Today's Top 20 Health Finance Articles
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Beth Israel Lahey cuts annual operating loss by 34%
Cambridge, Mass.-based Beth Israel Lahey Health reported a $131.2 million operating loss for the year ended Sept. 30, a 34% improvement on the $199.5 million loss it recorded the previous year. -
Missouri hospital operator lays off CEO, delays reopening plans
Mexico, Mo.-based hospital operator Ziva Medical has laid off about 30 employees, including its CEO Amanda Shurtz, and paused plans to reopen two community hospitals, The Mexico Ledger reported Jan. 24. -
Penn Medicine backs out of Tower Health hospital purchase
Philadelphia-based Penn Medicine is terminating its letter of intent to purchase Coatesville, Pa.-based Brandywine Hospital from West Reading, Pa.-based Tower Health. -
CVS, Wexner Medical Center partner on ACO
Columbus-based Ohio State University Wexner Medical Center and CVS Accountable Care are launching an ACO aimed at improving the quality of care for Medicare beneficiaries by state providers in Central Ohio. -
OHSU trims operating loss ahead of planned 10-hospital merger
Portland-based Oregon Health & Science University trimmed its operating loss from the fiscal first quarter ending Sept. 30 to the second quarter, but will need to double down on its strategy to improve its financial outlook to break even for the fiscal year that ends June 30. -
'It's going to save lives': AMA president lauds new prior authorization rule
Under CMS' recently finalized prior authorization rule, certain payers will be required to send decisions within 72 hours for urgent requests and seven calendar days for standard requests. -
Healthcare bankruptcies hit 5-year high
Seventy-three healthcare companies, including 12 hospitals and health systems, filed for bankruptcy in 2023, the highest number of filings since 2019, according to a Jan. 25 report published by Gibbins Advisors, a healthcare restructuring consulting firm. -
Florida city to Baptist Health Care: Help demolish former hospital
Pensacola, Fla.-based Baptist Health Care is being asked by the city's mayor to contribute $3 million toward the demolition of the old Baptist Hospital property to make way for an affordable housing project, the Pensacola News Journal reported Jan. 25. -
Steward Texas medical center closing campus
Port Arthur-based the Medical Center of Southeast Texas, part of Dallas-based Steward Health Care, is closing its Beaumont campus, including its emergency department and all hospital-related services, effective Feb. 2. -
MemorialCare hospital closing outpatient pharmacy; 13 staff affected
Long Beach (Calif.) Medical Center, part of Fountain Valley, Calif.-based MemorialCare, is closing its outpatient retail pharmacy Feb. 2, affecting 13 full-time positions. -
Arkansas hospital transitioning to rural emergency status
Eureka Springs (Ark.) Hospital received approval from Arkansas and CMS to change its designation to a rural emergency hospital. -
What 3 CFOs are optimistic about in 2024
From using innovation to face challenges to moving into the "optimization stage," here is what three health system CFOs recently told Becker's they are most optimistic about in 2024: -
Does CMS' REH model make sense? 1 New York hospital CEO is finding out
Clifton-Fine Hospital, a 20-bed critical access facility operating at a $2.7 million annual loss, is getting ready to submit an application to the New York State Department of Health, seeking approval to transition to a rural emergency hospital. -
Henry Ford continues to 'push the envelope': CFO talks Ascension project, 2024 plans
Calling 2023 a "wow kind of year," Robin Damschroder, CFO of Detroit-based Henry Ford Health, said the health system has made progress despite industry challenges such as inflation. -
Health systems up their revenue cycle game
Hospital and health system executives are focusing on revenue cycle management improvement over the next 12 months to enter 2025 in a more financially stable position. -
Steward hospital president exits
Craig Jesiolowski, president of Methuen, Mass.-based Holy Family Hospital, part of Dallas, Texas-based Steward Health Care, is exiting his role after more than seven years, Mr. Jesilowski confirmed with Becker's. -
Illinois system scraps plan to reopen hospital
Chicago-based Foresight Health has torn up its plan to reopen Pioneer Community Hospital of Patrick County as a critical access hospital, the Cardinal News reported Jan. 23 -
5 health systems outsourcing RCM functions
Becker's has reported on five health systems that have opted to outsource finance jobs or other revenue cycle functions since Oct. 4: -
35 best hospitals for price transparency
The top five hospitals for price transparency are located in Maryland, according to a recent ranking from Money. -
Lee Health continues discussions on going private
Fort Myers, Fla.-based Lee Health is weighing its options and continuing discussions on going from a public to private nonprofit health system, ABC7 reported Jan. 24.
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