Today's Top 20 Health Finance Articles
  • MU Health Care grows operating income to $49.3M under new CFO

    Columbia-based University of Missouri Health Care reported an operating income of $49.3 million (2.8% margin) for the fiscal year ending June 30, improving on the $34.7 million gain (2.1% margin) reported in the previous fiscal year.
  • Rite Aid exits bankruptcy, new CEO named

    Philadelphia-based Rite Aid has completed financial restructuring and successfully emerged from Chapter 11 bankruptcy after the U.S. drugstore chain filed for protection last October. It will now operate as a private company, according to a Sept. 3 news release. 
  • 6 Steward Massachusetts hospitals secure deals

    Boston Medical Center has reached agreements with Dallas-based Steward Health Care to acquire and run both Brockton-based Good Samaritan Hospital and St. Elizabeth's Medical Center.
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  • 8 RCM headlines to know in August

    From two private equity firms striking a deal to acquire R1 RCM to Conifer lining up a contract to provide RCM services to five Alabama hospitals, here are eight revenue cycle management headlines that Becker's reported in August: 
  • Iowa hospital to indefinitely pause labor and delivery services

    MercyOne Newton (Iowa) Medical Center is pausing its labor and delivery services indefinitely, effective after Oct. 15 due to Newton Clinic ending its recruitment of physicians who are dedicated to labor and delivery obstetrics services.
  • From -7.9% to 14.9%: 31 systems ranked by operating margins

    Health systems' second-quarter financial results point to the beginning of a slow and sustained recovery, but challenges including high labor costs and the ongoing disconnect between revenue generation and expense requirements persist. 
  • 5 major health system mergers yet to close

    Healthcare is seeing an uptick in health system mergers and acquisitions post-pandemic, reflecting the industry's ongoing shift towards consolidation to enhance care delivery, expand reach and strengthen financial stability. 
  • Cleveland Clinic, UnityPoint and more: 5 systems back in the black in Q2

    Despite continued high labor costs, inflation and the rising costs of medical equipment and supplies, some nonprofit health systems reversed operating losses from the second quarter of 2023 and are back in the black in the second quarter of this year.
  • 7 health systems operating at a loss in Q2

    While many health systems continue to see sustainable improvements to their financial results, others are still working to improve upon their losses. 
  • A wave of change is coming for healthcare benefits — are hospitals ready?

    Surveys of employers are making one thing clear: Healthcare costs are rising faster than they did before the pandemic, and those costs are being driven by inflation, the increasing use of weight loss medications, and higher overall medical expenses. As employers and insurers grapple with these escalating costs, hospitals will undoubtedly be affected. 
  • Adena Health back in the black with 1.8% Q2 margin

    Chillicothe, Ohio-based Adena Health System reported $3.3 million in operating income (1.8% margin) in the second quarter, reversing a $2.9 million loss (-1.6% margin) from the same period in 2023, according to financial documents published Aug. 27.
  • 2 Steward Massachusetts hospitals to close

    Dallas-based Steward Health Care is set to close two of its Massachusetts hospitals, Boston-based Carney Hospital and Ayer-based Nashoba Valley Medical Center, at 7 a.m. Aug. 31.
  • Lifespan boosts operating income in Q3

    Providence, R.I.-based Lifespan reported an operating income of $11.5 million (1.3% margin) in the third quarter of 2024, up from an operating income of $8.8 million (1.1% margin) posted over the same period last year. 
  • MedHQ acquires RCM company

    MedHQ, a healthcare advisory and administrative service provider, has acquired Trajectory Revenue Cycle Services. 
  • Tufts slims Q2 operating loss to $40.7M under new CFO

    Boston-based Tufts Medicine posted a $40.7 million operating loss (-7.9% margin) for the three months ended June 30, improving on the $61.9 million loss (-9.6% margin) reported in the same period during 2023, according to financial documents published Aug. 30.
  • Fitch downgrades Pennsylvania system

    Fitch downgraded DuBois, Pa.-based Penn Highlands Healthcare's rating from "A-" to "BBB."
  • Allegheny Health Network cuts operating losses in Q2

    Pittsburgh-based Allegheny Health Network reported an operating loss of $25.9 million (-2.1% margin) in the second quarter of 2024, an improvement over a $47.8 million operating loss (-4.2 margin) posted over the same period last year. 
  • Beth Israel Lahey Health slims Q2 losses to $23.3M with new CFO

    Cambridge, Mass.-based Beth Israel Lahey Health reported a $23.3 million operating loss (-1% margin) for the three months ended June 30, improving on a $15.3 million loss (-0.8% margin) in the same period in 2023. 
  • 10 profitable health systems in Q2

    Hospitals' latest financial results point to the beginning of a slow and sustained recovery Fitch said in an Aug. 12 report.
  • UnityPoint reverses loss with $33.9M Q2 operating gain

    West Des Moines, Iowa-based UnityPoint Health reported $33.9 million in operating income (2.6% margin) in the second quarter, reversing a $4.2 million operating loss (-0.4% margin) in the same period last year. 

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