Today's Top 20 Health Finance Articles
  • Sutter Health posts net income in second quarter after $1B first-quarter loss

    Sacramento, Calif.-based Sutter Health saw its financial picture improve in the second quarter of 2020, after posting a $1.1 billion loss in the first quarter, according to recently released financial documents.
  • Mayo Clinic's operating income drops 48.7%

    Rochester, Minn.-based Mayo Clinic recorded a net operating income of $154 million in the second quarter of 2020, a decrease of 48.7 percent compared to the same period last year, according to recently released financial documents.
  • 14 rural hospital closures in 2020

    Nearly one in five Americans live in rural areas and depend on their local hospital for care. Over the past 10 years, 131 of those hospitals have closed. 
  • Moving beyond cost containment in the wake of COVID-19

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  • Federal aid helps Prisma Health avoid operating loss

    Federal relief aid helped Prisma Health earn an operating income in the nine months ended June 30, according to recently released financial results. Without the aid, the 18-hospital system in Greenville, S.C., would have recorded an operating loss. 
  • New York public hospital will go 'belly up' without changes, chairman warns

    The public benefit organization that runs Nassau University Medical Center in East Meadow, N.Y., is at risk of going belly up without significant operational changes, Newsday.com reports.
  • StoneBridge Healthcare launched to turn around distressed hospitals

    A new financial turnaround company, led by a veteran healthcare consultant, seven former executives from Tenet Healthcare and other industry heavyweights, is entering the market.
  • The health systems that received more than $1B in coronavirus relief aid

    Below is a breakdown of the healthcare organizations that received more than $1 billion in COVID-19 relief aid, including aid grants from the Coronavirus, Aid, Relief and Economic Security Act and Medicare advance payment loans:
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  • Rural Georgia hospital to close in October

    Financial strain is prompting the Oct. 31 closure of Northridge Medical Center, a 90-bed hospital in Commerce, Ga., according to Georgia Health News.
  • Geisinger partners with VisitPay

    Geisinger, a 13-hospital system based in Danville, Pa., will roll out new digital financial products through a partnership with VisitPay. 
  • Florida hospital terminates Medicare contract

    Shands Lake Shore Regional Medical Center in Lake City, Fla., is voluntarily terminating its Medicare contract, effective Aug. 31, according to a notice published by CMS. 
  • 122-bed Massachusetts skilled nursing facility to close

    Farren Care Center, a 122-bed skilled nursing and long-term rehab facility in Turners Falls, Mass., will close by the end of the year, according to The Greenfield Recorder.  
  • Tenet in the headlines — 8 latest stories

    Here are eight updates on Tenet Healthcare, a 65-hospital system based in Dallas, reported by Becker's Hospital Review since June 15. 
  • BJC HealthCare operating income down 83% in first half of 2020

    BJC HealthCare's total revenue increased year over year in the first six months of this year, but the St. Louis-based system's operating income declined, according to recently released unaudited financial documents.  
  • 10 health systems with strong finances

    Here are 10 health systems with strong operational metrics and solid financial positions, according to reports from Fitch Ratings, Moody's Investors Service and S&P Global Ratings.
  • Providence posts $538M loss, lays out 3-part strategic plan

    Providence, a 51-hospital system based in Renton Wash., received $651 million in federal grants in the first half of this year, but it wasn't enough to offset the system's losses tied to the COVID-19 pandemic. 
  • CHS in the headlines — 8 latest stories

    Here are eight updates on Community Health Systems, a 94-hospital system based in Franklin, Tenn., reported by Becker's Hospital Review since June 15. 
  • California hospital lays off 40 staff members

    Citing patient volume changes caused by the COVID-19 pandemic, MemorialCare's Long Beach (Calif.) Memorial Medical Center has laid off 40 staff members, according to The Grunion. 
  • Texas RCM company expands with new acquisition

    Revint Solutions, a portfolio company of New Mountain Capital, has acquired Praxis Healthcare Solutions. 
  • New York AG suspends medical debt collection for 5th time

    Due to financial hardships brought by the COVID-19 pandemic, New York's attorney general said Aug. 14 that her office will continue halting collections for past-due medical debt owed to the state.
  • ICD-10 codes for COVID-19 symptoms inaccurate, study finds

    Symptom-specific ICD-10 codes lack sensitivity and fail to accurately capture many patients with relevant COVID-19 symptoms, a study published Aug. 17 in JAMA Network Open found. 

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