Today's Top 20 Health Finance Articles
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Steward puts financial Band-Aid on Massachusetts hospitals
Dallas-based Steward Health Care is throwing a financial safety net around its nine Massachusetts hospitals amid reports that the health system was looking to sell four of them to settle its ongoing financial difficulties. -
Optum didn't build hospitals — it hired their employees
In 2019, former UnitedHealth Group CEO David Wichmann made a clear statement to investors: Optum's growth strategy did not include ownership of inpatient care facilities. In other words, the company would not build hospitals. -
10 physicians affected by staffing changes at Pennsylvania health system
Ten physicians at Johnstown, Pa.-based Conemaugh Health System, part of Brentwood, Tenn.-based Duke LifePoint Healthcare will be affected by staffing structure changes and service consolidation at some of its practices, The Tribune-Democrat reported Feb. 2. -
Prospect Medical Holdings gets strict deadline for Crozer Health sale
Los Angeles-based Prospect Medical Holdings is required to inform potential buyers that its Upland, Pa.-based Crozer Health is for sale under a recent agreement approval, The Philadelphia Inquirer reported Feb. 1. -
Potential buyer steps forward for HSHS hospitals facing closure
A Wisconsin independent physician network has reached out to Springfield, Ill.-based Hospital Sisters Health System hoping to purchase some of its hospital properties in Wisconsin. -
Providence to repay, forgive $157.8M in patient debt
Renton, Wash.-based Providence will provide $157.8 million in refunds and debt relief to low-income patients as part of an agreement with the Washington State Office of the Attorney General stemming from a lawsuit filed against the system two years ago. -
U of Chicago Medical Center lays off 180 workers
University of Chicago Medical Center has laid off about 180 employees, or less than 2% of its roughly 13,000-person workforce. -
How HCA plans to tackle its long-term goals in 2024
HCA CEO Sam Hazen said the Nashville, Tenn.-based health system plans to invest significantly in its long-term plans in 2024. -
Why Tenet is projecting strong 2023 results
A week ahead of the release of its fourth-quarter earnings, Dallas-based Tenet Healthcare said it is expecting its adjusted EBITDA for the year ended Dec. 31 will be "above the high end" of its current guidance range. -
Minnesota hospitals lose $487M to discharge delays: Report
Unnecessary, unpaid hospital stays have brought Minnesota hospitals to a "critical point," according to Rahul Koranne, MD. -
Adventist Health Oregon hospital losing dialysis services
Plano, Texas-based U.S. Renal Care is closing its dialysis services at Roseville, Calif.-based Adventist Health's Tillamook, Ore., campus on Feb. 23. -
5 things to know about HCA's next CFO
Mike Marks will become executive vice president and CFO of Nashville, Tenn.-based HCA Healthcare on May 1. -
'Running on a shoestring': Steward's financial struggles' impact on employees, patients
From surgeons being forced to purchase their own medical instruments to patient meals being reduced to crackers after sandwiches ran out, Dallas-based Steward Health Care's financial struggles are significantly impacting patients and employees, The Boston Globe reported Jan. 31. -
10 RCM headlines to know from January
From R1 RCM closing its acquisition of Acclara from Providence to VHC Health striking a 15-year partnership with Med-Metrix, here are 10 revenue cycle management updates Becker's reported in January. -
Health system CFOs invest in 'patient loyalty' model
Nearly three-quarters of healthcare CFOs see patient experience as the most important growth priority for their organizations, according to a Grant Thornton survey of more than 100 CFOs. -
Fed chair says March rate cut unlikely
Federal Reserve Chair Jerome Powell said he thinks rate cuts are unlikely at the central bank's next meeting in March, Bloomberg reported Jan. 31. -
MemorialCare lays off 72 workers across 2 hospitals
Fountain Valley, Calif.-based MemorialCare has laid off 72 positions due to restructuring efforts across its Long Beach (Calif.) Medical Center and Long Beach, Calif.-based Miller Children's and Women's Hospital. -
'Safety-nets also need a safety net': CarePoint CEO targets financial sustainability
CarePoint Health is seeking more than $130 million in state funding and pursuing a unique strategic partnership to shore up its finances and continue to provide critical care services at its three safety-net hospitals, which have seen a combined 50,000 underinsured or uninsured patients since the pandemic. -
Hospitals could get boost from rising Medicare Advantage use
Increasing Medicare Advantage spending could be a bright spot for hospitals' finances. -
HCA now operates 186 hospitals, nearly 50k beds
Nashville, Tenn.-based HCA Healthcare is now operating 186 hospitals and 49,588 total licensed beds, up three hospitals and 279 beds from the third quarter, 2023, according to its financial report released Jan. 30.
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