Today's Top 20 Health Finance Articles
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Top talent fuels 'resurgence of optimism' at Pennsylvania system
West Reading, Pa.-based Tower Health recently agreed a $142 million debt refinancing deal with bondholders to almost double its days of cash on hand and secure a longer runway to execute its financial turnaround and return to profitability. -
Mercy Health seeks developer for shuttered hospital deemed 'functionally obsolete'
Cincinnati-based Mercy Health is seeking proposals from developers for the next phase of its redevelopment of the former St. Luke's campus in Maumee, Ohio. -
10 hospitals, health systems seeking CFOs
Below are 10 hospitals and health systems that recently have posted job listings seeking CFOs and assistant CFOs. -
The 'relentless challenge' of value-based care
Hospitals across the board have adopted at least one value-based care model, covering almost half of their patient populations, as healthcare continues its push away from fee for service. But only 29% of hospital leaders report substantial cost savings from value-based care models, suggesting a need to explore other strategies to ensure fiscal stability, according to a report published June 12 by FTI Consulting's "Hospital Operations Outlook Survey." -
Dana-Farber posts $62M operating income in 1st half of 2024
Boston-based Dana-Farber Cancer Institute reported a $62 million operating income for the six months ended March 31, up from an operating income of $54.3 million over the same period last year, according to its June 11 financial report. -
Prospect Medical must pay $17M of unpaid bills in 10 days
Los Angeles-based Prospect Medical Holdings has been ordered to pay more than $17.3 million of unpaid bills to hospital vendors within 10 days by Rhode Island Superior Court Judge Brian Stern on June 12, according to court documents obtained by Becker's. -
Fitch downgrades Pennsylvania health system's rating
Meadowbrook, Pa.-based Holy Redeemer Health System had its rating downgraded to "BB-" from "BB+" by Fitch. -
US health spending to top $7.7 trillion by 2032: CMS
CMS expects national health spending to reach $7.7 trillion by 2032, with 2023 expenditures projected to have hit $4.8 trillion and have grown by a rate of 7.5%. -
These CFO tactics are 'not very sexy' but key to financial success
Though hospital operating margins seem to be recovering, first-quarter results have been a mixed bag, and 40% of hospitals are still losing money, according to Kaufman Hall. -
Good news for hospital expenses
Inflation in the U.S. declined for a second month in May, an encouraging sign for the Federal Reserve, which is looking for indicators that it can begin lowering interest rates, according to Bloomberg. -
Cone Health executes $100M turnaround
Cone Health, a Greensboro, N.C.-based health system with five hospitals, executed a $100 million financial turnaround last year through strategic maneuvering and a focus on workforce transformation. -
The most important factors for a successful revenue cycle team
Strong leadership is the most important factor contributing to a successful revenue cycle, according to a June 4 report from Sage Growth Partners. -
OHSU to end 142 employee contracts in 1st wave of layoffs
Portland-based Oregon Health & Science University has released more information regarding its plans to lay off at least 500 employees. -
4 CFOs' keys to improved operating performance
Altru, Memorial Health, Penn State Health and Sharp HealthCare are among the systems that reported improved year over year operating performance in their most recent financial reports. -
Yale New Haven CFO's 'key to success' amid strong competition, consolidation
Health system CFOs around the country are working to expand access to care, either organically or through strategic partnerships, and grow their businesses after a financially challenging couple of years. -
Steward snags $225M safety net for hospitals
Dallas-based Steward Health Care has snagged an additional $225 million loan commitment from a group of lenders to keep its 31-hospitals and physician group, Stewardship Health, operational ahead of auction. -
AMA adopts new prior authorization reform policies
The American Medical Association House of Delegates approved new prior authorization reform policies during its annual meeting. -
The top workforce challenges facing revenue cycle departments
Understaffing is the top workforce challenge facing health system revenue cycle departments, according to a June 4 report from Sage Growth Partners. -
OhioHealth the latest system to outsource home health operations
Columbus-based OhioHealth plans to outsource its home health and hospice services to Compassus, a company that specializes in providing integrated home-based care. -
How supply costs have grown at 20 health systems
On average, supply costs comprise about 10.5% of a hospital's budget, the American Hospital Association said its May 2 "Cost of Caring" report, citing data from Strata Decision Technology.
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