Today's Top 20 Health Finance Articles
  • SSM Health's net loss tops $471M in Q1

    SSM Health, a system based in St. Louis with nearly 40,000 employees, recorded a net loss of $471.1 million in the first quarter of 2020, according to recently released financial documents. 
  • Allegheny Health Network records $98M loss in Q1

    Although Allegheny Health Network saw its revenue increase 3.6 percent in the first quarter of 2020, the Pittsburgh-based system ended the period with a loss, according to recently released financial documents. 
  • More hospitals expected to default on credit agreements, Moody's says

    Sharp declines in revenue and cash flow caused by the suspension of elective services will mean more hospitals could default on their credit agreements in 2020 than in previous years, according to a May 28 report from Moody's Investors Service. 
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  • How 2 Michigan health systems revolutionized their revenue cycle process after COVID-19

    Revenue cycle collections required extraordinary efforts before the COVID-19 pandemic, but as unemployment rates rise and the number of clinical visits fall, having affordable and self-service payment options that are flexible for patients is more important than ever.
  • UCLA Hospital System CEO: Public has been 'very frightened of hospitals and clinics'

    Hospital leaders and health experts are speaking out about how stay-at-home orders and deferred elective services have led Americans to delay important services. Johnese Spisso, the president of the University of California Los Angeles' health system and the CEO of the UCLA Hospital System, told Yahoo Finance May 31 that fear is keeping people away from the hospital. 
  • Hospital outpatient volume recovering quicker than ED, inpatient: TransUnion

    Overall hospital visits are slowly recovering, but volumes remain significantly below pre-pandemic numbers, according to research from TransUnion Healthcare. 
  • eSolutions Provides Free MBI Lookup Tool for Healthcare Providers

    eSolutions, the industry’s leading Medicare billing experts, has created a new, free tool to support healthcare providers across the country in transitioning more easily to the use of Medicare Beneficiary Identifiers (MBIs) for claim reimbursement.
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  • West Virginia hospital to close, lay off 340 employees

    Bluefield (W.Va.) Regional Medical Center will end services by July 30, a move affecting 340 employees, according to TV station WVVA. 
  • U of Vermont Medical Center furloughs about 450 employees

    Burlington-based University of Vermont Medical Center has furloughed about 450 employees, and it warned that more furloughs will be needed to help offset losses and adjust staffing levels to meet lower patient demand, according to the Burlington Free Press. 
  • Arkansas hospital returns $8.8M in bailout funds received in error

    Drew Memorial Hospital in Monticello, Ark., is returning federal grants meant to reimburse healthcare providers for expenses or lost revenues tied to the COVID-19 pandemic, according to the Democrat Gazette. 
  • Addressing the patient financial experience in today's challenging healthcare environment

    The global Coronavirus (COVID-19) pandemic has transformed nearly every facet of our daily lives, from how we live and work to how we seek and receive healthcare. Within the U.S. health system, Coronavirus has driven rapid innovation and agility as providers and healthcare organizations seek new ways to meet the needs of patients and ensure continuity of care. Meanwhile, some hospitals and health systems are managing difficult and rapidly evolving situations involving an influx of Coronavirus patients and facing financial constraints as elective procedures have been cancelled or postponed.
  • Montefiore loses $96.7M in Q1: 5 things to know

    Montefiore Health System recorded a net loss of $96.7 million in the first quarter of 2020, which the New York City-based organization said was partially due to disruptions in revenue-generating services amid the pandemic, according to recently released financial documents. 
  • PeaceHealth receives $373M in grants, advance Medicare payments

    PeaceHealth, a 10-hospital system based in Vancouver, Wash., received federal grants and loans to help offset financial losses caused by the COVID-19 pandemic, according to financial documents. 
  • COVID-19 craters Lifespan's revenue

    Lifespan, a nonprofit health system based in Providence, R.I., ended March with a $32.7 million operating loss and continued to face financial damage from the COVID-19 pandemic in April. 
  • UPMC's net loss hits $653M in Q1, driven by pandemic

    UPMC, a 40-hospital system based in Pittsburgh, saw its net loss reach $653 million in the first quarter of 2020, according to financial documents released May 29. This compares to a net income of $289 million in the same period in 2019. 
  • Kaiser extends COVID-19 cost waiver through end of year

    Oakland, Calif.-based Kaiser Permanente is extending its waiver for most member out-of-pocket costs for services related to the treatment of COVID-19 through Dec. 31. 
  • Southcoast Health furloughs 10% of workforce

    New Bedford, Mass.-based Southcoast Health has furloughed more than 10 percent of its 7,500-person workforce, according to Southcoast Today. 
  • U of Mississippi Medical Center lays off 250, cuts exec pay to offset COVID-19 losses

    The University of Mississippi Medical Center in Jackson is laying off employees and taking several other steps to offset financial damage caused by the COVID-19 pandemic, according to WLBT. 
  • Dartmouth-Hitchcock Health's net loss reaches $150M in Q3

    Dartmouth-Hitchcock Health recorded a net loss in the quarter ended March 31, which the Lebanon, N.H.-based system attributed to a steep decline in patient volume during the COVID-19 pandemic, according to recently released financial documents. 
  • Yale New Haven Health posts $208M loss in first half of fiscal year

    Yale New Haven (Conn.) Health recorded a $208.6 million net loss in the six-month period ended March 31, according to recently released financial documents. This compares to a $100.4 million net income in the same period one year prior. 

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