Today's Top 20 Health Finance Articles
-
Notre Dame receives $20M gift for precision health institute
The University of Notre Dame has received a $20 million gift to endow the newly created Berthiaume Institute for Precision Health.
-
E-cigarette use linked to $15B in healthcare spending, study finds
Adult e-cigarette use is associated with substantially higher rates of healthcare utilization and led to $15.1 billion in healthcare spending in 2018, according to a study published May 23 in Tobacco Control.
-
Soaring labor costs 'No. 1 thing' keeping Temple Health CFO up at night
Temple Health CFO Nicholas Barcellona said rising salary and benefit expenses are "probably the No. 1 thing that is keeping me up at night," the Philadelphia Inquirer reported May 27.
-
UPMC's big losses in Q1: 6 things to know
The University of Pittsburgh Medical Center recorded a decline in operating income of over 80 percent, and the system lost over $240 million in investing and financing during the first quarter, according to the company's earnings report released May 26.
-
California hospital closes
Patients' Hospital of Redding (Calif.) closed May 27 after 30 years, according to KRCR.
-
Cleveland Clinic reports $282M quarterly loss
Cleveland Clinic ended the first three months of this year with higher revenue, but rising expenses offset those gains, according to financial documents released May 26.
-
Oregon hospital to close behavioral health unit, lay off 56 temporary employees
Coos Bay, Ore.-based Bay Area Hospital will close its inpatient behavioral health unit and cancel the contracts of 56 temporary employees in response to financial challenges from COVID-19 and high labor costs.
-
HHS urged not to 'abruptly curtail' COVID-19 waivers
Hospital groups in Oregon and Washington wrote HHS Director Xavier Becerra May 23, urging him not to abruptly end COVID-19-related waivers and regulatory flexibilities when the public health emergency ends.
-
Montefiore Health System posts $57M net loss for Q1
New York City-based Montefiore Health System posted a net loss of $57.66 million for the three months ended March 31, an improvement from the same period last year, which had a net loss of $66.84 million, according to its financial results released May 26.
-
Tennessee court tries out online medical debt resolution
A judge in Tennessee's Hamilton County is piloting an online dispute resolution platform to keep medical debt collection out of court, according to a report from the ABA Journal's June/July 2022 issue.
-
7 health systems outsourcing RCM
Seven health systems have decided to outsource finance jobs or other revenue cycle functions since Jan. 1.
-
Healthcare spending will drop $11.4B, over 3 million to lose insurance if ARPA tax credits expire, study finds
Healthcare spending will decrease by $11.4 billion nationwide in 2023 and 3.1 million people will become uninsured if Congress does not extend the American Rescue Plan Act subsidies established last year, according to a study released May 25 by the Urban Institute.
-
8 recent gifts to healthcare organizations of $20M or more
Becker's has reported on the following eight donations of $20 million or more since April 29:
-
Healthcare district needs $16M in 90 days to save California hospital
Pajaro Valley Healthcare District Project still needs $16 million by Aug. 31 to buy Watsonville (Calif.) Community Hospital, Lookout Santa Cruz reported May 24.
-
CorroHealth expands RCM services with Aergo Solutions acquisition
Revenue cycle management company CorroHealth is expanding its services with the acquisition of Aergo Solutions
-
Financial updates from 16 health systems
The health systems listed below recently released financial results for the quarter ended March 31.
-
Florida hospital can't cover paychecks
It has been more than a month since employees of Healthmark Regional Medical Center in DeFuniak Springs, Fla., received paychecks, according to WMBB.
-
44% skipped healthcare over cost uncertainty, survey says
Forty-four percent of Americans avoided getting healthcare services due to uncertainty of cost, according to a report released May 24 by healthcare transparency and guidance company HealthSparq.
-
No Surprises Act prevented more than 2M unexpected bills, study says
The No Surprises Act prevented more than 2 million unexpected medical bills to commercially insured patients in the first two months of 2022, according to a joint study released May 24 by the Blue Cross Blue Shield Association and America's Health Insurance Plans.
-
Trinity Health plans layoffs in Massachusetts
Mercy Medical Center in Springfield, Mass., part of Trinity Health of New England, is trimming jobs.