Walgreens' Village MD will close about 40 clinics in Florida, exiting the market entirely by March 15.

Nonprofit hospital financial performance is improving, and operating margins are expected to increase 1.6% on average in 2024, according to a report from Fitch, a ratings firm.

Camden, N.J.-based Cooper University Health Care, a 137-year-old health system, received its highest ever credit rating from Fitch this month and has ambitious plans to continue to grow post-pandemic.

What matters most to American healthcare consumers comes down to access, or the ability to receive care when and where they need it.

Hospitals and health systems across the country are experiencing unprecedented rates of claims denials, which are dampening their revenues and causing growing tensions in their relationships with payers.

Two things seem to be true at once when it comes to hospital finances: Too many hospitals are losing money and high-performing hospitals doing better and better, "effectively pulling away from the pack," according to an analysis from Kaufman Hall. 

Kevin Hammons, CFO of Franklin, Tenn.-based Community Health Systems, said that Medicare Advantage payers began denying and downgrading "significantly more claims" in the post pandemic period. 

Hospitals and health systems around the country have recently ended some or all of their Medicare Advantage contracts, citing a variety of reasons such as reimbursement delays and the burden of prior authorizations.

CMS will cut Medicaid disproportionate share hospital payments for some safety-net hospitals in fiscal year 2024, which began Oct. 1, 2023, according to a final rule published Feb. 20.

Chapel Hill, N.C.-based UNC Health is launching a fundraising effort to help pay for its flagship freestanding children's hospital, Triangle Business Journal reported Feb. 20. 

The net losses for Medical Properties Trust, one of the world's largest hospital real estate owners, included around $772 million in nonrecurring write-offs and impairments in the fourth quarter of 2023, mostly led by Dallas-based Steward Health Care's financial difficulties, according to MPT's recent financial reports.

A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.

St. Louis-based Ascension continues to improve its operating performance and aims to ensure long-term sustainability for the health system on the back of a $3 billion operating loss in fiscal year 2023. 

NYU Langone Health has received a $75 million donation from the Julia Koch Family Foundation to open a new ambulatory care center in West Palm Beach, Fla.

Providers, facilities and air ambulance companies prevailed in 77% of No Surprises Act payment determinations in the first half of 2023. 

The ability to afford unexpected medical bills and the cost of healthcare services top the list of Americans' financial concerns headed into the 2024 presidential election.

Franklin, Tenn.-based Community Health Systems reported a $957 million in operating income (7.7% margin) in 2023, improving on the $821 million gain (6.7% margin) posted in 2022.

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.

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.

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.