Grand Rapids and Southfield, Mich.-based Corewell Health posted an operating income of $65.7 million in the first quarter of 2024, down from $102 million posted over the same period last year, according to the system's May 14 financial report.

The Louisiana Department of Health has restored the CMS status of West Monroe, La.-based Glenwood Regional Medical Center, part of financially troubled Dallas-based Steward Health Care, and deemed it in compliance with the state DOH's relevant requirements.

Select Specialty Hospital in Longview, Texas, will close on or about June 30, resulting in the termination of 94 employees, Becker's has confirmed.

Hospitals across the U.S. are having capacity issues, leading to unnecessary stays and higher costs overall.

RCM tech platform Janus Health has named Todd Doze its news CEO. 

Bluffton (Ind.) Regional Medical Center and Dukes Memorial Hospital in Peru, Ind., both part of Fort Wayne, Ind.-based Lutheran Health Network, have shared plans to end their inpatient labor and delivery services due to decreased birth rates.

The labor and delivery unit at Demopolis, Ala.-based Whitfield Regional Hospital will pause until Sept. 1 following its primary provider taking extended leave with no other providers readily available to provide 24/7 service to the unit.

Revenue cycle management company Alpha II has promoted Ashley Womack to CEO. 

Grand Blanc, Mich.-based McLaren Health Care posted an operating income of $44.5 million in the first half of fiscal year 2024 down from an operating income of $47.1 million over the same period last year, according to its May 14 financial report. 

During the first quarter of 2024, hospitals and health systems across the nation experienced a rise in payments that were either delayed or missing, a report from Strata Decision Technology found. 

In January, Bend, Ore.-based St. Charles Health System launched a pilot program alongside the insurer PacificSource to streamline automatic coverage approval for patients needing cancer treatment.

CMS' expansion of the two-midnight rule, which could affect more than 20% of Medicare Advantage patients this year, has led to increased inpatient volumes and revenue growth for hospitals in the first quarter, according to a report published May 13 by Strata Decision Technology. 

Oakland, Calif.-based Kaiser Permanente plans to sell up to $3.5 billion of holdings in private-equity funds due to cash constraints, The Wall Street Journal said in a May 12 report citing unnamed sources "familiar with the matter."

Site-neutral payment policies are a hot topic every year across the healthcare industry and in Congress. Becker's has compiled the latest updates and policy changes leaders should know in 2024.

Hospitals charged commercial insurers and employers rates 254% higher, on average, than what Medicare paid for the same services in 2022, according to a Rand Corp. report published May 13. 

The immediate, direct impact of the pandemic on hospitals and health systems has subsided, but elevated labor expenses, inflationary pressures and declining inpatient admissions continue to affect clinical care patterns and financial performance, according to a report published May 8 by VMG Health.

California is seeking to divert more than $7 billion in funding from the healthcare sector to address a major funding deficit, according to a revised budget proposal released May 10. 

Optum's Eugene-based Oregon Medical Group will not enforce noncompete agreements for any departing physicians or advanced practice providers, ABC-affiliate KEZI reported May 10.

Below are 10 hospitals and health systems that recently posted job listings seeking CFOs and assistant CFOs.

Oakland, Calif.-based Kaiser Permanente reported $935 million in operating income for the first quarter up from a $233 million operating income reported in the same quarter last year, according to its May 10 financial report. Its operating margin grew from 0.9% in the first quarter of 2023 to 3.4% in the first quarter of this year.