Today's Top 20 Health Finance Articles
  • Private equity healthcare bankruptcies are on the rise: 8 things to know

    Healthcare bankruptcies spiked in 2023 amid high debt levels and rising interest rates, with private equity firms owning 17 out of the 80 (21%) companies that filed for bankruptcy last year, according to a report published April 17 by the Private Equity Stakeholder Project.
  • Mississippi county explores hospital sale

    The Oktibbeha County, Miss., board of supervisors has hired a consultant to survey Starkville, Miss.-based OCH Regional Medical Center in a first step to sell the facility, WTVA reported April 15.
  • Northwestern Medicine posts $105M in Q2 operating income

    Chicago-based Northwestern Medicine posted an operating income of $104.8 million in the second quarter of 2024, down from $120.3 million posted over the same period last year. 
  • 6 steps for ASCs to collect patient payments earlier + faster

    The earlier ASCs collect patient payments, the better. Learn how to collect patient payments earlier + faster in 6 steps here.
  • Shuttered Illinois hospital assets to be auctioned off

    All medical and nonmedical assets from shuttered St. Margaret's Health-Spring Valley (Ill.) are set to be auctioned by Centurion Service Group, a medical equipment life-cycle company.
  • Tenet hospitals by state

    Dallas-based Tenet Healthcare operated 61 hospitals as of Dec. 31. 
  • 5 signs of prior authorization reform progress, per the AMA

    The American Medical Association's most recent survey found that 89% of physicians say prior authorization had a "significant or somewhat negative clinical impact," but the organization said there are positive signs on the road to reform.
  • Cash-strapped New York hospital's deficit plan includes aggressive denial appeals

    A New York hospital seeking $83 million in state funding has filed a financial improvement plan that involves aggressively appealing insurance claims denials and limiting overtime and physician bonuses, Newsday reported April 15. 
  • Simplify the complexity of Medicare claims

    Minutes turn into hours while managing Medicare claims. Learn how to simplify the process by automating your billing management here.
  • Prime ramps up hospital real estate acquisitions, pay down debt

    Ontario, Calif.-based Prime Healthcare has bought the real estate of four facilities that comprise Saint Clare's Health in Denville, N.J., and St. Francis Medical Center in Lynwood, Calif., from Medical Properties Trust for $350 million. 
  • Rite Aid to shutter 53 additional locations

    Multiple April bankruptcy court filings revealed that Camp Hill, Pa.-based Rite Aid has plans to shutter 53 additional locations across nine states after it filed for Chapter 11 bankruptcy and shared it will close 154 locations last October. 
  • Tenet portfolio 'transforms' amid USPI growth

    Dallas-based Tenet Healthcare is accelerating its portfolio transformation towards a more value-based care enterprise with a leading specialty care platform, the company said in a proxy statement filed April 12 with the Securities and Exchange Commission.
  • RIP Medical Debt rebrands, broadens goal

    RIP Medical Debt, which has helped to relieve more than $11 billion since its founding in 2014, has rebranded as Undue Medical Debt. 
  • Cleveland Clinic, Advocate Aurora back letter to lawmakers over CMS concerns

    The Washington, D.C.-based National Rural Health Association and several health systems, hospitals, academic health centers, and state hospital associations have called on lawmakers to help restore the partnership between CMS and states to align with laws passed by Congress and to allow states to properly fund Medicaid programs based on their specific state and local requirements.
  • Mayo Clinic $5B expansion sparks financial planning reboot

    Mayo Clinic recently announced plans to make a $5 billion investment in its Rochester, Minn.-based campus late last year to replace old facilities and find "creative growth" areas, said Allison Viramontes, CFO of Mayo Clinic Arizona, at the Becker's 14th Annual Meeting in Chicago on April 9.
  • Health systems face more than one math problem

    From his vantage point as CEO of University of Pennsylvania Health System, Kevin Mahoney sees a math problem unfolding for health systems of all types — one that will require stronger responses than many may be ready for. 
  • Intermountain's quest upstream for value

    Rob Allen, president and CEO of Intermountain Health in Salt Lake City, is spending a lot of time thinking about changing payment mechanisms and the flow of care for the value-based environment. The health system has been in value-based arrangements since 2011 and Mr. Allen is now challenging his team to think further upstream to manage populations.
  • Massachusetts agency awaits 'key materials' for Steward, Optum review

    The Massachusetts Health Policy Commission is still waiting on "key material" to review the proposed sale of Dallas-based Steward Health Care subsidiary Stewardship Health, the parent of Stewardship Health Medical Group, to UnitedHealth Group's subsidiary Optum. 
  • 100 academic medical centers' top 10 operational priorities

    What are academic medical centers focusing on most amid increasing pressure to improve performance?
  • New York hospital transitions to critical access facility

    Massena (N.Y.) Hospital, a 25-bed facility that is part of St. Lawrence Heath, has converted into a critical access hospital. 
  • Prime Healthcare gets credit rating upgrade

    Fitch Ratings has upgraded Prime Healthcare Foundation's rating on a series of bonds from "BBB" to "BBB+" with its rating outlook at stable. 
  • ProMedica partnership eliminating $222M in medical debt

    Toledo, Ohio-based ProMedica is partnering with RIP Medical Debt to relieve $222 million in medical debt for more than 108,000 patients. 

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