The UVM Medical Center in Burlington, Vt., the largest hospital in the state, is asking for a 24 percent increase in the size of their net patient revenue after inflation increased its costs by more than $100 million, CBS affiliate WCAX3 reported Aug. 21. 

Medicare patients may have the opportunity to pay for out-of-pocket drug costs over a year to help reduce the burden of high initial payments, CMS said Aug. 21.

The number of critical access hospitals has increased by 446 since 2004 and as rural hospitals face a financial crunch, more could be trimming their services in exchange for increased federal funds.

Roseville, Calif.-based Adventist Health had its credit rating downgraded by S&P Global from "A1," according to an Aug. 21 filing.

Toledo, Ohio-based ProMedica, which called off plans to build a new Michigan hospital after it reported a $39.8 million second-quarter operating loss, is now seeking further extensions to existing covenant suspensions.

Olympic Medical Center lost more than $3.5 million in July as stagnant patient volumes and low reimbursement rates continue to challenge the Port Angeles, Wash.-based hospital, the Peninsula Daily News reported Aug. 19. 

Medical Properties Trust, the nation's largest hospital landlord, said its deal to secure $375 million in new financing from third-party lenders for Prospect Medical Holdings was completed, but the company did not mention that a California state regulator put the transaction on hold, The Wall Street Journal reported Aug. 18. 

Gadsden (Ala.) Regional Medical Center will receive a tax refund of $1.5 million from Gadsden City, The Gadsden Times reported Aug. 18.

London-based digital-first healthcare platform Babylon Health has filed for Chapter 7 bankruptcy for two subsidiaries — Babylon Healthcare and Babylon Inc. — as it shuts down core U.S. operations, according to documents filed Aug. 9 in a Delaware bankruptcy court. 

Hammond, La.-based North Oaks Health System has received a credit upgrade to "A" from "A-" due to operational strength and robust market share, Fitch said Aug. 17.

CMS issued fines to four hospitals in late August for price transparency violations, bringing the total number of hospitals that have been fined to 11. 

President Joe Biden signed the Inflation Reduction Act into law Aug. 16, 2022, with the $739 billion reconciliation package including several significant healthcare provisions. 

The Texas Health and Human Services Commission has secured $984 million in annual funding to support private hospitals across the state, according to an Aug. 17 news release from the office of Governor Greg Abbott.

Wilson (N.C.) Medical Center is in full compliance with CMS' conditions of participation, a hospital spokesperson told Becker's Aug. 18

Hartford (Conn.) HealthCare has taken out a $50 million line of credit for unspecified purposes, according to an Aug. 16 filing.

Mechanicsburg, Pa.-based Vibra Healthcare is laying off 76 employees at its specialty hospital in DeSoto, Texas, according to WARN filings from July 27.

Mayo Clinic generated almost $300 million in operating income on revenue of $4.47 billion in the second quarter, according to an Aug. 17 filing.

CMS has fined three more hospitals for alleged price transparency violations.

None of the credit pillars supporting healthcare funding are stable, Kaufman Hall said in an Aug. 12 report.

Morgantown-based West Virginia University Health System, the state's largest employer, has reported first-half operating income of $89.2 million on revenues of $2.9 billion.