El Centro (Calif.) Regional Medical Center, an affiliate of UC San Diego Health, is making strides towards its financial turnaround and reported $7.2 million in operating income in the third quarter of fiscal 2024, compared to a $6.5 million net loss in the same period last year. 

More than 700 rural U.S. hospitals are at risk of closure due to financial problems, with more than half of those hospitals at immediate risk of closure. 

More than four years have passed since COVID-19 first emerged in the United States, triggering a federal public health emergency that persisted until May 11, 2023. Yet, many hospitals are still grappling with the lingering effects of the pandemic.

City officials in Xenia, Ohio, have proposed to acquire Kettering Health Greene Memorial hospital, claiming Kettering Health has cut services and drained resources from the hospital over the past decade, according to an Aug. 1 report from Dayton Daily News. 

The University of Texas Medical Branch's recent MAP Award win is a testament to the great work its revenue cycle has done to keep pace with the growth of the health system, CFO Jamie Bailey told Becker's. 

CMS' Inpatient Prospective Payment System final rule will raise inpatient hospital payments by 2.9% in fiscal year 2025, but national hospital groups argue that the update does not do enough to cover the costs of inflation and the rising cost of care while also imposing a mandatory value-based model on hundreds of hospitals across the country. 

Managing a count of days involves much more than meets the eye.

Dallas-based Steward Health Care must present a "responsible closure plan" for its two Massachusetts hospitals that follows the state's 120-day closure process, state Secretary of Health and Human Services Kate Walsh said in an Aug.1 statement shared with Becker's. 

From two private equity firms striking a deal to take R1 RCM private, to Med-Metrix acquiring a pair of companies, here are nine RCM mergers and acquisitions Becker's has reported since June 10:

Franklin, Tenn.-based revenue cycle management company EnableComp has acquired ANI Healthcare Solutions.

Indianapolis-based Indiana University Health posted $53.1 million in operating income (1.2% margin) for the six months ending June 30, a 73% slide from the $195.7 million (4.6% margin) reported in the same period last year. However, operating income from core operations was comparable year over year.

CMS on Aug. 1 released its Inpatient Prospective Payment System final rule, which will increase inpatient hospital payments by 2.9% in fiscal year 2025. 

Cigna is planning to vigorously defend its pharmacy benefit manager from scrutiny. 

Franklin, Tenn.-based Community Health Systems aims to fully deploy its Project Empower initiative across all of its hospitals by the end of the year, CEO Tim Hingtgen said during the company's second-quarter earnings call.

Three Texas health systems are facing major potential changes for their health plans amid the state's decision to remove them as Medicaid administrators earlier this year.

CMS has published final payment rules for hospices and inpatient rehabilitation, psychiatric and skilled nursing facilities for fiscal year 2025.

Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice are acquiring R1 RCM in a deal valued at $8.9 billion. 

Beaver, Pa.-based Heritage Valley Health System has laid off several workers and is closing multiple facilities as part of an organizational downsizing, Beaver County Radio reported July 31. 

Data analytics firm MultiPlan has named Doug Garis executive vice president and CFO, effective Aug. 5. 

Voters in San Benito County, Calif., will decide in November whether to approve a takeover of Hollister, Calif.-based Hazel Hawkins Memorial Hospital, Benito Link reported July 30.