Today's Top 20 Health Finance Articles
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Denver Health turning to voters amid rising uncompensated care costs
Denver Health is working with city council members on a November ballot initiative seeking a .34% sales tax increase that, if approved, would help pay for uncompensated care, NBC affiliate KUSA reported June 5. -
Allina Health's new CFO is getting back to the basics
Doug Watson, CFO of Minneapolis-based Allina Health, is ready to hit the ground running with innovative ideas in his newly appointed role, after spending the past six months as interim CFO at the health system. -
What 'secret shoppers' found out about hospital payment options
Researchers posing as underinsured patients found that while payment plan options are offered at most hospitals, details of those options "vary widely," according to a June 4 report from Los Angeles-based USC Schaeffer Center for Health Policy & Economics. -
HCA shares continue climb to new highs
As HCA Healthcare shares continue their ascent, so too does the estimated net worth of co-founder Thomas Frist Jr., MD. -
AHA lays into proposed inpatient payment rule
The American Hospital Association outlined several concerns with CMS' proposed inpatient payment proposal for 2025 in a June 5 letter to the agency. -
Lifespan keeping tabs on Steward hospitals
Providence, R.I.-based Lifespan is keeping a pulse on the bankruptcy hearings and scheduled sale of Dallas-based Steward Health Care's 31 hospitals with potential interest in some of the health system's Massachusetts facilities, Providence Business First reported June 4. -
Hospitals urge Congress to protect 340B program
The American Hospital Association told the House Energy and Commerce committees that it strongly supports the 340B Drug Pricing Program and opposes any efforts that would "diminish the value and scope" of the program. -
Beth Israel Lahey cuts operating loss in Q2
Cambridge, Mass.-based Beth Israel Lahey Health posted a $41.9 million operating loss in the second quarter of 2024, an improvement from a $50.6 million loss posted during the same quarter last year, according to its May 30 financial report. -
New York hospital expects $3M revenue boost as CAH
Wyoming County Community Health System in Warsaw, N.Y., has transitioned to a critical access hospital, effective May 16. -
MaineHealth combines hospitals under 'multi-campus' entity
Portland-based Maine Medical Center and Southern Maine Health Care on June 1 combined their hospital licenses and medical staff to establish a multi-campus medical center known as MaineHealth Maine Medical Center. -
Northwell, New York AG expand financial aid for patients
New Hyde Park, N.Y.-based Northwell Health inked a deal with New York Attorney General Letitia James to increase financial assistance for uninsured patients and patients with high-deductible health plans who struggle to pay medical bills. -
Alaska hospital needs 'significant adjustment’ to make payroll
Bartlett Regional Hospital in Juneau, Alaska, has been losing about $1 million a month since mid-2020 and needs to make some tough decisions about service cuts to ensure its survival, according to local news outlet KTOO. -
California health system, AmSurg ink ASC joint venture
Escondido, Calif.-based Palomar Health and AmSurg have formed a joint venture with the health system's Poway (Calif.) Surgery Center. -
Ken Griffin continues healthcare giving with $12M to Hospital for Special Surgery
Citadel CEO Ken Griffin is donating $12 million to Hospital for Special Surgery in New York City, marking another gift from the billionaire to hospitals in 2024. -
Steward secures green light for 31 hospital sale dates
U.S. bankruptcy Judge Chris Lopez authorized the sale dates for Dallas-based Steward Health Care's 31 hospitals during a June 3 hearing. -
Renown Health sees operating income climb in Q1
Reno, Nev.-based Renown Health posted an operating income of $32.4 million in the first quarter of 2024, up from an operating loss of $2.1 million in the same quarter last year, according to its May 28 financial report. -
Sentara's operating income up 20% in Q1
Norfolk, Va.-based Sentara Health posted an operating income of $148.3 million in the first quarter of 2024, up 20% from $123.5 million posted over the same period last year, according to its May 14 financial report. -
Tower Health inks $142M financing deal to aid financial turnaround
West Reading, Pa.-based Tower Health has secured more than $142 million through a debt refinancing deal with bondholders, nearly doubling its days of cash on hand to almost 60 days, a spokesperson for the health system confirmed to Becker's. -
Munson Healthcare to make 'difficult decisions' as operational challenges continue
Traverse City, Mich.-based Munson Healthcare is continuing to deal with ongoing operational challenges and is in the process of making "difficult decisions" to ensure care for the community. -
U of Arizona, Banner Health program to cut 45 positions
The All of Us Research Program run in collaboration by the University of Arizona in Tucson and Banner Health in Phoenix plans to lay off 45 employees due to reduced federal research funding, according to an Arizona WARN notice filed May 28.
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