Nashville, Tenn.-based HCA Healthcare posted $15.86 billion in net operating revenue in the second quarter, with managed care accounting for almost 50 percent of revenue, according to an earnings report published July 31.

CVS Health is looking to trim hundreds of millions of dollars from its cost structure while also standing up 50 to 60 more Oak Street Health clinics in 2024.

Franklin, Tenn.-based Community Health Systems reported a net loss of $38 million in the second quarter, building on the previous quarter's loss to total an $89 million deficit in the first half of 2023.

Porterville, Calif.-based Sierra View Medical Center is applying for a $17.35 million loan from the newly created Distressed Hospital Loan Program as it looks to stay afloat, The Porterville Recorder reported Aug. 2. 

Boston Medical Center and Renton, Wash.-based Providence are among the backers of new legislation that aims to inject $105 billion into healthcare infrastructure needs as health systems increasingly face the effects of extreme climate events.

Acquisitions of previously independent hospitals by health systems are both raising prices and reducing the quality of care, according to a report from the Elevance Health Public Policy Institute.

California has agreed to write off more than $90 million in debt held by bankrupt Borrego Springs, Calif.-based Borrego Health, The San Diego Union-Tribune reported Aug. 2.

Jennifer Olson, senior vice president and COO of Children's Minnesota, is stepping down from the position and leaving the organization after a 22-year tenure. 

R1 RCM posted revenues of $560.7 million in the second quarter of 2023, up $168.8 million — or 43.1 percent — over the same period last year, according to the revenue cycle firm's Aug. 2 financial report. 

From a revenue cycle company facing a proposed class-action lawsuit over a data breach, to the CEO of Bassett Healthcare Network sharing details of the system's outsourcing partnership with Optum, here are six RCM stories Becker's reported in July: 

Hollywood, Fla.-based Memorial Healthcare, a six-hospital system, reported operating income of $86.4 million in fiscal year 2023 on revenue of almost $3 billion.

Orlando (Fla.) Health on Aug. 1 added Florida Medical Clinic, a Tampa-based multispecialty group with 54 locations and more than 2,000 employees, including over 350 providers.

The American Hospital Association is taking on a message that might be common sense to many but is a source of misconception to some: hospitals and health systems do not operate with a goal to incur financial losses. 

CMS plans to boost inpatient hospital pay 3.1 percent in 2024, which the American Hospital Association called "inadequate" to keep up with inflation.

Adirondack Health will close its emergency department in Lake Placid, N.Y., at 8 p.m. on Aug. 20 after receiving state approval. 

CVS Health posted 10.3 percent higher revenues in its second-quarter earnings released Aug. 2 and beat investor expectations, but the company's net income dropped 37 percent year over year, largely because of company-wide restructuring, acquisition-related expenses, increased medical utilization among older adults and continued pressure on pharmacy reimbursements. 

Winchester, Va.-based Valley Health System was able to cut some of its salary and benefits expenses during the second quarter while reporting operating income of $14.9 million for the period.

The in-home care arm of Syracuse, N.Y.-based St. Joseph's Health, part of Livonia, Mich.-based Trinity Health, is shutting down October 23, pending the discharge of all patients.

The foundation of Florida billionaires Daniel and Jane Och partnered with RIP Medical Debt to relieve $264 million in medical debt for Miami-Dade County residents, the Miami Herald reported July 27. 

Grand Rapids, Mich.-based Corewell Health will close its Lakeview, Mich.-based Spectrum Health Kelsey Hospital in October after a steady decline in admissions.