Today's Top 20 Health Finance Articles
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Bon Secours Mercy Health rebounds with $30M operating gain in Q2
Cincinnati-based Bon Secours Mercy Health reported $30.1 million in operating income (0.9% margin), a more than $123 million improvement on the $92.9 million operating loss (-3.1% margin) posted in the second quarter of 2023. -
Premier Health cuts operating loss by 45% in Q2
Dayton, Ohio-based Premier Health saw an operating loss of $13.5 million (-2.2% margin) in the three months ended June 30, 2024, a 45% improvement from a $24.6 million operating loss (-4.3% margin) during the same time period in 2023, according to its Aug. 28 financial report. -
What's going on with Steward's hospital sale delays?
As the status for many of Dallas-based Steward Health Care's 31 hospitals remains uncertain, the for-profit health system has continued to delay facility sale hearings and bid dates after it sought Chapter 11 protection on May 6. -
Inova posts 5.4% operating margin in 1st half of 2024
Falls Church, Va.-based Inova Health System reported an operating income of $170.4 million (5.4% margin) in the first half of 2024, up from an operating income of $97.7 million (3.5% margin) posted over the same period last year, according to its financial report released Aug. 28. -
CEO rebuilds Pennsylvania system after $440M loss
West Reading, Pa.-based Tower Health's new-look leadership team, organizational structure and culture have helped the health system improve its financial performance by more than $160 million year over year while a debt refinancing deal has secured a longer runway to return to profitability. -
Why Intermountain ditched the term 'value-based care'
Salt Lake City, Utah-based Intermountain Health was an early adopter of value-based care principles, deploying strategies to boost quality and lower costs. The health system pioneered owning a health plan and driving down pharmaceutical costs with CivicaRx. -
Tampa General invests $162M to strengthen integration with USF Health
Tampa (Fla.) General Hospital is investing $162 million in 2025 to support greater integration with its university affiliate, USF Health. -
Risant's Cone Health acquisition: 3 new details
Risant Health, a Washington, D.C., nonprofit formed under Oakland, Calif.-based Kaiser Permanente, signed a definitive agreement June 24 to acquire Greensboro, N.C.-based Cone Health. -
Intermountain operating income up 77% in 1st half of 2024
Salt Lake City-based Intermountain Health reported an operating income of $326 million (3.8% margin) over the first half of 2024, up from an operating income of $184 million (2.3% margin) over the same period last year, according to its Aug. 28 financial report. -
Advocate Health posts $450M operating gain, 425% YOY growth
Charlotte, N.C.-based Advocate Health reported $449.8 million in operating income (2.7% margin) in the first six months of 2024, a substantial improvement on the $85.7 million gain (0.6% margin) posted during the same period last year. -
Hospitals began Q3 strong
U.S. hospitals reported a bump in average operating margins and patient volume to begin the third quarter, according to Strata's Monthly Healthcare Industry Financial Benchmarks. -
'One of the worst situations a CFO can be in': Inside a system's split with UnitedHealth
Signs of tensions between Carson Tahoe Health and UnitedHealthcare have been apparent for a while. -
SSM Health's financial rebound hits speed bump in Q2
St. Louis-based SSM Health, a 23-hospital faith-based system, reported an operating loss of $44.8 million (-1.6% margin) for the three months ending June 30, slipping from a $39.6 million loss (-1.5% margin) during the second quarter of 2023. -
Renown posts 7.3% operating margin in 1st half of 2024
Reno, Nev.-based Renown Health posted an operating income of $72.7 million (7.3% margin) in the first half of 2024, up from $4.7 million (0.5% margin) over the same period last year. -
Closures, bids, layoffs: Where Steward's 31 hospitals stand
From seeking Chapter 11 protection on May 6 to sharing plans to close four of its hospitals across Massachusetts and Ohio that would result in a combined 2,187 layoffs, Dallas-based Steward Health Care has experienced a great deal of turbulence over the last year. -
Steward-owned Arizona hospital furloughs workers after operations halted
A Steward Health Care-owned behavioral health hospital in Phoenix has furloughed employees following a state order to suspend operations. -
Nuvance operating margin hits -4.9% ahead of Northwell merger
Danbury, Conn.-based Nuvance Health reported a $92.1 million operating loss (-4.7% margin) for the nine months ending June 30, a slight improvement on the $110.4 million loss (-6.1% margin) posted in the same period last year. -
Inside Providence's $600M first half operating turnaround
Renton, Wash.-based Providence saw a $600 million swing in operating performance between the first half of 2023 and the first half of 2024. -
MyMichigan's CFO shares driving force behind Ascension acquisitions
Following Midland-based MyMichigan's acquisition of St. Louis-based Ascension Michigan locations in Standish, Tawas and Saginaw, MyMichigan CFO Mike Rose told Becker's the driving force behind the purchase was to produce efficiencies both administratively and clinically. -
Orlando Health posts 8.7% operating margin in Q3
Orlando (Fla.) Health posted an operating income of $158.3 million (8.7% margin) in the third quarter of 2024, up from $118.2 million (7.9% margin) in the same quarter last year, according to its Aug. 23 financial report.
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