Today's Top 20 Health Finance Articles
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Hospitals' bottom lines swell after staffing strategy overhauls
Nurse, physician and administrative staff shortages have led to expensive contract labor, overworked staff and under-resourced hospitals. C-suite executives across the board are redesigning recruitment and retention efforts for clinical and administrative staff, ideally leading to less turnover and better quality of care. -
Odds of federal shutdown grow: 5 updates
The federal government started notifying employees Sept. 28 that a shutdown may be imminent due to the ongoing gridlock in Congress regarding funding bills, The Washington Post reported. -
Public Florida system weighs going private
Fort Myers, Fla.-based Lee Health, a public nonprofit health system, is considering returning to its private roots. -
Hospital Sisters Health annual contract labor costs down 43%
Springfield, Ill.-based Hospital Sisters Health said it reduced contract labor costs by $56.2 million, or 43.4 percent, to $73.2 million when it reported financial results for the fiscal year ending June 30. -
Hospital margins at 1.4% in August as outpatient volumes increase
Hospital median operating margins rose to 1.4 percent in August, the sixth straight month of positive results, Syntellis said in its latest monthly benchmark report. -
North Carolina hospital to end labor, delivery services
Dunn, N.C.-based Betsy Johnson Hospital, part of two-hospital system Harnett Health, will end labor and delivery services Oct. 15. -
IU Health to lay off 84
Indianapolis-based IU Health confirmed it is laying off 84 employees from its Blackford Hospital because of declining patient volumes. -
Hospitals' rocky road to recovery
Many healthcare leaders have said that 2022 was among the most financially challenging years hospitals and health systems have had to face, and that recovery remains challenging, according to a Sept. 27 report from the American Hospital Association. -
Bon Secours Mercy Health's 3 ACOS created $66.3M in Medicare savings
Cincinnati-based Bon Secours Mercy Health's three accountable care organizations created $66.3 million in total savings in 2022, according to a Sept. 27 health system news release. -
Hospitals are dropping Medicare Advantage plans left and right
Medicare Advantage provides health coverage to more than half of the nation's seniors, but a growing number of hospitals and health systems nationwide are pushing back and dropping some or all contracts with the private plans altogether. -
Louisiana's 1st microhospital to close
Avail Hospital Lake Charles (La.) will permanently close Sept. 29, the microhospital announced in an American Press advertisement. -
Michigan system to scale back care at rural hospitals
Munson Healthcare, an eight-hospital system, has unveiled a three-year "transformation plan" that will reduce inpatient services in rural areas and increase services at its hospital in Traverse City, Mich., upnorthlive.com reported Sept. 27. -
$3M lifeline for Greenwood Leflore as supervisors reverse course
Cash-strapped Greenwood (Miss.) Leflore Hospital is to receive a $3 million lifeline in funds after the county board of supervisors reversed a previous decision not to allow the hospital to draw down on a line of credit, according to a Sept. 26 Mississippi Today report. -
Employed women's out-of-pocket health costs $15.4B higher than men's
Although employed men and women tend to purchase the same health insurance plans, they do not receive the same coverage, according to a Sept. 26 analysis from Deloitte. -
Providence adopts patient financial communications best practices
Renton, Wash.-based Providence has been recognized as an adopter of the Healthcare Financial Management Association's patient financial communications best practices, which aims to provide consistency, timeliness and clarity to a confusing process. -
How leaders are improving RCM analytics
Supporting internal processes with increased staff is the top way providers are planning to improve revenue cycle management analytics, according to a report from Plutus Health. -
Connecticut hospitals' closure possible if Yale sale isn't approved, execs say
Justin Lundbye, MD, CEO of Waterbury (Conn.) Hospital, and Deborah Weymouth, president and CEO of Eastern Connecticut Health Network in Manchester, asked lawmakers to accelerate approvals for a planned sale from Prospect Medical to Yale New Haven (Conn.) Health, according to a report from CT Mirror. -
JPMorgan, Blackstone back newly merged $3B 'health platform-as-a-service' company
HealthComp and Virgin Pulse aim to combine in a $3 billion deal to create a single technology platform allowing patients and employers to manage health plans, according to The Wall Street Journal. -
Viewpoint: As Idaho's population grows, hospitals need more support from lawmakers
Hospitals in Idaho may be creating increasingly coordinated healthcare models to curb rising costs and catch health issues earlier, but they are not receiving enough support from lawmakers, according to the Idaho Hospital Association. -
The secret sauce to a high-performing revenue cycle
Houston-based MD Anderson University of Texas MD Anderson Cancer Center and Columbus-based OhioHealth are consistent winners of the Healthcare Financial Management Association's MAP award. Revenue cycle leaders shared with Becker's a common thread to their success: their people.
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