Today's Top 20 Health Finance Articles
  • Tech companies partner on AI-driven RCM automation

    Aidéo Technologies and MedEvolve are partnering to bring AI-powered coding and revenue cycle workflow automation to healthcare organizations. 
  • Walgreens seeks to offload $4B business

    Walgreens Boots Alliance is exploring the sale of Shields Health Solutions after completing its buyout of the specialty pharmacy business in 2022, Bloomberg reported Jan. 23. 
  • Northwell hospital completes $71M women and children center

    Bay Shore, N.Y.-based South Shore University Hospital, part of New Hyde Park, N.Y.-based Northwell Health, has completed its $71 million women and children's center.
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • Franciscan Health acquiring Indiana hospital

    Mishawaka, Ind.-based Franciscan Health is fully acquiring La Porte, Ind.-based Franciscan Beacon Hospital this spring. 
  • Hospitals continue to fight price transparency fines

    West Covina (Calif.) Medical Center became the most recent hospital to be penalized for alleged price transparency violations when CMS levied a $59,100 fine against it in September. It is now the latest to fight back against the fine. 
  • Lifespan aims to borrow $300M

    Providence, R.I.-based Lifespan is seeking $300 million for construction projects and other capital purchases, according to a GoLocalProv report.
  • The biggest challenges facing revenue cycle departments in 2024

    Nearly half of revenue cycle and finance leaders surveyed said timely patient collections is their biggest concern in 2024, according to a Jan. 23 report from Salucro Healthcare Solutions. 
  • Simplify the complexity of Medicare claims

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  • NYU Langone operating profit grows 11% to $686M

    New York City-based NYU Langone reported $686.2 million in operating income for the year ended Aug. 31, an 11% increase from the $619.2 million it reported in the previous year, according to financial documents published Jan. 23.
  • SUNY Downstate responds to potential closure criticism

    Hospital leaders are responding to criticism after the state of New York announced plans to either drastically shrink or potentially close the University Hospital at Downstate in New York City's Brooklyn borough due to factors like low patient volumes, an operating deficit of around $100 million, and a deteriorating hospital building.
  • Wisconsin hospital closures jolt local officials

    A plan to close two hospitals and numerous clinic locations affecting more than 1,000 jobs in Wisconsin has caught local officials by surprise. 
  • Cleveland Clinic sees $14B revenue, peak patient volumes in 2023

    Cleveland Clinic recorded nearly 14 million patient encounters in 2023, marking the highest count in its 102-year history, with an improvement to its operating margin. 
  • Lawmakers press Steward for info after reports of financial distress

    Massachusetts' congressional lawmakers are requesting information from Steward Health Care after local reports about looming hospital closures within the system, which operates nine hospitals in the state.
  • 'I would not say confident; I would say hopeful': Shuttered Texas hospital board president on potential reopening

    It's been nearly four months since La Grange, Texas-based St. Mark's Medical Center closed its doors Oct. 12 over an inability to pay its mortgage debts. While there have been attempts to resurrect the hospital, many remain hopeful it will one day provide care for the community again. 
  • Trinity hospital appeals $394K fine for closing birthing unit

    Stafford, Conn.-based Johnson Memorial Hospital, part of Hartford, Conn.-based Trinity Health of New England, is appealing a $394,000 civil penalty from the state Office of Health Strategy for failing to resume labor and delivery services despite state requirements to do so, CT Insider reported Jan. 20.
  • MyMichigan operating results sees marginal gain in FY Q2

    Midland, Mich.-based MyMichigan Health saw a 6.2% year-over-year increase in operating income to $7.5 million while net income decreased by 60% to $20 million for its second quarter running Oct. 1 to Dec. 31, 2023.
  • 46% of C-Suite execs prioritizing cost reduction, survey says

    A recent survey from Sage Growth Partners, a business management consultant company, highlights how hospital and health system leaders are focusing on strategic initiatives to tackle ongoing workforce shortages and reduce costs in the next year.
  • 3 major care providers facing closure

    Continued financial challenges have led to closure discussions at three major care providers in the last week.
  • Guthrie migrates care to shuttered Pennsylvania hospital

    Sayre, Pa.-based Guthrie Clinic is now seeing patients at the former Tyler Memorial Hospital in Tunkhannock, Pa.
  • NYC to clear $2B in medical debt for 500,000 people

    Up to 500,000 New Yorkers will be cleared of their healthcare debt through a new program rolled out by New York City, which will invest $18 million to relieve more than $2 billion in debt. 
  • Arkansas system administrative staff take pay cuts

    North Arkansas Regional Medical Center in Harrison has made cost reduction efforts — including layoffs and voluntary pay cuts for administrative staff — amid declining revenue. 

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