Today's Top 20 Health Finance Articles
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Medicaid DSH cuts: CMS urged to release 97th percentile hospital list ASAP
America's Essential Hospitals has called on CMS to release the list of hospitals serving the highest percentage of low-income patients so those facilities are aware of their exception from the agency's final rule that will cut Medicaid disproportionate share hospital payments by $32 billion over the next four fiscal years. -
A 'ghost town': Construction halted on Steward Massachusetts hospital over payment dispute
Reconstruction work has been paused at Norwood (Mass.) Hospital, part of Dallas-based Steward Health Care, due to contractors claiming they have not been paid, The Boston Globe reported Feb. 21. -
Walgreens' VillageMD to exit Florida
Walgreens' Village MD will close about 40 clinics in Florida, exiting the market entirely by March 15. -
Hospitals' fortunes improving
Nonprofit hospital financial performance is improving, and operating margins are expected to increase 1.6% on average in 2024, according to a report from Fitch, a ratings firm. -
Cooper CFO's 'thoughtful', 'structured' approach to post-pandemic growth
Camden, N.J.-based Cooper University Health Care, a 137-year-old health system, received its highest ever credit rating from Fitch this month and has ambitious plans to continue to grow post-pandemic. -
Delivering the Patient Access Consumers Crave: Key Factors for Success
What matters most to American healthcare consumers comes down to access, or the ability to receive care when and where they need it. -
Less frustration, more revenue: How hospital leaders are confronting denials with technology
Hospitals and health systems across the country are experiencing unprecedented rates of claims denials, which are dampening their revenues and causing growing tensions in their relationships with payers. -
The dual realities of hospital finances
Two things seem to be true at once when it comes to hospital finances: Too many hospitals are losing money and high-performing hospitals doing better and better, "effectively pulling away from the pack," according to an analysis from Kaufman Hall. -
Why CHS' CFO thinks Medicare Advantage denials have 'hit a peak'
Kevin Hammons, CFO of Franklin, Tenn.-based Community Health Systems, said that Medicare Advantage payers began denying and downgrading "significantly more claims" in the post pandemic period. -
Former CMS administrator: Hospital-Medicare Advantage tensions 'a manifestation of an underlying broken system'
Hospitals and health systems around the country have recently ended some or all of their Medicare Advantage contracts, citing a variety of reasons such as reimbursement delays and the burden of prior authorizations. -
CMS finalizes DSH payment cuts for some safety-net hospitals: 8 things to know
CMS will cut Medicaid disproportionate share hospital payments for some safety-net hospitals in fiscal year 2024, which began Oct. 1, 2023, according to a final rule published Feb. 20. -
UNC Health to fundraise for new children's hospital
Chapel Hill, N.C.-based UNC Health is launching a fundraising effort to help pay for its flagship freestanding children's hospital, Triangle Business Journal reported Feb. 20. -
Steward drives Medical Properties Trust's Q4 loss
The net losses for Medical Properties Trust, one of the world's largest hospital real estate owners, included around $772 million in nonrecurring write-offs and impairments in the fourth quarter of 2023, mostly led by Dallas-based Steward Health Care's financial difficulties, according to MPT's recent financial reports. -
8 hospitals closing departments or ending services
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages. -
Ascension goes on selling spree
St. Louis-based Ascension continues to improve its operating performance and aims to ensure long-term sustainability for the health system on the back of a $3 billion operating loss in fiscal year 2023. -
NYU Langone gets $75M gift
NYU Langone Health has received a $75 million donation from the Julia Koch Family Foundation to open a new ambulatory care center in West Palm Beach, Fla. -
Who is winning surprise billing disputes?
Providers, facilities and air ambulance companies prevailed in 77% of No Surprises Act payment determinations in the first half of 2023. -
Affordability of healthcare worries Americans most: KFF poll
The ability to afford unexpected medical bills and the cost of healthcare services top the list of Americans' financial concerns headed into the 2024 presidential election. -
CHS posts $957M operating gain following hospital sales
Franklin, Tenn.-based Community Health Systems reported a $957 million in operating income (7.7% margin) in 2023, improving on the $821 million gain (6.7% margin) posted in 2022. -
Massachusetts governor tells Steward to transfer its hospitals ASAP
As Massachusetts lawmakers continue to express their concerns over Dallas-based Steward Health Care's financial troubles, Massachusetts Gov. Maura Healey has written a new letter to the health system's CEO, Ralph de la Torre, MD, pushing for financial documents to be disclosed.
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