Today's Top 20 Health Finance Articles
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Steward $50M behind on rent
Dallas-based Steward Health Care System was approximately $50 million behind on its rent at year-end to Medical Properties Trust, the largest hospital landlord in the U.S. -
'We exceeded our budget expectations': Wisconsin health system CFO on 2023 fiscal year
Madison, Wis.-based UW Health finished the 2023 fiscal year in the black. -
Cano Health hit with NYSE delisting warning
Miami-based primary care provider Cano Health said it is accelerating its transformation plan after being hit with a New York Stock Exchange delisting warning. -
CVS Health replaces CFO, healthcare lead
CVS Health announced two leaders to permanently replace Shawn Guertin as CFO and head of healthcare delivery as Mr. Guertin prepares to resign. -
'I'm filled with optimism': New Orleans East Hospital's journey to value-based care
New Orleans East Hospital was built after Hurricane Katrina destroyed the previous hospital in 2005. Ten years after it opened, President and CEO Takeisha Davis, MD, is focused on implementing quality-based performance measures and population health to transform health within the community. -
Hospitals won't see a 'V-shaped recovery'
Hospitals are starting to dig themselves out of a formidable operating trench, but results for the sector still lag far behind pre-pandemic levels, according to Fitch Ratings. -
'The current model doesn't work': Illinois hospital CEO on private equity hospital acquisition
As more hospitals continue to be picked up by private equity firms, recent studies have tied these acquisitions to adverse patient outcomes. -
Walgreens halfway through VillageMD closures
Walgreens Boots Alliance is almost halfway through its plan to close 60 VillageMD locations in fiscal 2024 as it works through its cost-cutting strategy and prioritizes density in markets with attractive growth opportunities, CEO Tim Wentworth said during the company's fiscal first quarter earnings call on Jan. 4. -
HCA Virginia hospital temporarily closing obstetrics services
Blacksburg, Va.-based LewisGale Hospital Montgomery, part of HCA Virginia Health System, is temporarily discontinuing its obstetrics services effective April 1, a spokesperson at the hospital told Becker's in a statement. -
The state of price transparency compliance in 2024
More than 90% of hospitals that are required to post a machine-readable file have done so as of Dec. 15, according to a Jan. 4 report from Turquoise Health. -
Home health company launches $1B IPO
Louisville, Ky.-based BrightSpring Health Services, a home and community-based health services provider, on Jan. 2 filed for an initial public offering, listing several of Wall Street's biggest banks in its plans, according to Bloomerg. -
Optum, SSM Health end partnership
St. Louis-based SSM Health and UnitedHealth Group's Optum have ended their administrative partnership around inpatient care management, digital transformation and revenue cycle management, an SSM Health spokesperson confirmed with Becker's. -
'Everyone is nervous': Indiana system CEO on rising hospital closures
As hospitals and services continue to shut down due to financial challenges and labor shortages, many healthcare leaders are growing more concerned. -
200 VHC Health employees transition to Med-Metrix
Arlington, Va.-based VHC Health has struck a 15-year, end-to-end revenue cycle partnership with Med-Metrix. -
Pennsylvania hospital's unpaid taxes result in 17% tax increase approval
The Ridley Park (Pa.) Borough Council has approved a 17% increase in 2024 property taxes to combat unpaid taxes and fees from Prospect Medical Holdings, the parent company of Crozer Health System, for its Ridley Park-based Taylor Hospital, Richard Tutak, borough manager of Ridley Park Borough, confirmed with Becker's. -
Veradigm acquires RCM company
Veradigm, the EHR vendor formerly known as Allscripts, has acquired revenue cycle management company Koha Health. -
Texas hospital closes ER abruptly
West Lake Hills, Texas-based the Hospital at Westlake Medical Center abruptly closed its emergency department the evening of Dec. 29 until further notice, according to a statement posted on the hospital's Facebook page. -
Tower Health rejects 4th purchase offer; 'I'm not sure what they're thinking,' StoneBridge CEO says
West Reading, Pa.-based Tower Health has turned down a $706 million offer from StoneBridge Healthcare, a hospital turnaround firm, making this the fourth purchase offer rejected by the system since 2021. -
New York governor to curb hospitals suing patients
New York Gov. Kathy Hochul has vowed to protect New Yorkers from medical debt, limit hospitals' ability to sue patients and expand financial assistance programs as part of her 2024 State of the State. -
7 RCM headlines from December to know
From R1 RCM's latest acquisition to KLAS Research naming Waystar the highest-rated platform of 2023, here are seven revenue cycle management headlines from December to know:
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