Today's Top 20 Health Finance Articles
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California hospital adds retail space to bolster finances
Valley Children's Hospital in Madera, Calif., is bringing commercial real estate on campus to increase revenue — and quality of life for employees, ABC30 reported Oct. 11. -
85% of Washington hospitals report negative margins
While losses may have slowed slightly, hospitals in the state of Washington have reported an overall operating margin of -4.6% for the first half of 2023, an "unsustainable" level, according to the Washington State Hospital Association. -
ProMedica to close 2 home health sites, trim another
Toledo, Ohio-based ProMedica plans to close two home health locations and significantly scale back operations at a third as part of its strategy to exit the home healthcare business. -
Ascension to rebound from $3B loss, negative outlooks
St. Louis-based Ascension is focused on rebounding from a $3 billion operating loss (-5.6 percent operating margin) in fiscal year 2023 amid negative outlooks from two ratings agencies. -
Walgreens to cut $1B in costs, close 60 VillageMD sites
Walgreens is setting out to cut at least $1 billion in costs as it prepares to welcome its new CEO. -
Envision reorganizes, plans to emerge from bankruptcy in October
Nashville, Tenn.-based Envision Healthcare confirmed plans to split with AmSurg and reorganize as it emerges from bankruptcy. -
OhioHealth to focus on pillars of finance, culture, quality and service, CFO says
Columbus-based OhioHealth is an 18-hospital system with locations in urban, suburban and rural settings. Recently, the health system reported operating income of $303.7 million on revenue of $5.7 billion for the fiscal year ending June 30. -
1 in 4 healthcare workers feel uneasy about their company's finances
Twenty-six percent of healthcare employees aren't confident their organizations will look and run the same in two years, according to a LinkedIn poll conducted by Becker's. -
Adena's 'win-win' RCM partnership benefits health system and employees, CEO says
Healthcare is in a continuous state of flux, adapting to growing complexities, new technologies, evolving regulatory conditions and the surge of data. -
Hospital staff wages may be on the rise again
Hospital wage growth cooled mid-year after several months of high growth sparked by the pandemic, when talent was in short supply and demand was high, according to a report from Fitch. -
'An Amazon ecosystem of healthcare' — 5 takeaways on General Catalyst's spinoff
Marc Harrison, MD, former CEO of Salt Lake City-based Intermountain Health, will lead a new company spun out of a venture capital firm that aims to acquire and operate a health system. -
Sanders' hospital community benefit report 'just plain wrong,' AHA CEO says
Nonprofit hospitals more than earn their tax-exempt status by consistently providing community benefits, and to suggest otherwise is "just plain wrong," American Hospital Association CEO Rick Pollack said Oct. 10 in response to a new report from Sen. Bernie Sanders, I-Vt. -
Challenges and strategies: Retaining coverage during Medicaid Redetermination
Medicaid redetermination is impacting millions of Americans who have lost coverage, or who soon will. -
Allegheny Health payer-provider collab sees $17M payment spike in 1 year
Pittsburgh-based Allegheny Health Network's partnership with RCM and financial platform Cedar led to a $17 million increase in payments. -
Acquisitions + Epic: UK HealthCare's CFO on the year ahead
Craig Collins is the CFO of UK HealthCare, an academic health system based in Lexington, Ky. He recently connected with Becker's to share his highest priorities — and greatest foreseen challenges — for the coming fiscal year. -
U of Kentucky seeks $2B in bonding authority to expand hospital
Lexington-based University of Kentucky HealthCare is seeking $2 billion in bonding authority to finance the expansion of its Albert B. Chandler Hospital, The Lexington Times reported Oct. 10. -
Will employers put the squeeze on hospitals?
Commercial reimbursement is poised for a fade-out and corporate giants may ramp up their demands and scrutiny. Are hospitals and health systems ready? -
New York system unveils replacement for shuttered hospital
Nearly four months after Eastern Niagara Hospital in Lockport, N.Y., closed its doors, another hospital is celebrating opening day in the same city. -
Kuakini Health downgraded to 'CCC-' as liquidity remains 'extremely constrained'
Honolulu-based Kuakini Health System has been downgraded to "CCC-" amid a challenging operational environment and slower-than-expected progress in certain asset sales, S&P Global said Oct. 9. -
One Brooklyn Health hires lobbyists amid financial struggles, CEO ouster
Struggling One Brooklyn Health has hired multiple lobbyists to help ease its way out of a financial and existential crisis, sources have confirmed to Becker's.
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