Today's Top 20 Health Finance Articles
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Tenet insiders sell $2.5M in shares
A number of insiders at Dallas-based Tenet Healthcare have sold $2.5 million worth of shares in the company over the past 12 months. -
Cleveland Clinic posts $21.4M operating loss as expenses climb 9.4% in Q2
Cleveland Clinic has reported a $21.4 million operating loss, resulting in an operating margin of -0.6 percent, compared with a $183.5 million loss and an operating margin of -5.9 percent in the second quarter of 2022, according to financial documents published Aug. 23. -
Augusta Health inks deal with financial assistance platform
Fishersville, Va.-based Augusta Health has affiliated with Breez Health to provide improved financial assistance for income-eligible patients. -
Mississippi hospital up for lease, again
Greenwood (Miss.) Leflore hospital is going up for lease again as it continues to battle various financial challenges to remain afloat and open, Mississippi Today reported Aug. 23. -
Allina Health reports $122M Q2 loss
Minneapolis-based Allina Health opted not to fill 150 open positions, as the health system lost $122.7 million between April and June, the Star Tribune reported Aug. 23. -
Allina calls off billing practice that drew national attention
Minneapolis-based Allina Health announced Aug. 23 that it is ending a billing and collection policy that drew national attention and an investigation by the the Minnesota attorney general. -
Michigan system lays off 4 execs amid restructuring
The University of Michigan Health is restructuring its executive team to oversee operations at the University of Michigan Health-West in Wyoming, Mich., and Lansing-based Sparrow Health, a six-hospital system that it acquired in April. -
Babylon rushes to sell UK business
Babylon Health, a London-based digital-first healthcare platform, aims to complete the sale of its U.K. business by Aug. 25 after a proposed merger with digital neurotherapy company MindMaze collapsed, forcing it to shut down its U.S. operations, according to Sifted. -
Health systems get serious about value-based care
Health system executive teams are in a bind as expenses rise faster than reimbursement rates, and margins are expected to stay slim for the next few years. With few options to mitigate costs and avoid cutting services, layoffs or worse, hospitals and health systems are accelerating value-based care strategies and taking a more nuanced approach to the site of service for care. -
Redeemer Health gets rating downgrade, looking for partner
Meadowbrook, Pa.-based Redeemer Health saw its credit rating downgraded to "BB" by S&P Global, according to an Aug. 18 Philadelphia Inquirer report. -
UChicago Medicine AdventHealth hospital to end obstetrics services
UChicago Medicine AdventHealth GlenOaks hospital in Glendale Heights, Ill., plans to discontinue its obstetrics services because of low demand and community factors including the higher median age in Glendale Heights. -
What 3 revenue cycle VPs are excited about right now
Automation, machine learning and generative AI are among the things three Healthcare Financial Management Association MAP-award-winning revenue cycle leaders told Becker's they are most excited about right now. -
Nutex acquisition adds 112 primary care physicians
Houston-based Nutex Health, a micro-hospital network, has acquired Population Health Associates and Managed Care Insurance Consultants, two independent practice associations headquartered in Coral Gables, Fla. -
Healthcare 3rd best sector for investment returns, study shows
Investment returns on healthcare stocks average 13.4 percent, making the sector the third best performing behind IT and consumer discretionary, according to a study from Journo Research. -
15 hospitals, health systems named price transparency 'champions'
Fifteen hospitals and health systems have been honored by patientrightsadvocate.org with the "Price Transparency Champion Award." -
PeaceHealth to close Oregon hospital
Vancouver, Wash.-based PeaceHealth is taking initial steps to close its Eugene (Ore.) University District hospital as the health system shifts operations to its RiverBend campus, the hospital system said. -
Corporate hospitals and insurers draw battle lines: Viewpoint
Insurers and large health systems share blame for the high costs of healthcare, policy analyst Paul Keckley, PhD, said in an Aug. 21 article on his website. -
Connecticut Children's increases minimum wage to $18/hour
Hartford-based Connecticut Children's said it will raise its minimum wage by $3 to $18 an hour, effective Oct. 6. -
5 health systems seeking revenue cycle vice presidents
Five hospitals and health systems recently posted job listings seeking revenue cycle vice presidents. -
Only 8% of CFOs still anticipate a recession
In January, 98 percent of U.S. CEOs agreed there would be a "short and shallow" recession. Now, that anticipation is waning in the C-suite, Fortune reported Aug. 22.
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