Today's Top 20 Health Finance Articles
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University Hospitals cuts operating loss in 2023
Cleveland-based University Hospitals posted an operating loss of $256 million in 2023, an improvement from the $302 million operating loss it posted in 2022, according to its financial report released April 18. -
Large health systems may need to rethink growth: Moody's
Scrutiny on nonprofit health system mergers and acquisitions is intensifying and Moody's warned it could become a tougher exit strategy for distressed hospitals, and affect growth of large systems, according to an April 18 2024 Healthcare Quarterly report. -
California hospital to lose Medicare contract
Stanislaus Surgical Hospital in Modesto, Calif., is facing a decision from CMS to end its Medicare contract, according to a termination notice from the federal agency. -
Outpatient oncology services at Steward Massachusetts hospital temporarily paused
Hematology oncology services at financially troubled Dallas-based Steward Health Care's Brockton, Mass.-based Good Samaritan Medical Center are temporarily paused after its provider left. -
'We have to be more people centric': Grady CFO on the future of financial leadership
Coming off a March promotion that added COO to his existing CFO title, Anthony Saul is dedicated to expanding healthcare access at Atlanta-based Grady Health System. -
Minnesota hospital could transition to state's 1st rural emergency facility
Mahnomen (Minn.) Health Center has submitted plans to the state department of health to transition it to the state's first rural emergency hospital. -
Allina hit with credit rating downgrade
Fitch Ratings has downgraded Minneapolis-based Allina Health's long-term ratings on bonds from "AA-" to "A+" with its rating outlook at stable. -
50 things to know about HCA, Tenet, CHS and UHS
HCA Healthcare, Community Health Systems, Tenet Healthcare and Universal Health Services are among the largest for-profit health systems in the country. Each system has a unique backstory and commands an extensive network of facilities and physicians. -
R1 RCM names VP of physician revenue cycle operations
R1 RCM has named Steven Blaine, PhD, vice president of physician revenue cycle operations, according to an April 17 post on his LinkedIn page. -
$12M grant puts shuttered Georgia hospital one step closer to reopening
U.S. Sen. Jon Ossoff has provided $11.8 million in federal funding to Randolph County (Ga.) Hospital Authority, which could support reopening efforts for the shuttered Southwest Georgia Regional Medical Center in Cuthbert, Ga. -
Alabama hospital up for auction 4 years after opening
Thomasville (Ala.) Regional Medical Center faces the possibility of foreclosure and auction sale after opening only four years ago. -
Massachusetts governor to hold meetings on Steward finances
Starting April 18, a series of regional meetings will be held by Massachusetts Gov. Maura Healey's administration with hospitals and community health centers to discuss Dallas-based Steward Health Care's ongoing financial difficulties at its Massachusetts hospitals. -
Private equity healthcare bankruptcies are on the rise: 8 things to know
Healthcare bankruptcies spiked in 2023 amid high debt levels and rising interest rates, with private equity firms owning 17 out of the 80 (21%) companies that filed for bankruptcy last year, according to a report published April 17 by the Private Equity Stakeholder Project. -
Mississippi county explores hospital sale
The Oktibbeha County, Miss., board of supervisors has hired a consultant to survey Starkville, Miss.-based OCH Regional Medical Center in a first step to sell the facility, WTVA reported April 15. -
Northwestern Medicine posts $105M in Q2 operating income
Chicago-based Northwestern Medicine posted an operating income of $104.8 million in the second quarter of 2024, down from $120.3 million posted over the same period last year. -
Shuttered Illinois hospital assets to be auctioned off
All medical and nonmedical assets from shuttered St. Margaret's Health-Spring Valley (Ill.) are set to be auctioned by Centurion Service Group, a medical equipment life-cycle company. -
Tenet hospitals by state
Dallas-based Tenet Healthcare operated 61 hospitals as of Dec. 31. -
5 signs of prior authorization reform progress, per the AMA
The American Medical Association's most recent survey found that 89% of physicians say prior authorization had a "significant or somewhat negative clinical impact," but the organization said there are positive signs on the road to reform. -
Cash-strapped New York hospital's deficit plan includes aggressive denial appeals
A New York hospital seeking $83 million in state funding has filed a financial improvement plan that involves aggressively appealing insurance claims denials and limiting overtime and physician bonuses, Newsday reported April 15. -
Prime ramps up hospital real estate acquisitions, pay down debt
Ontario, Calif.-based Prime Healthcare has bought the real estate of four facilities that comprise Saint Clare's Health in Denville, N.J., and St. Francis Medical Center in Lynwood, Calif., from Medical Properties Trust for $350 million.
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