Today's Top 20 Health Finance Articles
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Massachusetts governor tells Steward to transfer its hospitals ASAP
As Massachusetts lawmakers continue to express their concerns over Dallas-based Steward Health Care's financial troubles, Massachusetts Gov. Maura Healey has written a new letter to the health system's CEO, Ralph de la Torre, MD, pushing for financial documents to be disclosed. -
Usual approach 'not enough': 8 healthcare execs rethinking financial health
Health system executives are making innovative and transformational moves to improve the financial health of their organizations. They're intentionally pushing teams to think outside of the box for new solutions to old problems, and seeing positive results. -
Impact Advisors joins Epic revenue cycle program
Healthcare management consulting firm is joining Epic's new Rev Cycle Partners program, which is designed to help healthcare organizations optimize their use of Epic to improve revenue cycle outcomes. -
In-network care rose after No Surprises Act: 5 things to know
The percentage of patients receiving in-network care has risen since the implementation of the No Surprises Act, according to a Feb. 20 report from FAIR Health. -
California county's hospitals see $11.3B in revenue
The 24 biggest hospitals in Orange County, Calif., saw revenue increase by 9.1% to $11.3 billion in revenue for the year ended Sept. 30, 2023, the Orange County Business Journal reported Feb. 19. -
CFOs play defense
CFOs' priorities have shifted considerably in the last couple of years as cutting costs and driving efficiencies becomes the No. 1 priority, up from a ranking of eighth in 2021, according to a recent report published by U.S. Bank. -
10 health systems outsourcing RCM functions
Becker's has reported on 10 health systems that have opted to outsource finance jobs or other revenue cycle functions in 2024: -
CMS unveils more AHEAD model details
CMS has released more information about the new population health-focused payment model it is launching aimed at addressing chronic disease, behavioral health and overall improvement of care management for states' populations. -
Ascension posts $708M quarterly turnaround
Ascension reported a net income of $359.5 million in the fiscal second quarter ending Dec. 31, which is a $708 million improvement on the $238.1 million net loss it reported during the same quarter in 2022. -
Cash infusion won't keep all Steward hospitals open, congressman says
Massachusetts Rep. Stephen Lynch said the Dallas-based Steward Healthcare's recent infusion of cash is not enough to keep all nine of the system's hospitals in the state open, NPR affiliate WBUR reported Feb. 16. -
Indiana church relieves $4M in medical debt
An Indiana Church is partnering with RIP Medical Debt to pay off medical debts of 2,829 families across seven counties, WTHI reported Feb. 13. -
2 Minnesota providers work to fill care gap left by MercyOne closure
The Albert Lea (Minn.) Healthcare Coalition is in lease negotiations with Blue Earth, Minn.-based United Hospital District and Albert Lea-based Mason City Clinic to help ensure care access after West Des Moines, Iowa-based MercyOne closed its clinic in the city Dec. 31. -
Low reimbursement rates led to layoffs, Arkansas Heart Hospital CEO says
Bruce Murphy, MD, CEO of Little Rock-based Arkansas Heart Hospital, said low reimbursement rates have led to fewer than 50 employees being laid off since the beginning of the year, Arkansas Business reported Feb. 19. -
Why CFOs are cutting costs even as profits rise
Cost cutting is a top priority for many companies in 2024, even those who are seeing rising profits, The Wall Street Journal reported Feb. 15. -
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs. -
New Jersey system gets historic 'A+' credit rating
Camden, N.J.-based Cooper University Health Care has earned an "A+" credit rating from Fitch Ratings after receiving two credit upgrades from S&P Global and Moody's since 2022. -
Mercy Health to lay off some call center workers
Mercy Health has partnered with a third party to manage its contact center for primary care scheduling — a move that will affect a "number of call center positions," a spokesperson for the Cincinnati-based system confirmed to Becker's on Feb. 16. -
CommonSpirit strategy pays dividends, but CFO insists 'still more to do'
Chicago-based CommonSpirit is making significant strides to improve its financial performance — transforming a $440 million operating loss in the fourth quarter of 2022 into a $356 million gain in the fourth quarter of 2023 — but CFO Dan Morissette insists "there is still more to do." -
No Surprises Act dispute volume 13 times higher than estimated
There were 288,810 No Surprises Act disputes initiated during the first six months of 2023, which was 13 times greater than federal agencies initially anticipated, according to a Feb. 15 report from CMS. -
Baylor Scott & White boosts operating margin to 8.3%
Dallas-based Baylor Scott & White Health posted $634 million in operating income (8.3% margin) for the first six months of fiscal year 2024, which ended Dec. 31, 2023, an improvement on the operating income of $561 million (8.2% margin) over the same period of fiscal year 2023.
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