Today's Top 20 Health Finance Articles
  • No bailout for Steward, Massachusetts governor says

    Massachusetts Gov. Maura Healey said Steward Health Care is "not going to be bailed out," amid the Dallas-based system's financial troubles, NPR affiliate WBUR reported Jan. 27.    
  • Texas hospitals hit hard by bankruptcies, closures

    Hospital bankruptcies spiked in 2023 with 12 filings compared to a total of 11 filings in the previous three years combined. Three of those bankruptcy filings were by hospitals in Texas, with another four hospitals in the state either closing or sharing plans to close as inflation, staffing shortages and other financial headwinds continue to challenge healthcare providers. 
  • UCLA Health acquiring Los Angeles HCA hospital

    Los Angeles-based UCLA Health's request to acquire Los Angeles-based West Hills Hospital and Medical Center has been authorized by the University of California Board of Regents.
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • Flurry of prior authorization reform bills introduced at state level, AMA says

    State legislatures have introduced more than 70 prior authorization bills during their current legislative sessions, American Medical Association President Jesse Ehrenfeld, MD, said. 
  • 10 things to know about Steward Health Care

    Dallas-based Steward Health Care has seen a troubled start to 2024.
  • Hospital profitability across the US: 20 statistics

    Nonprofit hospital operating marings soared last year, increasing 20% January to November of 2023 as compared to the same period in 2022, according to Kaufman Hall's "National Hospital Flash Report," published Jan. 9.
  • Tufts Medicine trims operating loss by 57%; new CFO taking over in February

    Boston-based Tufts Medicine reported a $171 million operating loss in the fiscal year ending Sept. 30, a 57% improvement on the $399 million loss it posted in the previous year, according to financial documents published Jan. 26. 
  • Simplify the complexity of Medicare claims

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  • Task force created over HSHS/Prevea hospital closures

    The Eau Claire Chamber of Commerce has created an HSHS/Prevea Recovery Task Force after Springfield, Ill.-based Hospital Sisters Health System decided to close two hospitals and regional health centers it operates with Green Bay, Wis.-based Prevea Health, the Leader-Telegram reported Jan. 26.
  • Inova vents prior authorization concerns to CMS chief

    Listening to his colleagues discuss the challenges of prior authorization with CMS Administrator Chiquita Brooks-LaSure was "sobering and a little bit troubling," Inova Health CEO J. Stephen Jones, MD, told Becker's. 
  • Steward aims to offload 4 hospitals

    Dallas-based Steward Health Care is looking to sell four of its 9 Massachusetts hospitals amid continued financial difficulties, WCVB reported Jan. 26.
  • 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.

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