Today's Top 20 Health Finance Articles
-
California hospital drops $19M bond restructuring request
Oroville (Calif.) Hospital has dropped a request to restructure $19.6 million in bonds that were going to be used for new medical equipment, software and a telephone system, the Enterprise-Record reported Oct. 10. -
2 hospital closures in 3 days
Two rural community hospitals will be locking their doors between Oct. 9 and Oct. 12, citing wilting demand and unsustainable financial situations. -
Kaiser to cut dozens of jobs in California
Kaiser Foundation Hospitals has revealed plans to cut jobs in two East Bay cities and in Southern California, according to WARN notices filed in the state. -
Kansas hospital abruptly closes
Herington (Kan.) Hospital, a 25-bed critical access facility, closed its doors Oct. 9, local station WIBW reported. -
Yale New Haven hospital targets have negative days' cash on hand, report shows
Three Connecticut hospitals that are the target of Yale New Haven (Conn.) Health either have negative or near negative days' cash on hand, according to a September 2023 report. -
How to avoid a revenue dip after switching EHRs, according to 1 former health system IT director
New health system EHR implementations are constantly occurring, but that switch could come at a heavy price without a detailed plan in place. -
Trinity to launch Medicare Advantage plan in Michigan
Livonia, Mich.-based Trinity Health is entering the Medicare Advantage market in Michigan for 2024. -
Atlanta mayor wants longer redevelopment ban for shuttered Wellstar hospital
The mayor of Atlanta is looking to extend the city's redevelopment ban on the shuttered Atlanta Medical Center through April 2024, The Atlanta Journal-Constitution reported Oct. 6. -
Wellstar Health reports $210M operating gain
Marietta, Ga.-based Wellstar Health, which has now absorbed Augusta (Ga.) University Health to form a combined 12-hospital system, reported operating income of $210.5 million for the fiscal year ending June 30. -
What 1 health system CFO prioritizes in a growing market
Lisa Montman, CFO of Scottsdale, Ariz.-based HonorHealth, has the advantage of working in a high-growth healthcare market. But that doesn't insulate the system from every financial challenge. -
Where hospital profitability is trending up
Hospitals have had a rough year financially, but things may be looking up. -
Merging St. Luke's downgraded amid worsening reserve levels
St. Luke's Duluth (Minn.) saw its long-term rating on a series of bonds lowered to "BB+" from "BBB-" amid weaker balance sheet metrics, S&P Global said Oct. 5. -
MultiCare Health downgraded; 2nd revision in a week
Tacoma, Wash.-based MultiCare Health System had ratings on a series of bonds downgraded to "A" from "A+" on Oct. 5 amid balance sheet deterioration, S&P Global said. -
Hospitals' big capital projects are back
Hospitals and health systems that put large capital projects on hold during the pandemic are revisiting them, and in some cases diving back into large brick-and-mortar investments as margins improve ever so slightly. -
6 systems and their debt levels
More health systems revealed their debt levels as second-quarter and full fiscal year results were reported in September. Some of the information below on such debt levels is also taken from credit rating reports. -
8 health systems outsourcing RCM functions
Becker's has reported on eight health systems that have opted to outsource finance jobs or other revenue cycle functions in 2023: -
Texas hospital to close
St. Mark's Medical Center in La Grange, Texas, will shutter Oct. 12 after unsuccessful efforts to satisfy its financial obligations. -
72 hospitals closing departments or ending services
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages. -
Ascension could face downgrade amid 'persistent' operating losses
St. Louis-based Ascension, one of the largest hospital systems in the country, had "AA+" ratings confirmed but remains in danger of being downgraded as operating losses persist, S&P Global said Oct. 4. -
Tower Health downgraded for 2nd time in weeks
West Reading, Pa.-based Tower Health had its long-term rating downgraded two notches to "CCC+" from "B" amid "significant ongoing operating losses," S&P Global said Oct. 4.
Page 46 of 50