CEOs for King of Prussia, Pa.-based Universal Health Services were paid between 221 and 629 times more than the median annual salary for an employee at the health system between 2019 and 2023, according to proxy statements filed with the Securities and Exchange Commission.

There have been 1,164 mergers among health systems between 2000 and 2020, and a recent study found those transactions increased prices by 5.2%.

King of Prussia, Pa.-based Universal Health Services saw a net income of $261.8 million in the first quarter of 2024, a 60.5% increase from a $163.1 million net income over the same time period in 2023, according to its most recent financial report.

Evanston, Ill.-based Endeavor Health, formerly known as NorthShore-Edward-Elmhurst Health, reported a $51.3 million operating loss (-0.9% margin) in 2023, down from a $26.7 million loss (-0.5% margin) in 2022, as legal and integration costs hindered its financial performance. 

Franklin, Tenn.-based Community Health Systems continues to sell hospitals as part of its divestiture plan and aims to take in $1 billion from hospital sales in 2024. 

Franklin, Tenn.-based Community Health Systems reported $231 million in operating income (7.4% margin) in the first quarter, up from $210 million (6.8% margin) during the same period last year. 

CEOs for Franklin, Tenn.-based Community Health Systems were paid between 96 and 161 times more than the median annual salary for an employee at the health system between 2019 and 2023, according to proxy statements filed with the Securities and Exchange Commission.

Pittsburgh-based UPMC will lay off more than 1% of its 100,000 workforce — approximately 1,000 employees — due to ongoing post-pandemic challenges, the health system confirmed to Becker's.

Centerville, Ohio-based Miami Valley Hospital South, part of Dayton, Ohio-based Premier Health, will discontinue operations at its level 3 trauma center May 1 as part of an ongoing healthcare operations review.

Charlotte, N.C.-based Advocate Health posted an operating income of $606.6 million in 2023, according to its April 23 financial report. 

Washington hospitals suffered a collective $1.74 billion in operating losses in 2023, according to an April 23 report from the Washington State Hospital Association. 

Union Springs, Ala.-based Bullock County Hospital is looking to become a rural emergency hospital and is ending psychiatric services as part of the transition, AL.com reported April 25.

Salt Lake City-based Intermountain Health is making changes with three Kansas clinics, effectively ending its operations in the state.

Here are four revenue cycle management companies that have made executive leadership moves since March 25: 

Dallas-based Tenet Healthcare CEOs were paid between 189 and 452 times more than the health system's median employee between 2019 and 2023, according to proxy statements filed with the Securities and Exchange Commission.

CMS published two final rules on April 22 designed to expand access in the Medicaid fee-for-service and managed care programs. 

CMS has published two final rules designed to expand access in the Medicaid fee-for-service and managed care programs. 

Jackson Health System has reduced compensation programs for senior leaders; laid off fewer than 25 people, including one hospital CEO; and frozen many vacant positions, especially in support and nonclinical areas, a spokesperson for the Miami-based organization confirmed to Becker's.

The last few years have been challenging for hospitals and health systems across the U.S., especially smaller regional systems and independent hospitals. But now many C-suite leaders are setting their sights on growth again.

Coos Bay, Ore.-based Bay Area Hospital plans to layoff several workers in non-patient-facing roles as it outsources its revenue cycle management operations, a spokesperson for the hospital confirmed to Becker's.