The Medicaid and CHIP Payment and Access Commission is concerned that the magnitude of disproportionate share hospital cuts (54 percent in 2024) on the horizon will disrupt the financial viability of some safety-net hospitals and the services they provide, according to MACPAC's March report to Congress. 

Minneapolis-based Allina Health reported an audited operating loss of $195.8 million for the year ending Dec. 31, 2022, as expenses rose almost 7 percent compared with 2021.

Here are seven revenue cycle management companies that rebranded in the past year.

Here is a summary of recent credit rating downgrades and revisions, going back to the last Becker's roundup on Feb. 15.

The newly merged Greensburg, Pa.-based organization made up of Excela Health and Butler Health System has eliminated 13 filled managerial jobs.

CMS has issued initial guidance on key elements of the Medicare Drug Price Negotiation Program for 2026, the first year the negotiated prices will apply.

The state is stepping in to fund Boston Medical Center's clinical services at the Roundhouse Hotel, a place where homeless patients could receive treatment for substance misuse and mental health conditions, after the hospital announced it would have to close the location due to lack of funding, boston.com reported March 15.

Many hospitals and health systems are scaling back services and closing facilities due to financial and staffing difficulties. 

Philadelphia-based Temple University Health's outlook was revised to stable from positive following recent results S&P Global described as "very challenged" and "deeply negative."

Like so many nonprofit hospitals and health systems across the country, Providence, R.I.-based Care New England has been facing multiple financial challenges that require new solutions.

Crozer Health, a four-hospital system based in Upland, Pa., is laying off roughly 215 employees amid financial challenges, NPR affiliate WHYY reported.

Hospitals will likely be forced to reduce or eliminate services and could even have to close their doors if proposed legislation going through the Indiana state legislature passes, according to board directors at Mishawaka, Ind.-based Franciscan Alliance.

Eight health systems recently posted job listings seeking revenue cycle vice presidents. 

Cape Girardeau, Mo.-based SoutheastHealth had its rating outlook revised to negative from positive March 14 as the system faces what Moody's called "headwinds in returning to historically stronger performance."

Ahead of a possible bankruptcy filing, creditors of Silicon Valley Bank's parent company, SVB Financial Group, created a group through which they hope to profit from a sale of the collapsed firm's private-wealth and other assets, The Wall Street Journal reported March 14. 

Newark, Del.-based ChristianaCare is facing similar financial challenges to multiple health and hospital systems across the country and recently unveiled its Project Bedrock plans to mitigate some of those challenges. Becker's took the opportunity to talk with ChristianaCare's CFO, Rob McMurray, about the initiative and other focus areas for the system.

The February consumer price index, a gauge for inflation, rose by 0.4 percent, putting the annual inflation rate at 6 percent, CNBC reported March 14.

Gastonia, N.C.-based CaroMont Health continues to enjoy a "AA-" rating on various bonds amid a healthy financial profile and robust market share in a competitive region, S&P Global said March 10.

Tax exemptions for nonprofit hospitals amounted to $27.6 billion in value for 2020, according to new data from the Kaiser Family Foundation. 

The American Hospital Association is urging CMS to finalize its proposed rule for reforming the prior authorization process but has suggested some changes, including shortening the amount of time payers have to make a determination.