Today's Top 20 Health Finance Articles
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Sanford doubles operating income to $402M
Sioux Falls, S.D.-based Sanford Health reported an operating income of $402.2 million in 2023, more than double the $192.3 million it posted in 2022, according to its financial report released Feb. 14. -
CommonSpirit exits the red with $356M Q4 gain
Chicago-based CommonSpirit posted an operating income of $356 million (3.5% margin) in the quarter ended Dec. 31, a significant turnaround from the $440 million loss (-5.4% margin) reported in the same period the previous year. -
Healthcare Finance Trends for 2024 – Progress, but Major Challenges Ahead
Healthcare Finance Trends for 2024 by CommerceHealthcare® presents the bank’s annual outlook on major factors commanding leadership attention. Ten themes are identified from analysis of a broad spectrum of industry data. -
3 healthcare organizations expanding access amid HSHS closures
Three additional healthcare organizations are stepping up to the plate to ensure patient care access for those affected by Springfield, Ill.-based Hospital Sisters Health System's closure of two hospitals and clinics it operates with Green Bay, Wis.-based Prevea Health. -
Steward Florida hospital shutters obstetrics unit early
Miami-based North Shore Medical Center, part of Dallas-based Steward Health Care, has closed patient care in its obstetrics unit, effective Feb. 14, a few weeks earlier than its initial March 10 planned closure. -
'Long concerned': Massachusetts lawmakers probe Cerberus for Steward answers
Lawmakers in Massachusetts have sent a letter to Cerberus Capital Management, a private equity firm that founded Dallas-based Steward Health Care, demanding answers related to the health system's financial troubles, The Boston Globe reported Feb. 15. -
'Pressure is on' for prior authorization reform, AMA president says
A series of recent prior authorization policy wins has American Medical Association President Jesse Ehrenfeld, MD, optimistic that "momentum is building toward meaningful prior authorization reform." -
The 'unique implications' of Medicare Advantage for rural hospitals
The rising enrollment in Medicare Advantage plans has "unique implications" for rural hospitals, according to a Feb. 13 report from the the Chartis Center for Rural Health. -
McLaren operating profit slips 20% in FY Q1
McLaren Health Care posted $20.9 million operating income for the fiscal first quarter ended Dec. 31, a 20% drop from the $26.1 million recorded during the same period in 2022, according to financial documents published Feb. 14. -
Jefferson cuts 6-month operating loss: 5 things to know
Philadelphia-based Thomas Jefferson University, owner of Jefferson Health, reported a $48.7 million loss in the first six months of fiscal year 2024, an improvement from the $83.4 million loss it experienced over the same period last year, according to its Feb. 14 financial report. -
Allina losses plummet to $352.6M, margin at -6.8%
Minneapolis-based Allina Health reported a $352.6 million operating loss in 2023, an 80% drop from the $195.8 million loss reported in 2022, according to financial documents published Feb. 14. -
'Frustrated with where we are': Massachusetts governor talks Steward troubles, plan of action
Massachusetts Gov. Maura Healey and her administration further addressed Steward Health Care's financial troubles along with the state's ongoing plan of action during a state public health council meeting Feb. 14. -
Why 2 health systems ended RCM partnerships
Here is why two health systems recently ended their revenue cycle management partnerships: -
'Healthcare is not poker': Leader dives deeper into Steward's struggles
Alan Sager, PhD, professor of health law, policy and management and director of the health reform program at Boston University School of Public Health, has been conducting research on hospital closures for years. -
418 rural hospitals at risk of closure, breakdown by state
There are about 418 rural hospitals at risk of closure, according to a new report from Chartis, a healthcare advisory services firm. -
What the states with the highest percentage of adults with medical debt have in common
On average, 8.6% of adults reported having medical debt annually between 2019 and 2021, according to a Feb. 12 study from KFF and the Peterson Center on Healthcare. -
California system's revenue spiked 14% after establishing 'turnaround group'
Stephen DelRossi and the executive team at Northern Inyo Healthcare District in Bishop, Calif., have had their work cut out for them over the last year. -
50% of rural hospitals are operating in the red: 7 things to know
Half of rural hospitals are operating in the red, up seven percentage points from last year, according to a Feb. 13 report from the Chartis Center for Rural Health. -
NewYork-Presbyterian plans new cancer center
NewYork-Presbyterian plans to build a nearly 400,000-square-foot cancer center at its Columbia University Irving Medical Center in New York City's Washington Heights neighborhood. -
Value-based care an 'elusive concept,' HCA CEO says
Sam Hazen, CEO of HCA Healthcare, called value-based care an "elusive concept" while moderating a panel at the Nashville Health Care Council's 2024 Wall Street Perspective on the Healthcare Industry event, the Nashville Business Journal reported Feb. 12.
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