Today's Top 20 Health Finance Articles
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Some California hospitals fail to comply with charity care transparency law: report
In January, a law went into effect in California requiring hospitals to post their financial assistance policies on their websites. More than nine months later, some still had not complied, the Los Angeles Times reported Nov. 29. -
Mayo Clinic vs. Banner vs. SSM Health: How 3 health systems' finances compare in Q3
Rochester,Minn.-based Mayo Clinic reported a strong third-quarter operating margin despite widespread challenges, while Banner Health and SSM Health posted operating losses that were due in part to staff shortages, inflation, and increased labor and supply costs. -
Americans are curbing health spending as inflation rises. Here's how employers can help
Americans' health can be negatively affected by redirecting financial resources — a symptom of inflation that is on the rise, according to a Nov. 29 Harvard Business Review article. -
CHI St. Vincent lands record-breaking grant to address mortality rates
The Department of Health and Human Resources awarded CHI St. Vincent Hot Springs (Ark.) the largest grant it has ever received, The Sentinel-Record reported Nov. 29. -
Vermont hospitals care for patients who can't get into nursing homes, driving up costs
Staffing shortages in Vermont nursing homes are leading to rising costs for Vermont hospitals who are forced to care for patients turned away from nursing home facilities, Maine Public reported Nov. 29. -
UNC Southeastern reveals $74M loss in 'difficult' year
UNC Health Southeastern, which fully completed its transition under the Chapel Hill, N.C.-based UNC Health umbrella during fiscal year 2022, reported a $74 million loss for the period ending June 30, admitting the year had been "difficult" as it struggled to recover from the ongoing effects of the COVID-19 pandemic. -
Louisiana hospital taps CareCloud for revenue cycle management
Cornerstone Specialty Hospitals West Monroe (La.) has selected digital revenue company CareCloud to handle its revenue cycle management services. -
Viewpoint: Healthcare price transparency improvements in lawmakers' hands
When the next Congress begins its first session in January, it has the opportunity to strengthen healthcare price transparency laws, patientrightsadvocate.org founder Cynthia Fisher said in a Nov. 27 opinion piece in the Dallas Morning News. -
North Texas hospitals have a $38.4B economic impact, study finds
A Dallas-Fort Worth Hospital Council study found that healthcare has a $38.4 billion economic impact on the region, D Magazine reported Nov. 28. -
Hospitals, health systems see mergers as path to survival
Since 2005, 183 rural hospitals across 36 states have closed, leaving many people in those communities without timely access to essential medical services and often leading to a decline in the number of healthcare providers in those counties. -
When layoffs arrive 'quickly and less thoughtfully'
Layoffs can take two or three months when orchestrated well, but pressure to move quickly in a weakening economy can leave companies at odds with employees and at greater risk of giving improper notice, The Wall Street Journal reported Nov. 28. -
Shuttered Kansas hospital up for auction
Halstead (Kan.) Hospital, which closed 20 years ago, is up for auction with adjacent parcels of land and property, NBC affiliate KSNW reported Nov. 28. -
Advocate Aurora raises overnight stay prices up to 5.5% to battle expenses
Milwaukee and Downers Grove, Ill.-based Advocate Aurora Health is to increase the price of overnight patient stays at its Milwaukee locations by up to 5.5 percent to counter inflation and other pressures such as staffing costs, according to a Nov. 28 WTMJ report citing the Milwaukee Business Journal. -
5 health systems seeking revenue cycle vice presidents
Five health systems recently posted job listings seeking revenue cycle vice presidents. -
No Surprises Act disputes hit 'logjam' as lawsuit looms
The Texas Medical Association's lawsuit challenging the validity of the No Surprises Act's independent dispute resolution could increase an already lengthy backlog, Bloomberg Law reported Nov. 28. -
Montefiore reports 2nd straight loss as investment returns slump
New York City-based Montefiore Health System exacerbated losses in the first nine months of 2022 even as its operating revenues increased and expenses were largely stable. -
Retired executive decries Washington hospital's closure of outpatient rehabilitation clinic
Redge Campbell, former director of rehabilitation at Silverdale, Wash.-based Harrison Medical Center, wrote a Nov. 27 op-ed in the Kitsap Sun denouncing the closure of Silverdale, Wash.-based St. Michael Medical's outpatient rehabilitation center. -
Children's Minnesota's digital transformation is helping 'serve more patients in new ways,' CFO says
Hospitals and health systems across the country are doubling down on digital transformation efforts by creating new tools and launching innovative programs to improve workflows, boost efficiency and better serve patients where they are. -
Phoenix Children's reports $120M loss even as revenues stay strong
Phoenix Children's Hospital reported a nine-month loss of $120.5 million even as its revenues stayed robust and contributed to an overall positive operating income of $88 million. The overall decline was a result of investment challenges that resulted in $207.5 million of losses for the period ended Sept. 30. -
Viewpoint: Health systems 'gouging' Americans with anti-competitive practices
Hospitals and health systems are "gouging" Americans with their anti-competitive behaviors, and more steps must be taken to reverse such policies, especially at a time of rising inflation and economic pressures, experts said in a Nov. 28 opinion piece in The Hill.
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