Today's Top 20 Health Finance Articles
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Steward Massachusetts hospitals received Michigan system bid prior to 2-facility closure
Dallas-based Steward Health Care received a bid from Insight Health Systems of Flint, Mich., to acquire all of its Massachusetts hospitals prior to the health system sharing plans to close two state hospitals, however, the two parties could not reach an agreement. -
Medicare Advantage + prior authorizations: 19 numbers to know
As the number of Medicare Advantage enrollees has grown, so has the volume of prior authorization requests submitted to MA insurers. -
The 'recession-resistant' asset health systems are investing in
Hospitals' operating performance continues to show signs of improvement, but real estate is one key opportunity health systems should not overlook to bolster their balance sheets and help meet growth goals, Kaufman Hall said in its latest "National Hospital Flash Report." -
Hospital growth uneven between higher-, lower-performing facilities: Kaufman Hall
While operating performance has shown improvement signs, growth remains uneven between higher- and lower-performing hospitals, according to Kaufman Hall's June "National Hospital Flash" report. -
New York hospital expands ED, ups beds to 436
White Plains (N.Y.) Hospital is adding 25,000 square feet to its emergency room and expanding the hospital's capacity to 436 beds, Lohud reported Aug. 5. -
Steward to lay off 1,243 Massachusetts employees amid hospital closures
Dallas-based Steward Health Care has shared plans to lay off a total of 1,243 employees due to the closure of two of its Massachusetts hospitals, Dorchester, Mass.-based Carney Hospital and Ayer, Mass.-based Nashoba Valley Medical Center, by Aug. 31. -
California hospital posts 1st profitable Q3 in more than 3 years, CFO says
El Centro (Calif.) Regional Medical Center, an affiliate of UC San Diego Health, is making strides towards its financial turnaround and reported $7.2 million in operating income in the third quarter of fiscal 2024, compared to a $6.5 million net loss in the same period last year. -
703 hospitals at risk of closure, state by state
More than 700 rural U.S. hospitals are at risk of closure due to financial problems, with more than half of those hospitals at immediate risk of closure. -
Hospitals aren't over the pandemic
More than four years have passed since COVID-19 first emerged in the United States, triggering a federal public health emergency that persisted until May 11, 2023. Yet, many hospitals are still grappling with the lingering effects of the pandemic. -
Ohio city seeks to acquire hospital from Kettering
City officials in Xenia, Ohio, have proposed to acquire Kettering Health Greene Memorial hospital, claiming Kettering Health has cut services and drained resources from the hospital over the past decade, according to an Aug. 1 report from Dayton Daily News. -
1 key to UTMB Health's high performing revenue cycle
The University of Texas Medical Branch's recent MAP Award win is a testament to the great work its revenue cycle has done to keep pace with the growth of the health system, CFO Jamie Bailey told Becker's. -
CMS' inpatient rule adds 'insult to injury,' say hospital groups
CMS' Inpatient Prospective Payment System final rule will raise inpatient hospital payments by 2.9% in fiscal year 2025, but national hospital groups argue that the update does not do enough to cover the costs of inflation and the rising cost of care while also imposing a mandatory value-based model on hundreds of hospitals across the country. -
9 things to know about length of stay
Managing a count of days involves much more than meets the eye. -
Massachusetts leader says Steward must provide 120-day closure notice for 2 hospitals
Dallas-based Steward Health Care must present a "responsible closure plan" for its two Massachusetts hospitals that follows the state's 120-day closure process, state Secretary of Health and Human Services Kate Walsh said in an Aug.1 statement shared with Becker's. -
9 recent RCM mergers and acquisitions
From two private equity firms striking a deal to take R1 RCM private, to Med-Metrix acquiring a pair of companies, here are nine RCM mergers and acquisitions Becker's has reported since June 10: -
EnableComp acquires denials management company
Franklin, Tenn.-based revenue cycle management company EnableComp has acquired ANI Healthcare Solutions. -
IU Health takes 73% hit to operating income despite increased volumes, revenue: CFO
Indianapolis-based Indiana University Health posted $53.1 million in operating income (1.2% margin) for the six months ending June 30, a 73% slide from the $195.7 million (4.6% margin) reported in the same period last year. However, operating income from core operations was comparable year over year. -
CMS sets 2.9% inpatient pay bump for hospitals in 2025: 6 things to know
CMS on Aug. 1 released its Inpatient Prospective Payment System final rule, which will increase inpatient hospital payments by 2.9% in fiscal year 2025. -
Cigna prepares 'aggressive' defense of PBMs
Cigna is planning to vigorously defend its pharmacy benefit manager from scrutiny. -
CHS to roll out 'Project Empower' at all hospitals by end of 2024, says CEO
Franklin, Tenn.-based Community Health Systems aims to fully deploy its Project Empower initiative across all of its hospitals by the end of the year, CEO Tim Hingtgen said during the company's second-quarter earnings call.
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