Fort Myers, Fla.-based Lee Health is weighing its options and continuing discussions on going from a public to private nonprofit health system, ABC7 reported Jan. 24.

Phillips, Wis.-based Marshfield Medical Center Park Falls Home Health and Hospice facility, part of Marshfield (Wis.) Clinic, is closing at the end of February due to limited resources.

Turquoise Health has raised $30 million in series B financing it plans to use to support transparent pricing workflows for its 160 healthcare customers. 

Aidéo Technologies and MedEvolve are partnering to bring AI-powered coding and revenue cycle workflow automation to healthcare organizations. 

Walgreens Boots Alliance is exploring the sale of Shields Health Solutions after completing its buyout of the specialty pharmacy business in 2022, Bloomberg reported Jan. 23. 

Bay Shore, N.Y.-based South Shore University Hospital, part of New Hyde Park, N.Y.-based Northwell Health, has completed its $71 million women and children's center.

Mishawaka, Ind.-based Franciscan Health is fully acquiring La Porte, Ind.-based Franciscan Beacon Hospital this spring. 

West Covina (Calif.) Medical Center became the most recent hospital to be penalized for alleged price transparency violations when CMS levied a $59,100 fine against it in September. It is now the latest to fight back against the fine. 

Providence, R.I.-based Lifespan is seeking $300 million for construction projects and other capital purchases, according to a GoLocalProv report.

Nearly half of revenue cycle and finance leaders surveyed said timely patient collections is their biggest concern in 2024, according to a Jan. 23 report from Salucro Healthcare Solutions. 

New York City-based NYU Langone reported $686.2 million in operating income for the year ended Aug. 31, an 11% increase from the $619.2 million it reported in the previous year, according to financial documents published Jan. 23.

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.

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 recorded nearly 14 million patient encounters in 2023, marking the highest count in its 102-year history, with an improvement to its operating margin. 

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.

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. 

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.

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.

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.

Continued financial challenges have led to closure discussions at three major care providers in the last week.