Today's Top 20 Health Finance Articles
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Rural hospitals can have a 'false sense of reality' about disappearing pandemic funds
Rural hospitals across the United States are facing multiple challenges both old and new and especially now that any pandemic-related funds they have received are drying up, according to a March 7 Kaiser Health News report. -
How Biden's budget aims to sustain Medicare, lower costs
President Joe Biden will release his proposed fiscal year 2024 budget this week — which he says will extend the Medicare trust fund by at least 25 years, while lowering costs for Medicare beneficiaries. -
Hospitals urge Congress to prevent $8B in Medicaid DSH cuts
Nine national groups representing hospitals and health systems — including the American Hospital Association and the Federation of American Hospitals — have urged Congress to address Medicaid disproportionate share hospital cuts, scheduled to begin in fiscal year 2024. -
9 RCM companies making exec moves
Here are nine revenue cycle management companies that have announced executive leadership changes in 2023: -
1st hospitals line up for new rural hospital designation
The first hospitals seeking CMS' new rural emergency hospital designation have submitted their applications, Kaiser Health News reported March 6. -
Penn Medicine expansion hampered by 'huge macro headwinds,' CEO says
Philadelphia-based Penn Medicine has a pipeline of projects on the horizon, but its CEO said the health system's timeline has slowed, Philadelphia Business Journal reported March 6. -
Trinity Health reports almost $300M operating loss as expenses continue to rise
Livonia, Mich.-based Trinity Health, one of the largest nonprofit health systems in the country, reported an operating loss of approximately $298 million for the six months ending Dec. 31 as expenses continued to exert pressure. -
Georgia hospital's new RCM tool leads to $5.4M boost in cash collections
Augusta (Ga.) University Medical Center expanded partnership with revenue cycle software company AccuReg has increased point-of-service collections to $9 million, $5.4 million more than expected. -
What patients want most from providers
In addition to quality of care, available appointments are what patients want most from their healthcare provider, according to a survey from digital health platform Tebra released March 6. -
Lifespan reports profit in final 2022 quarter, reversing loss
Providence, R.I.- based Lifespan reported net income of $15.3 million for the final quarter of 2022, even as its expenses rose 7.4 percent higher than the same period in 2021. -
'It gives me chest pains': Minnesota system CEO says margins may hit -8%
Winona (Minn.) Health reported a 3 percent operating margin last year boosted by federal pandemic funds. This year, the rural health system with a 49-bed hospital expects annual results to be much worse, according to the Star Tribune. -
CEO issues plea to keep California hospital running
Gary Herbst, the CEO of cash-strapped Kaweah Health, has turned to county leaders seeking help to keep the Visalia, Calif.-based hospital afloat, the The San Joaquin Valley Sun reported March 5. -
Increasing Margins During Difficult Times: How Second Pass Reviews Can Help Hospitals Survive
The past few years have been a trying time for healthcare systems. -
Ohio lawmakers push for more hospital price transparency
Ohio lawmakers have introduced a bill modeled after a Colorado law that went into effect last year that aims to increase hospital price transparency, NBC affiliate WCMH reported Feb. 14. -
Lawsuits and logjams: A No Surprises Act timeline
The No Surprises Act was signed into law in late 2020 in an effort to end surprise medical bills for emergency and scheduled care. But the law has since faced a number of legal challenges as well as a substantial backlog of claims. -
CentraCare enjoys robust operating performance as rating affirmed
St. Cloud, Minn.-based CentraCare, which operates eight hospitals, had both its default rating and that on various bonds affirmed at "AA-" as the health system continues to enjoy strong local market share and solid financial operations, Fitch Ratings said March 3. -
3-hospital system in California suffers rating downgrade as financial woes continue
Fresno, Calif.-based Community Health System saw ratings on a series of its bonds downgraded amid sustained financial struggles, S&P Global said March 3. -
6 hospital closures in 3 months
From decreasing inpatient volumes to reimbursement challenges and rising demand for outpatient care, various factors lead hospitals to shut down or enter bankruptcy. -
Steward has not formally asked county to take over closing San Antonio hospital, city officials say
After Dallas-based Steward Healthcare announced its intent to close its San Antonio-based Texas Vista Medical Center and asked San Antonio-based University Health to take over, Bexar County officials are saying that they have not received a formal proposal to take over the hospital, local news outlet KSAT reported March 1. -
WellSpan billing statements go paperless
York, Pa.-based WellSpan Health is moving to paperless statements with MyWellSpan accounts.
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