New research of over 300 documents reveals a mixed bag of evidence surrounding the controversial 340B Drug Pricing Program's impact on the U.S. healthcare system, a study published Nov. 22 in JAMA Health Forum found.

Irving, Texas-based Christus Health, a 60-hospital system, reported $324.5 million in operating income (4.2% margin) in fiscal year 2023, which ended June 30, up from a $286.4 million operating gain (3.9% margin) in the previous fiscal year. 

Sayre, Pa.-based the Guthrie Clinic is moving to the previous Tyler Memorial Hospital location to ensure accessible outpatient health care services.

Valparaiso, Ind.-based Northwest Health will close two of its urgent care clinics in Portage and Valparaiso on Dec. 1, Hometown News Now reported Nov. 28.

New York City-based Montefiore Health System saw its operating margins improve to -0.5% for the nine months ending Sept. 30 —- up from -2.6% for the same period last year, according to financial documents published Nov. 28. 

In a bid to overcome continued financial setbacks, Greenwood (Miss.) Leflore Hospital could begin receiving over $10 million in extra Medicaid supplement payments annually, the hospital's interim CEO, Gary Marchand, told Becker's. 

Watsonville (Calif.) Community Hospital could be on the upcoming March 5 primary ballot for a $116 million bond measure approval, the Santa Cruz Sentinel reported Nov. 27. 

Since 2005, 104 rural hospitals have closed and more than 600 additional rural hospitals — 30% of all rural hospitals in the U.S. — are at risk of closing in the near future, according to the Center for Healthcare Quality and Payment Reform. 

Becker's reported on three health systems that have opted to outsource revenue cycle management functions to Optum in 2023: 

Hospitals' median operating margin was 1.2% through October, marking the third straight month with the same year-to-date median and signaling growing stability. 

After laying off 75 workers and eliminating 100 job vacancies in June, Dartmouth Health confirmed through a spokesperson that the health system has "currently no plans for additional layoffs to improve our financial performance," Valley News reported Nov. 27.

The North Carolina Department of Health and Human Services is distributing $2.6 billion to 102 hospitals as the state is set to begin its Medicaid expansion program Dec. 1. 

A survey revealed the vast majority of CFOs working for private-equity portfolio companies are worried about their job security, The Wall Street Journal reported Nov. 27. 

The American Hospital Association is throwing support behind the Assistance for Rural Community Hospitals Act, which would extend for five additional years the Medicare-dependent hospital program and enhanced low-volume Medicare adjustment.

Gardner, Mass.-based Heywood Urgent Care Center is closing to the general public after its parent company, Heywood Healthcare, filed for bankruptcy in October, The Gardner News reported Nov. 27. 

Hershey, Pa.-based Penn State Health saw a financial loss of $160 million on revenues of $3.8 billion in fiscal year 2023, which ended June 30, the five-hospital system announced in a recent press release.

Houston-based Nutex Health, a micro-hospital network, has received a letter granting a 180-day extension to display compliance with Nasdaq's $1 minimum bid requirement.

As the rural maternity care crisis roars on, a northwest Connecticut-based hospital could soon be shutting down their birthing unit, CT Insider reported on Nov. 27.

West Reading, Pa.-based Tower Health continues to make progress on its performance improvement plan as its operating margin for the three months ended Sept. 30 rose to -4.2% from -8% during the same period in 2022. Its operating cash flow margin also increased from -0.9% to 2.3%. 

Pittsburgh-based UPMC reported a $177 million loss on revenues of $20.6 billion for the nine months ending Sept. 30, compared with a $196 million gain on revenues of $18.9 billion during the same period in 2022.