Walgreens Boots Alliance is laying off about 10 percent of its corporate workforce, or 504 employees, the Chicago Sun-Times reported May 25. 

Mississippi lawmakers set up a more than $100 million grant program to support the state's struggling hospitals, but healthcare officials said the program is not helping as intended, NBC affiliate WLBT reported May 25. 

New York City-based Montefiore Health System, which is expected to struggle with sustained operating challenges well into next year, reported a $31.8 million operating gain in the first quarter.

Affiliates of Los Angeles-based Prospect Medical Holdings secured $375 million in new financings from third-party lenders, according to a May 24 news release from Medical Properties Trust. 

San Benito Health Care District, the board overseeing Hollister, Calif.-based Hazel Hawkins Memorial Hospital, voted May 22 to file for Chapter 9 bankruptcy, a move coming a little more than six months after the board declared a fiscal emergency. It's a decision officials said will keep the hospital open as it continues to search for a partner or buyer. 

There are 293 rural hospitals at immediate risk of closure due to inflation, staffing shortages and other financial stress, according to the Center for Healthcare Quality & Payment Reform.

Pittsburgh-based UPMC's operating income hit $100.4 million in the first quarter — up from $50.4 million in the prior year period — due to increased patient volumes, the growth of its insurance division and equity earnings in its investment in CarepathRx.

Louisville, Ky.-based UofL Health saw its outlook revised to negative after nine-month financials ending March 31 revealed operating income slumping to $821,000, S&P Global said May 24. The rating agency affirmed its "A-" long-term rating on a series of bonds.

Chicago-based CommonSpirit posted an operating loss of $658 million for the three months ended March 31 — down from $591 million for the same period in 2022 — as rising costs and labor challenges persist. 

Mountain View, Calif.-based El Camino Health has reported an operating gain of $141.4 million for the nine months ending March 31 on revenue of just over $1 billion.

Birmingham, Ala.-based Medical Properties Trust has completed the sale of seven Australian hospitals for more than $475 million, with proceeds used to reduce its Australian term loan.

Headlines abound about California's hospitals being in financial difficulties, but a large majority of them don't need bailouts, according to a May 25 CaliforniaHealthline report.

Becker's has reported on nine health systems that have opted to outsource finance jobs or other revenue cycle functions in 2023: 

Fitch Ratings Senior Director Kevin Holloran dubbed 2022 the worst operating year ever and most nonprofit health systems reported large losses. However, the losses are shrinking and some systems have even reported gains during 2023 so far.

West Des Moines, Iowa-based UnityPoint Health, which is due to combine with Presbyterian Health Services later this year, saw its operating loss total $29 million in the first quarter. That loss followed a $52.2 million loss in the same period last year.

Philadelphia-based Penn Medicine revealed operating income of $160.4 million in its reporting period ending March 31. The seven-hospital system reported positive operating income in the past five years in the May 24 filing.

A South Carolina law rolling back much of the state's certificate-of-need law could lead to a spike in hospital projects, but rural communities might not see benefits, the Post and Courier reported May 21. 

Boston-based Mass General Brigham reported an $6 million operating loss in the second quarter of fiscal year 2023, which ended on March 31. The loss is a significant improvement on the $193 million operating loss recorded in the same period last year. 

MasterCard is partnering with healthcare technology company HealthLock with the intention of protecting consumers from healthcare fraud and billing errors. 

Aurora, Colo.-based UCHealth revealed operating income of $61.8 million in the first quarter of 2023 on revenue of $1.7 billion.