Today's Top 20 Health Finance Articles
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Hospital cuts continue amid dwindling cash reserves
The wealthiest hospitals in the U.S. largely emerged from the pandemic strained but still financially sound, while solo hospital operators or small health systems that entered the pandemic with less cash reserves are increasingly in trouble with lenders, according to The Wall Street Journal. -
OHSU $4.9B budget approved as capital plans continue
Oregon Health & Science University's board has adopted a break-even operating budget for its fiscal year starting July 1, according to a June 23 release. -
State takeover floated to prevent Massachusetts hospital closures
Massachusetts lawmakers are considering a bill that would allow the state to temporarily take control of a hospital that wants to end essential services, NPR affiliate WGBH reported July 6. -
Former CHS-owned Arkansas hospital officially opens doors as nonprofit
El Dorado-based South Arkansas Regional Hospital began its life as a nonprofit entity July 1 when services officially began to be offered, according to a July 6 Magnolia Report article. -
Kootenai Health on track to complete nonprofit conversion by Dec. 31
Officials for Coeur d'Alene, Idaho-based Kootenai Health said the health system is on track to complete its conversion from a public health system to a private nonprofit entity by the end of the year, the Coeur d'Alene Press reported July 6. -
Healthcare may be entering a period of stabilization after crisis mode of recent years: Kaufman Hall
If 2022 was the worst year for hospitals and health systems since the start of the pandemic, 2023 is showing signs of growing stabilization as operating margins inch up. -
Georgia cancer treatment center engages consultants, wants to hire CFO
The only proton therapy center in Georgia, and one of only 36 in the nation, has engaged consultants to provide "interim administrative and operational management services" as well as accounting and finance management, according to a July 6 filing. -
New York City's new healthcare accountability office: 4 things to know
New York City Mayor Eric Adams on June 23 signed a bill establishing the country's first healthcare accountability office. Here are four things to know about the new office: -
5 reasons site-neutral pay proposals should be rejected: AHA
Site-neutral payments aim to charge the same wherever a service is provided. Hospitals are unfairly treated as a result of such payments because of the unique services they provide, according to Rick Pollack, CEO of the American Hospital Association. -
'I did not come here for the hospital to close': Steward hospital CEO bullish on survival
Dallas-based Steward Health Care closed a hospital in Texas this year and threatened to close another in Pennsylvania before selling it in 2020. Stan McLaren, CEO of Carney Hospital in Dorchester, Mass., another Steward hospital, remains bullish about survival despite ongoing financial challenges, according to The Bay State Banner. -
Paychecks late at Mississippi hospital
Employees of a Mississippi hospital recently saw their paychecks delayed, Greenville, Miss.-based Delta Health System confirmed to Becker's. -
6 health systems seeking revenue cycle vice presidents
Six health systems recently posted job listings seeking revenue cycle vice presidents. -
Arkansas hospital files underpayment complaint against UnitedHealthcare
Howard Memorial Hospital in Nashville, Ark., has filed a complaint against UnitedHealthcare's Medicare Advantage program alleging that the insurer had not been paying the hospital according to their contract, Southwest Arkansas Radio reported July 5. -
Tenet-owned Detroit children's hospital to receive $5M state grant
For-profit Detroit Medical Center Children's Hospital was among the beneficiaries of an approved Michigan $82 billion budget that includes more than $900 million in so-called pet projects, The Detroit News reported July 2. -
Arkansas health system breaks with UnitedHealthcare over reimbursement rates
More than 250 physicians and healthcare providers are now out of network with UnitedHealthcare in Conway, Ark., and Central Arkansas, according to a July 5 Arkansas Money and Politics report. -
South Dakota expands Medicaid to 52,000 residents
South Dakota has expanded Medicaid under the Affordable Care Act, resulting in new eligibility for health coverage for about 52,000 residents of the state, including many members of South Dakota tribes, according to CMS. -
Cleveland Clinic ups credit line to $250M
The Cleveland Clinic Foundation has increased an existing credit agreement to $250 million, according to a July 5 filing. -
Maryland hospitals will be fined for not reimbursing patients eligible for free care
Hospitals in Maryland must now reimburse patients who were eligible for free care or face a fine of up to $50,000 per violation. -
CMS floats 2.2% cut to home health payments in 2024
CMS has proposed a 2.2 percent pay cut for home health providers next year, or an estimated $375 million less than 2023 levels. -
U of Vermont Medical Center downgraded after years of weak operating numbers
While management efforts to reverse the trend are likely to lead to eventual recovery, several years of weak operating results saw the University of Vermont Medical Center downgraded to "A," Fitch Ratings said June 30.
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