Oklahoma City-based OU Health partnered with revenue cycle management services provider Ensemble Health Partners, the companies announced Feb. 19.

The health systems listed below recently released financial results for the quarter ended Dec. 31. 

CMS will trim 774 hospitals' Medicare payments in fiscal year 2021 for having the highest rates of patient injuries and infections. 

CommonSpirit, a 140-hospital system based in Chicago, saw revenues rise in the second quarter of fiscal year 2021 and ended the period with a net gain, which was fueled by strong investment income growth. 

Omaha, Neb.-based King of Kings Church raised enough money to forgive $7.2 million in medical debt, local NBC affiliate WOWT reported Feb. 17.

The amount of money Americans spent on healthcare declined in 2020 for the first time since at least 1960, when CMS started recording national healthcare expenditures, according to preliminary analysis released Feb. 16 by nonprofit Altarum.

Millennials are often more likely to donate to philanthropic causes than their counterparts, two new surveys show. 

Insurance companies and government programs have voluntarily waived cost sharing for COVID-19 hospitalization, but patients may face significant out-of-pocket costs once these grace periods end, according to research published Feb. 17 in the American Journal of Preventive Medicine.

R1 RCM, a revenue cycle company for healthcare providers, saw its revenue grow 7.1 percent in 2020 to $1.3 billion, according to its financial report released Feb. 18. 

Franklin, Tenn.-based Community Health Systems, which operates 85 hospitals in 16 states, saw revenues decline in 2020 but ended the period in the black. 

Setting hospital prices for commercial payers could achieve greater savings than other strategies like price transparency and heightened competition to curb hospital prices, according to a study published Feb. 18 by nonprofit research firm Rand Corp.

Greenville, S.C.-based Prisma Health saw its net income more than triple in the three months ended Dec. 31, according to financial documents released Feb. 16. 

Johnson City, Tenn.-based Ballad Health spent millions on a transition to Epic's EHR in the quarter ended Dec. 31, which added to its operating loss in the quarter, according to recently released financial documents. 

Nine hospitals and health systems recently posted job listings seeking revenue cycle management expertise.

New York Gov. Andrew Cuomo said during a Feb. 15 news conference he endorsed limiting how much nursing homes can profit from residential care.

Automation is quickly becoming one of the most popular topics among healthcare financial executives as they explore new ways to reduce expenses and improve operational performance, according to Grant Messick, managing director of customer success at Alpha Health.

Stanford (Calif.) University School of Medicine and Lucile Packard Children's Hospital Stanford, received an $80 million gift to advance maternal and pediatric health. 

Allina Health's revenue declined year over year in 2020, and the Minneapolis-based health system ended the year with an operating loss, according to unaudited financial documents released Feb. 12.

Alera Group employees added $1.35 million of erased medical debt to their ongoing efforts to help Americans pay off their medical bills, New Jersey Business Magazine reported Feb. 12.

Brad Tinnermon joined Phoenix-based Banner Health as vice president of revenue cycle management and revenue integrity in late 2017, before the organization launched its revenue cycle modernization and the COVID-19 pandemic began.