Trinity Regional Hospital Sachse (Texas) is the most recent hospital to file for bankruptcy, which was first reported by Bloomberg.

Pittsburgh-based Highmark Health reported a net income of $389 million in the first six months of 2023, noting strong business performance among its insurance segments.

Tim Reeves, CEO of Renevo, Pa.-based Bucktail Medical Center, is sounding the alarm on the hospital's rapidly deteriorating financial situation, The Express reported Aug. 28.

Even as the Federal Reserve's consumer price index shows inflation dropping, health systems say they are still seeing the lingering effects of higher prices in their earnings reports.

The American Hospital Association said it supports CMS' plan to limit short-term "junk" health plans but is calling on the government to address other gaps in coverage that subject patients to unaffordable cost sharing. 

Overall spending for behavioral health services increased by 53.7 percent from 2019 to 2022, a study published Aug. 25 in JAMA Health Forum found. 

Providence posted an operating loss of $202 million in the second quarter of 2023, a $222 million improvement from the $424 million operating loss posted in the same period last year, according to an Aug. 28 news release from the Renton, Wash.-based health system. 

Since the rural emergency hospital program went into effect earlier this year, hospitals in Texas, Mississippi, Michigan and Arkansas have taken advantage of the program. 

For more than a decade, investors poured money into Emergency Medicine, many of them speculating that using debt to fund acquisitions and then leveraging efficiencies of scale would pay off.

Labor and supply expenses for hospitals dropped from June to July, but are still much higher than they were pre-pandemic, according to Kaufman Hall's August National Hospital Flash Report released Aug. 28.

Healthcare expenses declined in July, but not by enough to offset revenue losses, Kaufman Hall said in its latest National Hospital Flash Report.

Madera Community Hospital, which has been closed since December 2022, received the largest payout in the California Distressed Hospital loan program, KVPR reported Aug. 25.

Four hospitals have announced closure plans since Aug. 1, citing reasons ranging from financial challenges to declining admissions and aging infrastructure:  

Pittsburgh-based UPMC reported $15 million in operating income (0.1 percent margin) for the six months ended June 30, an 82 percent drop from the $82 million operating income (0.7 percent margin) it posted for the same period in 2022, according to financial documents published Aug. 24.

St. Bernards Healthcare's Five Rivers Medical Center in Pocahontas, Ark., will transition to a rural emergency hospital, effective Sept. 1, the first hospital in the state to do so, according to local news outlet KAIT8.

Alaska tops the charts when it comes to healthcare costs, with an average yearly expenditure of $13,188 per resident.

Health system executives find themselves in a unique position, balancing the need for growth with the tough financial realities of today.

Trinity Health Integrated Care ACO, a Medicare Shared Savings Program Accountable Care Organization, coordinated care for more than 130,000 patients in 2022. saving Medicare $56 million and achieved $41.2 million in shared savings for THIC ACO and participating providers.

St. Louis-based SSM Health reported a $39.6 million operating loss in the second quarter, a slight improvement on the $49.8 million loss during the same period in 2022, according to financial documents published Aug. 24.

Prior authorization, government regulations and payer relationships are among the challenges three Healthcare Financial Management Association MAP-award-winning revenue cycle leaders told Becker's they are facing right now.