Today's Top 20 Health Finance Articles
-
High supply expenses dent positive operating income for Stamford Health
Stamford (Conn.) Health continued to report positive operating income in 2022 even as expenses climbed, notably with supplies. -
Harris Health affirmed at 'AA' by Fitch amid strong tax base support
Houston-based Harris Health System had its overall credit rating and that on specific bonds and other debt affirmed at "AA" because its strong tax revenue base largely offsets what Fitch Ratings called a "weak payor mix" and concerns about long-term capital expenditure. -
Alaska Regional to close clinic, cites staffing challenges
Anchorage-based Alaska Regional is closing its Alaska Regional Senior Health Clinic on Feb. 28 because of staffing shortages, Anchorage Daily News reported Jan. 23. -
Florida's Health First sees expenses rise to over $2B, reports losses
Rockledge, Fla.-based Health First reported an operating loss of almost $75 million in fiscal 2022 as expenses rose to over $2 billion, an increase of more than 11 percent. -
12 hospitals looking for CFOs
Hospitals around the country are seeking CFOs, including several owned by some of the largest systems in the nation. Here are 12 recently-posted hospital CFO openings, by state: -
N.J.’s Hackensack University Medical Center opens nine-story “smart” pavilion
Hackensack (N.J.) University Medical Center opened a 530,000-square-foot, nine-story surgical and intensive care pavilion, Hackensack Meridian Health said Jan. 23. -
Cleveland considering $190M medical debt relief proposal
The Cleveland City Council has introduced an ordinance that, if passed, could eliminate an estimated $190 million for 48,000 city residents, NBC affiliate WKYC reported Jan. 23. -
Pennsylvania lawmakers pitch $575M medical debt relief plan
A group of Pennsylvania state lawmakers has introduced a bill in partnership with RIP Medical Debt that could relieve up to $575 million for eligible residents, CBS affiliate WTAJ reported Jan. 23. -
Want to do some M&A? That will cost you more
One of the main barriers to increasing merger and acquisition activity in the healthcare industry during 2023 may well be increasing antitrust oversight. Now you can add filing fees to the equation. -
8 healthcare finance trends to know for 2023
Health system leaders are expecting multiple intersecting challenges in 2023 healthcare decisions in 2023 to be defined by eight themes across four areas including regulatory, financial, technological and supply chain considerations, according CommerceHealthcare's Healthcare Finance Trends for 2023 report. -
Opioid use disorder costs hospitals $95B annually
Care for patients with opioid use disorders in the hospital setting has resulted in billions in annual hospital costs — most of which were not reimbursable or were paid for by public payers, according to data published Jan. 24 by Premier Inc. AI Applied Sciences. -
20 health systems with highest contract labor expenses
Twenty large integrated delivery networks spent more than $9 billion combined on contract labor in one year, according to a data set provided to Becker's Hospital Review by Definitive Healthcare. -
Tufts to eliminate 240 positions, save $22M
Boston-based Tufts Medicine aims to save $22 million annually through workforce reductions, according to The Boston Globe. -
Willis-Knighton affirmed credit ratings at 'AA' amid positive recovery expectations
Shreveport, La.-based Willis-Knighton Health System had its overall and specific bonds ratings affirmed at "AA-" amid expectations it has a strong enough market presence and robust financial profile to recover margins "materially" in 2023, Fitch Ratings said Jan. 23. -
Colorado rural hospitals pass on dropping inpatient care
Colorado rural hospitals that could receive $3 million in funding from Medicare if they drop inpatient care and keep an emergency room are declining the program and opting to keep their inpatient care, the Greeley Tribune reported Jan. 23. -
13 top reasons for claims denials
Authorizations, provider eligibility and code inaccuracies were among the top reasons health system officials said claims are denied, according to a recent report from Experian Health. -
Halifax Health suffers from contract labor costs but posts positive operating income
Daytona Beach, Fla.-based Halifax Health reported positive operating income in 2022 even as contract labor costs continued to pose the system a significant challenge. -
5 health systems choosing Ensemble for RCM services
Here are five health systems that have selected Cincinnati-based Ensemble Health Partners for revenue cycle management services in the past year: -
ChristianaCare making progress in reducing contract labor, inpatient costs
Wilmington, Del.-based ChristianaCare is seeing early progress under a new initiative to lower both length of inpatient stay and contract labor costs. -
Optum partner Northern Light Health reports $178M loss
Brewer, Maine-based Northern Light Health, which earlier this month agreed to transfer 1,400 of its employees to health services company Optum, reported a $178 million loss in fiscal 2022, according to a Jan. 23 filing.
Page 5 of 50