The three largest nonprofit health systems, Ascension, CommonSpirit and Trinity Health, reported operating losses and margins in the red for the three months ending Sept. 30, with higher labor and supply costs across the board. However, the systems all experienced increases in revenue as patient volumes continue to rebound. 

Livonia, Mich.-based Trinity Health is diving into 2024 with a "run, evolve and transform" framework to help mitigate the impact on operations from continued negative economic factors.

Cleveland Clinic reported a $14.9 million operating loss on revenues of $3.6 billion in the third quarter of 2023, according to financial documents filed Nov. 29. 

Livonia, Mich.-based Trinity Health reported an operating loss of $58.6 million (-1% margin) in the first quarter of the fiscal year — the three months ended Sept. 30 — compared to a $146.3 million loss (-2.9% margin) during the same period in 2022. 

After kicking off the project in early February, Medical City McKinney (Texas) has unveiled its $17 million Medical City Women's Hospital McKinney.

In light of resumed discussions, Yale New Haven (Conn.) Health is making advancements in acquiring three Connecticut hospitals from Prospect Medical Holdings, CT Insider reported Dec. 1.

Renton, Was.-based Providence recently reorganized its operating model and grouped seven of its operating regions into three new divisions, shifting the health system from seven regional senior leadership teams to three divisional teams.

Lawrence (Kan.) Memorial Hospital CEO Russ Johnson said the hospital will take its time to find a new CFO to replace Mike Rogers, who was fired after hospital staff discovered he was a convicted felon who changed his name last year, The Lawrence Times reported Nov. 29. 

Here are 15 healthcare leaders who have departed from their CFO roles, as reported by Becker's since Nov. 9:

Ontario, Calif.-based Prime Healthcare is transferring more than 800 employees to Alvarado Hospital Medical Center amid a planned sale of the 302-bed hospital to UC San Diego Health for $200 million, according to WARN documents filed with the state Nov. 29.

The Healthcare Financial Management Association and RCM company FinThrive have partnered to launch a revenue cycle management technology adoption model for health systems. 

Along with seven other national organizations, the American Hospital Association is raising concerns about certain CMS Medicaid policy proposals that could harm state access to provider-based funding sources.

Watsonville (Calif.) Community Hospital's $116 million bond measure will be on the upcoming March 5 primary ballot following a unanimous decision during a Pajaro Valley Healthcare District board of directors meeting, CBS 46 reported Nov. 29.

New Hyde Park, N.Y.-based Northwell Health reported a $103.9 million drop in operating income in the third quarter, from a $92.4 million gain in the third quarter of 2022 to an $11.6 million loss in the third quarter of this year, according to financial documents published Nov. 29. 

Washington, D.C.-based MedStar Georgetown University Hospital is opening the doors to its $750 million Verstandig Pavilion, Washington Business Journal reported Nov. 29.

Hospitals are emerging from a financially challenging year with margins holding steady and year over year revenue growth outpacing expense growth in the month of October, according to KaufmanHall's November "National Hospital Flash Report."

Seattle-based Swedish Health Services is kicking off a $1.3 billion-plus North Tower project on its First Hill Campus, Puget Sound Business Journal reported Nov. 29.

Pittsburgh-based Highmark Health reported a net income of $431 million in the first nine months of 2023.

Renton, Wash.-based Providence reported a $310 million operating loss (-4.3% margin) in the third quarter, down from a $164 million loss (-2.3% margin) in the same period last year, according to financial documents published Nov. 29. 

Already a pain point for many, global healthcare costs are expected to remain high over the next year, a WTW report found.