Cambridge (Mass.) Health Alliance is laying off 69 employees, reducing the hours of 15 others and eliminating 170 open positions in response to ongoing financial and operational pressures, including inflation and staff shortages, according to The Boston Globe. 

Compass Medical, a chain of six medical clinics south of Boston, abruptly closed May 31, according to a Boston 25 News report.

Under the financial stewardship of CFO Jennifer Alvey, Indianapolis-based Indiana University Health reported $45.1 million in operating income for the first quarter — reversing a $29.8 million loss for the same period last year — and returning to the black in 2023. 

The board of trustees at Madera (Calif.) Community Hospital — which has been closed since the start of the year — says the state's $150 loan program for financially distressed hospitals is not enough to reopen the hospital, The Sun reported May 30. 

Indianapolis-based IU Health, while having its default rating and that on $1.5 billion of bonds affirmed at "AA," saw its outlook downgraded amid persistent inflationary challenges and greater than expected capital expenditures, Fitch Ratings said May 31.

Wichita Falls, Texas-based Kell West Regional Hospital's price transparency fine is under review as of May 25, according to CMS' enforcement website. 

Commonwealth Health's Wilkes-Barre (Pa.) General Hospital will no longer provide planned inpatient labor and delivery services, effective July 31. 

The median year-to-date operating margin index for hospitals slightly improved in April to 0 percent, according to Kaufman Hall.

Charlotte, N.C.-based Advocate Health reported $10.4 million in operating income — representing a 0.1 percent operating margin — and overall gain of $578.7 million for the three months ended March 30, its first full quarter.

Inflationary pressures and problems arising from the implementation of a health records system have added to Marshfield (Wis.) Clinic's financial challenges, which led the system to report a $32.6 million operating loss in the first quarter.

Several more nonprofit health systems have posted recent interim quarterly results since Becker's last major roundup May 12.

Oakland, Calif.-based Kaiser Permanente is committing $10 million to support Denver Health as the Colorado system navigates unprecedented financial pressures. 

Winston-Salem, N.C.-based Novant Health reported a $15.2 million operating loss in the first three months of 2023 as expenses rose 8 percent compared with the same period in 2022.

Marshfield (Wis.) Clinic Health System failed to meet its debt service obligations for the fiscal year ending Dec. 31 and was required to hire a consultant to recommend improvements as a result.

Pittsburgh-based UPMC said it is extending a credit line of up to $1 billion, according to a May 30 filing.

UMass Memorial Health plans to close the maternity ward at its HealthAlliance-Clinton Hospital on Sept. 22 due to staff shortages and a declining number of births in the area, the Worcester Business Journal reported May 30.

Texas Gov. Greg Abbott has signed a bill into law that will require hospitals to provide an itemized bill when billing for medical services. 

A decline in COVID-19 funding and sustained expenses issues helped lead St. Louis-based Ascension to a $1.8 billion operating loss in the nine months ending March 31.

Sundar Pichai, CEO of Google, once said, “AI is one of the most profound things we're working on as humanity. It's more profound than fire or electricity.” While some may argue that this claim is ambitious, it is clear that many industries, including healthcare, will undergo significant transformation in the coming years.

Hershey, Pa.-based Penn State Health recent operating losses continued to cascade, reporting a $125.6 million such loss in the period ending March 31 on revenue of $2.8 billion.