Today's Top 20 Health Finance Articles
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University Hospitals to cut labor, delivery services at Ohio hospital
Cleveland-based University Hospitals is ending labor and delivery services at UH Lake West in Willoughby, Ohio, effective April 15. Services will be consolidated at TriPoint in Concord Township, which is about 15 miles away, according to the health system. -
MaineHealth reports reduced operating gain on back of almost $1B expenses
Portland-based MaineHealth reported operating income of $16 million as it revealed almost $1 billion in revenue for the quarter ending Dec. 31. -
Orlando Health reveals overall gain of almost $265M amid strong revenue numbers, investments
Orlando (Fla.) Health reported operating income of $78.6 million on the back of improved revenues totaling approximately $1.37 billion for the quarter ending Dec. 31. -
Children's Healthcare of Atlanta expansion could add 1,000 new jobs
The completion of the Arthur M. Blank Hospital could bring 4,500 jobs to Children's Healthcare of Atlanta's North Druid Hills campus, including 1,000 new positions, the Atlanta Business Journal reported Feb. 21. -
Ventra Health acquires Philippines-based RCM company
Ventra Health has acquired Deras Global Services, a Philippines-based revenue cycle management services provider for hospital-based physician specialties. -
Idaho's Kootenai Health advances nonprofit conversion with white paper
Coeur d'Alene, Idaho-based Kootenai Health has taken another step forward in its proposal to convert from a public health system to a private nonprofit entity. -
71% of consumers say inflation affects healthcare decisions, according to survey
A survey of 1,006 consumers from healthcare fintech company AccessOne found that 71 percent of consumers say inflation has affected healthcare purchasing decisions. -
AGS Health acquires patient access outsourcing business
Revenue cycle management company AGS Health has acquired the India-based patient access outsourcing business of healthcare technology company Availity. -
Georgia bill to replace certificate of need advances
The debate over certificate of need requirements for hospitals and health centers in Georgia continues after lawmakers advanced a tweaked proposal for a less restrictive license, according to a Feb. 21 report in The Georgia Sun. -
'Now is not the time to upend healthcare labor markets:' AHA wants FTC noncompete proposal scrapped
The American Hospital Association has called on the Federal Trade Commission to withdraw its proposed rule to ban noncompete agreements, which prevent employees from leaving for a rival or starting a competing business for a period of time after their employment ends. -
CMS has issued almost 500 warnings for price transparency noncompliance
CMS has issued nearly 500 warnings and 230 requests for corrective action to hospitals not complying with price transparency laws as of January 2023, two of the agency's leaders wrote in Health Affairs. -
Two-thirds of Maine hospitals reported negative operating margins in 1st half of 2022
Two-thirds of Maine hospitals reported negative operating margins in the first half of 2022 as inflation and staffing shortages pushed margins into the red, Maine Public Radio reported Feb. 21. -
OhioHealth hospital ending maternity services
OhioHealth's Shelby Hospital will no longer provide maternity services from 11:59 p.m on Feb. 28, according to local news outlet Richland Source. -
Trinity Michigan hospital temporarily closes floor, cites workers shortages
Trinity Health Muskegon (Mich.) plans to temporarily close a 30-bed surgical floor due to staffing shortages, Fox affiliate WXMI reported Feb. 21. -
Texas hospital cutting almost half its staff, several services
St. Mark's Medical Center in La Grange, Texas, is cutting nearly half its staff and various services as it looks to survive amid significant financial challenges. -
14 health systems with strong finances
Here are 14 health systems with strong operational metrics and solid financial positions, according to reports from credit rating agencies Fitch Ratings, Moody's Investors Service and S&P Global. -
Justice Department, Community Health Network grapple over false claims allegations
Indianapolis-based Community Health Network is pushing back against the Justice Department's questions related to yearslong false claims allegations, Inside Indiana Business reported Feb. 20. -
NYC Health + Hospitals enjoys credit rating upgrade on bonds
NYC Health + Hospitals, the largest municipal health system in the country, was upgraded on the long-term credit rating of outstanding bonds, the system said in a filing Feb. 21. -
CMS now accepting applications for extended bundled payment program
CMS began accepting applications Feb. 21 for its Bundled Payments for Care Improvement Advanced model. -
Northwell Health's 'aggressive' outpatient expansion increasing market share, CEO says
New Hyde Park, N.Y.-based Northwell Health is aggressively expanding its outpatient portfolio to meet patients closer to home and increase its market share, president and CEO Michael Dowling told Becker's Hospital Review.
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