Today's Top 20 Health Finance Articles
  • Steward rehab hospital to close April 2

    Stoughton, Mass.-based New England Sinai Hospital, a rehabilitation hospital owned by Steward Health Care, is slated to close April 2.
  • CFOs split on AI's financial value

    CFOs have mixed opinions on how artificial intelligence will affect the finances of their respective health systems, according to a report from the Healthcare Financial Management Association and Eliciting Insights.  
  • Claims denials are costing hospitals nearly $20B per year

    Hospitals and health systems are spending an estimated $19.7 billion per year to fight denied claims, according to a March 21 report from healthcare solutions company Premier. 
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • Hospitals' widening financial gap

    On average, hospitals with solid financial results improved their results throughout the pandemic, while hospitals with poor financial performances saw their results worsen, Kaufman Hall wrote in a recent analysis.
  • Bon Secours Mercy Health hospital closing, transferring labor and delivery services

    Mercy Health-Fairfield (Ohio) Hospital, part of Cincinnati-based Bon Secours Mercy Health, is closing its labor and delivery services and transferring them to Mercy Health-Anderson Hospital and Mercy Health-West Hospital, both in Cincinnati, effective May 1.
  • Biden signs $1.2 trillion bill with 1% bump for HHS to avoid shutdown

    President Joe Biden signed a $1.2 trillion spending package March 23, averting a partial government shutdown and funding federal agencies for the next six months. 
  • Dozens of health systems ask CMS to crack down on Medicare Advantage denials

    Over 100 hospitals, health systems and providers signed on to a call for CMS to do more on Medicare Advantage denials. 
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  • SSM Health cuts operating loss by 76%

    St. Louis-based SSM Health reported a $58.5 million operating loss (0.6% margin) in 2023, an 76% improvement on the $248.9 million loss (2.7% margin) in the previous year.
  • Nearly half of health systems are considering dropping Medicare Advantage plans

    "Onerous" authorization requirements and high denial rates have health systems considering whether to drop Medicare Advantage plans, according to a report from the Healthcare Financial Management Association and Eliciting Insights. 
  • Where health system CFOs are spending their time

    Health system CFOs spend nearly a quarter of their time on revenue cycle management, according to a report from the Healthcare Financial Management Association and Eliciting Insights. 
  • 7 health systems with credit rating upgrades

    Here are seven health systems that have had their credit ratings upgraded by Fitch Ratings or Moody's Investor Services in 2024:
  • 2 HSHS Wisconsin hospitals close

    Chippewa Falls, Wis.-based St. Joseph's Hospital and Eau Claire, Wis.-based Sacred Heart Hospital, both part of Springfield, Ill.-based Hospital Sisters Health System, have closed, a spokesperson for HSHS confirmed with Becker's on March 22. 
  • A leading money loser for hospitals

    Obstetrics and delivery services are one of the leading money losers of all hospital services, and a growing number of rural hospitals are closing obstetric departments to protect the financial viability of the overall enterprise, according to a recent analysis by Kaufman Hall. 
  • California hospital ineligible for bankruptcy, court rules

    Hollister, Calif.-based Hazel Hawkins Memorial Hospital failed to satisfy all the statutory requirements to remain in Chapter 9 bankruptcy, according to a March 21 Bankruptcy Court ruling.
  • Health system finance teams ripe for change

    Debra Thomas, senior vice president and CFO of the East Florida Division at AdventHealth, sees a big opportunity to transform her finance team in the coming years as the healthcare delivery system evolves.
  • New omnibus bill up for vote — What it means for healthcare

    The House and Senate Appropriations committees have released the Further Consolidated Appropriations Act of 2024, which would fund all remaining federal agencies through the fiscal year ending Sept. 30. 
  • Indiana hospital closing birthing center, transferring services

    Columbia City, Ind.-based Parkview Whitley Hospital, part of Fort Wayne, Ind.-based Parkview Health, is closing its family birthing center and relocating it to the new Warsaw, Ind.-based Parkview Kosciusko Hospital, tentatively scheduled for Sept. 1.
  • 'Get ahead and stay ahead': Sanford Health CFO on improving margins

    As hospital margins remain a mixed bag, Sioux Falls, S.D.-based Sanford Health CFO Scott Wooten encouraged other healthcare leaders to make hard decisions as early as possible to help improve their margins.
  • 36 rural hospitals have closed since 2020

    Jellico (Tenn.) Regional Hospital, a 25-bed critical access facility, closed March 9, making it the 36th rural hospital to shutter or no longer provide inpatient services since 2020, according to data compiled by the University of North Carolina's Cecil G. Sheps Center for Health Services Research. 
  • How many Americans have $0 in retirement savings?

    More than a quarter of Americans have not contributed a penny to their retirement savings, according to a recent survey from GoBankingRates. 

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