Today's Top 20 Health Finance Articles
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Tenet Q3 net income dips to $101M
Dallas-based Tenet Healthcare reported net income of $101 million — a 23% decline year over year —in the third quarter of 2023 on revenue of $5.1 billion. -
Oklahoma hospital reopens after 10 months
After a 10 month closure, Clinton (Okla.) Regional Hospital has reopened its doors under new management, local news outlet NonDoc reported Oct. 30. -
HSHS hospital gets critical access designation
HSHS Good Shepherd Hospital in Shelbyville, Ill., has been designated as a critical access hospital, ABC affiliate News Channel 20 reported Oct. 30. -
HHS proposes rules to curb information blocking
Incentives to refrain from information blocking — the deliberate interference with electronic health information — have been proposed by HHS. -
Meet Waystar's executive officers
Waystar, a healthcare payment technology provider, filed for a proposed IPO Oct. 16. -
Lehigh Valley Health eliminates approximately 240 positions
Allentown, Pa.-based Lehigh Valley Health Network said approximately 240 positions have been eliminated as part of restructuring. -
Temple University Health sees $7.4M loss from hospital acquisition
Philadelphia-based Temple University Health System was the lead buyer of the city's Chestnut Hill Hospital when the purchase closed Jan. 1. -
CMS' CFO on the agency's 'true north star'
Megan Worstell is CMS' CFO and director of the office of financial management and has worked for the agency for more than 22 years. -
The biggest financial challenges hospital execs are facing
Health system CFOs told Becker's that increasing costs followed by reimbursement rates that aren't budging remains a massive source of financial pressure on hospitals. -
Indiana lawmakers form task force to tackle spiraling hospital costs
Indiana state representatives are forming a task force in a bid to lower escalating healthcare costs in the state, one of the most expensive places in the country for healthcare, according to an Oct. 27 report from 14 News. -
Local governments look to revive shuttered hospitals
Local governments across the country have set their sights on closed hospitals in an effort to keep care close to home. -
MSU, Henry Ford combine to open 6 new medical departments
Detroit-based Henry Ford Health has extended its partnership with Michigan State University with a plan to open six new departments at the school's Grand Rapids-based MSU College of Human Medicine. -
CHS contract labor costs down $18M in Q3
Franklin, Tenn.-based Community Health Systems leaders said strong nurse recruitment and retention helped drive down contractor labor costs in the third quarter of 2023. -
Pennsylvania system reports $71M net income as operating gains continue
Bethlehem, Pa.-based St. Luke's Health has reported operating income of $64 million for fiscal 2023 as its revenue topped $3.2 billion. -
Mount Sinai plans to close Beth Israel in July
New York City-based Mount Sinai Health has proposed a July 12 closure date for its Beth Israel campus. -
CHS CFO 'increasingly confident' in modernization effort
Community Health Systems kicked off its enterprisewide modernization and optimization initiative dubbed Project Empower, and CFO Kevin Hammons said the organization is pleased with the early results. -
CHS revenue broken down by payer
Franklin, Tenn.-based Community Health Systems reported a $91 million net loss in the third quarter of 2023, down from a net loss of $42 million over the same period last year. Among the financial challenges CHS officials pointed to was unfavorable changes in payer mix. -
HCA, AdventHealth ER battle drags on
Altamonte Springs, Fla.-based AdventHealth aims to curtail HCA Healthcare's growth in Western North Carolina, appealing another one of Mission Health's certificate-of-need applications for a freestanding emergency department, the Citizen Times reported Oct. 26. -
Merging Essentia Health barely breaks even as expenses top $2.7B
Rising expenses at Duluth, Minn.-based Essentia Health caused the health system to just about break even in fiscal 2023 even as revenues rose to $2.8 billion. -
Luminis Health downgraded as operating performance remains pressured
Annapolis, Md.-based Luminis Health was downgraded from "A" to "A-" amid "consistently negative operating performance and modest cash flow," according to S&P Global in an Oct. 25 report.
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