Today's Top 20 Health Finance Articles
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St. Margaret's Health planning request to stop services at new hospital
Spring Valley, Ill.-based St. Margaret's Health is looking to file an application to cease inpatient and emergency services at a hospital it acquired in 2021 and combine them with its hospital in Peru, Ill., Shaw Local News Network reported July 7. -
OhioHealth to eliminate 637 jobs, its biggest layoff ever
Columbus-based OhioHealth is eliminating 637 jobs, its biggest layoff ever, according to The Columbus Dispatch. The move is part of a plan to engage external partners to provide some services the system currently provides in house. -
Healthcare sees most job cuts of any industry in 2022
U.S.-based employers announced 32,517 cuts in June 2022, a 58.8 percent increase from 20,476 cuts announced in the same month last year, according to a new job report from Challenger, Gray & Christmas. -
Vermont's 2nd-largest hospital seeks 17.8% rate increase
Rutland Regional Medical Center, Vermont's second-largest hospital, is asking the state's healthcare cost regulator to allow it to increase charges on commercial insurers by an average of 17.8 percent in fiscal year 2023, VTDigger reported July 6. -
Affiliations raise risk of closure for some rural hospitals, study finds
A new study published by JAMA Health Forum suggests that affiliation between hospitals or multihospital systems may protect some financially distressed rural hospitals from closure, but could raise the risk of closure for those that are already financially stable. -
Surge of Buy Now, Pay Later purchases — even for groceries — worries economists
Rising prices have made Buy Now, Pay Later installment plans increasingly popular for small-ticket purchases, such as groceries, worrying economists and consumer advocates, CNN reported July 6. -
Zotec Partners appoints emergency medicine medical director
Zotec Partners, a revenue cycle management company for healthcare providers, has named Mohak Davé, MD, emergency medicine medical director. -
Pandemic relief funds may obscure financial woes at rural Washington hospitals
Despite millions of dollars in COVID-19 relief given to hospitals nationwide, many rural Washington hospitals are struggling to stay afloat, according to a July 6 article from Crosscut. -
Meet Conifer's leadership team
Eight officials make up the executive leadership team for Conifer Health Solutions, a subsidiary of Dallas-based Tenet Healthcare that offers revenue cycle management services and works with healthcare organizations to improve their financial and clinical operations. -
Care New England to remain independent
Providence, R.I.-based Care New England's leaders say they have crafted a plan to allow the health system to remain independent rather than merge with a larger system, CBS affiliate WPRI reported July 6. -
Michigan hospital secures $11M in state funds to stay open
Sturgis (Mich.) Hospital received approval July 6 for $11 million in funds as part of the $77 billion 2022-23 state budget package, Bridge Michigan reported. -
18% of healthcare.gov claims are denied, Kaiser Family Foundation finds
Healthcare.gov insurers denied about 18 percent of in-network claims in 2020, according to a July 5 Kaiser Family Foundation report. -
ProMedica lays off unspecified number of employees in wake of financial challenges
Toledo, Ohio-based ProMedica is laying off an unspecified number of nonclinical employees, the Toledo Blade reported July 5. -
Virginia county's only hospital expected to reopen by 2023
The only hospital in rural Patrick County, Va., is expected to reopen its doors by the end of the year, Radio IQ reported. -
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs. -
Companies expand CFOs' role to retain them amid high demand
The pressure is on for boards to hold onto chief financial officers as firms face the prospect of an economic slowdown and intense competition for talent. -
UVM Health seeks 19.9% rate increase as CFO says system faces 'most challenged financial position' of his career
The University of Vermont Health Network is asking the state's healthcare cost regulator to approve a 19.9 percent commercial rate increase for fiscal year 2023 to cover the cost of inflation, according to a July 1 report from Vermont Business Magazine. -
CMS' proposed rule for Rural Emergency Hospital designations: 8 things to know
CMS on June 30 issued proposed conditions of participation for hospitals looking to receive the rural emergency hospital designation. -
10 providers seeking RCM talent
Here are nine hospitals or health systems that recently posted job listings seeking revenue cycle management expertise. -
Medical Debt Solutions Must Address Both Patient and Provider Needs
The changes to medical debt reporting announced by three of the leading credit bureaus back in March are set to take effect July 1. These changes underscore the seriousness of medical debt in America and the need to work toward common-sense solutions that help consumers while also supporting the provider community.