Only 34.5% of 2,000 hospitals reviewed by patientrightsadvocate.org were compliant with federal price transparency rules, according to the organization's semi-annual report released Feb. 29. 

Chicago-based CommonSpirit has made "solid progress" on its financial improvement strategy in the most recent quarter but is "certainly not where we need to be," CEO Wright Lassiter III said during the health system's fiscal second quarter investor call on Feb. 29.

Physicians are set to receive a 1.7% increase in Medicare pay effective March 9 as part of a $460 billion spending package congressional leaders released this weekend.  

After reporting $1.1 billion in net income in 2023, compared to a $715 million net loss in 2022, Jenni Alvey, senior vice president and CFO of IU Health, is pleased with how the health system is coming out of the pandemic.

Four of the major for-profit hospital chains operate 342 acute care hospitals across the U.S. and reported more than $112 billion in revenue combined in 2023.

From Change Healthcare confirming it was hacked by a ransomware gang to Allina Health announcing it will transition 2,000 IT and revenue cycle employees to Optum, here are 10 RCM headlines Becker's reported in February. 

The average operating margin for hospitals in January was 5.1%, down 11% from December, according to the Kaufman Hall National Hospital Flash Report.

Trinity Health significantly reduced its operating losses and increased its positive cash flow margin in the first six months of the 2024 fiscal year, and President and CEO Michael Slubowski has a plan to continue improving enterprise-wide financial health, focused first on access to care.

A PatientRightsAdvocate.org report from Feb. 29 found that just 689 (34.5%) of 2,000 hospitals it examined were fully compliant with federal price transparency rules. 

St. Louis-based BJC HealthCare reported an operating income of $141.6 million (2% margin) in 2023, improving on the $48 million loss (-0.7% margin) it posted the previous year.

Cleveland Clinic posted an operating income of $64.3 million in 2023 after posting a $211.3 million loss in 2022, according to its financial report released Feb. 29. 

S&P Global Ratings upgraded Cooper University Health Care's credit rating for bonds issued by Camden (N.J.) County Improvement Authority to an "A" with a positive outlook. 

Nonprofit hospital margins had a double-digit drop from December to January 2024, according to the Kaufman Hall National Hospital Flash Report.

Marshfield (Wis.) Clinic Health System is closing the urgent care services at its Marshfield Medical Center-Weston (Wis.) location effective March 8.

Toledo, Ohio-based ProMedica reported an operating loss of $44.5 million in 2023, a 91% improvement on the $470.9 million loss in 2022 with all business lines improving year over year, according to financial documents published Feb. 29.

Hershey, Pa.-based Penn State Health saw $22.9 million in operating income in the first six months of fiscal year 2024, ending Dec. 31, 2023, a 120% increase from a loss of $114.1 million for the first six months of fiscal year 2023, according to a recent financial report.

Loma Linda (Calif.) Health launched a multimillion dollar campaign Feb. 28 focused on growth and innovation.

West Reading, Pa.-based Tower Health has permanently closed two of its Pennsylvania urgent care centers and is making changes to other locations as part of consolidation efforts that started Feb. 25.

Here are 15 health systems with strong operational metrics and solid financial positions, according to reports from credit rating agencies Fitch Ratings and Moody's Investors Service released in 2024.

The rate of patient collections fell from 54.8% in 2021 to 47.8% in 2022 and 2023, according to an analysis from Kodiak Solutions.