Citing a need to offset financial losses, Minneapolis-based M Health Fairview said it plans to downsize its hospital and clinic operations and reduce its workforce by 900, according to the StarTribune. 

Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.

It’s no secret that the COVID-19 pandemic has had a tremendous impact on the U.S. healthcare system. Testing facilities and hospital emergency departments have experienced disruptions, and both clinicians and administrators have had to scramble to meet both the operational and clinical challenges of the pandemic.

Why Integrate and Rationalize?

Here are seven health systems with strong operational metrics and solid financial positions, according to reports from Fitch Ratings, Moody's Investors Service and S&P Global Ratings.

The Green Mountain Care Board — which oversees Vermont's all-payer system — amended a proposed hospital budget Sept. 29 after the CEO of UVM Health Network criticized the changes in a recent appeal letter, according to the VT Digger.

CommonSpirit, a 137-hospital system based in Chicago, saw revenues rise in the fiscal year ended June 30 but closed out the period with an operating loss. 

Leonard Green & Partners, a private equity firm, has taken $400 million in dividends and fees for itself and investors in the decade since it bought a controlling stake in Los Angeles-based Prospect Medical Holdings, according to ProPublica. 

Health systems and provider organizations are experiencing significant financial pressure, exacerbated by the COVID-19 pandemic, while historical market forces continue to create serious challenges.

HHS announced Oct. 1 that it is sending $20 billion in new funding to healthcare providers to help offset financial strain linked to the COVID-19 pandemic. 

A dispute between Rochester, Minn.-based Mayo Clinic and the IRS over $11.5 million in tax refunds will go before the Eighth Circuit U.S. Court of Appeals on Oct. 20, according to the Post Bulletin. 

Kansas City, Mo.-based Saint Luke's Health System plans to close two community hospitals Dec. 30.

The House passed a $2.2 trillion COVID-19 relief package Oct. 1, but the bill is unlikely to get through the Replucian-led Senate and become law, according to CNBC. 

President Donald Trump on Sept. 30 signed a short-term spending bill that funds the government through Dec. 11 and relaxes the repayment terms for Medicare loans hospitals received earlier this year. 

Sarasota (Fla.) Memorial Health Care System received a $25 million donation that will support its cancer institute, the organization said Oct. 1. 

Healthcare expenditures in the US represent nearly 18% of the gross domestic product (GDP). Many take issue with the level of healthcare spending in this country based on comparisons to other countries.

There were more than 300 private equity deals in the healthcare industry in 2019, and the healthcare sector has continued to draw private equity investors in this year. 

The U.S. spent nearly twice as much per capita on healthcare as comparable countries in 2018, according to a recently released Peterson-Kaiser Tracker analysis. 

Medicare payment rules and hospital closures were among the healthcare finance topics that piqued the interest of readers in September. 

Hospital and health system leaders are preparing for reimbursement shifts after the COVID-19 pandemic, including growth in self-pay patients and lower reimbursement from commercial payers, according to an analysis from the Guidehouse Center for Health Insights, which cited data from a Healthcare Financial Management Association survey.