Operating weakness and elevated debt have contributed to the downgrade of bonds held by Yale New Haven (Conn.) Health, Moody's said May 5. The bond rating slipped from "Aa3" to "A1" and the outlook was revised to stable from negative.

Chicago-based CommonSpirit posted $1.1 billion in operating losses for the nine months ending March 31. The 143-hospital system said it is taking measures to help turn the losses around.

Chicago-based CommonSpirit, one of the largest nonprofit health systems in the country, recorded operating losses of $658 million and $1.1 billion for the three- and nine-month periods ended March 31.

Fitch Ratings affirmed "AA-" ratings for Oakland, Calif.-based Kaiser Permanente's issuer default rating as well as revenue bonds issued by or on behalf of Kaiser by the California Health Facilities Financing Authority and the California Statewide Communities Development Authority.

Franklin, Tenn.-based Community Health Systems has named Anton Hie as its new vice president of investor relations.

Butler (Pa.) Health System has reported $33.1 million in operating losses for the nine months ended March 31 on revenue of $346.4 million.

Providence, R.I.-based Care New England has had its default rating and that on $135.8 million of bonds affirmed at "BB-," Fitch Ratings said May 12. The system's outlook remains negative.

CVS Health is wrapping up its clinical trials unit that launched two years ago to focus on its core business and "long-term strategic priorities," the company said in a statement shared with Becker's.

Nashville, Tenn.-based Envision Healthcare has filed for Chapter 11 bankruptcy five years after New York City-based KKR & Co. acquired Envision in a $9.8 billion deal.

After New Orleans-based Ochsner Health cut 770 jobs, or 2 percent of its workforce, Louisiana Hospital Association CEO Paul Salles is mainly laying the blame on inflation, Louisiana Radio Network reported May 15.

Danville, Pa.-based Geisinger reported a first-quarter operating loss of $36 million as its expenses rose almost 7 percent in the period.

Conemaugh Memorial Medical Center, a Duke LifePoint hospital in Johnstown, Pa., confirmed it has laid off some of its employees.

A new report from Pymnts and CareCredit found that healthcare consumers making less than $50,000 engaged 8 percent less in healthcare channels than they did in November 2021.

A potential debt ceiling breach could have severe consequences for the healthcare system, Barron's reported May 12 .

Here is a summary of recent credit downgrades and outlook revisions for hospitals and health systems.

Here are three revenue cycle management companies that named new CFOs in 2023: 

It's typically the big for-profit health and hospital systems that are among the first to report financial results, and we saw that again for the first quarter with the likes of HCA Healthcare, Universal Health Services, Tenet Health and CHS all quick off the blocks.

Community Health Network, a nonprofit health system based in Indianapolis, plans to cut an unspecified number of jobs as it restructures its workforce and makes organizational changes. 

Here are the actions CMS has taken against hospitals for price transparency noncompliance, as of April:

Despite continued high labor expenses and other financial pressures, hospitals' margins made it into the black for March, according to a new report from Syntellis.