Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.

Mayo Clinic on Dec. 12 will permanently close its clinic at Ridgeview (Minn.) Le Sueur Campus, according to The Mankato Free Press.

Two Alabama hospitals will stop providing maternity care at the end of October, with another following suit a few weeks later, NBC reported Oct. 15. 

Shawn Guertin, CVS Health CFO and President of Health Services, is taking a leave of absence from his role for family reasons. The company said Oct. 16 it is appointing two leaders to take on his divided role. 

Rite Aid is filing for Chapter 11 bankruptcy protection and has a new CEO to lead it through the turnaround, the U.S. drugstore chain announced Oct. 15. 

Here is a summary of recent credit downgrades and outlook revisions for hospitals and health systems. The most recent ones are those reported on since the last summary Sept. 29.

Altamonte Springs, Fla.-based AdventHealth has joined forces with Wellvana Health, a value-based care startup, to improve outcomes, reduce the cost of care and increase access for its primary care patients. 

Memphis, Tenn.-based Methodist Le Bonheur Healthcare was downgraded to "A+" from "AA-" amid persistent financial challenges that could give rise to a potential future default, S&P Global said Oct. 13.

ProMedica Coldwater (Mich.) Hospital agreed to an early cancellation and pay off of its bonds with the county, a deal that could expedite its sale to Glendale, Calif.-based American Healthcare Systems, The Daily Reporter reported Oct. 13. 

Southern states have higher shares of residents with outstanding medical debt than states in other parts of the country, according to a recent analysis from Anidjar & Levine. 

The devastating effects of the COVID-19 pandemic have hospital executives planning for the next crisis. Hospital CFOs told Becker's that they are focusing on improving their balance sheets and re-evaluating their supply chain exposure to prepare for the next unforeseen event.

The bottom line is how to improve the bottom line.

John Mordach is eight months into his role as CFO of Philadelphia-based Jefferson Health, an 18-hospital system that includes Thomas Jefferson University and Health Partners Plans.

The family of retired Olympian gymnast Mary Lou Retton turned to crowdfunding to cover her hospital expenses for a rare pneumonia, noting that the sports icon is uninsured. 

Health systems face continued weak margins, high expenses and low reimbursements for the next year, which means CFOs, COOs and revenue cycle leaders are thinking differently about their strategy for financial stability.

Pittsburgh-based UPMC is working with Italian foundation Ri.MED to open a biomedical research center in Sicily that will employ about 600 people, including 60 investigators, the Pittsburgh Business Times reported Oct. 12. 

Essential hospitals, which comprise more than 300 of the largest safety net providers and about 5 percent of acute-care hospitals in the U.S., provided over 25 percent of all charity care in 2021, according to an Oct. 12 report from America's Essential Hospitals.

Hayti, Mo.-based Pemiscot Memorial Health Systems plans to lay off 10 employees — 10 percent of its workforce — due to challenges including excess staffing and reduced patient volumes, K8 News reported Oct. 12. 

Chicago-based CommonSpirit, one of the largest nonprofit health systems in the country, is undergoing a "comprehensive portfolio review" as it reorganizes into fewer geographical regions, its CFO told an investor call Oct. 12.

Yale New Haven (Conn.) Health and Hartford (Conn.) HealthCare collectively raked in $11.5 billion in operating revenue during the 2022 fiscal year, and they continue to be leaders in the state's market, Hartford Business reported Oct. 10.