Today's Top 20 Health Finance Articles
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Steward hospital sale hearing delayed again
Financially troubled Dallas-based Steward Health Care has once again pushed back the sale hearing date for its hospitals in Arkansas, Louisiana and Massachusetts. -
CMS' drug price cuts to save $7.5B in 2026: 5 things to know
CMS expects its Medicare Drug Price Negotiation Program to reduce healthcare costs by $7.5 billion in 2026. -
Healthcare bankruptcies slow after 5-year high
Healthcare bankruptcies hit a five-year high in 2023, which saw 12 hospitals and health systems file for bankruptcy, but have slowed over the last three quarters, according to a report published Aug. 14 by Gibbins Advisors, a healthcare restructuring consulting firm. -
Management among Northern Light Health hospital layoffs
Presque Isle, Maine-based Northern Light AR Gould Hospital, part of Brewer, Maine-based Northern Light Health, is cutting positions in an effort to streamline operations, improve care access and reduce expenses. -
Children's hospitals' profitability hits 10-year low: Fitch
Children's hospitals' operating environment continues to present challenges because of increased labor costs and year-to-year fluctuations from respiratory virus cases. -
Hospitals file amicus brief urging Supreme Court to 'correct' DSH pay formula
Six national hospital groups, including the American Hospital Association, America's Essential Hospitals and the Federation of American Hospitals, on Aug. 14 filed an amicus brief urging the Supreme Court to correct HHS' "misinterpretation" of the formula set by Congress to calculate Disproportionate Share Hospital payments. -
2-midnight rule yields mixed results for health systems
CMS' expansion of the two-midnight rule led to increased inpatient volumes and revenue growth for some health systems this year, but the jury is still out on its long-term impact on hospital operations and financial performance. -
Corewell Health's operating margin rises to 2.1%
Grand Rapids and Southfield, Mich.-based Corewell Health operating margin was 2.1% for the first six months of 2024 ended June 30, compared with an operating margin of 1.7% during the same time period last year, according to the health system's Aug. 14 financial report. -
CorroHealth acquiring Xtend Healthcare
Navient is selling its revenue cycle management company Xtend Healthcare to CorroHealth. -
Lifepoint's 'strong tailwinds' to grow nationally
Disruptors are making more noise in healthcare while hospitals continue to rebound from ongoing financial and workforce challenges, but diversification is one key strategy health systems are capitalizing on to compete in a rapidly changing landscape. -
Meet R1 RCM's leadership team
Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice are acquiring R1 RCM in a deal valued at $8.9 billion that is expected to close by the end of the year. -
The game-changing switch for 1 Nebraska hospital
Officials at the first Nebraska hospital to transition to rural emergency status said the conversion has been a game changer, CBS affiliate KOLN reported Aug. 13. -
Why Kaiser's Risant Health set up base in DC
Kaiser Permanente's Risant Health is headquartered in Washington, D.C., sharing half of an existing 4,200-square-foot office with the Oakland, Calf.-based system's government affairs team, the Washington Business Journal reported Aug. 6. -
3 health systems seeking chief revenue officers
Three health systems recently posted job listings seeking chief revenue officers. -
South Carolina system tears up $161M hospital plan
Conway Medical Center, an affiliate of Winston-Salem, N.C.-based Novant Health, has called off plans to build a $161 million hospital in Carolina Forest, S.C., The Post and Courier Myrtle Beach reported Aug. 13. -
ChristianaCare, Atlas Healthcare partner to expand ASC network
Newark, Del.-based ChristianaCare and Phoenix-based Atlas Healthcare have entered into a joint venture to bring an ASC network to Delaware and surrounding states. -
California private equity bill draws mixed reaction in healthcare
Healthcare groups, unions and hospitals are weighing in on a proposed bill in California that would strengthen review of private equity deals in healthcare. -
Massachusetts hospital closed by 2023 fire reopens
Brockton (Mass.) Hospital, owned by Brockton-based Signature Healthcare, reopened Aug. 13 following a February 2023 electrical fire that closed the facility. -
U of Florida halts plans for joint hospital project
Gainesville-based University of Florida has halted plans to embark on a hospital project with Jupiter (Fla.) Medical Center. -
Norton Healthcare reports $30.2M Q2 gain ahead of new hospital opening
Louisville, Ky.-based Norton Healthcare reported an operating income of $30.2 million (2.6% margin) in the second quarter, compared to a $7.9 million gain (0.9% margin) in the same period last year, according to financial results published Aug. 12.
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