Today's Top 20 Health Finance Articles
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How CHS, HCA, Tenet and UHS fared in Q2
Four major for-profit hospital operators posted mixed results for the second quarter of 2021.
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$100 cash incentive drives vaccinations at Louisiana hospital
North Oaks Health System in Hammond, La., saw a major uptick in patients signing up to get a COVID-19 vaccine after offering a $100 cash incentive, The Advocate reported July 29.
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Northwell loses COVID-19 coverage lawsuit
New Hyde Park, N.Y.-based Northwell Health is unable to collect insurance coverage for lost revenue and higher costs stemming from the COVID-19 pandemic, a New York federal judge ruled July 26.
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PE firm made $1.6B by selling LifePoint to fund it owns
Apollo Global Management, a New York City-based private equity firm, made a $1.6 billion gain by selling its stake in Brentwood, Tenn.-based LifePoint Health to itself, Bloomberg reported July 29.
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Infrastructure bill extends Medicare sequester, spares provider relief fund
Hospitals and physician groups successfully lobbied to exclude a clawback of billions in unspent provider relief funds as a financing source for the infrastructure bill, Bloomberg reported July 28.
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CHS profit plummets 91% in Q2
Franklin, Tenn.-based Community Health Systems, which operates 84 hospitals in 16 states, saw revenues increase in the second quarter of this year but ended the period with lower net income.
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Pandemic's cost effects could be felt for decades, Fitch says
The U.S. healthcare system may deal with the pandemic's cost effects for decades, according to a July 28 report from Fitch Ratings.
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10 hospitals seeking RCM talent
Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.
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20 hospitals laying off workers
The financial challenges caused by the COVID-19 pandemic forced hundreds of hospitals across the nation to furlough, lay off or reduce pay for workers, and others have had to scale back services or close.
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10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.
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8 recent hospital credit rating upgrades
At least eight hospital and health system credit rating downgrades and upgrades have occurred since Jan. 1.
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Biden's order won't derail Piedmont deal, University Health CEO says
A new executive order that targets healthcare consolidation won't derail a proposed merger with Piedmont Healthcare, Jim Davis, CEO of University Health Care System, told The Augusta Chronicle in a July 27 report.
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UHS sees profit climb to $325M, ups stock buyback program by $1B
King of Prussia, Pa.-based Universal Health Services saw its revenue, operating income and profit grow in the second quarter of 2021, compared to the same period last year, according to a July 26 financial report.
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7 hospitals outsourcing RCM functions
Several hospitals and health systems decided to outsource some finance jobs or other revenue cycle functions in 2021.
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New York hospital ordered to submit financial stability plan
A New York control board ordered the leaders of Nassau University Medical Center in East Meadow, N.Y., to file plans to address its financial woes, Newsday reported.
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Hackensack Meridian Mountainside gets new CFO
Yang Linda Chen is the new CFO of Hackensack Meridian Mountainside Medical Center in Glen Ridge, N.J., the company announced July 26.
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Viewpoint: CHS 'predatory billing' threatens public trust
Aggressive collection practices used by Community Health Systems could diminish trust in healthcare institutions, Marty Makary, MD, a professor at the Johns Hopkins School of Medicine and Bloomberg School of Public Health told NPR.
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Health systems vie for market share in East Georgia
Several health systems in Georgia are eyeing expansions east of Atlanta at the state's border with South Carolina, according to Fox 54.
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6 recent donations to hospitals, med schools
Here are six recent examples of hospitals and medical schools receiving donations to build new facilities, advance research and improve medical education.
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How data and vendor consolidation can help hospitals preserve revenue in the challenging post-COVID era
As revenue becomes more challenging to capture in a post-COVID environment, hospitals must streamline and consolidate data collection and vendor relationships to remain competitive.