Today's Top 20 Health Finance Articles
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Jefferson cuts 6-month operating loss: 5 things to know
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. -
Allina losses plummet to $352.6M, margin at -6.8%
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. -
'Frustrated with where we are': Massachusetts governor talks Steward troubles, plan of action
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. -
Why 2 health systems ended RCM partnerships
Here is why two health systems recently ended their revenue cycle management partnerships: -
'Healthcare is not poker': Leader dives deeper into Steward's struggles
Alan Sager, PhD, professor of health law, policy and management and director of the health reform program at Boston University School of Public Health, has been conducting research on hospital closures for years. -
418 rural hospitals at risk of closure, breakdown by state
There are about 418 rural hospitals at risk of closure, according to a new report from Chartis, a healthcare advisory services firm. -
What the states with the highest percentage of adults with medical debt have in common
On average, 8.6% of adults reported having medical debt annually between 2019 and 2021, according to a Feb. 12 study from KFF and the Peterson Center on Healthcare. -
California system's revenue spiked 14% after establishing 'turnaround group'
Stephen DelRossi and the executive team at Northern Inyo Healthcare District in Bishop, Calif., have had their work cut out for them over the last year. -
50% of rural hospitals are operating in the red: 7 things to know
Half of rural hospitals are operating in the red, up seven percentage points from last year, according to a Feb. 13 report from the Chartis Center for Rural Health. -
NewYork-Presbyterian plans new cancer center
NewYork-Presbyterian plans to build a nearly 400,000-square-foot cancer center at its Columbia University Irving Medical Center in New York City's Washington Heights neighborhood. -
Value-based care an 'elusive concept,' HCA CEO says
Sam Hazen, CEO of HCA Healthcare, called value-based care an "elusive concept" while moderating a panel at the Nashville Health Care Council's 2024 Wall Street Perspective on the Healthcare Industry event, the Nashville Business Journal reported Feb. 12. -
Health systems, lawmakers ensuring care access for HSHS patients amid hospital closures
Wisconsin lawmakers and health systems are working to ensure that patient care does not falter ahead of the planned closure of two Springfield, Ill.-based Hospital Sisters Health System hospitals and regional clinics it operates with Green Bay, Wis.-based Prevea Health. -
NJ system must provide hospital 'disaster plans'
The New Jersey Department of Health has asked CarePoint Health to provide state officials with its "disaster plans" amid the three-hospital system's ongoing financial challenges, News12 New Jersey reported Feb. 12. -
Senator to HSHS CEO: Consider delaying Wisconsin hospital closures
Wisconsin Sen. Tammy Baldwin told Hospital Sisters Health System CEO Damond Boatwright she is disappointed in the "abrupt announcement" of two hospital closures in the state and that the Springfield, Ill.-based system should consider a delay. -
Judge temporarily blocks Beth Israel closure
A New York judge has temporarily blocked New York City-based Mount Sinai Health System from closing Beth Israel Hospital until arguments are presented in court. -
Why investors are picking providers over payers in 2024
Providers are a better investment than payers for the first time in a decade, TD Cowen analyst Gary Taylor said. -
More CEOs consider rural emergency hospital designation
Nineteen hospitals have converted to "rural emergency hospitals" in the first 13 months that the new Medicare provider type was available, but more hospital leaders are seriously considering the new designation this year as a way to stay open and maintain access to critical healthcare services in their communities. -
8 health systems seeking revenue cycle vice presidents
Eight hospitals and health systems recently posted job listings seeking revenue cycle vice presidents. -
A Midwest system's regional path to cost savings
Marion-based Deaconess Illinois, part of Evansville, Ind.-based Deaconess Health System, has taken a collaborative approach to margin enhancement that goes beyond the C-suite. -
Adventist hospital shuttering deliveries and neonatal ICU; 53 employees affected
Adventist Health Simi Valley (Calif.) hospital, part of Roseville, Calif.-based Adventist Health, is ending its labor and delivery services and closing its neonatal intensive care unit May 8.
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