Renton, Wash.-based Providence has shared plans to close one of its Santa Rosa, Calif., urgent care locations, effective Feb. 7.

The Sisters of Charity Health System has shared plans to demolish shuttered Cleveland-based St. Vincent Charity Medical Center.

Medicare Advantage now provides health coverage to around 55% of the nation’s seniors, but some hospitals and health systems are choosing to end contracts with some MA plans due to administrative hurdles. The most frequently cited challenges include high prior authorization denial rates and delayed payments from insurers.

HCA Healthcare and Tenet Healthcare, two of the nation’s largest for-profit health systems, are reshaping their financial leadership with a wave of recent CFO appointments. 

Oakland, Calif.-based Kaiser Permanente posted a $608 million operating loss (-2.1% operating margin) in the third quarter of 2024, down from an operating income of $156 million (0.6% operating margin) in the same quarter last year, according to its Nov. 8 financial report.  

Jefferson Health is delaying a 3% pay increase for more than 42,000 employees from January to July as part of its plan to strengthen financial performance, The Philadelphia Inquirer reported Nov. 8.

The FTC under the Biden administration has been tough on big mergers and monopolies while favoring pro-worker policy changes, including a ban on noncompete agreements.

Nashville, Tenn.-based Ardent Health reported a net income of $26.3 million (1.8% margin) in the third quarter, up from $20.8 million (1.5% margin) in the same quarter last year. 

Westchester Medical Center Health Network, a nine-hospital system headquartered in Valhalla, N.Y., is laying off about 130 people primarily in corporate and administrative roles, a spokesperson for the system confirmed to Becker's.

Belfast-based MaineHealth Waldo Hospital has shared plans to restructure its obstetrics and end its labor and delivery services, effective April 1, 2025, according to a Nov. 7 news release shared with Becker's. 

Mercy Fitzgerald Hospital in Darby, Pa., closed its 21-bed inpatient behavioral health unit, effective Oct. 26.

Birmingham, Ala.-based Medical Properties Trust, one of the world's largest hospital real estate owners posted a net loss of $801 million in the third quarter of 2024 ended Sept. 30, a 786% decrease from a $117 million gain during the same period in 2023,  according to a Nov. 7 news release.

Pittsburgh-based UPMC has confirmed it is laying off about 100 employees, or 0.1% of its workforce.

OneCare Vermont, an Accountable Care Organization, will end operations at the end of 2025 as the Vermont All-Payer ACO Model concludes. 

Efforts to secure Thomasville (Ala.) Regional Medical Center's assets and transition to new ownership are underway, and the ultimate goal is to reopen the 29-bed hospital under new ownership as soon as possible, Thomasville Mayor Sheldon Allison Day said in a Nov. 5 Facebook post.

When Stephen DelRossi joined Northern Inyo Healthcare District in 2022, one thing was apparent.

Donald Trump has been elected the 47th president of the U.S., potentially signaling significant health policy changes.

Some employees at St. Joseph Medical Center in Houston say they did not receive the correct amount on their Nov. 1 paychecks, or receive them at all, ABC13 reported Nov. 4.

Robin Damschroder's recent promotion from executive vice president and CFO to executive vice president, president of value-based enterprise and CFO of Detroit-based Henry Ford Health comes at an exciting time for the health system, as it recently launched a joint venture with Ascension Michigan.

With just one month as executive vice president and CFO of Houston Methodist under his belt, Anthony DeFurio has stepped into his new role with a clear vision for the future of the health system.