Today's Top 20 Health Finance Articles
  • States increase pressure on nonprofit hospitals as charity care scrutinized

    More than a dozen states have considered or passed legislation to better define what charity care means, increasing the scrutiny on nonprofit hospitals and health systems, according to a July 11 KFF Health News report.
  • UPMC still investing for the long term, CFO says

    Despite the post-COVID-19 financial strain on hospitals, Pittsburgh-based UPMC is still investing in its long-term priorities, CFO Edward Karlovich told Lehigh Valley Business July 10.
  • 'Using the blue': How U of Kentucky helped boost a rural health system

    The closure of Ashland, Ky.-based Our Lady of Bellefonte Hospital in April 2020 left the city with only one health system — King's Daughters — but the University of Kentucky stepped in to help boost the hospital, Politico reported July 10. 
  • Becker's Health IT + Digital Health + Revenue Cycle Live Conference

    From cybersecurity to AI, consumerism & health equity — 240+ speakers at Becker's Health IT + Digital Health + RCM meeting will show how (and when) tech is the silver bullet. Join us this fall.
  • CFOs face worst job security in the C-Suite

    CFOs at the biggest U.S. listed companies lasted an average of 3.51 years in post between 2016 and 2021, the latest period for which official data exists, according to a recent analysis by DataRails.
  • 2 hospitals closing emergency departments

    In the last month, Becker's has reported on a Pennsylvania hospital that closed its emergency department and another hospital in Indiana that plans to follow suit:
  • Children's hospitals' financials stumble but remain relatively robust: Fitch

    While median cash flow metrics at the nation's children's hospitals may have declined to their lowest level in ten years, their median ratings are superior compared with acute care health systems, Fitch said in a July 10 report.
  • UPMC hospital scales back heart care

    UPMC McKeesport (Pa.) Hospital has ended emergency care for ST-segment elevation myocardial infarction (STEMI), which are generally the most severe and dangerous types of heart attacks, the Pittsburgh Post-Gazette reported July 10. 
  • The RCM trifecta: Offset workforce challenges, improve staff satisfaction and boost revenue

    RCM leaders on the biggest untapped opportunities for automation — join the live discussion here.
  • How Bristol Health plans to re-emerge: Q&A with CFO Tim Ajayi

    Bristol (Conn.) Health CFO, Tim Ajayi, addressed how the health system is dealing with sustained financial challenges and its future plans for growth in an interview with Becker's. The conversation follows a report of just under 17 days of cash on hand for the system, which operates 20 locations anchored by Bristol Hospital and employs almost 1,800 people.
  • Providers under pressure:  Behind the numbers 2024​

    The cost of treating patients is expected to rise 7% next year as providers seek rate increases to deal with higher expenses and prescription drug spending accelerates, according to PwC’s new report, Behind the Numbers 2024. To estimate the cost to treat patients for the coming year, PwC’s Health Research Institute surveyed and spoke with US health plans covering 100 million employer-sponsored large and small group members and 10 million Affordable Care Act (ACA) marketplace members. Here are some highlights of the report for the two major medical cost inflators and two major medical cost deflators cited by health plans:  
  • C-suite healthcare planning 'paralyzed by the tyranny of the urgent,' report says

    Short-term necessities are hindering any vital longer-term strategic planning for hospitals as they continue to soldier on against a backdrop of continuing financial challenges, according to The Keckley Report July 10.
  • Washington hit with $100M fine for alleged mental health failures

    The Washington Department of Social and Health Services faces a $100 million fine for allegedly not providing proper mental health services to individuals with severe mental illness in state prisons, The Chronicle reported July 9. 
  • HCA hospital to close psychiatric unit due to staff shortages

    Good Samaritan Hospital, operated by Nashville, Tenn.-based HCA Healthcare, plans to close the inpatient psychiatric facility at its Mission Oaks Hospital in Los Gatos, Calif., on Aug. 20, NBC reported July 10.
  • HHS launching investigation into medical credit cards

    Several federal agencies are investigating medical credit cards, which the Consumer Financial Protection Bureau has previously warned can leave consumers stuck with debt. 
  • Intermountain Health 'Aa1' ratings affirmed as operating margin improvement expected

    Salt Lake City-based Intermountain Health saw its robust credit ratings affirmed because of its strong market share and cash levels, Moody's said June 29.
  • CMS proposing $9B lump sum payment for unlawful 340B cuts

    CMS is proposing a $9 billion lump sum payment to hospitals participating in the 340B Drug Pricing Program to make them whole from unlawful payment cuts from 2018 to 2022.
  • New York system lays off 49, including 25 leaders

    Middletown, N.Y.-based Garnet Health on July 7 laid off 49 employees, including 25 leaders, to offset recent operating losses. 
  • PeaceHealth sees rating downgraded as operating challenges continue and recovery distant

    Vancouver, Wash.-based PeaceHealth saw its credit rating on a series of bonds downgraded to "A-" as it continues to face labor challenges and high average length-of-stay issues, S&P Global said July 7.
  • 8 health systems and their debt levels

    A number of health systems saw their debt levels detailed as various ratings agencies assessed their credit ratings in June. Here is a summary of some of those systems' debt levels.
  • Stanford Medicine reports $351M operating income

    Palo Alto, Calif.-based Stanford Medicine's operating income for the nine months ending May 31 was 24 percent above the same period in 2022, according to a July 7 filing.
  • $35M boost not enough, University Hospital in New Jersey says

    Lawmakers in New Jersey approved $35 million in additional funding for Newark-based University Hospital, but that is not nearly enough to cover redevelopment plans, NJ Spotlight News reported July 7.

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