St. Marys, Pa.-based Penn Highlands Elk, part of DuBois, Pa.-based Penn Highlands Healthcare, is closing its labor and delivery services on May 1.

CVS Health recorded $2 billion in profit in the fourth quarter of 2023, a 12% decline year over year driven by increased pressure in its Medicare Advantage business. 

KLAS Research, a healthcare IT data and insights company, named Ensemble Health Partners the best company for end-to-end revenue cycle outsourcing in 2024. 

KLAS Research, a healthcare IT data and insights company, named its "Best in KLAS" revenue cycle management tools for 2024. 

When developments around a health system's financial distress unfold quickly, it usually suggests that something bigger has been brewing for a long time. Such is the case with Steward Health Care.

The Maine Department of Health and Human Services and Maine Hospital Association have agreed on a proposal that they say will reform hospital reimbursement rates and improve the health of residents in the state.

Colorado hospitals posted $336 million in profits in 2022, down from $3.4 billion the year prior, according to a Feb. 5 report from the Colorado Department of Health Care Policy and Financing. 

Three emergency departments have been forced to close their doors over the last month due to shifting care needs and closures of associated hospitals.

Orlando (Fla.) Health posted an operating income of $491.3 million for the year ended Sept. 30, a 14.4% improvement on the $429.4 million reported in the previous year. 

The American Hospital Association said more changes are needed to address issues critical to the functionality of the No Surprises Act's independent dispute resolution process. 

When it comes to money, Gen Zers and millennials are insecure. But many of them don't need to be — and that "money dysmorphia" is hurting their financial decisions, according to a recent survey from Credit Karma. 

Fifty-two percent of healthcare CFOs said they plan to increase investment in specialty services this year while 42% said they plan to decrease investment in primary care, according to the 2024 BDO Healthcare CFO Outlook Survey. 

Danbury, Connecticut-based Nuvance Health's certificate of need to terminate labor and delivery services at its Sharon (Conn.) Hospital has been denied by the Connecticut Office of Health Strategy. 

Shares of Nashville, Tenn.-based HCA Healthcare hit an all-time high last month, and a major shareholder is feeling that big lift. 

Hong Kong police said a finance worker at an unnamed multinational corporation was duped into paying out $25 million to fraudsters using deepfake technology to pose as the company's CFO, CNN reported Feb. 4. 

U.S. Rep. Derrick Van Orden of Wisconsin has expressed concerns to Wisconsin Gov. Tony Evers over the planned closure of two Hospital Sisters Health System hospitals and regional health centers the system operates with Green Bay, Wis.-based Prevea Health.

Revenue cycle management company Conifer Health Solutions and Lebanon, N.H.-based Dartmouth Health will continue their partnership through a new multiyear deal. 

Miami-based Cano Health, a primary care provider, has filed for Chapter 11 bankruptcy. 

A majority of healthcare CFOs are anticipating revenue and profitability increases in 2024, according to the 2024 BDO Healthcare CFO Outlook Survey. 

Connecticut is looking to forgive medical debt for residents in the first half of the year, with many details yet to be finalized.