Today's Top 20 Health Finance Articles
  • New-York Presbyterian Q2 operating income drops 43% to $100.6M

    New York City-based New-York Presbyterian reported an operating income of $100.6 million (3.8% margin) in the second quarter, a $76.8 million decrease from the $177.5 million operating gain (6.5% margin) for the same period in 2023.
  • Crozer Health displaces 30 employees from hospital OR amid service cuts

    Upland, Pa.-based Crozer Health will cut 30 positions at its Ridley Park, Pa.-based Taylor Hospital due to the 107-bed hospital ending surgical services by Sept. 1, The Philadelphia Business Journal reported Aug. 28. 
  • Faith-based systems fight HCA expansion in competitive markets

    Two faith-based, nonprofit health systems are pushing back against Nashville, Tenn.-based HCA Healthcare's expansions in Western North Carolina and Central Virginia, two high-growth areas that are seeing increased competition among providers. 
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  • UPMC posts $313M operating loss in 1st half of 2024

    Pittsburgh-based UPMC posted an operating loss of $313 million (-2.2% margin) in the first half of 2024, down from a $15 million operating income (0.1% margin) reported in the first half of 2023, according to the system's Aug. 29 financial report. 
  • Why RCM is a top priority for healthtech investors

    Over the past 18 months, healthtech investment volume has decreased as investors have endured inflation, elevated interest rates and greater uncertainty, Deloitte said in an Aug. 27 report. 
  • Cedars-Sinai raises $1B

    Los Angeles-based Cedars-Sinai has raised $1 billion in a fundraising campaign to support medical research, clinical care and academic leadership.
  • Bon Secours Mercy Health rebounds with $30M operating gain in Q2

    Cincinnati-based Bon Secours Mercy Health reported $30.1 million in operating income (0.9% margin), a more than $123 million improvement on the $92.9 million operating loss (-3.1% margin) posted in the second quarter of 2023. 
  • Premier Health cuts operating loss by 45% in Q2

    Dayton, Ohio-based Premier Health saw an operating loss of $13.5 million (-2.2% margin) in the three months ended June 30, 2024, a 45% improvement from a $24.6 million operating loss (-4.3% margin) during the same time period in 2023, according to its Aug. 28 financial report. 
  • What's going on with Steward's hospital sale delays?

    As the status for many of Dallas-based Steward Health Care's 31 hospitals remains uncertain, the for-profit health system has continued to delay facility sale hearings and bid dates after it sought Chapter 11 protection on May 6. 
  • Inova posts 5.4% operating margin in 1st half of 2024

    Falls Church, Va.-based Inova Health System reported an operating income of $170.4 million (5.4% margin) in the first half of 2024, up from an operating income of $97.7 million (3.5% margin) posted over the same period last year, according to its financial report released Aug. 28. 
  • CEO rebuilds Pennsylvania system after $440M loss

    West Reading, Pa.-based Tower Health's new-look leadership team, organizational structure and culture have helped the health system improve its financial performance by more than $160 million year over year while a debt refinancing deal has secured a longer runway to return to profitability. 
  • Why Intermountain ditched the term 'value-based care'

    Salt Lake City, Utah-based Intermountain Health was an early adopter of value-based care principles, deploying strategies to boost quality and lower costs. The health system pioneered owning a health plan and driving down pharmaceutical costs with CivicaRx.
  • Tampa General invests $162M to strengthen integration with USF Health

    Tampa (Fla.) General Hospital is investing $162 million in 2025 to support greater integration with its university affiliate, USF Health.
  • Risant's Cone Health acquisition: 3 new details

    Risant Health, a Washington, D.C., nonprofit formed under Oakland, Calif.-based Kaiser Permanente, signed a definitive agreement June 24 to acquire Greensboro, N.C.-based Cone Health. 
  • Intermountain operating income up 77% in 1st half of 2024

    Salt Lake City-based Intermountain Health reported an operating income of $326 million (3.8% margin) over the first half of 2024, up from an operating income of $184 million (2.3% margin) over the same period last year, according to its Aug. 28 financial report.
  • Advocate Health posts $450M operating gain, 425% YOY growth

    Charlotte, N.C.-based Advocate Health reported $449.8 million in operating income (2.7% margin) in the first six months of 2024, a substantial improvement on the $85.7 million gain (0.6% margin) posted during the same period last year. 
  • Hospitals began Q3 strong

    U.S. hospitals reported a bump in average operating margins and patient volume to begin the third quarter, according to Strata's Monthly Healthcare Industry Financial Benchmarks.
  • 'One of the worst situations a CFO can be in': Inside a system's split with UnitedHealth

    Signs of tensions between Carson Tahoe Health and UnitedHealthcare have been apparent for a while.
  • SSM Health's financial rebound hits speed bump in Q2

    St. Louis-based SSM Health, a 23-hospital faith-based system, reported an operating loss of $44.8 million (-1.6% margin) for the three months ending June 30, slipping from a $39.6 million loss (-1.5% margin) during the second quarter of 2023.
  • Renown posts 7.3% operating margin in 1st half of 2024

    Reno, Nev.-based Renown Health posted an operating income of $72.7 million (7.3% margin) in the first half of 2024, up from $4.7 million (0.5% margin) over the same period last year. 

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