Today's Top 20 Health Finance Articles
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9 health systems outsourcing RCM functions
Becker's has reported on nine health systems that have opted to outsource finance jobs or other revenue cycle functions in 2023: -
Health system finances looking up
Fitch Ratings Senior Director Kevin Holloran dubbed 2022 the worst operating year ever and most nonprofit health systems reported large losses. However, the losses are shrinking and some systems have even reported gains during 2023 so far. -
UnityPoint reports operating loss ahead of Presbyterian merger
West Des Moines, Iowa-based UnityPoint Health, which is due to combine with Presbyterian Health Services later this year, saw its operating loss total $29 million in the first quarter. That loss followed a $52.2 million loss in the same period last year. -
Penn Medicine extends operating gains of past 5 years
Philadelphia-based Penn Medicine revealed operating income of $160.4 million in its reporting period ending March 31. The seven-hospital system reported positive operating income in the past five years in the May 24 filing. -
South Carolina is rolling back hospital regulations. But rural areas could be left behind
A South Carolina law rolling back much of the state's certificate-of-need law could lead to a spike in hospital projects, but rural communities might not see benefits, the Post and Courier reported May 21. -
Mass General Brigham margins rebound amid $361M net gain in Q2
Boston-based Mass General Brigham reported an $6 million operating loss in the second quarter of fiscal year 2023, which ended on March 31. The loss is a significant improvement on the $193 million operating loss recorded in the same period last year. -
Mastercard, Healthlock partner to prevent healthcare fraud, billing errors
MasterCard is partnering with healthcare technology company HealthLock with the intention of protecting consumers from healthcare fraud and billing errors. -
UCHealth reports Q1 $61.8M operating income
Aurora, Colo.-based UCHealth revealed operating income of $61.8 million in the first quarter of 2023 on revenue of $1.7 billion. -
CarePoint seeks financial support after safety-net hospitals convert to nonprofits
The Jersey City, Hoboken and Bayonne, N.J., city councils have all passed resolutions supporting CarePoint Health Systems' application for state and federal funding through the American Rescue Plan. -
Kaiser, Cleveland Clinic and more: 6 nonprofit systems back in the black
Despite continued high labor expenses, inflation and the rising costs of medical equipment and supplies, some nonprofit health systems' margins made it back into the black in the first quarter. -
230 lawmakers urge House leadership to delay Medicaid DSH cuts
More than half of the members of the House of Representatives have signed a letter urging House leadership to delay cuts to the Medicaid Disproportionate Share Hospital program. -
SSM Health reports $16.5M Q1 operating loss
St. Louis-based SSM Health reported higher operating expenses in the first quarter of 2023, which dragged the system to an operating loss of $16.5 million. -
3 hospital bankruptcies in 2023
Three hospitals have filed for bankruptcy so far in 2023, and all three are located in California. -
Conifer strikes partnership with Illinois hospital
Conifer Health Solutions has entered into a partnership with Arlington Heights, Ill.-based Northwest Community Healthcare. -
Cleveland Clinic reports operating income up $136.8M in Q1
Cleveland Clinic reported improved net operating income of $32.3 million for the three months ending March 31 on revenues of $3.5 billion. -
Atrium Health has credit ratings upgraded on back of consolidated Advocate Health strength
Charlotte, N.C.-based Atrium Health has seen its rating on various series of debt upgraded to "AA" from "AA-," S&P Global said May 22. -
AdventHealth affirmed at 'AA' amid strong financial profile: Fitch
Altamonte Springs, Fla.-based AdventHealth had both its default rating and that on a series of 2023 $286 million bonds affirmed May 22, Fitch said. -
Kaiser shelves plans for outpatient complex
Kaiser Permanente has decided that it will not buy a property in Live Oak, Calif., where it had planned to develop a 160,000-square-foot medical building, the Santa Cruz Sentinel reported May 21. -
Washington hospital loses expansion funds by 5 votes in special election
Voters narrowly rejected a bond that would have provided extra financial support to Ilwaco, Wash.-based Ocean Beach Hospital and Medical Clinics, according to the Chinook Observer. -
CEO grilled on state of hospital finances
Franklin County commissioners have serious concerns about the state of Apalachicola, Fla.-based Weems Memorial Hospital after questioning CEO David Walker on the back of a financial report compiled by Alliant Management Services, The Apalachicola Times reported May 22.
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