Today's Top 20 Health Finance Articles
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AHA pushes further congressional action over Change Healthcare hack
The American Hospital Association is urging Congress to consider existing statutory limitations that could limit aid from CMS and HHS to hospitals and providers affected by the Change Healthcare cyberattacks in February. -
Massachusetts hospital margins over the last 3 years
A Massachusetts Center for Health Information and Analysis 2024 annual report revealed that state acute care hospitals have seen margin fluctuation over the last three years. The hospital margins went from 5% in 2021 down to -4.2% in 2022 and back up to 1.6% in the first six months of 2023. -
HFMA pushes back on 'irresponsible' price transparency report
The Healthcare Financial Management Association is pushing back on the latest report from PatientRightsAdvocate.org, calling it "irresponsible" and "incorrect." -
Mass General Brigham AI RCM spinoff lands $40M
CodaMetrix, a spinoff of Somerville, Mass.-based Mass General Brigham that uses artificial intelligence for health system revenue cycle management, closed a $40 million Series B funding round. -
Tenet: Value-based care 'increasingly affecting' hospital operations
Many health systems are expanding value-based care strategies and taking a more nuanced approach to the site of service for care, but Dallas-based Tenet Healthcare warned investors that the "trend toward value-based purchasing and alternative payment models may negatively impact our revenues." -
Bristol Health eliminates 60 positions
Despite Bristol (Conn.) Health's financial improvements in fiscal year 2023, the health system has eliminated 60 positions in an effort to cut costs amid ongoing financial challenges faced across the healthcare industry. -
Indiana hospital to close behavioral health unit
Daviess Community Hospital in Washington, Ind., will close its inpatient behavioral health unit May 1 as it looks to put more resources into outpatient mental health services. -
Adventist Health hospital pausing obstetrics services
Adventist Health Tulare (Calif.) is pausing obstetrics services on June 6 for an unspecified amount of time, the Valley Voice reported March 11. -
4 Ensemble partnerships in 2024
Ensemble Health Partners was named the best company for end-to-end revenue cycle outsourcing in 2024 by KLAS Research. -
Biden's $7.3 trillion budget: 16 healthcare takeaways
President Joe Biden proposed a $7.3 trillion budget March 11, including various initiatives to lower healthcare costs and an $800 million investment in hospital cybersecurity protection. -
HSHS moves up 2nd hospital closure
Springfield, Ill.-based Hospital Sisters Health System will close not one, but two Wisconsin hospitals on March 22. -
R1 RCM forms committee to evaluate options in wake of buyout offer
R1 RCM has formed a special committee of independent directors to evaluate "strategic alternatives" in the wake of two major shareholders mulling an offer to take the company private. -
Louisiana behavioral health system gets 2 'immediate jeopardy' citations in a year
Northlake Behavioral Health System in Mandeville, La., has received two "immediate jeopardy" designations for substandard patient care within a year and is at risk of losing the ability to collect Medicare and Medicaid reimbursements, nola.com reported March 6. -
CMS accelerates payments to physicians following Change attack
CMS is expanding its response to the cyberattack on UnitedHealth Group's Change Healthcare to include advance payments to physicians and other outpatient care providers experiencing claims disruptions. -
Steward looks to transfer all 9 Massachusetts hospitals amid lawmaker backlash
Dallas-based Steward Health Care is looking to transfer ownership of its nine Massachusetts hospitals as lawmakers shared another letter with Steward's CEO Ralph de la Torre, MD, "blasting him" over the health system's ongoing financial struggles. -
HHS requests 'stopgap' payments to hospitals, pause on prior authorizations amid Change outage
The cyberattack disrupting Change Healthcare's claims processing system has had a financial impact on hospitals and forced many to develop workarounds for claims submissions. -
Michigan county to relieve $700M in medical debt
Wayne County, Mich., home to Detroit, has announced a program to relieve medical debt for up to 300,000 county residents, the Michigan Advocate reported March 7. -
Some hospitals risk 'running out of cash' amid Change outage: Moody's
The February cyberattack on UnitedHealth Group's Change Healthcare will affect hospital finance and credit ratings as providers search for alternative claims filing methods, according to a Moody's Investor Service report, released March 8. -
Adventist hospital to close 3 medical practices
Adventist Health Tillamook (Ore.) plans to close three medical offices after years-long efforts to recruit additional qualified medical providers into the rural communities. -
From -6.8% to 12.2%: 43 health systems ranked by operating margins
Health system operating margins improved in 2023 after a tumultuous 2022. Increased revenue from rebounding patient volumes helped offset the high costs of labor and supplies for many systems, but some continue to face challenges turning a financial corner.
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