Today's Top 20 Health Finance Articles
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Arkansas system's payer strategy sparked big financial turnaround
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. -
Oregon hospital plans layoffs amid RCM outsourcing
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. -
California hospital to lay off 191 workers as it faces loss of Medicare contract
Stanislaus Surgical Hospital in Modesto, Calif., which is facing a decision from CMS to end its Medicare contract, is laying off 191 employees, according to regulatory documents filed with the state April 15. -
25 states at most risk of rural hospital closures
Rural hospital closures picked up in 2023 and nearly 700 rural hospitals face continued risk of closing due to serious financial challenges, with some states facing critical conditions in the short term. -
HCA's CEO-to-worker pay ratio over the past 5 years
Nashville, Tenn.-based HCA Healthcare CEO Sam Hazen was paid between 254 and 556 times more than the health system's median employee since becoming the health system's chief executive in 2019, according to proxy statements filed with the Securities and Exchange Commission. -
SUNY Downstate gets $300M in New York 2025 budget
New York Gov. Kathy Hochul's final 2025 budget has provided $300 million in capital funding and up to $100 million in operating expenses to support SUNY Downstate Health Sciences University, which includes University Hospital at Downstate, in New York City's Brooklyn borough. -
Availity taps R1 RCM exec as chief product officer
Revenue cycle management company Availity has named Sean Barrett chief product officer. -
Texas hospital struggling to make payroll at risk of closure
North Runnels Hospital in Winters, Texas, does not currently have enough funds to make payroll and is at risk of closing, local news outlet bigcountryhomepage.com reported April 21. -
2 MU Health Care urgent clinics to close ahead of larger facility opening
Columbia, Mo.-based University of Missouri Health Care has shared plans to close two of its urgent care facilities and open an expanded urgent care clinic in Jefferson City, Mo., on May 30. -
Lee Health projects $1B gain in 10 years with private nonprofit conversion
Fort Myers, Fla.-based Lee Health, a public hospital, would realize $1 billion more net patient revenue over the next decade if it becomes a private nonprofit system, according to a report in the News Press. -
New York governor reaches deal to keep SUNY Downstate open
New York Gov. Kathy Hochul has reached a deal with state legislature to keep University Hospital at Downstate in New York City's Brooklyn borough open. -
MU Health Care working to meet financial goals
Columbia-based University of Missouri Health Care's expenditures are exceeding its operating budget, KBIA reported April 19. -
New Hampshire hospital to lay off 54 employees
Manchester, N.H.-based Catholic Medical Center has shared plans to cut 142 positions, including 54 layoffs, amid ongoing financial difficulties. -
HHS finalizes 340B dispute rule
HHS has finalized a rule to establish a 340B administrative dispute resolution process as required under the Affordable Care Act. -
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.
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