Today's Top 20 Health Finance Articles
  • 10 hospitals seeking CFOs

    Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.
  • CommonSpirit posts $591M quarterly operating loss

    CommonSpirit Health, a 142-hospital system based in Chicago, reported an operating loss for the three months ended March 31, according to financial documents released May 13. 
  • HHS extends deadline to request COVID-19 aid reporting exception

    Healthcare providers who missed the March 31 deadline to report on how they used provider relief funds payments now have until May 18 to request an extenuating circumstances extension. 
  • Providence's operating loss hits $510M in Q1

    Citing inflation and labor cost pressures, Renton, Wash.-based Providence recorded an operating loss of $510.16 million in the first quarter of 2022, according to financial documents released May 13. In the same quarter one year prior, Providence posted an operating loss of $221.91 million.
  • AHA responds to report on hospitals' requested price hikes to insurers

    Rick Pollack, president and CEO of the American Hospital Association, said a recent news report about hospitals asking insurers to pay them up to 15 percent more to help offset rising wages passed over the bigger picture of hospitals' cost structures. 
  • Mass General Brigham posts $867M quarterly net loss

    Despite seeing a slight increase in revenue, Boston-based Mass General Brigham ended the second quarter of fiscal year 2022 with both an operating loss and net loss, according to its financial report released May 13. 
  • Citing inflation, 2 New York hospitals lay off 4% of staff

    Claxton-Hepburn Medical Center in Ogdensburg, N.Y., and Carthage (N.Y.) Area Hospital both laid off 4 percent of their workforce, according to WWNY. 
  • The barriers to hospital price transparency compliance

    Although CMS' price transparency rule went into effect in January 2021, hospitals have been slow to comply with the regulation. 
  • Nonprofit hospital margins to remain weak through Q2, Fitch says

    Nonprofit hospital margins will continue to struggle through the second quarter of 2022 following the operational challenges from the omicron variant, Fitch Ratings said in a May 12 report.
  • California's $18B inflation relief package includes payouts for hospital, nursing home staffs

    California Gov. Gavin Newsom has proposed an $18.1 billion inflation relief package that includes $1,500 direct payments to hospital and nursing home employees across the state.
  • COVID-19 funding and Congress: No clear path forward

    Aid to boost the availability of COVID-19 tests, therapeutics and vaccines nationwide continues to dwell in a congressional logjam. 
  • Hospitals' finances are hurting

    Many hospitals and health systems across the U.S. are feeling the effects of higher expenses and market volatility in the first quarter of 2022. 
  • HHS releases $450M to rural healthcare providers

    HHS released $450 million in payments to rural healthcare providers to address financial challenges arising from the COVID-19 pandemic on May 10, according to the American Hospital Association.
  • Ballad Health reports operating loss of $37.3M

    Johnson City, Tenn.-based Ballad Health reported an operating loss of $37.3 million for the three months ended March 31, compared to an operating income of $16 million in the same period last year, according to its financial results.
  • How to deliver a personalized billing experience with RCM process automation

    A patient's billing experience affects overall satisfaction and perception of a provider. According to a recent survey by Patient Engagement HIT, 93 percent of patients say a negative billing experience could dissuade them from returning to a healthcare provider. In contrast, patients who are satisfied with their hospital billing process are five times more likely to recommend the facility to a friend.
  • 7 key questions to gauge your personal inflation rate

    With inflation at its highest level in four decades, people's experience with it depends on several lifestyle habits, including food and travel, a May 8 interactive tool by The New York Times shows.
  • Ardent Health expands RCM deal with Ensemble

    Ardent Health Services, a network of 30 hospitals in six states, has expanded its revenue cycle management partnership with Ensemble Health Partners. 
  • Med-Metrix acquires RCM software company

    Med-Metrix acquired front-end revenue cycle management software and service company PatientPal. 
  • AdventHealth posts $417.7M loss in Q1

    AdventHealth, a 48-hospital system based in Altamonte Springs, Fla., recorded a $417.72 net loss in the first quarter of 2022, driven by both investment and operating losses, according to recently released financial results. 
  • Treatment costs for these diseases grew, dropped the most

    The average cost of treating disease in the U.S. is 1.6 times more expensive in 2022 than in 1999, according to an April 25 report from healthcare.com.

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