Today's Top 20 Health Finance Articles
  • UPMC sees net income hit $1.2B through Q3

    Pittsburgh-based UPMC saw its net income reach $1.2 billion through the first nine months of 2021, driven by strong operating and investment gains, according to its financial report. In the same period last year, UPMC had a net income of $263 million. 
  • 7 ways the $4.5 trillion in COVID-19 relief funds supported healthcare investment

    In total, the federal government spent $4.52 trillion for COVID-19 relief, which allowed for several sectors to make needed investments, The New York Times Magazine reported Nov. 24. 
  • Houston hospital slated to lose Medicare contract

    United Memorial Medical Center in Houston will lose its Medicare contract Dec. 11 for failing to meet program requirements, according to a notice of termination letter CMS published Nov. 23. 
  • Higher penalties for undisclosed prices won't sway all hospitals to comply, consultant says

    While CMS' move to increase the penalty for hospitals that don't publish their prices will make some facilities more likely to comply with that requirement, it may not sway the country's largest health systems, Caroline Znaniec, a managing director at advisory firm CohnReznick, told Becker's Hospital Review.
  • Surprise billing in the US: 4 things to know

    Surprise billing rules will take effect Jan. 1 and are intended to protect patients from unexpected costs and create a process for payers and providers to settle disputes.
  • 6 organizations erasing medical debt for patients

    Sixty-six percent of U.S. bankruptcies are linked to medical debt issues, and 25 percent of U.S. credit card debt is medical debt, according to New York City-based RIP Medical Debt.
  • 10 hospitals seeking RCM leaders

    Ten hospitals and health systems recently posted job listings seeking revenue cycle management leaders.
  • Automation & Analytics in RCM

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  • HHS creates ground ambulance and patient billing committee, solicits nominations

    HHS will create a Ground Ambulance and Patient Billing Advisory Committee as part of its implementation of the No Surprises Act. 
  • Geisinger's net income rises by $400M through Q3

    Danville, Pa.-based Geisinger posted net income of $456.3 million in the nine months ended Sept. 30, a more than $400 million increase from the same period in 2020, according to its financial report. The increase in net income through the third quarter was largely driven by a $334.6 million gain from nonoperating activities. 
  • Medical debt collection disproportionately affects Black Americans

    There is a burden of $140 billion in past-due medical bills shown on U.S. credit files, and 28 percent of Black households have medical debt compared to only 17 percent of white households, Bloomberg reported Nov. 22.
  • HHS distributes $7.5B in pandemic aid to providers

    HHS began distributing $7.5 billion in payments to rural healthcare providers affected by the COVID-19 pandemic, the agency announced Nov. 23. 
  • HHS secretary defends surprise-billing arbitration process

    HHS Secretary Xavier Becerra is defending CMS' proposed surprise-billing rule, bashed by several medical groups as an unfair gift to health insurers, according to Kaiser Health News.
  • 10 hospitals seeking CFOs

    Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.
  • Provider Relief Fund 60-day grace period ends Nov. 30

    The 60-day grace period — which began Oct. 1 — to submit Provider Relief Fund reports for those who received more than $10,000 ends Nov. 30, according to the Health Resources and Services Administration.
  • Ascension's net income dips by more than $1B in Q1

    St. Louis-based Ascension posted net income of $80.4 million in the three months ended Sept. 30, a more than $1 billion decrease from the same period last year, according to its quarterly financial report. The large decrease was largely driven by a drop in nonoperating gains, which totaled $79.7 million in the first quarter of fiscal year 2022 and $1.2 billion in the same quarter one year prior.
  • Advocate Aurora's operating income narrows in Q3

    Despite posting higher revenue in the third quarter of 2021, Advocate Aurora Health saw its operating income shrink when compared to the same quarter last year, according to recently released financial documents.
  • AdventHealth's net income slides in Q3

    AdventHealth, a 46-hospital system based in Altamonte Springs, Fla., recorded higher revenue in the third quarter of 2021, but ended the period with lower operating income, according to recently released financial documents.
  • The cost of gun violence in the US, by the numbers

    Every year, gun violence kills nearly 40,000 people in the U.S. and costs the nation $280 billion, including medical, criminal justice and quality-of-life expenses. 
  • House passes $1.7 trillion spending package: 6 healthcare takeaways

    The House of Representatives passed a $1.7 trillion spending package Nov. 19 aimed at expanding social services and programs ranging from healthcare to education. 
  • Mayo Clinic operating income more than doubles

    Mayo Clinic's financial and operating performance was strong in the first nine months of this year, with revenue gains offsetting higher expenses, according to financial documents released Nov. 18. 

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