Today's Top 20 Health Finance Articles
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OakLeaf presses expansion plans amid HSHS, Prevea closures
Eau Claire, Wis.-based OakLeaf Medical Network, the largest independent physician network in the state, has increased care capacity at its 26 clinics amid the planned closure of two Springfield, Ill.-based Hospital Sisters Health System hospitals and regional clinics it operates with Green Bay, Wis.-based Prevea Health. -
Idaho HCA hospital closing labor and delivery, NICU
Caldwell, Idaho-based West Valley Medical Center, part of Nashville, Tenn.-based HCA Healthcare, is closing its labor and delivery and neonatal intensive care unit by April 1. -
The 3 companies initiating 58% of surprise billing disputes
There were 288,810 No Surprises Act disputes initiated through the federal independent dispute resolution portal in the first six months of 2023, which was 13 times greater than federal departments initially estimated. -
Froedtert Menomonee Falls Hospital to close birth center, transfer services
Froedtert Menomonee Falls (Wis.) Hospital is closing its birth center and moving services to Wauwatosa, Wis.-based Froedtert Hospital and Froedtert West Bend (Wis.) Hospital by July 1. -
IU Health posts $1.1B net income in 2023
Indianapolis-based Indiana University Health reported $1.1 billion in net income in 2023, including investment gains of $931 million, compared to a net loss of $715 million in 2022, according to its most recent financial report. -
Illinois governor pitches plan to relieve $4B in medical debt
Illinois Gov. J.B. Pritzker is proposing to wipe out $4 billion of medical debt for state residents over the next four years. -
Medicaid DSH cuts: CMS urged to release 97th percentile hospital list ASAP
America's Essential Hospitals has called on CMS to release the list of hospitals serving the highest percentage of low-income patients so those facilities are aware of their exception from the agency's final rule that will cut Medicaid disproportionate share hospital payments by $32 billion over the next four fiscal years. -
A 'ghost town': Construction halted on Steward Massachusetts hospital over payment dispute
Reconstruction work has been paused at Norwood (Mass.) Hospital, part of Dallas-based Steward Health Care, due to contractors claiming they have not been paid, The Boston Globe reported Feb. 21. -
Walgreens' VillageMD to exit Florida
Walgreens' Village MD will close about 40 clinics in Florida, exiting the market entirely by March 15. -
Hospitals' fortunes improving
Nonprofit hospital financial performance is improving, and operating margins are expected to increase 1.6% on average in 2024, according to a report from Fitch, a ratings firm. -
Cooper CFO's 'thoughtful', 'structured' approach to post-pandemic growth
Camden, N.J.-based Cooper University Health Care, a 137-year-old health system, received its highest ever credit rating from Fitch this month and has ambitious plans to continue to grow post-pandemic. -
Delivering the Patient Access Consumers Crave: Key Factors for Success
What matters most to American healthcare consumers comes down to access, or the ability to receive care when and where they need it. -
Less frustration, more revenue: How hospital leaders are confronting denials with technology
Hospitals and health systems across the country are experiencing unprecedented rates of claims denials, which are dampening their revenues and causing growing tensions in their relationships with payers. -
The dual realities of hospital finances
Two things seem to be true at once when it comes to hospital finances: Too many hospitals are losing money and high-performing hospitals doing better and better, "effectively pulling away from the pack," according to an analysis from Kaufman Hall. -
Why CHS' CFO thinks Medicare Advantage denials have 'hit a peak'
Kevin Hammons, CFO of Franklin, Tenn.-based Community Health Systems, said that Medicare Advantage payers began denying and downgrading "significantly more claims" in the post pandemic period. -
Former CMS administrator: Hospital-Medicare Advantage tensions 'a manifestation of an underlying broken system'
Hospitals and health systems around the country have recently ended some or all of their Medicare Advantage contracts, citing a variety of reasons such as reimbursement delays and the burden of prior authorizations. -
CMS finalizes DSH payment cuts for some safety-net hospitals: 8 things to know
CMS will cut Medicaid disproportionate share hospital payments for some safety-net hospitals in fiscal year 2024, which began Oct. 1, 2023, according to a final rule published Feb. 20. -
UNC Health to fundraise for new children's hospital
Chapel Hill, N.C.-based UNC Health is launching a fundraising effort to help pay for its flagship freestanding children's hospital, Triangle Business Journal reported Feb. 20. -
Steward drives Medical Properties Trust's Q4 loss
The net losses for Medical Properties Trust, one of the world's largest hospital real estate owners, included around $772 million in nonrecurring write-offs and impairments in the fourth quarter of 2023, mostly led by Dallas-based Steward Health Care's financial difficulties, according to MPT's recent financial reports. -
8 hospitals closing departments or ending services
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.
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