Today's Top 20 Health Finance Articles
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UPMC hospital reports record $723M in revenue
Erie, Pa.-based UPMC Hamot saw a record $723 million in revenue for 2022, powered by a 6 percent jump in outpatient revenue, goerie.com reported April 26. -
Overall excellence will offset Mayo Clinic's weaker operating performance in next years, agencies say
While its relatively weaker operating performance may continue in the shorter-term, Rochester, Minn.-based Mayo Clinic has had its long-term ratings affirmed because of its excellent reputation in overall health services, both S&P Global and Moody's said. -
2 hospitals fined for price transparency violations
CMS has issued fines to two hospitals for alleged price transparency violations. -
Nickel and diming doesn't have a place in payer negotiations, UHS chief says
King of Prussia, Pa.-based Universal Health Systems' president and CEO, Marc Miller, said insurance companies cannot continue to "nickel and dime" health systems if the industry as a whole is to benefit. -
ProMedica reports $541M negative operating swing in 2022
Toledo, Ohio-based ProMedica Health reported a 2022 operating loss of $399.2 million as revenues slumped 22 percent year over year. -
Rural Texas hospital applies for emergency designation
Anson (Texas) General Hospital has become the third hospital in the state to apply for Rural Emergency Hospital status with CMS, local news outlet KTAB reported April 25. -
Atrium Health reports $105M operating loss in 2022
Charlotte, N.C.-based Atrium Health reported a $105.2 million 2022 operating loss — compared with a $311 million gain in 2021. -
Cash-strapped California hospital's mediation ends with critical issues unresolved
Hollister, Calif.-based Hazel Hawkins Memorial Hospital, along with the San Benito Health Care District, said a confidential stakeholder mediation process it entered with stakeholders in February has concluded, but the results "failed to resolve several critical issues" affecting the cash-strapped hospital. -
2 hospital bankruptcies in 2023
Two hospitals have filed for bankruptcy so far in 2023, and both are located in California. -
Indiana system freezes hiring, will reduce pay for workers
South Bend, Ind.-based Beacon Health System has instituted a hiring freeze and will reduce hourly pay for many contracted workers, according to an internal letter sent to staff obtained by NPR member station WVPE. -
Strategies to solve today's workforce and RCM challenges
Healthcare organizations continue to face tough economic conditions. In January 2023, hospitals' patient volumes and revenues were down, while expenses — especially for labor — were on the rise. -
5 HCA execs' stock transactions
Nashville, Tenn.-based HCA Healthcare is the largest hospital operator in the country and recently reported a first-quarter net income of $1.36 billion. -
UHS reports Q1 net income of $163.1M; expenses a continued challenge
King of Prussia, Pa.-based Universal Health Services, one of the largest for-profit health systems in the nation, reported net income of $163.1 million in the first quarter of 2023 versus $153.9 million in the same period in 2022. -
Avera Health reports $13M operating loss, overall profit
Sioux Falls, S.D.-based Avera Health reported an operating loss of $13.3 million for the nine months ending March 31. -
Conifer, Welldoc partner on health app
Conifer Health Solutions and digital health company Welldoc are partnering on a personalized digital health app called Conifer Connect. -
Ballad Health extends $30M credit line, reports Q1 operating loss of $18.5M
Johnson City, Tenn.-based Ballad Health has extended a $30 million line of credit for another year, according to an April 25 filing. -
9 health systems seeking revenue cycle vice presidents
Nine health systems recently posted job listings seeking revenue cycle vice presidents. -
NYU Langone registers $553.4M operating income in last 2 years
New York City-based NYU Langone Hospitals has reported operating income of $299.7 million for the six months ended Feb. 28, according to an April 24 filing. That compares with $253.7 million for the same period in 2022. -
Cleveland approves debt relief plan for 50,000 residents
Cleveland City Council approved a plan to partner with RIP Medical Debt to erase the medical debts of about 50,000 residents, Fox affiliate WJW reported April 24. -
Ventra Health names CFO
Revenue cycle management company Ventra Health has named David Scharfstein CFO.
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