Today's Top 20 Health Finance Articles
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What Bon Secours Mercy Health's CFO is optimistic about in 2024
From expanding Bon Secours Mercy Health's digital presence to improving cash flow and margins, here is what Deborah Bloomfield, PhD, the Cincinnati-based system's CFO, told Becker's she is most optimistic about in 2024: -
Regional West faces negative outlook despite improvements
Fitch Ratings has maintained the issuer default and bond ratings for Scottsbluff, Neb.-based Regional West Health Services at "BB-," but has lifted the ratings from rating watch negative and assigned a negative rating outlook, according to a Jan. 18 report from Fitch. -
There's a new financial 'talent hub' — and it's not New York
For finance experts looking for a place to launch, Dallas is the new New York, according to a recent report from Korn Ferry. -
Nurses to speak out against New York hospital maternity ward closure
New York State Nurses Association nurses who work at Smithtown, N.Y.-based St. Catherine of Siena Hospital will hold a town hall Jan. 18 to speak out against the hospital's Feb. 1 planned maternity ward closure. -
Financial pressures to drive health system M&A, even among strong hospitals
The number of financially distressed hospitals looking for a partner increased from 2022 to 2023, as financial pressures became a driving force in healthcare mergers and acquisitions last year, according to a Jan. 18 Kaufman Hall report. -
CFOs getting more CEO jobs
More CFOs are moving to CEO or president roles, but finance executives must be well-versed in what drives growth to find success in the corner office, Bloomberg reported Jan. 16. -
Rural New York hospital going emergency only
Clifton-Fine Hospital, a 20-bed critical access facility in Star Lake, N.Y., plans to convert into a rural emergency hospital, wwnytv.com reported Jan. 17. -
Central Maine Healthcare to sell buildings amid layoffs, service cuts
Lewiston-based Central Maine Healthcare plans to sell two of its Lewiston buildings to combat financial challenges brought on by the pandemic, the Sun Journal reported Jan. 17. -
R1 RCM completes acquisition of Providence's Acclara
R1 RCM completed its acquisition of revenue cycle management company Acclara from Renton, Wash.-based Providence. -
'A step in the right direction': Payer, provider groups weigh in on new prior authorization rule
CMS finalized a rule Jan. 17 aiming to streamline the prior authorization process and improve the electronic exchange of health information that it estimates will save $15 billion over 10 years. -
'Not merely a cost-cutting exercise': University Hospitals' Medicare Breakeven project off to impressive start
Hospitals and health systems are facing a new existential challenge that puts their financial stability at risk: sustained and significant increases in the costs required to care for patients and communities, according to the American Hospital Association. -
New York may stop hospitals from suing patients for medical debt
New York Gov. Kathy Hochul proposed halting a policy requiring state-owned hospitals to file lawsuits against patients over medical debt, according to Syracuse.com. -
15 emerging RCM vendors, per KLAS
KLAS named 15 revenue cycle and operations companies among its emerging healthcare IT vendors for 2024. -
World's 1st trillionaire less than 10 years away
The world's first trillionaire will emerge within a decade, Oxfam International predicts. -
UPMC, Washington Health deal jumps through more hoops
Pennsylvania Attorney General Michelle Henry has planned a public hearing for the afternoon of Jan. 18 to take comments regarding Pittsburgh-based UPMC's planned merger with Washington (Pa.) Health System, the Pittsburgh Post-Gazette reported Jan. 17. -
CMS finalizes prior authorization rule expected to save $15B
CMS has finalized a rule to streamline the prior authorization process and improve the electronic exchange of health information that it estimates will save $15 billion over 10 years. -
California health system turning competitors into partners
Escondido, Calif.-based Palomar Health has had a challenging few years, President and CEO Diane Hansen told Becker's. But there are exciting plans ahead with the opportunity for new and unique partnerships. -
Look to reimbursement to ease pediatrician shortages, UChicago leader says
As healthcare staffing shortages persist, one specialty that continues to feel the scarcity is pediatrics. -
Central Maine Healthcare cuts 45 jobs
Lewiston-based Central Maine Healthcare is laying off 45 employees as part of management reorganization. -
Florida hospital cuts ER airlift service, conducts layoffs
Lewisville, Texas-based Med-Trans, a medical transport provider, closed its UF Health ShandsCair base serving Gainesville, Fla.-based UF Health Shands Hospital on Jan. 10 due to decreased transportation demands.
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