Today's Top 20 Health Finance Articles
  • Mass General Brigham profits slip; CEO touts need 'to ensure financial stability'

    Somerville, Mass.-based Mass General Brigham reported an operating income of $47 million (0.9% margin) during the three months ending June 30, down from a $69 million operating gain in the same quarter last year. 
  • Steward must pay severance for 2 closing Massachusetts hospitals, governor says

    Massachusetts Gov. Maura Healey is demanding Dallas-based Steward Health Care honor severance payments for the employees of two state hospitals the health system plans to close by Aug. 31, according to an Aug. 15 news release shared with Becker's. 
  • Moody's downgrades Mount Sinai's rating 2 notches

    Moody's downgraded New York City-based Mount Sinai's rating to "Baa3" from "Baa1" and revised its outlook to negative from positive. 
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  • HCA, Bon Secours Mercy Health turf war heats up

    Competition is heating up in Central Virginia as Nashville, Tenn.-based HCA Healthcare plans to expand into an area in which Bon Secours Mercy Health has a prominent presence. 
  • Cleveland Clinic returns to profitability with $45.3M Q2 operating gain

    Cleveland Clinic saw an operating income of $45.3 million at a 1.2% margin in the second quarter of 2024 for the three months ended June 30, a 312% increase from a $21.4 million operating loss (-0.6% margin) during the second quarter of 2023, according to its Aug. 16 financial report.
  • Steward hospital sale hearing delayed again

    Financially troubled Dallas-based Steward Health Care has once again pushed back the sale hearing date for its hospitals in Arkansas, Louisiana and Massachusetts.
  • CMS' drug price cuts to save $7.5B in 2026: 5 things to know

    CMS expects its Medicare Drug Price Negotiation Program to reduce healthcare costs by $7.5 billion in 2026.
  • Healthcare bankruptcies slow after 5-year high

    Healthcare bankruptcies hit a five-year high in 2023, which saw 12 hospitals and health systems file for bankruptcy, but have slowed over the last three quarters, according to a report published Aug. 14 by Gibbins Advisors, a healthcare restructuring consulting firm.
  • Management among Northern Light Health hospital layoffs

    Presque Isle, Maine-based Northern Light AR Gould Hospital, part of Brewer, Maine-based Northern Light Health, is cutting positions in an effort to streamline operations, improve care access and reduce expenses. 
  • Children's hospitals' profitability hits 10-year low: Fitch

    Children's hospitals' operating environment continues to present challenges because of increased labor costs and year-to-year fluctuations from respiratory virus cases. 
  • Hospitals file amicus brief urging Supreme Court to 'correct' DSH pay formula

    Six national hospital groups, including the American Hospital Association, America's Essential Hospitals and the Federation of American Hospitals, on Aug. 14 filed an amicus brief urging the Supreme Court to correct HHS' "misinterpretation" of the formula set by Congress to calculate Disproportionate Share Hospital payments.
  • 2-midnight rule yields mixed results for health systems

    CMS' expansion of the two-midnight rule led to increased inpatient volumes and revenue growth for some health systems this year, but the jury is still out on its long-term impact on hospital operations and financial performance. 
  • Corewell Health's operating margin rises to 2.1%

    Grand Rapids and Southfield, Mich.-based Corewell Health operating margin was 2.1% for the first six months of 2024 ended June 30, compared with an operating margin of 1.7% during the same time period last year, according to the health system's Aug. 14 financial report. 
  • CorroHealth acquiring Xtend Healthcare

    Navient is selling its revenue cycle management company Xtend Healthcare to CorroHealth. 
  • Lifepoint's 'strong tailwinds' to grow nationally

    Disruptors are making more noise in healthcare while hospitals continue to rebound from ongoing financial and workforce challenges, but diversification is one key strategy health systems are capitalizing on to compete in a rapidly changing landscape. 
  • Meet R1 RCM's leadership team

    Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice are acquiring R1 RCM in a deal valued at $8.9 billion that is expected to close by the end of the year. 
  • The game-changing switch for 1 Nebraska hospital

    Officials at the first Nebraska hospital to transition to rural emergency status said the conversion has been a game changer, CBS affiliate KOLN reported Aug. 13. 
  • Why Kaiser's Risant Health set up base in DC

    Kaiser Permanente's Risant Health is headquartered in Washington, D.C., sharing half of an existing 4,200-square-foot office with the Oakland, Calf.-based system's government affairs team, the Washington Business Journal reported Aug. 6. 
  • 3 health systems seeking chief revenue officers

    Three health systems recently posted job listings seeking chief revenue officers. 
  • South Carolina system tears up $161M hospital plan

    Conway Medical Center, an affiliate of Winston-Salem, N.C.-based Novant Health, has called off plans to build a $161 million hospital in Carolina Forest, S.C., The Post and Courier Myrtle Beach reported Aug. 13. 

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