Today's Top 20 Health Finance Articles
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California county eyes options to save lone community hospital
The Madera (Calif.) County Board of Supervisors is looking into allocating half of its remaining American Rescue Plan Act funding to resume operations at Madera Community Hospital. The city's sole hospital for about 150,000 residents shut its doors just before the new year after Trinity Health's plan to buy it fell through. -
Las Vegas hospital issues alert of 970 layoffs
Employees at Las Vegas-based Desert Springs Hospital Medical Center have been notified of layoffs coming to the facility, which will transition to a freestanding emergency department, The Las Vegas Review-Journal reported Jan. 10. -
Cost of COVID screenings spike during tripledemic: 7 healthcare price trends to know
Cash prices for COVID-19 screenings spiked in December during the tripledemic, according to the most recent U.S. Health Care Price Index released Jan. 10. -
Allegheny Health Network forced to temporarily close clinic
Pittsburgh-based Allegheny Health Network has been forced to temporarily close its AHN Express Care East urgent care center in Harborcreek Township, Pa., due to a shortage of nurses, GoErie reported Jan. 10. -
Wyoming hospital projects scrambling for federal funds, report says
There are too many hospital projects chasing too little government funding in Wyoming, a hospital CEO has complained after an application for federal funding for expansions and updates at his location was tabled, a Jan. 10 Buffalo Bulletin report said. -
M&As to pick up steam in 2023 as hospitals adapt to tougher conditions
Health system mergers and acquisitions dipped in the second half of 2022 as hospitals looked to address urgent challenges including staff shortages, inflation and the rising costs of labor, supplies and energy. -
Public health remains top priority for Indiana even as budget is lowered, report says
An original gubernatorial proposal for a public health budget of $243 million annually in Indiana may have been lowered, but Hoosier state legislators are focusing on healthcare as a top priority in the new 2023 session, according to a Jan. 10 report in the Indiana Capital Chronicle. -
RCM firm Ventra Health names CEO
Ventra Health has appointed Steven Huddleston CEO following the retirement of Mike O'Boyle. -
Hazel Hawkins closing home health services department
Hollister, Calif.-based Hazel Hawkins Memorial Hospital is closing its home health services department effective Jan. 31. -
Health systems see eroding liquidity amid investment losses: Fitch
Nonprofit hospitals typically have strong liquidity relative to debt repayment obligations and business risk, but that is beginning to change as investment losses and rising expenses are eroding financial reserves, according to a Jan. 10 report from Fitch. -
Wakefield & Associates unveils rebrand
Revenue cycle management company Wakefield & Associates is rebranding as Wakefield. -
New York governor unveils $1B plan to tackle mental illness
New York Gov. Kathy Hochul on Jan. 9 detailed a billion-dollar, multi-year plan to overhaul mental healthcare across the state. -
Viewpoint: Congress must overhaul 'dysfunctional' healthcare system, Bernie Sanders writes
Congress must listen to working families and overhaul a "dysfunctional" healthcare system where there is a massive labor shortage and excessive profit for some, says Vermont Sen. Bernie Sanders Bernie Sanders, incoming chair of the Senate's Health, Education, Labor and Pensions Committee (HELP). -
10 recent RCM mergers and acquisitions
Here are 10 revenue cycle management mergers and acquisitions reported by or shared with Becker's since Aug. 16: -
New York Fed: 1-year inflation expectations fall to 5%
Expectations for one-year-ahead inflation continued to decline in December, decreasing by 0.2 percentage point to 5 percent, its lowest level since July 2021, according to a survey released Jan. 9 by the New York Federal Reserve. -
Return to profitability some years off, Fairview says as it reports losses
A return to financial health involving "decisive and measured actions" could take multiple years, management at Minneapolis-based Fairview Health warned as the healthcare system revealed multimillion-dollar losses in 2022. -
Mississippi hospital taking donations to try to stay afloat
Struggling Greenwood (Miss.) Leflore Hospital, which continues to stay open after its planned takeover by the University of Mississippi Medical Center fell through late last year, is accepting donations from concerned local citizens. -
Every rural hospital closure in the COVID-19 era, by state
Hundreds of hospitals in the U.S. are on the ropes financially, largely due not to fiscal mismanagement but inadequate reimbursements, according to the Center for Healthcare Quality and Payment Reform. -
Savista taps senior director of revenue cycle solutions
Revenue cycle management company Savista has named Karen Moore senior director of revenue cycle solutions. -
Kaufman Hall acquires Gist Healthcare
Kaufman Hall, a leading consultant group in the healthcare industry, has acquired Gist Healthcare, a consulting firm that provides guidance to healthcare leaders and has a strong presence in media content. The transaction closed Jan. 1.
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