St. Louis-based Mercy posted an operating income of $114.7 million through the first nine months of fiscal 2024, up from an operating loss of $84.4 million over the same period last year, according to its June 14 financial report. 

Nonprofit hospital operating margins are up double-digits year over year, according to Kaufman Hall's "National Hospital Flash Report" released June 3.

In an era where inflation challenges the healthcare industry, Charleston, W.Va.-based Vandalia Health is pioneering strategies to maintain financial health and service excellence.

Dallas-based Steward Health Care has received approval from U.S. Bankruptcy Judge Chris Lopez for a $225 million loan to support operations ahead of the auctioning of its 31 hospitals and physician group, Stewardship Health.

Moody's on June 12 downgraded the ratings of two health systems:

The board of directors for Fort Myers, Fla.-based Lee Health voted 9-1 in support of converting the health system from a public nonprofit to a private nonprofit. 

West Reading, Pa.-based Tower Health recently agreed a $142 million debt refinancing deal with bondholders to almost double its days of cash on hand and secure a longer runway to  execute its financial turnaround and return to profitability.

Cincinnati-based Mercy Health is seeking proposals from developers for the next phase of its redevelopment of the former St. Luke's campus in Maumee, Ohio.

Below are 10 hospitals and health systems that recently have posted job listings seeking CFOs and assistant CFOs.

Hospitals across the board have adopted at least one value-based care model, covering almost half of their patient populations, as healthcare continues its push away from fee for service. But only 29% of hospital leaders report substantial cost savings from value-based care models, suggesting a need to explore other strategies to ensure fiscal stability, according to a report published June 12 by FTI Consulting's "Hospital Operations Outlook Survey."

Boston-based Dana-Farber Cancer Institute reported a $62 million operating income for the six months ended March 31, up from an operating income of $54.3 million over the same period last year, according to its June 11 financial report. 

Los Angeles-based Prospect Medical Holdings has been ordered to pay more than $17.3 million of unpaid bills to hospital vendors within 10 days by Rhode Island Superior Court Judge Brian Stern on June 12, according to court documents obtained by Becker's. 

Meadowbrook, Pa.-based Holy Redeemer Health System had its rating downgraded to "BB-" from "BB+" by Fitch.

CMS expects national health spending to reach $7.7 trillion by 2032, with 2023 expenditures projected to have hit $4.8 trillion and have grown by a rate of 7.5%. 

Though hospital operating margins seem to be recovering, first-quarter results have been a mixed bag, and 40% of hospitals are still losing money, according to Kaufman Hall. 

Inflation in the U.S. declined for a second month in May, an encouraging sign for the Federal Reserve, which is looking for indicators that it can begin lowering interest rates, according to Bloomberg. 

Cone Health, a Greensboro, N.C.-based health system with five hospitals, executed a $100 million financial turnaround last year through strategic maneuvering and a focus on workforce transformation.

Strong leadership is the most important factor contributing to a successful revenue cycle, according to a June 4 report from Sage Growth Partners. 

Portland-based Oregon Health & Science University has released more information regarding its plans to lay off at least 500 employees.

Altru, Memorial Health, Penn State Health and Sharp HealthCare are among the systems that reported improved year over year operating performance in their most recent financial reports.