Buoyed by non-operating gains, Boston-based Mass General Brigham recorded a $956 million net income in the second quarter of fiscal year 2021, according to its financial report released May 14. 

After posting a $1.4 billion net loss in the third quarter of fiscal year 2020, CommonSpirit, a 140-hospital system based in Chicago, saw improved finances in the third quarter of fiscal year 2021, according to financial documents released May 14. 

Most hospitals are failing to comply with all of CMS' price transparency requirements, according to a study published May 14 in JAMA Network Open.

Hackensack (N.J.) Meridian Health saw its operating income increase in the first quarter of 2021 thanks to millions of dollars in federal aid, according to recently released financial documents. 

A year into the COVID-19 pandemic, it’s clear that for some hospitals and health systems, the effects have been both material and negative. While it was often an accelerator—not the cause—of declining metrics, the economic blow from the pandemic will prove tough to overcome.

A Rhode Island lawmaker is increasing efforts to retrieve records on the financial status of Eleanor Slater Hospital, an embattled state-run psychiatric hospital in Cranston, R.I., according to WPRI.com.

In the wake of COVID-19, many healthcare leaders are concerned about their organization’s financial viability and are seeking new revenue cycle management (RCM) strategies to increase profitability and market share.

The right data can make a significant difference in how health systems identify revenue cycle problems and improve processes along the way. 

UCSF Health received a $60 million donation from Hyatt heir John Pritzker and his former wife Lisa Stone Pritzker to build a new 150,000-square-foot psychiatric building, the San Francisco-based system announced May 12.

Patient engagement platform Cedar will pay $425 million to acquire healthcare technology company OODA Health, the companies said May 13.

HHS is considering extending an upcoming deadline for hospitals and providers to use up federal COVID-19 relief funds, Secretary Xavier Becerra said May 12 during a hearing. 

Health systems need to track their revenue cycle management performance in order to maintain healthy bottom lines, so it's important they determine which metrics work best.

Patient distrust persists regarding the billing practices at Urbana, Ill.-based Carle Health, and it may keep them from receiving their COVID-19 vaccines, according to a May 12 report from Providence, R.I.-based Brown University’s Documenting COVID-19 project.

The health systems listed below recently released financial results for the quarter ended March 31. 

Below are 12 hospitals and health systems that recently posted job listings seeking CFOs.

Ten hospitals and health systems recently posted job listings seeking revenue cycle management expertise.

Oklahoma City-based OU Medicine's financial outlook is stable, but its profile still reflects "very high debt levels" after its spinout from Nashville, Tenn.-based HCA Healthcare in 2018, according to S&P Global Ratings.

A retired attorney is pitching a plan to save three hospitals owned by Tower Health, a cash-strapped hospital system based in West Reading, Pa., according to The Mercury.

Washington, D.C.-based United Medical Center will have its budget rewritten by an outside financial control board after it received additional funding to cover payroll this week, according to The Washington Post. 

Hospitals and providers are urging HHS to distribute billions of dollars that remain in a $178 billion COVID-19 relief fund intended for healthcare providers.