Today's Top 20 Health Finance Articles
  • AdventHealth invests in solar panels to save $20M over 2 decades

    Altamonte Springs, Fla.-based AdventHealth has invested in the installation of 7,500 solar panels that will save the health system an estimated $20 million over two decades.
  • AHA disputes 'biased' hospital charitable contribution report

    The American Hospital Association is defending the community dedication of hospitals and health systems after the Lown Institute, a nonpartisan healthcare think tank, released a report that found charity care from 80% of nonprofit hospitals falls behind tax breaks. 
  • Bon Secours Mercy Health posts $123.9M operating loss; new CFO to begin July 1

    Cincinnati-based Bon Secours Mercy Health reported a $123.9 million operating loss (-1% margin) in 2023, improving on the $323.5 million operating loss (-2.9% margin) in 2022, according to financial documents published March 25. 
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • There's no denying RCM teams' top challenges

    Eighty-two percent of health system CFOs said that payer denials are higher than pre-pandemic levels, compared to only 2% who say denials have decreased, according to a report from the Healthcare Financial Management Association and Eliciting Insights. 
  • Health system C-suites eye value-based care roles

    Healthcare is in flux. Hospitals across the nation report clinician shortages and tight margins, and insurers are pushing more care into the lower cost settings.
  • How CFOs' focus has shifted over 3 years

    Health systems CFOs are spending more time on cost management and operations and less time on strategy and cash management than they were in 2021, according to a report from the Healthcare Financial Management Association and Eliciting Insights. 
  • Hospitals coming into compliance after price transparency fines

    The hospitals that have been fined for price transparency violations came into compliance within three months of the penalties being levied against them, CMS data shows. 
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  • 20 hospitals, systems where charity care exceeds tax breaks

    The Lown Institute, a nonpartisan healthcare think tank, released a new report March 26 examining the finances of more than 2,400 nonprofit hospitals in the U.S. 
  • Ascension outsourcing Illinois hospitalist staff

    SCP Health, a clinical services provider for hospital medicine, emergency medicine and critical care services, is set to assume control of all hospitalist employees from Ascension Illinois by June 1st, a spokesperson for Ascension told Becker's. 
  • Steward rehab hospital to close April 2

    Stoughton, Mass.-based New England Sinai Hospital, a rehabilitation hospital owned by Steward Health Care, is slated to close April 2.
  • CFOs split on AI's financial value

    CFOs have mixed opinions on how artificial intelligence will affect the finances of their respective health systems, according to a report from the Healthcare Financial Management Association and Eliciting Insights.  
  • Claims denials are costing hospitals nearly $20B per year

    Hospitals and health systems are spending an estimated $19.7 billion per year to fight denied claims, according to a March 21 report from healthcare solutions company Premier. 
  • Hospitals' widening financial gap

    On average, hospitals with solid financial results improved their results throughout the pandemic, while hospitals with poor financial performances saw their results worsen, Kaufman Hall wrote in a recent analysis.
  • Bon Secours Mercy Health hospital closing, transferring labor and delivery services

    Mercy Health-Fairfield (Ohio) Hospital, part of Cincinnati-based Bon Secours Mercy Health, is closing its labor and delivery services and transferring them to Mercy Health-Anderson Hospital and Mercy Health-West Hospital, both in Cincinnati, effective May 1.
  • Biden signs $1.2 trillion bill with 1% bump for HHS to avoid shutdown

    President Joe Biden signed a $1.2 trillion spending package March 23, averting a partial government shutdown and funding federal agencies for the next six months. 
  • Dozens of health systems ask CMS to crack down on Medicare Advantage denials

    Over 100 hospitals, health systems and providers signed on to a call for CMS to do more on Medicare Advantage denials. 
  • SSM Health cuts operating loss by 76%

    St. Louis-based SSM Health reported a $58.5 million operating loss (0.6% margin) in 2023, an 76% improvement on the $248.9 million loss (2.7% margin) in the previous year.
  • Nearly half of health systems are considering dropping Medicare Advantage plans

    "Onerous" authorization requirements and high denial rates have health systems considering whether to drop Medicare Advantage plans, according to a report from the Healthcare Financial Management Association and Eliciting Insights. 
  • Where health system CFOs are spending their time

    Health system CFOs spend nearly a quarter of their time on revenue cycle management, according to a report from the Healthcare Financial Management Association and Eliciting Insights. 
  • 7 health systems with credit rating upgrades

    Here are seven health systems that have had their credit ratings upgraded by Fitch Ratings or Moody's Investor Services in 2024:

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