Today's Top 20 Health Finance Articles
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Philanthropy and Financial Health: Navigating the Future of Not-for-Profit Healthcare
After reading the insightful white paper "No Margin, No Transformation: Why not-for-profit health systems need positive margin" published by Deloitte, I was struck by the complex fiscal challenges healthcare institutions face today. As CEO of the Association for Healthcare Philanthropy (AHP), I am compelled to discuss the crucial role of philanthropy in contributing to healthy hospital margins. -
4 hospitals with uncertain futures
While hospital and health system cuts and closures continue popping up in 2024, particularly across the maternity services side of healthcare, the closure status for certain hospitals remains in limbo, leaving many healthcare workers, patients, and community members searching for answers. -
CommonSpirit expects $1B in cash payments by end of year
CommonSpirit CFO Dan Morissette said the Chicago-based health system expects to receive more than $1 billion in cash payments by end of 2024 or early 2025 on four one-time funding opportunities. -
From arias to RCM: How opera singing helped Henry Ford Health's revenue cycle VP's healthcare career
Before she got into healthcare, Jennifer Rohs, vice president of revenue cycle at Detroit-based Henry Ford Health, was a professional opera singer. -
$83M on the line for New York hospital in need of new CEO
Some Nassau County Democratic legislators and community stakeholders are calling for an overhaul and oversight as Nassau University Medical Center, a 530-bed tertiary care teaching hospital in East Meadow, N.Y., faces significant financial struggles. -
Mount Sinai Beth Israel ending stroke, cardiac services amid hospital closure plans
New York City-based Mount Sinai Health's Beth Israel campus will end its stroke and cardiac services March 10 due to voluntary staff departures since the planned closure of the hospital was shared in September. -
Workforce trends CFOs must know
The labor market pendulum is beginning to swing back in the favor of employers, but staffing shortages and controlling workforce costs are expected to continue to be a challenge for finance leaders for the foreseeable future. -
The state canceling $2B in medical debt
Up to 1 million residents in Arizona may have their medical debt forgiven through a new program the state's governor announced March 4. -
Trauma centers charge more for non-trauma care: Report
Hospitals that are designated as trauma centers charge patients more for non-trauma care than hospitals without that designation, according to a study published March 4 in Health Affairs. -
7 hospital closures in 2024
Many hospitals and emergency departments have been forced to close in 2024 due to circumstances like high costs and shifts in care needs. -
What Potential Savings Does Your Supply Chain Hold? This Healthcare ROI Calculator Can Help
Sanford Health is projected to save over $1.4 million within their perioperative supply chain. North Mississippi Health Services achieved annual savings of $8 million through a self-distribution management system. -
Walgreens not selling Shields specialty pharmacy, CEO says
Walgreens Boots Alliance will not be selling its Shields Health Solutions, a specialty pharmacy business, after initial reports that the retail company was looking to offload the pharmacy in January. -
CommonSpirit 'having real issues' with Medicare Advantage, CFO says
Chicago-based CommonSpirit is having significant challenges getting paid appropriately for care provided through some of its Medicare Advantage programs, CFO Dan Morissette said during the health system's Feb. 29 investor call. -
The health systems outpacing the price transparency trend
Only 34.5% of 2,000 hospitals reviewed by patientrightsadvocate.org were compliant with federal price transparency rules, according to the organization's semi-annual report released Feb. 29. -
CommonSpirit adjusts portfolio, investing in 'strongest markets,' CEO says
Chicago-based CommonSpirit has made "solid progress" on its financial improvement strategy in the most recent quarter but is "certainly not where we need to be," CEO Wright Lassiter III said during the health system's fiscal second quarter investor call on Feb. 29. -
Congress floats lower Medicare physician fee cuts: 4 notes
Physicians are set to receive a 1.7% increase in Medicare pay effective March 9 as part of a $460 billion spending package congressional leaders released this weekend. -
'That's what Indiana deserves': IU Health CFO on capital projects, community investment
After reporting $1.1 billion in net income in 2023, compared to a $715 million net loss in 2022, Jenni Alvey, senior vice president and CFO of IU Health, is pleased with how the health system is coming out of the pandemic. -
HCA, CHS, Tenet and UHS: 342 hospitals, $112B in revenue
Four of the major for-profit hospital chains operate 342 acute care hospitals across the U.S. and reported more than $112 billion in revenue combined in 2023. -
10 RCM headlines to know in February
From Change Healthcare confirming it was hacked by a ransomware gang to Allina Health announcing it will transition 2,000 IT and revenue cycle employees to Optum, here are 10 RCM headlines Becker's reported in February. -
33 statistics on hospital profitability
The average operating margin for hospitals in January was 5.1%, down 11% from December, according to the Kaufman Hall National Hospital Flash Report.
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