Today's Top 20 Health Finance Articles
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Hospitals see expense relief
Nonprofit hospital expenses dropped from November to December and had low single digit growth year over year, according to Kaufman Hall's "National Hospital Flash Report," released Jan. 30. -
Mayo Clinic to unload overseas hospital investment
Rochester, Minn.-based Mayo Clinic is entering into a $150 million buyout deal with Abu Dhabi Health Services Co., postbulletin.com reported Jan. 30. -
New CMS website explains value-based care to public
CMS has launched a new website designed to explain value-based care to the public and providers. -
59% of Nebraska critical access hospitals are running deficits
As rural hospitals continue to take financial hits, 59% of critical access hospitals in Nebraska are losing money on operations, according to a Nebraska Hospital Association fourth-quarter report shared with Becker's. -
LCMC teams up with payment platform
New Orleans-based LCMC Health is partnering with healthcare payment platform Cedar with the goal of improving the post-visit billing experience for patients. -
At 2.3%, hospital margins eke toward pre-pandemic levels
Hospitals' median calendar year-to-date operating margin index hit 2.3% in December, up from 2% in November and from 1.5% in October, according to Kaufman Hall's latest "National Hospital Flash Report," which is based on data from more than 1,300 hospitals. -
Northwest Texas Healthcare System to conduct layoffs
Amarillo-based Northwest Texas Healthcare System is laying off a "limited number of positions" due to the restructuring of certain areas and departments to increase operational efficiencies and reduce cost. -
Sen. Elizabeth Warren 'deeply concerned' over Steward Health Care's finances
Massachusetts Senator Elizabeth Warren has continued to express worry over Dallas-based Steward Health Care's ongoing financial difficulties. -
HCA posts $5.2B profit in 2023: 7 details
Nashville, Tenn.-based HCA Healthcare saw revenues of $17.3 billion in the fourth quarter of 2023, up from $15.5 billion over the same period in 2022, according to its financial report released Jan. 30. -
Wisconsin doubled the number of hospitals in the red last year
The financial challenges for many Wisconsin hospitals worsened over the last year, according to Eric Borgerding, president and CEO of the Wisconsin Hospital Association. -
Hospitals' operating margin reset
Nonprofit Hospitals' operating margins are far below the pre-pandemic "magic number" of 3% and are in danger of a permanent reset in the 1%-2% range, according to a Jan. 29 report published by Fitch Ratings. -
How Your Organization Can Reduce Denials in 2024
Healthcare providers are experiencing a massive surge in denials and write-offs that seriously impact the organization’s financial stability. But there are steps your organization can take now to reduce their likelihood in 2024. -
4 more Arkansas hospitals awarded federal funds
Nearly all of the $60 million in federal COVID-19 relief funds Arkansas earmarked has been committed after four more hospitals were approved for funding, the Arkansas Democrat Gazette reported Jan. 26. -
Medical Mutual to buy ProMedica's insurance business
Toledo, Ohio-based ProMedica is selling its insurance subsidiary, Paramount Health, to Medical Mutual of Ohio. -
HSHS hospital closing earlier than planned
Chippewa Falls, Wis.-based St. Joseph's Hospital, part of Springfield, Ill.-based Hospital Sisters Health System, is reportedly closing sooner than planned, WEAU reported Jan. 26. -
No bailout for Steward, Massachusetts governor says
Massachusetts Gov. Maura Healey said Steward Health Care is "not going to be bailed out," amid the Dallas-based system's financial troubles, NPR affiliate WBUR reported Jan. 27. -
Texas hospitals hit hard by bankruptcies, closures
Hospital bankruptcies spiked in 2023 with 12 filings compared to a total of 11 filings in the previous three years combined. Three of those bankruptcy filings were by hospitals in Texas, with another four hospitals in the state either closing or sharing plans to close as inflation, staffing shortages and other financial headwinds continue to challenge healthcare providers. -
UCLA Health acquiring Los Angeles HCA hospital
Los Angeles-based UCLA Health's request to acquire Los Angeles-based West Hills Hospital and Medical Center has been authorized by the University of California Board of Regents. -
Flurry of prior authorization reform bills introduced at state level, AMA says
State legislatures have introduced more than 70 prior authorization bills during their current legislative sessions, American Medical Association President Jesse Ehrenfeld, MD, said. -
10 things to know about Steward Health Care
Dallas-based Steward Health Care has seen a troubled start to 2024.
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