Today's Top 20 Health Finance Articles
  • SUNY Downstate responds to potential closure criticism

    Hospital leaders are responding to criticism after the state of New York announced plans to either drastically shrink or potentially close the University Hospital at Downstate in New York City's Brooklyn borough due to factors like low patient volumes, an operating deficit of around $100 million, and a deteriorating hospital building.
  • Wisconsin hospital closures jolt local officials

    A plan to close two hospitals and numerous clinic locations affecting more than 1,000 jobs in Wisconsin has caught local officials by surprise. 
  • Cleveland Clinic sees $14B revenue, peak patient volumes in 2023

    Cleveland Clinic recorded nearly 14 million patient encounters in 2023, marking the highest count in its 102-year history, with an improvement to its operating margin. 
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • Lawmakers press Steward for info after reports of financial distress

    Massachusetts' congressional lawmakers are requesting information from Steward Health Care after local reports about looming hospital closures within the system, which operates nine hospitals in the state.
  • 'I would not say confident; I would say hopeful': Shuttered Texas hospital board president on potential reopening

    It's been nearly four months since La Grange, Texas-based St. Mark's Medical Center closed its doors Oct. 12 over an inability to pay its mortgage debts. While there have been attempts to resurrect the hospital, many remain hopeful it will one day provide care for the community again. 
  • Trinity hospital appeals $394K fine for closing birthing unit

    Stafford, Conn.-based Johnson Memorial Hospital, part of Hartford, Conn.-based Trinity Health of New England, is appealing a $394,000 civil penalty from the state Office of Health Strategy for failing to resume labor and delivery services despite state requirements to do so, CT Insider reported Jan. 20.
  • MyMichigan operating results sees marginal gain in FY Q2

    Midland, Mich.-based MyMichigan Health saw a 6.2% year-over-year increase in operating income to $7.5 million while net income decreased by 60% to $20 million for its second quarter running Oct. 1 to Dec. 31, 2023.
  • Simplify the complexity of Medicare claims

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  • 46% of C-Suite execs prioritizing cost reduction, survey says

    A recent survey from Sage Growth Partners, a business management consultant company, highlights how hospital and health system leaders are focusing on strategic initiatives to tackle ongoing workforce shortages and reduce costs in the next year.
  • 3 major care providers facing closure

    Continued financial challenges have led to closure discussions at three major care providers in the last week.
  • Guthrie migrates care to shuttered Pennsylvania hospital

    Sayre, Pa.-based Guthrie Clinic is now seeing patients at the former Tyler Memorial Hospital in Tunkhannock, Pa.
  • NYC to clear $2B in medical debt for 500,000 people

    Up to 500,000 New Yorkers will be cleared of their healthcare debt through a new program rolled out by New York City, which will invest $18 million to relieve more than $2 billion in debt. 
  • Arkansas system administrative staff take pay cuts

    North Arkansas Regional Medical Center in Harrison has made cost reduction efforts — including layoffs and voluntary pay cuts for administrative staff — amid declining revenue. 
  • HSHS to close 2 Wisconsin hospitals, physician offices

    Hospital Sisters Health System will close two hospitals in Western Wisconsin in the next two months, a move that will terminate the nonprofit system's presence in the region. 
  • Moody's upgrades NYU Langone Health

    Moody's has upgraded New York City-based NYU Langone Health revenue bonds from "A2" to "A1." 
  • Why UCHealth's CFO is optimistic about 2024

    With expenses outpacing revenue growth and labor expenses continuing to rise, 2024 is going to be another challenging year for hospitals across the country, Dan Rieber, CFO of Aurora, Colo.-based UCHealth, told Becker's. 
  • Nebraska health system switches to independent network

    The Winnebago (Neb.) Comprehensive Healthcare System has transferred to a new independent network in the third phase of a technology transformation plan to advance staff operations and improve patient experience. 
  • New York health system surveys community over maternity ward closure

    Rockville Centre, N.Y.-based Catholic Health is conducting a survey to get community input regarding the planned closure of its Smithtown, N.Y.-based St. Catherine of Siena Hospital maternity ward on Feb. 1.
  • A fast start to 2024 RCM M&A deals

    Revenue cycle management company mergers and acquisitions are off to a quick start in 2024, with four deals announced or completed so far in January.
  • 17 maternity service closures in 2024

    On the heels of financial pressures and workforce shortages experienced last year, many hospitals and health systems are continuing to face maternity service closures in 2024.
  • Biden wipes $5B in student loan debt

    President Joe Biden forgave another $5 billion in student loans on Jan. 19, absolving 74,000 Americans of their debt. 

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