Boston-based Mass General Brigham submitted a cost-reduction plan to Massachusetts regulators May 16, which includes a promise to cut healthcare spending by $70 million a year. 

As hospitals adjust to the price transparency rules that went into effect Jan. 1, 2021, Kelly Arduino, a healthcare industry leader for consulting and accounting firm Wipfli, is working with hospitals to help them comply with the rules.

National Medical Billing Services, a revenue cycle management company that serves the surgical market, has acquired New Jersey revenue cycle firm Medi-Corp. 

Three of the four major for-profit hospital operators in the U.S. saw labor expenses spike in the first quarter of this year. 

R1 RCM saw its revenue increase 12.6 percent in the first quarter of 2022 as it added new clients, according to the revenue cycle firm's recent financial report. 

Healthmark Regional Medical Center in DeFuniak Springs, Fla., is behind on payroll, according to a letter from hospital administration published by ABC affiliate WMBB.

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

Although Advocate Aurora Health posted an operating gain in the first quarter of 2022, it ended the period with a net loss, according to recently released financial results. 

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

CommonSpirit Health, a 142-hospital system based in Chicago, reported an operating loss for the three months ended March 31, according to financial documents released May 13. 

Healthcare providers who missed the March 31 deadline to report on how they used provider relief funds payments now have until May 18 to request an extenuating circumstances extension. 

Citing inflation and labor cost pressures, Renton, Wash.-based Providence recorded an operating loss of $510.16 million in the first quarter of 2022, according to financial documents released May 13. In the same quarter one year prior, Providence posted an operating loss of $221.91 million.

Rick Pollack, president and CEO of the American Hospital Association, said a recent news report about hospitals asking insurers to pay them up to 15 percent more to help offset rising wages passed over the bigger picture of hospitals' cost structures. 

Despite seeing a slight increase in revenue, Boston-based Mass General Brigham ended the second quarter of fiscal year 2022 with both an operating loss and net loss, according to its financial report released May 13. 

Claxton-Hepburn Medical Center in Ogdensburg, N.Y., and Carthage (N.Y.) Area Hospital both laid off 4 percent of their workforce, according to WWNY. 

Although CMS' price transparency rule went into effect in January 2021, hospitals have been slow to comply with the regulation. 

Nonprofit hospital margins will continue to struggle through the second quarter of 2022 following the operational challenges from the omicron variant, Fitch Ratings said in a May 12 report.

California Gov. Gavin Newsom has proposed an $18.1 billion inflation relief package that includes $1,500 direct payments to hospital and nursing home employees across the state.

Aid to boost the availability of COVID-19 tests, therapeutics and vaccines nationwide continues to dwell in a congressional logjam. 

Many hospitals and health systems across the U.S. are feeling the effects of higher expenses and market volatility in the first quarter of 2022.