Today's Top 20 Health Finance Articles
  • New York governor urged to prevent hospital service cuts

    A group of legislators representing Ulster County, N.Y., have urged Gov. Kathy Hochul to resolve the dispute with Westchester Medical Center Health Network to avoid service cuts at HealthAlliance Hospitals in Kingston and Margaretville, N.Y., which the health system owns, the Daily Freeman reported Dec. 28. 
  • 10 stories that grabbed CFOs' attention in 2023

    From an Iowa hospital pointing to a difficult EHR implementation for its bankruptcy to hospitals pushing back against Medicare Advantage plans, here are 10 of the most viewed finance stories Becker's reported in 2023, listed in reverse chronological order: 
  • Geisinger trims operating loss by 52%

    Danville, Pa.-based Geisinger Health System reported an operating loss of $104.4 million in the nine months ending Sept. 30, a 52% improvement on the $215.8 million loss it reported in the same period last year. 
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • Massachusetts system turns profit for 1st time in 4 years

    Attleboro, Mass.-based Sturdy Health saw a $17.2 million total net gain for the 2023 fiscal year ending Sept. 30. 
  • IU Health operating income drops 8.4% in Q3

    Indianapolis-based Indiana University Health saw $59.6 million in operating income during the three months ended Sept. 30, an 8.4% decrease on the $65 million reported in the same period last year, according to financial documents published Nov. 3. 
  • Why 3 health systems outsourced services to Optum in 2023

    Three health systems struck deals to outsource revenue cycle, health IT and other services with Optum in 2023. 
  • From -10.6% to 11.1%: 34 systems ranked by operating margins

    Hospitals began 2023 with a median operating margin of -0.9%, but that figure has increased steadily month over month to hit 2% in November — the ninth consecutive month of positive margins. Despite a modest positive turning point for some hospitals and health systems this year, Fitch Ratings projects 2024 to be another "make or break" year for a significant portion of the sector.
  • Simplify the complexity of Medicare claims

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  • Minimum wage bumps in 22 states will add billions in worker wages

    Twenty-two states and an additional 38 counties and cities will increase their minimum wage Jan. 1, and a report from the Economic Policy Institute estimates workers will see $6.95 billion in added wages from the state increases.
  • CMS corrects OPPS payment rate error

    CMS has corrected a technical error that displayed an incorrect 2024 outpatient prospective payment system payment rate for hyperbaric oxygen therapy (APC 5061), the American Hospital Association said in a Dec. 27 post on its website.    
  • Stanford Health operating profit takes 20% hit

    Palo Alto, Calif.-based Stanford Health Care reported $414.9 million in operating income for the year ended Aug. 31, a 20% drop from the $518.1 million gain it posted last year.
  • 4 execs on boosting margins in 2024

    From looking for new growth opportunities and partnerships to keeping an open mind to diverse points of view, Becker's connected with four executives to ask them, "What advice do you have for other health system and hospital CFOs to help boost their margins in the new year?"
  • Senior living system sells 20% stake in joint venture with HCA

    Brookdale Senior Living has sold its 20% stake in the home health, hospice and therapy joint venture it has with Nashville, Tenn.-based HCA Healthcare. 
  • Prime nurses strike ends; concerns grow over Philadelphia hospital sale

    A five-day strike has ended involving members of the Pennsylvania Association of Staff Nurses and Allied Professionals from two Prime Healthcare hospitals; Norristown, Pa.-based Suburban Community Hospital and Bristol, Pa.-based Lower Bucks Hospital. 
  • California hospital to use $116M bond for recovery

    Watsonville (Calif.) Community Hospital, a publicly owned hospital approaching financial stability since emerging from bankruptcy, would use a potential $116 million bond to improve its finances further, Lookout Santa Cruz reported Dec. 27.
  • HCA's 2023 in 10 headlines

    From acquisition activity to a lawsuit from North Carolina's attorney general, here are 10 updates on Nashville, Tenn.-based HCA Healthcare Becker's reported in 2023.
  • CEOs turn attention from recovery to growth

    Hospital margins appear to be stabilizing as 2023 comes to a close and health systems continue working through their turnaround strategies. As hospital margins and overall finances eke back to a healthier footing, health system leaders will be able to spend more time and resources on the growth and transformation of their organizations. 
  • Emory Healthcare hospital reveals $11M in improvements

    Stonecrest, Ga.-based Emory Hillandale Hospital, part of Atlanta-based Emory Healthcare, has announced $11 million in expansion and renovation updates to its Stonecrest facility, according to a Dec. 21 press release. 
  • Automation now 'imperative' for hospital revenue cycle

    Most hospitals and health systems (74%) are actively automating some portion of their revenue cycle operations with 46% of organizations using some form of artificial intelligence, according to a Dec. 20 report from Akasa.
  • The 21 rural emergency hospitals, by state

    Twenty-one hospitals have converted to the rural emergency designation since the law that created the designation took effect in January 2023, according to data from University of North Carolina's Cecil G. Sheps Center for Health Services Research in Chapel Hill. 
  • Hospital margins to end year on a high — but challenges remain

    The median hospital operating margin rose to 2% in November after holding steady at 1.6% in September and October, but escalating expenses — including rising drug costs — remain a concern as 2023 draws to a close, according to a Dec. 21 report from Syntellis Performance Solutions, which includes data from more than 1,300 hospitals.

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