Many large health systems are forming strategic partnerships and joint ventures for the development or management of ambulatory surgery centers as care continues to shift from inpatient to outpatient settings. 

Chesterfield, Mo.-based Mercy, which operates 44 hospitals, has reported net income of $104.4 million for the fiscal year ending June 30 versus an almost $300 million net loss in the same period last year.

Four of the largest for-profit health systems in the country ended the second quarter with healthy operating margins, building on first-quarter performances as patient volumes rebound and spending on high-cost contract labor declined. 

Shuttered Madera Community Hospital is attempting to sell off a 35.6-acre parcel of farmland to reduce some of its debt, according to a Sept. 15 Fresnoland report.

Burlington-based the University of Vermont Medical Center has had its plans for a 10 percent increase of commercial insurance rates struck down, according to a Sept. 14 WCAX report.

Claims submission is the revenue cycle management stage where providers are most frequently seeing backlogs, according to a Sept. 14 report from Plutus Health. 

Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.

St.Louis-based Ascension, one of the largest health systems in the country, has reported a full-year operating loss of $3 billion on revenue of $28.35 billion, compared with an $879.2 million loss on $27.98 billion in revenue last year, according to recently released financial documents.

The weighted average final claims denial rate for the five best-performing states was 1 percent through the first six months of 2023 compared to 7 percent for the bottom five, according to a report published Sept. 11 by Crowe, a public accounting, consulting and technology firm.

"Significantly elevated" operating losses at Burlington, Mass.-based Tufts Medicine have resulted in the system having credit ratings downgraded two notches to "BBB-" from "BBB+," S&P Global said Sept. 14.

Atlanta-based Grady Health System's finances are improving despite the added strain resulting from the closure of the city's only other safety-net hospital, the Atlanta Business Chronicle reported Sept. 13. 

New York City-based Mount Sinai Health is to close its Beth Israel campus in the city "after years of agonizing debate and analysis" and could open a smaller facility downtown in the future.

Physicians have seen reimbursement fall over the last few years and are looking for additional compensation from hospitals in service line agreements and call coverage contracts as a result, according to the VMG Health 2023 Physician Alignment: Tips and Trends Report.

The American Medical Association released updates Sept. 8 to its Current Procedural Terminology code set for 2024.

Cost reduction is a leading priority for health system CFOs — in fact, it is the top area CEOs have asked them to focus on, according to a survey from Deloitte. 

Health plan and health system CFOs point to the current economic situation when asked to identify their top concern, according to a Sept. 14 survey from Deloitte. 

Bucktail (Pa.) Medical Center CEO Tim Reeves told Becker's that a cash infusion is "really necessary" to ensure that the hospital can continue to pay its vendors and keep its doors open.

Many hospitals and healthcare systems have reported quarterly and first half financial results within the past several weeks. Here are 17 systems that have reported profitable results both in terms of operating income and, in some cases, net income.

The weighted average initial claims denial rate for the top five states was 6.7 percent through the first six months of 2023 compared to 16 percent for the bottom five, according to a report published Sept. 11 by Crowe, a public accounting, consulting and technology firm. 

Wilmington, Del.-based ChristianaCare is partnering with AblePay to streamline the patient billing and payment experience.