Today's Top 20 Health Finance Articles
  • Newly combined Pennsylvania system cuts losses in its first year

    Independence Health System cut its losses by 14% in its first year as a combined health system, the Pittsburgh Post-Gazette reported Feb. 27. 
  • UHS CEO eyes return to 'pre-COVID trends' in 2024

    King of Prussia, Pa.-based Universal Health Services projects net revenues to hit up to $15.7 billion in 2024, which would represent year-year-year growth of up to 10%, executives said during the company's Feb. 28 earnings call.
  • Walgreens to pull VillageMD clinics from Illinois

    Walgreens' Village MD is planning to exit the Illinois market in April, a spokesperson confirmed to Becker's on Feb. 28.
  • 6 steps for ASCs to collect patient payments earlier + faster

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  • 2-midnight rule offers 'incremental opportunity,' UHS CFO says

    Steve Filton, CFO of King of Prussia, Pa.-based Universal Health Services, shares the cautious optimism on CMS' two-midnight rule as other for-profit CFOs. 
  • UHS posts $1.2B operating income, revenues exceed $14B

    King of Prussia, Pa.-based Universal Health Services reported $1.2 billion in operating income (8.2% margin) in 2023, up from a $1 billion gain (7.5% margin) reported in 2022.
  • Wisconsin governor approves $15M crisis response bill amid HSHS/Prevea closures

    Wisconsin Gov. Tony Evers has approved Senate bill 1015, now known as 2023 Wisconsin Act 97, which will secure $15 million in crisis response funding to help provide care access in Western Wisconsin amid the planned closure of two Hospital Sisters Health System hospitals and regional clinics it operates with Green Bay, Wis.-based Prevea Health. 
  • Hospital expenses per inpatient day across 50 states

    Below are the adjusted expenses for nonprofit, for-profit and government hospitals per inpatient day in 2022 in every U.S. state, according to the latest estimates provided by Kaiser State Health Facts. 
  • Simplify the complexity of Medicare claims

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  • Hospitals see uneven financials as margins dip

    Hospital margins were down slightly month over month in January, but up to begin the year as compared to 2021 and 2022, according to Kaufman Hall's National Hospital Flash Report, released Feb. 28.
  • Major R1 RCM shareholder opposes acquisition offer

    One of R1 RCM's largest shareholders is asking the revenue cycle management company's board to reject a potential offer to take the firm private.  
  • UPMC back in the red with $198M operating loss, -0.7% margin

    Pittsburgh-based UPMC reported a $198 million operating loss (-0.7% margin) in 2023, down from a $162 million gain (0.6% margin) in 2022, according to financial documents published Feb. 28.
  • Sutter Health Oakland hospital could close by 2030

    Oakland, Calif.-based Alta Bates Summit Medical Center, part of Sacramento, Calif.-based Sutter Health, could close by 2030.
  • Mayo posts $1.1B operating income, 6% margin

    Mayo Clinic saw financial and operational improvements in 2023 that lifted its net operating income to $1.1 billion, according to financial results released Feb. 27. 
  • Why not-for-profit health systems need positive margins: Deloitte

    Health system margins are the "lifeblood of a healthy, patient-centered, innovative health care system and community," according to a report from consulting firm Deloitte. 
  • R1 RCM posts $3.3M in 2023 income

    R1 RCM reported a $3.3 million net income in 2023 after posting a net loss of $63.3 million in 2022, according to its Feb. 27 financial statement.  
  • Fitch upgrades El Camino Health to 'AA'

    Fitch Ratings has upgraded Mountain View, Calif.-based El Camino Health to "AA" from "AA-." 
  • South Carolina healthcare centers get nearly $50M in grants

    The South Carolina Department of Health and Human Services provided 26 grants to healthcare centers and organizations worth $48.2 million in an effort to improve medical care access.
  • Change aims to mitigate hospital cash flow issues due to cyberattack

    UnitedHealth Group plans to work with hospitals to mitigate any cash flow issues stemming from the Feb. 21 cyberattack against Change Healthcare, according to a statement provided to Becker's.
  • OSF improves margin by 4.6% in fiscal Q1

    Peoria, Ill.-based OSF HealthCare transformed a $43.2 million operating loss (-4.5% margin) in the fiscal first quarter ending Dec. 31, 2022, into a $0.9 million operating gain (0.1% margin) in the same quarter in 2023. The turnaround is a 4.6% improvement on its operating margin year over year.
  • $200M of debt erased for MetroHealth patients

    Cleveland-based MetroHealth System and RIP Medical Debt, a nonprofit debt relief service, have shared an agreement that will help erase just over $200 million in medical debt for 290,761 Northeast Ohio patients.
  • Fitch downgrades Tufts Medicine to 'BBB-'

    Fitch Ratings has downgraded Burlington, Mass.-based Tufts Medicine from a "BBB" to a "BBB-" credit rating. 

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