Today's Top 20 Health Finance Articles
  • New York hospitals expect $20B hit from COVID-19

    The COVID-19 pandemic has taken a financial toll on New York hospitals, and federal grants haven't offset the financial damage, according to a report from the Healthcare Association of New York State. 
  • HCA in the headlines — 10 latest stories

    Here are 10 updates on HCA Healthcare, a 186-hospital system based in Nashville, Tenn., reported by Becker's Hospital Review since June 15. 
  • CARES Act funding staves off operating loss at Ballad Health

    Provider relief funding from the Coronavirus Aid, Relief and Economic Security Act helped Ballad Health, a 21-hospital system in Johnson City, Tenn., record a $17.7 million net operating income in the quarter ended June 30, according to the system's recent financial report.
  • Moving beyond cost containment in the wake of COVID-19

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  • Allegheny Health Network sees first loss in 11 quarters

    Pittsburgh-based Allegheny Health Network reported an operating loss of $116 million through the first half of 2020, according to recently released financial results. The loss follows 11 consecutive quarters of positive earnings.
  • Fitch maintains stable rating outlook for US nonprofit hospitals

    Fitch Ratings has maintained its stable rating outlook for US nonprofit hospitals and health systems and said it expects to keep it stable for the remainder of the year. 
  • Allina Health operating loss grows to $85M in Q2

    Allina Health's revenue declined year over year in the second quarter of 2020, and the Minneapolis-based health system ended the period with an operating loss, according to recently released financial documents.
  • Waystar to acquire eSolutions, RCM company valued at $1.3B 

    Two healthcare payment technology companies will merge as Waystar moves to acquire eSolutions, marking the first time that commercial and government payers will be on the same payments platform. 
  • Becker's CEO + CFO Virtual Forum

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  • Cash-strapped hospitals press Congress for more aid

    Trade groups representing hospitals are urging Congress to provide more relief aid to healthcare organizations to help offset losses tied to the COVID-19 pandemic, according to Bloomberg Law.
  • 4 healthcare CFOs on their biggest pandemic surprises

    2020 has been a year filled with risks and surprises for the healthcare industry. Despite those risks, hospital and health system CFOs have navigated them successfully. 
  • Houston hospital closes within 4 years of opening

    First Texas Hospital Cy-Fair, a 50-bed hospital in Houston, closed July 26, less than four years after opening, according to Bloomberg Law.
  • CEO of Tenet's Conifer Health Solutions to step down

    Joseph Eazor, CEO of Tenet Healthcare's Conifer Health Solutions, will step down about seven months after assuming the role. 
  • CMS unveils new payment model for rural hospitals: 10 things to know

    CMS announced Aug. 11 that it is launching a new payment model to provide up-front investments and capitated payments to healthcare organizations in rural areas. 
  • Texas health system faces $174M budget shortfall, lays off 200

    The University of Texas Medical Branch in Galveston is laying off 200 workers as it faces a budget shortfall of $174 million, according to The Daily News. 
  • MultiCare posts $172M loss in first half of 2020

    MultiCare Health System, a 10-hospital system based in Tacoma, Wash., ended the first six months of this year with a $172.3 million loss, according to unaudited financial documents.
  • Hospitals urge CMS to withdraw Medicaid fiscal integrity rule

    Hospital associations and business groups have called on CMS to withdraw a rule that aims to strengthen the fiscal integrity of the Medicaid program, arguing that it could exacerbate the challenges hospitals are facing in the U.S.
  • Lumeon raises $30M in funding to support U.S. growth

    In a recent press release, Lumeon, a leader in care pathway orchestration, today announced that it has closed $30M in Series D funding led by new investors Optum Ventures and Endeavour Vision, with participation from current investors LSP, MTIP, IPF Partners, Gilde and Amadeus Capital Partners.
  • Steward, medical billing company accused of illegal 'revenue enhancement' scheme

    A proposed class-action lawsuit pending in Texas federal court alleges Dallas-based Steward Health Care and Medical Reimbursements of America engaged in billing fraud in auto accident injury cases, according to the Texarkana Gazette. 
  • 10 hospitals seeking CFOs

    Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.
  • Mass General Brigham expects up to $1.5B drop in patient revenue this year

    Boston-based Mass General Brigham, formerly Partners HealthCare, recorded an operating loss in the third quarter of fiscal year 2020 and expects a significant decrease in patient service revenue this year. 
  • Medicare overpaid hospitals $267M, OIG says

    Medicare overpaid hospitals more than $267 million over a two-year period for inpatient claims with post-acute care transfers to home health services, according to a report from HHS' Office of Inspector General. 

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