum of Indiana. -
The 12 least profitable 1-star hospitals, ranked
CMS updated its Overall Hospital Quality Star Ratings on July 27, recognizing 192 hospitals with one star. -
ECU Health closing 5 regional clinics as part of cost-cutting measures
Greenville, N.C.-based ECU Health is closing five regional outpatient clinics as part of a cost-cutting strategy to ensure the long-term sustainability of the health system, according to the Roanoke-Chowan News-Herald. -
BJC Healthcare invests in minority entrepreneur fund, aims to reduce health inequities
St. Louis-based BJC Healthcare has made an anchor investment in a local minority entrepreneur support company in a bid to raise generational wealth in underserved communities and reduce health disparities by doing so. -
Northeast Georgia Health stays in the black even as income declines
Gainesville-based Northeast Georgia Health System, which earlier this month agreed to acquire rural hospital Habersham Medical Center, reported positive operating income of $118.2 million in 2022 even in the face of higher expenses. -
Ascension Texas confirms layoffs
St. Louis-based Ascension has completed layoffs in Texas, the health system confirmed. -
Pittsburgh City Council approves $115M debt relief plan
The Pittsburgh City Council approved legislation to use $1 million in COVID-19 relief funds in a plan that could forgive up to $115 million in medical debt for 24,000 residents, the Pittsburgh Tribune-Review reported Jan. 24. -
Labor shortages and Medicaid changes will lead to uneven inpatient volumes: Moody's
Continuing labor shortages and changes to Medicaid regulations are likely to make hospital inpatient volumes uneven for much of 2023, Moody's warned in a quarterly report issued Jan. 24.
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