Today's Top 20 Health Finance Articles
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Oroville Hospital requests multiple waivers as capital project nears completion
Orovillle (Calif.) Hospital, which is nearing the completion of a controversial $178 million capital project, is requesting four separate waivers as it struggles to maintain certain debt obligations, according to a Nov. 7 filing. -
Uncompensated care to be fully funded by operating revenues, Florida CFO says
Hollywood, Fla.-based Memorial Healthcare System will be fully funding its uncompensated care from its operating revenues in fiscal 2024, its CFO told Becker's. -
Partners are the 'wave of the future,' says U of Iowa Heath Care CFO
University of Iowa Health Care CFO Mark Henrichs is focused on sustainable growth and efficiency benchmarking. -
7 Optum-owned clinics shuttered in Florida, Minnesota
Seven MedExpress Urgent Care clinics have closed their doors in Florida and Minnesota. -
States ranked by annual Medicaid DSH payments
New York spends the most on Medicaid disproportionate share hospital payments annually, according to data published in November by KFF. -
Hospital cash flow, margins to surge in 2024: Moody's
The median operating cash flow and margins are expected to improve next year for most nonprofit hospitals, according to a Nov. 7 report from Moody's Investor Services. -
When health system mergers fall through
Central New Jersey is a big pond, and Saint Peter's Healthcare System is not exactly a big fish. -
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs. -
$1.8B in ProMedica bonds taken off negative watch following sale
Toledo, Ohio-based ProMedica had a rating watch negative grade removed on $1.8 billion of bonds, Fitch said Nov. 7. The overall rating for the 12-hospital system was affirmed at "BB-." -
S&P Global withdraws Oroville Hospital rating at system's request
Oroville (Calif.) Hospital has had its "B" credit rating withdrawn by S&P Global after a request from the system's management to do so, according to a Nov. 7 filing. -
Negative operating margin to persist at newly merged Pennsylvania system
The good news for Butler (Pa.) Health is that operating margins in fiscal 2024 are expected to improve. The bad news is that such margins are still forecast to be in the red. -
Inside the strategies of University Hospitals' incoming CFO
Bradley Bond will step into the role of University Hospitals CFO early next year, and he will do so during what he considers the most challenging healthcare environment he has seen in his more than 20 years with the Cleveland-based system. It is a challenge he said he is eager to tackle. -
New Jersey officials sound alarm on hospital's finances
The New Jersey Department of Health has warned lawmakers that CarePoint Health's Hoboken University Medical Center has been operating at a significant loss this year and has less than a month of cash on hand. -
7 health systems seeking revenue cycle vice presidents
Seven hospitals and health systems recently posted job listings seeking revenue cycle vice presidents. -
HCA board member named CFO of Disney
Hugh Johnston, a member of the board of Nashville, Tenn.-based HCA Healthcare, has been named CFO of the Walt Disney Co. -
UCHealth reports 3rd straight year of positive operating income on $7B revenue
Aurora, Colo.-based UCHealth, which said Nov. 2 it will close the acquisition of Pueblo, Colo.-based Parkview Health Dec. 1, has reported an operating income of $331.7 million for the fiscal year ended June 30. -
Missouri hospital opts not to release records after layoffs, losses
Columbia, Mo.-based Boone Health is declining to release further financial records after losing $112 million since becoming an independent community hospital in 2021 and cutting services, the Columbia Missourian reported Nov. 6. -
8 health systems' debt levels
For-profit health companies reported third-quarter results during October, revealing their debt levels as they did so. Here are some details on such systems' debt levels as well as nonprofits that have reported debt amounts through such sources as credit agencies. -
Envision eliminates 70% of debt, completes financial restructuring
Nashville, Tenn.-based Envision Healthcare emerged from financial reorganization quite a bit lighter and ready for growth, according to a company news release. -
Kaiser posts $239M net income, grows to 40 hospitals in Q3
Oakland, Calif.-based Kaiser Permanente reported $156 million in operating income (0.6% margin) for the third quarter, up from a $75 million operating loss (-0.3% margin) in the third quarter of 2022.
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