The U.S. Patent and Trademark Office recently granted Ensemble Health Partners a patent for its Note Wizard revenue cycle management technology. 

Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.

Higher labor costs put pressure on Trinity Health's margins in the first nine months of fiscal year 2022, according to financial documents released May 20. 

Several philanthropic gifts have been made to hospitals and health systems so far in May for capital projects, to expand care or to improve finances. Here are six reported on by Becker's:

A Rhode Island state psychiatric hospital is at risk of losing Medicare and possibly Medicaid reimbursements if it does not address problems that have put patients in "immediate jeopardy" by Aug. 15, the Providence Journal reported May 19. 

Rochester, Minn.-based Mayo Clinic ended the first quarter of 2022 with an operating gain, unlike many health systems across the U.S. 

Hospitals and health systems face multiple challenges, necessitating a fundamental change in the healthcare delivery paradigm.

Cody (Wyo.) Regional Health is offering an up to 50 percent discount to help patients settle their self-pay portion of outstanding medical bills. 

Boston-based Mass General Brigham released a plan May 16 to cut spending by $70 million a year, and it received the green light this month for $2 billion in capital improvements after scrapping a plan for three outpatient surgery centers.

Several healthcare organizations have decided to outsource finance jobs or other revenue cycle functions since Jan. 1:

Detroit Medical Center's Detroit Receiving Hospital could lose its Medicare contract after it was found noncompliant with CMS rules for nursing services during a surprise inspection this month by the Michigan Department of Licensing and Regulatory Affairs, The Detroit News reported May 18.

Citing skyrocketing expenses and flat revenue, St. Charles Health System in Bend, Ore., will cut 181 positions, according to a May 18 announcement. 

Greenwood (Miss.) Leflore Hospital will lay off 30 employees to help offset continued losses, the Greenwood Commonwealth reported May 18. 

More than 25 percent of finance leaders reported needing to hire more than 20 employees to fully staff their revenue cycle departments, a survey published May 18 found.

Americans will need seven times more than they expect to pay for healthcare costs in retirement, according to a May 16 report from Fidelity Investments. 

Stress about money is at the highest level since 2015, according to the American Psychological Association's annual "Stress in America" survey. 

Boston-based Mass General Brigham submitted a cost-reduction plan to Massachusetts regulators May 16, which includes a promise to cut healthcare spending by $70 million a year. 

As hospitals adjust to the price transparency rules that went into effect Jan. 1, 2021, Kelly Arduino, a healthcare industry leader for consulting and accounting firm Wipfli, is working with hospitals to help them comply with the rules.

National Medical Billing Services, a revenue cycle management company that serves the surgical market, has acquired New Jersey revenue cycle firm Medi-Corp. 

Three of the four major for-profit hospital operators in the U.S. saw labor expenses spike in the first quarter of this year.