Today's Top 20 Health Finance Articles
  • OSF improves margin by 4.6% in fiscal Q1

    Peoria, Ill.-based OSF HealthCare transformed a $43.2 million operating loss (-4.5% margin) in the fiscal first quarter ending Dec. 31, 2022, into a $0.9 million operating gain (0.1% margin) in the same quarter in 2023. The turnaround is a 4.6% improvement on its operating margin year over year.
  • $200M of debt erased for MetroHealth patients

    Cleveland-based MetroHealth System and RIP Medical Debt, a nonprofit debt relief service, have shared an agreement that will help erase just over $200 million in medical debt for 290,761 Northeast Ohio patients.
  • Fitch downgrades Tufts Medicine to 'BBB-'

    Fitch Ratings has downgraded Burlington, Mass.-based Tufts Medicine from a "BBB" to a "BBB-" credit rating. 
  • 6 steps for ASCs to collect patient payments earlier + faster

    The earlier ASCs collect patient payments, the better. Learn how to collect patient payments earlier + faster in 6 steps here.
  • Hospitals have strong financial start despite expense growth

    Hospital margins jumped 3.8 percentage points in January over 2023, a promising start to the year, according to data from Syntellis, part of Strata.
  • Hospitals' overlooked performance metric

    Many nonprofit hospitals and health systems issue tax-exempt debt to raise capital, putting pressure on them to operate like their for-profit counterparts, most of which also issue debt to a similar pool of potential buyers, according to a Feb. 23 report published by Health Affairs.
  • New Jersey hospital ending maternity care, relocating services

    Vineland, N.J.-based Inspira Health is closing the midwifery program at its Inspira Medical Center Elmer (N.J.) location in mid- to late April after assessing its maternity care's current landscape and internal operations.
  • R1 RCM shareholders mull taking company private

    A group of R1 RCM investors is weighing whether to take the revenue cycle management company private, Bloomberg reported Feb. 26. 
  • Simplify the complexity of Medicare claims

    Minutes turn into hours while managing Medicare claims. Learn how to simplify the process by automating your billing management here.
  • Massachusetts governor: Steward financial statement 'incomplete and insufficient'

    Massachusetts Gov. Maura Healey is less than impressed with Dallas-based Steward Health Care's recently shared financial information after probing the health system for its records in a recent letter due to ongoing financial troubles.
  • 'Productivity boom' may be in store for US, economists say

    Economists are deliberating whether the American economy is on the brink of a transformative boom akin to the 1990s amid early signs of a potential resurgence in productivity, The New York Times reported Feb. 21.
  • Nebraska hospital finds 'lifeline' in new CMS model

    Friend, Neb.-based Warren Memorial Hospital on Feb. 8 became the first hospital in the state to convert to a rural emergency hospital, according to
  • Lion Star closing Texas hospital clinics, conducting layoffs

    Editor's note: This story has been updated after previously reporting that Lion Star was closing its Nacogdoches (Texas) Memorial Hospital obstetrics unit based off of a Feb. 23 Nacogdoches County Hospital District statement. A Lion Star spokesperson confirmed that the hospital is not closing its obstetrics unit.  Lion Star, the group that operates Nacogdoches (Texas) Memorial Hospital, is closing four of its clinics on March 22, which will result in the layoffs of under 50 people with no additional layoffs planned, a Lion Star spokesperson told Becker's. 
  • Cooper to begin estimated $2B expansion this year

    Cooper University Health Care is preparing to begin the first phase of a projected $2 billion expansion this year, according to Fitch Ratings.
  • Trinity Health significantly cuts 6-month operating losses

    Livonia, Mich.-based Trinity Health reported an operating loss of $38.6 million for the first six months of fiscal year 2024 after reporting a $298 million loss over the same period last year, according to its Feb. 23 financial report. 
  • Steward issues '6-point action plan'

    Dallas-based Steward Health Care has shared a 'six-point action plan' to address its ongoing financial troubles and create a more sustainable business as the health system moves into its next phase of operations.
  • Tower Health cuts 6-month operating loss by $73.5M

    West Reading, Pa.-based Tower Health reported a $16.6 million operating loss in the first six months of fiscal year 2024, an 81.6% improvement from the $90.1 million loss over the same period last year, according to its Feb. 23 financial report. 
  • OakLeaf presses expansion plans amid HSHS, Prevea closures

    Eau Claire, Wis.-based OakLeaf Medical Network, the largest independent physician network in the state, has increased care capacity at its 26 clinics amid the planned closure of two Springfield, Ill.-based Hospital Sisters Health System hospitals and regional clinics it operates with Green Bay, Wis.-based Prevea Health. 
  • Idaho HCA hospital closing labor and delivery, NICU

    Caldwell, Idaho-based West Valley Medical Center, part of Nashville, Tenn.-based HCA Healthcare, is closing its labor and delivery and neonatal intensive care unit by April 1.
  • The 3 companies initiating 58% of surprise billing disputes

    There were 288,810 No Surprises Act disputes initiated through the federal independent dispute resolution portal in the first six months of 2023, which was 13 times greater than federal departments initially estimated. 
  • Froedtert Menomonee Falls Hospital to close birth center, transfer services

    Froedtert Menomonee Falls (Wis.) Hospital is closing its birth center and moving services to Wauwatosa, Wis.-based Froedtert Hospital and Froedtert West Bend (Wis.) Hospital by July 1.
  • IU Health posts $1.1B net income in 2023

    Indianapolis-based Indiana University Health reported $1.1 billion in net income in 2023, including investment gains of $931 million, compared to a net loss of $715 million in 2022, according to its most recent financial report.

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