Medical claims denials are on the rise and continue to be a costly problem for health systems. Unfortunately, the vast majority of providers focus their resources on reactive responses, working to appeal denials and recover payments after denials have already occurred.

Chicago-based Rush System for Health has a strong financial profile despite ongoing labor issues and inflationary pressures, according to Fitch, which affirmed the system's "AA-" rating and stable outlook Feb. 13.

Sioux Falls, S.D.-based Sanford Health plans to invest millions of dollars into Minneapolis-based Fairview Health Services facilities when the systems merge, according to a report from SiouxFalls.Business.

Tacoma, Wash.-based MultiCare Health System reported an overall $515 million loss in 2022 as it suffered from declines in investment values as well as from inflationary pressures hitting its labor and other expenses.

ApolloMD, a clinical services provider for hospitals and health systems, is partnering with Adonis, a revenue intelligence and automation platform.

KLAS Research, a healthcare IT data and insights company, on Feb. 8 named its "Best in KLAS" revenue cycle services for 2023. 

Ten revenue cycle management companies — including Conifer Health Solutions and R1 RCM — have announced executive leadership changes since Nov. 15:

Financially troubled Visalia, Calif.-based Kaweah Health, which has embarked on a cost-cutting strategy after years of losses, said it failed to meet debt coverage obligations in a Feb. 13 filing.

More than 75 percent of rural hospitals in Tennessee are at high risk of closure in the next few years, according to Fox affiliate WZTV in a Feb. 10 report, citing advocacy group the Tennessee Healthcare Campaign.

Oroville (Calif.) Hospital is closing Golden Valley Home Health, the hospital's home health business, the Enterprise-Record reported Feb. 12.

Moody's Investors Service has downgraded Danville, Pa.-based Geisinger Health System's outstanding bonds from "A1" to "A2." 

Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.

Salisbury, Md.-based TidalHealth reported a 2022 operating loss of approximately $31 million as the healthcare system struggled with increased staffing costs.

CMS is instructing certified independent dispute resolution entities to hold all payment determinations under the No Surprises Act until HHS and the Treasury Department issue further guidance. 

Doximity reported 18 percent higher revenues, 78 percent higher operating cash flow, and 85 percent higher free cash flow, year-over-year, in its fiscal third quarter results published Feb. 9.

Oakland, Calif.-based Kaiser Permanente reported a net loss of $4.5 billion in 2022, down from a net income of $8.1 billion in 2021, according to its financial results released Feb. 10. Its operating margin dipped from 0.7 percent in 2021 to -1.3 percent in 2022. 

Vail (Colo.) Health is looking to return to normalcy and focus on its expansion projects in 2023 after 2022, in which the system saw a 49 percent drop in operating margin, SummitDaily reported Feb. 10. 

Somerville, Mass.-based Mass General Brigham reported a $1 million operating loss for its latest quarter as it continued to struggle with labor expenses.

Honolulu-based Hawaii Pacific Health reported net income of $25.3 million in 2022, approximately 52 percent down on 2021 figures of $53.4 million.

Local legislators are fast-tracking a $5 million payment to Denver Health, which operates Colorado's safety-net hospital, according to a Feb. 8 Denver Post report.