Today's Top 20 Health Finance Articles
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Duke LifePoint hospital back in full CMS compliance
Wilson (N.C.) Medical Center is in full compliance with CMS' conditions of participation, a hospital spokesperson told Becker's Aug. 18 -
Hartford HealthCare secures $50M credit
Hartford (Conn.) HealthCare has taken out a $50 million line of credit for unspecified purposes, according to an Aug. 16 filing. -
Texas hospital to lay off 76
Mechanicsburg, Pa.-based Vibra Healthcare is laying off 76 employees at its specialty hospital in DeSoto, Texas, according to WARN filings from July 27. -
Mayo Clinic reports $547M Q2 net profit
Mayo Clinic generated almost $300 million in operating income on revenue of $4.47 billion in the second quarter, according to an Aug. 17 filing. -
CMS fines 3 hospitals for alleged price transparency violations
CMS has fined three more hospitals for alleged price transparency violations. -
Healthcare leaders must address resiliency threats amid country's downgrade, Kaufman Hall says
None of the credit pillars supporting healthcare funding are stable, Kaufman Hall said in an Aug. 12 report. -
WVU Medicine reports 3% operating margin even as expenses soar
Morgantown-based West Virginia University Health System, the state's largest employer, has reported first-half operating income of $89.2 million on revenues of $2.9 billion. -
More than 33% of health system execs plan to automate 2 or more RCM functions in 2024
More than one-third of health system executives are planning to automate two or more revenue cycle management or financial functions in 2024, according to a survey by the Healthcare Financial Management Association and Eliciting Insights. -
California grants Laguna Honda Hospital recertification
San Francisco-based Laguna Honda Hospital's application for Medicaid recertification was approved Aug. 16. -
CMS requests applications for new primary care payment model
CMS is launching a new primary care model aimed at reducing costs and provide integrated care, according to an Aug. 14 report. -
Are nonprofit systems part of the US healthcare problem?
Often-heard claims by nonprofit health systems that they are teetering on insolvency are largely ignored by the public, especially in communities where such systems are building new hospitals, according to an Aug. 14 viewpoint from a health policy analyst. -
The rich are getting poorer
Global wealth has declined for the first time since 2008, causing millions to fall from "millionaire" status, according to this year's "Global Wealth Report" from UBS and Credit Suisse economists. -
Illinois system includes valet workers in layoffs
Earlier this month, Springfield, Ill.-based Memorial Health announced layoffs of hundreds of employees, including 20 percent of leadership positions, citing "current national and statewide economic trends." These cuts include the end of valet service, which was available to the public on weekdays, according to the State Journal-Register. -
Hospitals take aim at Medicare Advantage
Medicare Advantage may now provide health coverage to more than half of the nation's seniors, but that is not stopping health systems from pushing back against the growing and controversial program. -
Sanford vs. Fairview Q2 results after nixed merger
The long-awaited merger between Minneapolis-based Fairview Health and Sioux Falls, S.D.-based Sanford Health finally died July 27. -
Why OhioHealth's VP of revenue cycle refuses to get complacent
Complacency is one of the biggest pet peeves for OhioHealth's system vice president of revenue cycle, Girish Dighe, PharmD. -
Bondholders ask court to investigate Mercy bankruptcy filing
Bondholders of Mercy Iowa City have asked a judge to appoint an examiner to investigate why the hospital filed for bankruptcy protection without consulting them, The Gazette reported Aug. 15. -
ProMedica scraps plans for new hospital after Q2 loss
Toledo, Ohio-based ProMedica has called off plans to build a hospital in Monroe, Mich., The Monroe News reported Aug. 15. -
Embattled California hospital reports $1.3M loss
Hollister, Calif.-based Hazel Hawkins Memorial Hospital, which is set to be taken over operationally by American Advanced Management, has reported an operating loss of $1.3 million as of June 30. -
How HCA, Tenet, CHS and UHS compare on size, exec pay & more
HCA Healthcare, Community Health Systems, Tenet Healthcare and Universal Health Services are among the largest for-profit health systems in the country. Each system has a unique backstory and commands an extensive network of facilities and physicians.
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