Today's Top 20 Health Finance Stories
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Moody's affirms 'Baa1' on Charleston Area Medical Center, maintains negative outlook
Moody's Investors Service affirmed its "Baa1" rating on Charleston (W.Va.) Area Medical Center, affecting $262 million of outstanding debt. - 9/24/18 -
Mercy Iowa City reports improved finances, ready to grow
Mercy Iowa City (Iowa) President and CEO Sean Williams said the 234-bed hospital is on a better financial path and poised for growth, The Gazette reported. - 9/24/18 -
Temple University Health System's finances improve as Epic install costs shrink
Philadelphia-based Temple University Health System saw its financial position improve in the 12 months ended June 30, according to recently released unaudited financial documents. - 9/24/18 -
For-profit hospital stock report: Sept. 17-21
Three of the five major for-profit hospital operators saw their stock prices rise last week. - 9/24/18 -
9 recent hospital, health system outlook and credit rating actions
The following hospital and health system credit rating and outlook changes and affirmations occurred in the last week, beginning with the most recent. - 9/21/18 -
Huntsman Cancer Institute expansion gets $40M funding boost
Several individuals and area businesses pledged $40 million to support an expansion of the Huntsman Cancer Institute at Salt Lake City-based University of Utah Health. - 9/21/18 -
S&P downgrades Nash Health Care System to 'BBB' on deteriorating finances
S&P Global Ratings downgraded Rocky Mount, N.C.-based Nash Health Care System's long-term rating to "BBB" from "BBB+," affecting $67.5 million of debt. - 9/21/18 -
Massachusetts insurers seek independent study of what mandated nurse staffing would cost
Massachusetts insurers are seeking an independent study on the financial effect of the proposed November statewide ballot initiative to mandate nurse staffing ratios in hospitals. - 9/20/18 -
Fitch: Nonprofit hospital balance sheet metrics improve, operating margins don't
U.S. nonprofit hospitals continue to struggle with operating margins, but key balance sheet metrics have improved, according to Fitch Ratings. - 9/20/18 -
Cedar Unveils the Next Evolution of its Patient Payment and Engagement Platform
Platform enhancements will allow providers to further optimize patient interactions and drive revenue cycle results - 9/20/18 -
10 hospitals seeking RCM talent
Below are 10 hospitals and health systems that posted job listings seeking revenue cycle management expertise in the last week. - 9/20/18 -
Cash-strapped Oklahoma hospital raises enough money to make payroll, stay open for now
After launching a GoFundMe campaign and asking the community for donations to prevent the facility from closing, Pauls Valley (Okla.) Regional Medical Center raised enough money to make payroll and stay open — for now, according to a News OK report. - 9/20/18 -
Frontier Airlines chairman donates $25M to Mayo's new medical school
Frontier Airlines Chairman Bill Franke and his wife, Carolyn, are donating $25 million to the Mayo Clinic School of Medicine in Scottsdale, Ariz., the Phoenix Business Journal reported. - 9/20/18 -
RCM tip of the day: Keep your physicians happy
With physicians playing such a key role in a hospital's financial picture, it's important that healthcare executives cultivate an atmosphere that fosters collaboration with physicians toward hospital goals, said Paul Brient, CEO of PatientKeeper, a provider of healthcare clinical and financial applications. - 9/20/18 -
Steward closes Ohio hospital, lays off 468
Dallas-based Steward Health Care closed Northside Regional Medical Center in Youngstown, Ohio Sept. 20. - 9/20/18 -
This week's 5 must-reads for hospital CFOs
Here are five articles recently published by Becker's Hospital Review that offer insight on healthcare-related private equity activity, new Medicare rules and more. - 9/20/18 -
Medicare auditors saved program $214M in FY 2016 and 7 other things to know
The Medicare Recovery Audit Contractor program corrected $404.46 million in overpayments and $69.46 million in underpayments in fiscal year 2016, according to CMS' report to Congress. - 9/19/18 -
10 latest hospital credit upgrades
The following 10 hospital credit rating upgrades occurred in the last two months. They are listed below in alphabetical order. - 9/19/18 -
S&P hits Verity Health System with downgrade, negative outlook after bankruptcy filing
S&P Global Ratings downgraded Redwood City, Calif.-based Verity Health System to "CC" from "CCC," affecting about $325 million of debt. - 9/19/18 -
Better well-being linked to lower Medicare spending
Medicare spending per fee-for-service beneficiary is likely to be lower in counties where people have the highest well-being — defined as physical, mental and social health — as well as access to basic needs, according to a study published in the Journal of the American Medical Association Network Open. - 9/19/18