Today's Top 20 Health Finance Articles
  • Mercy posts $115M operating income through Q3

    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. 
  • 52 statistics on hospital profitability

    Nonprofit hospital operating margins are up double-digits year over year, according to Kaufman Hall's "National Hospital Flash Report" released June 3.
  • What Vandalia did to get and stay profitable

    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.
  • Becker's 12th Annual CEO + CFO Roundtable

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  • Steward hospital funding approved, but bid concerns linger

    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 downgrades 2 health systems

    Moody's on June 12 downgraded the ratings of two health systems:
  • Florida system votes to convert to private nonprofit

    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. 
  • Top talent fuels 'resurgence of optimism' at Pennsylvania system

    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.
  • Mercy Health seeks developer for shuttered hospital deemed 'functionally obsolete'

    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.
  • 10 hospitals, health systems seeking CFOs

    Below are 10 hospitals and health systems that recently have posted job listings seeking CFOs and assistant CFOs.
  • The 'relentless challenge' of value-based care

    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."
  • Dana-Farber posts $62M operating income in 1st half of 2024

    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. 
  • Prospect Medical must pay $17M of unpaid bills in 10 days

    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. 
  • Fitch downgrades Pennsylvania health system's rating

    Meadowbrook, Pa.-based Holy Redeemer Health System had its rating downgraded to "BB-" from "BB+" by Fitch.
  • US health spending to top $7.7 trillion by 2032: CMS

    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%. 
  • These CFO tactics are 'not very sexy' but key to financial success

    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. 
  • Good news for hospital expenses

    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 executes $100M turnaround

    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.
  • The most important factors for a successful revenue cycle team

    Strong leadership is the most important factor contributing to a successful revenue cycle, according to a June 4 report from Sage Growth Partners. 
  • OHSU to end 142 employee contracts in 1st wave of layoffs

    Portland-based Oregon Health & Science University has released more information regarding its plans to lay off at least 500 employees.
  • 4 CFOs' keys to improved operating performance

    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. 

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