Today's Top 20 Health Finance Articles
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AMA posts 2025 CPT code set: 4 things to know
The American Medical Association released updates Sept. 10 to its Current Procedural Terminology code set for 2025. -
AI linked to surge in Medicare Advantage, commercial claims denials: AHA
Administrative costs now account for more than 40% of hospitals' total expenses for delivering patient care, with a significant portion driven by the rising number of care denials stemming from the growing use of artificial intelligence tools by insurers. -
Pennsylvania to pay $4.5M over 3 months to keep Steward hospital afloat
Dallas-based Steward Health Care filed a Sept. 10 stipulation that Pennsylvania will provide $1.5 million to the for-profit health system's Sharon (Pa.) Regional Medical Center for three months to keep it from closing. -
How health system leaders feel about their revenue cycle outsourcing partners
Seventy-seven percent of health system finance leaders surveyed said they are using some form of revenue cycle outsourcing, according to a Sept. 9 report from consulting company Guidehouse. -
How a new CFO is managing the weight of her role
Joanna Weiss was named CFO of Tampa, Fla.-based Moffitt Cancer Center in May, but her time with the system dates back much further. -
Private equity firm acquiring RCM co. GeBBS
Swedish private equity firm EQT is acquiring a controlling interest in GeBBS Healthcare Solutions from ChrysCapital. -
Transforming Rural Healthcare: A Lifeline Through Financial Technologies
Rural healthcare faces significant financial challenges that hinder the delivery of quality medical services. Limited resources, outdated systems, and complex reimbursement processes exacerbate these difficulties. Financial ERP (Enterprise Resource Planning) software has emerged as a strategic advantage, offering rural healthcare providers finance teams the tools to streamline operations, improve financial management, and enhance patient care through faster decision making. -
Steward hospital hearings pushed back in four states
Dallas-based Steward Health Care filed a Sept. 9 notice to push back the sale hearing dates for some of its hospitals across four states. -
Ballad Health sells lab assets to Labcorp
Johnson City, Tenn.-based Ballad Health is selling select operating assets of its outreach laboratory services to Labcorp. -
Health systems' revenue cycle investment priorities
RCM technology — such as automation, artificial intelligence and machine learning — is the top revenue cycle investment priority for health systems over the next year, according to a Sept. 9 report from consulting company Guidehouse. -
How some hospitals are not only surviving, but thriving financially
Kaufman Hall's most recent July 2024 "National Hospital Flash" report shed a light on financial stability that is continuing to spread across hospitals in the U.S. -
Hospital wage inflation cools: Fitch
While payroll increases and labor shortages continue to challenge hospitals, there is some good news. Wage inflation is leveling off, according to Fitch Ratings. -
What's stressing out revenue cycle departments?
Payer challenges are by far the top area of stress for revenue cycle departments, according to a Sept. 9 report from consulting company Guidehouse. -
Closed Steward Massachusetts hospital assets to be auctioned
All medical and nonmedical assets for Dallas-based Steward Health Care's closed Dorchester, Mass.-based Carney Hospital and Ayer, Mass.-based Nashoba Valley Medical Center will be auctioned off during an online auction on Sept. 12, Sept. 16, and Sept. 17. -
California hospital to end maternity services, lay off 65
University of Southern California Verdugo Hills Hospital in Glendale will close its labor and delivery services, along with its neonatal intensive care unit, on Nov. 20 and lay off 65 employees, according to a Sept. 20 WARN notice obtained by Becker's. -
How the healthcare CFO-to-CEO pipeline compares to other industries
About 6% of healthcare CEOs come directly from the CFO position, according to a recent report from Crist Kolder Associates. -
Massachusetts commits $417M to new Steward hospital owners over 3 years
Massachusetts Gov. Maura Healey has committed $417 million over a span of three years to ensure the operation of six Dallas-based Steward Health Care hospitals under new ownership. -
33 health systems ranked by long-term debt
While hospital finances continue to stabilize, a Kaufman Hall July "National Hospital Flash" report found that financial performance for health systems is trending lower than hospitals. -
How healthcare CFO tenures stack up against other industries
The average CFO's tenure is 4.7 years, according to a recent report from Crist Kolder Associates. -
4 hospital reopenings in 2024
Madera (Calif.) Community Hospital is expected to reopen within the next few months after closing in January 2023.
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