Today's Top 20 Health Finance Articles
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Beth Israel Lahey Health reports $249M operating loss, -2.8% margin in FY 2024
Cambridge, Mass.-based Beth Israel Lahey Health reported a $138.8 million operating loss (-6.1% margin) for the three months ending Sept. 30, down from a $10.6 million operating gain (0.5% margin) during the same period last year. -
Inside Nemours Children's $430M investment in Florida and Delaware
Nemours Children's Health is investing $300 million in central Florida over the next four years and $130 million in Delaware in 2025. -
Steward Pennsylvania hospital closure could cut 848 employees
Dallas-based Steward Health Care has filed two WARN notices in Pennsylvania for a total of 848 employees after it submitted a closure notice for Sharon (Pa.) Regional Hospital in bankruptcy court on Dec. 16. -
Missouri hospital closing temporarily due to blood shortage
St. Louis-based Homer G. Phillips Memorial Hospital has received approval from the Missouri Department of Health and Senior Services to temporarily suspend its license due to a blood supply shortage, a state DOH spokesperson said in a Dec. 17 statement shared with Becker's. -
UCSD Health, county end plans for behavioral health hub
UC San Diego Health has ended negotiations with San Diego County to develop a behavioral health hub at its East Campus Medical Center, a 302-bed facility. -
Advocate's $1B investment in Chicago: 5 funding details
Advocate Health Care on Dec. 17 unveiled plans to expand on Chicago's South Side with $1 billion invested in new facilities and services. -
Congress' healthcare package: Key wins for hospitals, telehealth and physician pay
Lawmakers have unveiled a sweeping government funding deal containing a significant healthcare package that would extend Medicare telehealth flexibilities, increase physician reimbursement rates and implement new regulations targeting pharmacy benefit managers, among other provisions. -
Tufts Medicine reports $68.2M operating loss in FYQ4
Burlington, Mass.-based Tufts Medicine reported an operating loss of $68.2 million (-10.2% margin) in the fourth quarter of the fiscal year ending Sept. 30, compared to a $61 million loss (-9.6% margin) recorded in the same period in 2023. -
Delaware Senate confirms members of hospital cost review board
The Delaware Senate has confirmed five nominations to the Diamond State Hospital Cost Review Board. -
Louisiana long-term acute care hospital to close
Ruston (La.) Regional Specialty Hospital has shared plans to close at midnight on Jan. 31. -
Sutter Health to invest $800M+ in 2 'flagship' campuses
Sutter Health is investing more than $800 million to develop approximately 1 million square feet across two new healthcare campuses in Santa Clara, Calif. -
Advocate unveils $1B expansion on Chicago's South Side
Advocate Health Care will announce on Dec. 17 a landmark $1 billion investment to enhance healthcare access and services on Chicago's South Side. -
Adventist Health closes California urgent care facility
Roseville, Calif.-based Adventist Health's Moorpark (Calif.) Urgent Care facility closed Dec. 6 due to low volume. -
IU Health affordability plan achieves 15-point price drop: CFO
Indiana University Health has made significant progress on its affordability plan, which aims to bring prices in line with the national average by 2025. -
Los Angeles County's $2B medical debt relief program: 6 things to know
The Los Angeles County Department of Public Health has launched a program aimed at eliminating $2 billion in medical debt. -
Ohio hospital cites processing issue in payroll delay
East Ohio Regional Hospital, a 140-bed facility located in Martins Ferry, said employees have received compensation after payroll was delayed due to a processing issue, according to multiple local media reports. -
Hospitals tried to cut labor expenses this year. Did it work?
Hospital and health system labor expenses are stabilizing after years of steep growth during the pandemic, according to a report from Fitch. -
Outpatient investments bolstering VCU Health's financial position, CFO says
Richmond, Va.-based VCU Health's strong ratings with Moody's and S&P have been strengthened by the system's investments in outpatient care, CFO James Siegel said in a Dec. 16 report posted on the system's website. -
38 health systems ranked by long-term debt
As rising interest rates push the cost of debt higher, heavily leveraged health systems are cutting back and selling assets, creating growth opportunities for financially stronger players ready to capitalize on the shake-up. -
Steward moves to close Pennsylvania hospital after sale falls through
Dallas-based Steward Health Care has filed a closure notice for its Sharon (Pa.) Regional Medical Center after Meadville (Pa.) Medical Center withdrew its proposed transaction of the hospital.
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