Today's Top 20 Health Finance Articles
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What the U.S. can learn about rural healthcare from other countries
Rural Americans are the most likely to skip needed care and struggle with medical bills when compared with 10 other high-income countries, according to a July 24 report from the Commonwealth Fund. -
California hospital looks to secure $40M loan to stave off closure
El Centro (Calif.) Regional Medical Center is applying for a $40 million loan from the state of California's newly created Distressed Hospital Loan Program as it looks to stay open, inewsource reported July 25. -
Investment firm to take over Iowa hospital 'in financial freefall'
Preston Hollow Community Capital, a Dallas-based investment firm, has filed a petition to take over management of Mercy Hospital, a 234-bed facility in Iowa City, the Des Moines Register reported July 24. -
CFOs' biggest worries
Execution risks to strategies and/or transformation topped CFOs' list as their most worrisome internal concern, edging out talent risks after nine successive quarters, according to Deloitte's "CFO Signals Survey 2Q 2023.". -
'Global budgets' aren't helping rural hospitals
More than 600 rural hospitals across the U.S. are at risk of closure, and most of the proposed solutions aren't helping, according to a report from the Center for Healthcare Quality & Payment Reform. -
'We can do anything, but we can't do everything': Tough decisions loom for hospital C-suites
Hospitals spent years adding specialists and service lines to meet the needs of anyone in the community, no matter the issue. -
Evaluation and management coding changes: What organizations need to know
Colleen Goethals, vice president of mid-revenue cycle at Xtend, spoke with Melissa Caswell, director of coding audits and education at Xtend, about recent changes to E&M coding requirements and how organizations can set themselves up for success. -
Jefferson Health to cut 400 jobs
Philadelphia-based Jefferson Health is reducing its workforce by approximately 1 percent, or about 400 positions, according to a statement shared with Becker's. -
Minnesota hospitals get $18M to tackle patient boarding
So far in 2023, Minnesota hospitals have reported nearly 14,000 instances of patient boarding. Now, they're getting $18 million from the state to help cover the costs of extended stays, the Star Tribune reported July 23. -
10 hospitals seeking CFOs
Following are 10 hospitals and health systems that recently posted job listings seeking CFOs. -
7 health systems bucking the price transparency trend
Only 36 percent of 2,000 hospitals reviewed by patientrightsadvocate.org were compliant with federal price transparency rules, according to the organization's semi-annual report released July 20. -
1 MAP Award-winning hospital's keys to a high-performing revenue cycle department
Liberty (Mo.) Hospital was recently recognized again for high performance in revenue cycle, being named among 15 winners of the Healthcare Financial Management Association's 2023 MAP Award. The health system previously won the award in 2020. -
Bankruptcies hit healthcare hard
Healthcare bankruptcies have spiked this year as staffing shortages and climbing interest rates continue to challenge hospitals, health systems, physician staffing groups and other healthcare companies, according to Bloomberg. -
20 states with the highest percentage of price transparency compliant hospitals
A July 20 report from patientrightsadvocate.org found that 36 percent of the 2,000 hospitals reviewed are complying with the federal price transparency rule that went into effect in January 2021. -
Cash-strapped Colorado hospital struggling to remain open
Delta County (Colo.) Memorial Hospital is struggling to remain open after losing $30 million in the last four years and being forced to repay $7 million in advance Medicare money, The Daily Sentinel reported July 23. -
36% of hospitals complying with price transparency rule, survey finds
A PatientRightsAdvocate.org report published July 20 found that only 721 (36 percent) of the 2,000 hospitals examined were fully complying with the price transparency rule, up slightly from 24.5 percent compliance in February. -
'Stop wasting time, money, resources': Maximize high-cost hospital assets with AI
Want to use artificial intelligence-enabled platforms to reduce costs and improve patient satisfaction? Look no further than the high-value assets in your hospital that stand to make the most money — expensive assets including operating suites, robotic technology, MRI equipment and, yes, highly paid clinicians. -
AHA rejects study suggesting PHE funds overpaid hospitals
A recent study suggesting public health emergency funds overpaid hospitals during the COVID-19 pandemic paints an incomplete picture, the American Hospital Association alleged in a July 20 statement. -
Physician staffing groups succumb to financial pressures
Financial headwinds and macroeconomic pressures continue to hit physician staffing firms hard with one group filing for bankruptcy in May and another shutting down at the end of July. Both companies were backed by private equity firms. -
54 hospitals closing departments or ending services
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.
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