Dallas-based Baylor Scott & White Health posted $634 million in operating income (8.3% margin) for the first six months of fiscal year 2024, which ended Dec. 31, 2023, an improvement on the operating income of $561 million (8.2% margin) over the same period of fiscal year 2023.

From state behavioral health services to a hospital administrative partnership, these are three Optum contracts reported by Becker's that have recently ended or are planned to end.

Rochester, Minn.-based Mayo Clinic has added two Malaysia hospitals to its Mayo Clinic Care Network.

Boston-based Mass General Brigham saw a $32 million operating loss of (-0.6% margin) for the first quarter of the fiscal year 2024, which ended Dec. 31, 2023, improving on an operating loss of $53 million (-1.2% operating margin) over the same period last year.

Chicago-based CommonSpirit, a 142-hospital system, recently reorganized its portfolio by consolidating its eight operating divisions into five regions. 

Ridgecrest (Calif.) Regional Hospital is laying off 31 more employees just two months after it announced plans to layoff 29 others and suspend its labor and delivery unit, Bakersfield.com reported Feb. 15.

Springfield, Mass.-based Baystate Health reached a deal to sell Health New England, its insurance subsidiary, to Point32Health. 

Sioux Falls, S.D.-based Sanford Health reported an operating income of $402.2 million in 2023, more than double the $192.3 million it posted in 2022, according to its financial report released Feb. 14. 

Chicago-based CommonSpirit posted an operating income of $356 million (3.5% margin) in the quarter ended Dec. 31, a significant turnaround from the $440 million loss (-5.4% margin) reported in the same period the previous year.

Healthcare Finance Trends for 2024 by CommerceHealthcare® presents the bank’s annual outlook on major factors commanding leadership attention. Ten themes are identified from analysis of a broad spectrum of industry data.

Three additional healthcare organizations are stepping up to the plate to ensure patient care access for those affected by Springfield, Ill.-based Hospital Sisters Health System's closure of two hospitals and clinics it operates with Green Bay, Wis.-based Prevea Health. 

Miami-based North Shore Medical Center, part of Dallas-based Steward Health Care, has closed patient care in its obstetrics unit, effective Feb. 14, a few weeks earlier than its initial March 10 planned closure.

Lawmakers in Massachusetts have sent a letter to Cerberus Capital Management, a private equity firm that founded Dallas-based Steward Health Care, demanding answers related to the health system's financial troubles, The Boston Globe reported Feb. 15.

A series of recent prior authorization policy wins has American Medical Association President Jesse Ehrenfeld, MD, optimistic that "momentum is building toward meaningful prior authorization reform." 

The rising enrollment in Medicare Advantage plans has "unique implications" for rural hospitals, according to a Feb. 13 report from the the Chartis Center for Rural Health. 

McLaren Health Care posted $20.9 million operating income for the fiscal first quarter ended Dec. 31, a 20% drop from the $26.1 million recorded during the same period in 2022, according to financial documents published Feb. 14.

Philadelphia-based Thomas Jefferson University, owner of Jefferson Health, reported a $48.7 million loss in the first six months of fiscal year 2024, an improvement from the $83.4 million loss it experienced over the same period last year, according to its Feb. 14 financial report. 

Minneapolis-based Allina Health reported a $352.6 million operating loss in 2023, an 80% drop from the $195.8 million loss reported in 2022, according to financial documents published Feb. 14. 

Massachusetts Gov. Maura Healey and her administration further addressed Steward Health Care's financial troubles along with the state's ongoing plan of action during a state public health council meeting Feb. 14.

Here is why two health systems recently ended their revenue cycle management partnerships: