Today's Top 20 Health Finance Articles
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Ascension to close 11 Indiana medical group locations
Ascension Medical Group St. Vincent plans to partially or fully end services at 11 clinics across Indiana, ABC affiliate WRTV reported Jan. 27. -
Half of hospitals ended 2022 with negative margins: 4 takeaways
Last year was the worst financial year for hospitals and health systems since the start of the pandemic, according to Kaufman Hall's January "National Flash Hospital Report," -
RCM company Savista awarded HFMA peer-review designation
Savista, a healthcare revenue cycle management company, has been awarded a peer-review designation from the Healthcare Financial Management Association. -
How profitable are Florida's 1-star hospitals?
Florida is a hotbed of healthcare activity. The state holds 181 hospitals, and CMS rated 18 of them with one star, based on five quality categories. -
New Jersey plans $80.5M grant to strengthen workforce, modernize data
The New Jersey Department of Health will use an $80.5 million grant from the CDC to bolster public health workforce development and training, the department said Jan. 26. -
HCA aims to hit labor, growth goals with 'winning plays' in 2023, CEO says
HCA Healthcare's agenda in 2023 will focus on overcoming labor and capacity challenges, countering inflationary pressures and accelerating growth through "winning plays," CEO Sam Hazen said during the company's fourth-quarter earnings call on Jan. 27. -
Volunteers sell crafts to raise funds for struggling New York hospital
Volunteers at Ogdensburg, N.Y.-based Claxton Hepburn Medical Center are selling crafts to help the rural hospital improve its financial situation, NCPR reported Jan. 27. -
Private equity firms own at least 130 rural hospitals: 8 things to know
Private equity healthcare deals were down in 2022 but still had their second-biggest year on record, according to a Jan. 10 Bain & Co. report. The industry has an estimated $1.78 trillion lined up for potential investments in 2023, a 35 percent increase over September 2021. -
CMS allows California prison inmates to receive Medicaid care
CMS will allow Medicaid and Children's Health Insurance Plan funds to treat people in prisons, jails and youth correctional facilities for the first time ever in California. -
New York hospitals pushing for Medicaid increase to alleviate staffing woes
Hospitals in upstate New York are pushing for a Medicaid reimbursement rate increase to help combat staffing shortages, Spectrum News 1 reported Jan. 26. -
HCA posts $5.6B profit for 2022: 6 details
Nashville, Tenn.-based HCA Healthcare saw revenue of $15.5 billion in the fourth quarter of 2022, up from $15.1 billion over the same period in 2021, according to its financial report released Jan. 27. -
OU Health to cut 100 jobs
Oklahoma City-based OU Health is eliminating about 100 positions as part of an organizational redesign to complete the integration from its 2021 merger. -
NYU Langone reports increased positive operating income
New York City-based NYU Langone Health posted improved operating income for fiscal 2022. -
Good faith estimates, more consumer tools: Turquoise Health on the state of price transparency
As more price transparency data becomes available from hospitals and payers, developers are finding ways to make this data useful for providers and patients. -
Boston Children's sees steep decline in investment values for overall loss
Boston Children's Hospital suffered a steep loss in 2022 driven overwhelmingly by declines in investment values, reporting a net loss of $520 million. -
New Mexico bill would create $200M rural hospital fund
New Mexico Senate Bill 7, designed to create a $200 million Rural Health Care Delivery Fund, had its first hearing before the Senate Health and Public Affairs Committee, The Santa Fe New Mexican reported Jan. 25. -
Advata names chief revenue officer
Advata, the data analytics spinoff from Renton, Wash.-based Providence, has named Brian Taylor its chief revenue officer. -
CorroHealth taps chief commercial officer
RCM company CorroHealth has named John Wallace its chief commercial officer. -
Optum partner Owensboro Health continues to report positive operating income
Owensboro (Ky.) Health, which recently agreed to partner with Optum, reported positive income in its second quarter earnings report even as expenses continued to rise. -
Tennessee hospital CEO focuses on staff retention, denies hospital is for sale
Management at troubled Maryville, Tenn.-based Blount Memorial Hospital is working on staff incentives to help retain a robust permanent workforce, the hospital's CEO said in an update to local officials, according to a Jan. 26 report from The Daily Times.
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