Today's Top 20 Health Finance Articles
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Tufts to eliminate 240 positions, save $22M
Boston-based Tufts Medicine aims to save $22 million annually through workforce reductions, according to The Boston Globe. -
Willis-Knighton affirmed credit ratings at 'AA' amid positive recovery expectations
Shreveport, La.-based Willis-Knighton Health System had its overall and specific bonds ratings affirmed at "AA-" amid expectations it has a strong enough market presence and robust financial profile to recover margins "materially" in 2023, Fitch Ratings said Jan. 23. -
Colorado rural hospitals pass on dropping inpatient care
Colorado rural hospitals that could receive $3 million in funding from Medicare if they drop inpatient care and keep an emergency room are declining the program and opting to keep their inpatient care, the Greeley Tribune reported Jan. 23. -
13 top reasons for claims denials
Authorizations, provider eligibility and code inaccuracies were among the top reasons health system officials said claims are denied, according to a recent report from Experian Health. -
Halifax Health suffers from contract labor costs but posts positive operating income
Daytona Beach, Fla.-based Halifax Health reported positive operating income in 2022 even as contract labor costs continued to pose the system a significant challenge. -
5 health systems choosing Ensemble for RCM services
Here are five health systems that have selected Cincinnati-based Ensemble Health Partners for revenue cycle management services in the past year: -
ChristianaCare making progress in reducing contract labor, inpatient costs
Wilmington, Del.-based ChristianaCare is seeing early progress under a new initiative to lower both length of inpatient stay and contract labor costs. -
Optum partner Northern Light Health reports $178M loss
Brewer, Maine-based Northern Light Health, which earlier this month agreed to transfer 1,400 of its employees to health services company Optum, reported a $178 million loss in fiscal 2022, according to a Jan. 23 filing. -
Illinois hospital to temporarily close after ER provider contract terminated
St. Margaret's Health-Peru (Ill.) notified staff it would temporarily close Jan. 28 after its contract with an emergency room provider ends, according to a report from Shaw Local News Network. -
10 providers seeking RCM talent
Ten hospitals or health systems recently posted job listings seeking revenue cycle management expertise. -
Dartmouth Health freezes hiring, plans job reviews
Lebanon, N.H.-based Dartmouth Health is freezing hiring and reviewing all vacant jobs at its flagship hospital and clinics in an effort to close a $120 million budget gap, the Valley News reported Jan. 21. -
UPMC to transition rural hospital to outpatient emergency department
Pittsburgh-based UPMC is transitioning the 25-bed rural hospital UPMC Lock Haven (Pa.) to an outpatient emergency department. -
Erlanger Health reports positive operating income in fiscal 2022
Chattanooga, Tenn.-based Erlanger Health System is apparently bucking the trend by reporting positive net operating income in the three months ending Sept. 30, according to a Jan. 20 filing. -
How profitable are California's 1-star hospitals?
California holds more hospitals than any other state except Texas, and CMS rated 22 of them with one star, based on five quality categories. -
12 healthcare systems with affirmed credit ratings
The following hospital and healthcare systems have experienced affirmed credit ratings in recent weeks as their operating performance continues to hold up relatively well in a sustained difficult market: -
Hospitals have more questions than answers on noncompetes amid FTC proposal
The Federal Trade Commission on Jan. 5 issued a proposed rule that would ban noncompete agreements, but whether that rule will apply to nonprofit hospitals is unclear. -
Troubled Tower Health pledges transparency for investors
West Reading, Pa.-based Tower Health, which has recently reduced its hospital count and laid off a number of employees, has pledged greater transparency with its current bondholders, according to a Jan. 20 filing. -
Arizona governor allocates $9.7M to address staffing at state hospital
Arizona Governor Katie Hobbs' 2023-24 budget proposal would provide $9.7 million to Arizona State Hospital to improve staffing and operations. -
Mass General Brigham shuffling community hospital leaders, shifting CEOs to COOs
Boston-based Mass General Brigham is restructuring its community hospital leadership and consolidating oversight of its community physicians to further integrate operations and reduce expenses across the health system, The Boston Globe reported Jan. 20. -
Meet R1 RCM's new-look leadership team
R1 RCM recently got a new CEO, president, CFO and chief commercial officer. Here is information about the company's refreshed leadership team, according to its website:
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