The Trump administration will begin distributing the first $30 billion in funding for hospitals allocated in the most recent stimulus package this week, CMS Administrator Seema Verma said April 7 during a White House coronavirus task force briefing. 

Citing severe patient volume disruptions caused by the COVID-19 pandemic, Johnson City, Tenn.-based Ballad Health said it plans to furlough at least 1,300 workers, cut pay for some senior leaders and suspend retirement contributions.

Dallas-based Tenet Healthcare completed its $700 million debt offering April 7, according to a Securities and Exchange Commission filing.

CMS has approved nearly $34 billion in payments to hospitals and other healthcare providers in the past week through the expansion of the Accelerated and Advance Payment Program, the agency announced April 7. 

MUSC Health, an eight-hospital system based in Charleston, S.C., is laying off about 900 employees and reducing pay for salaried workers to help offset financial damage caused by the COVID-19 pandemic.

Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.

Many U.S. hospitals and health systems have suspended elective procedures to save capacity, supplies and staff to treat COVID-19 patients.

An ICU nurse who helped raise more than $12,000 through a GoFundMe campaign to buy personal protective equipment for staff at Newark Beth Israel Medical Center has been suspended by the hospital for distributing the "unauthorized" gear, ProPublica reports.

Many U.S. hospitals and health systems have suspended elective procedures to save capacity, supplies and staff to treat COVID-19 patients.

The National Uniform Billing Committee released a new condition code for claims related to COVID-19.

Franklin, Tenn.-based Community Health Systems, which operates 99 hospitals across the U.S., is withdrawing its financial guidance for 2020 due to COVID-19. 

Brentwood, Tenn.-based Quorum Health, which operates 23 hospitals in 13 states, announced April 7 that it has filed for Chapter 11 bankruptcy. 

Here are 11 health systems with strong operational metrics and solid financial positions, according to reports from Fitch Ratings, Moody's Investors Service and S&P Global Ratings.

As states and cities across the U.S. prepare for an influx of COVID-19 patients, they're looking at troubled hospitals working through the bankruptcy process as one way to expand capacity, according to The Wall Street Journal.

The $2 trillion federal coronavirus aid package signed into law that includes $100 billion for nonprofit hospitals won't completely cover the revenue hospitals will lose as a result of the pandemic, Moody's Investors Service wrote in an April 3 note.

Hospitals in Minnesota are losing about $31 million in revenue per day due to the suspension of elective procedures, an association of state hospitals told lawmakers, according to The Star Tribune.

Green Valley, Ariz.-based Santa Cruz Valley Regional Hospital is warning that without emergency funding from the state it will be forced to close within weeks due to a cash crunch brought on by the COVID-19 pandemic, local news station KGUN-9 reports.

Parsons, Tenn.-based Decatur County General Hospital is slated to close April 15. It will be the 14th rural hospital in the state to close in the past decade, according to the Cecil G. Sheps Center for Health Services Research.

Payments to New York hospitals will be reduced by about $400 million under the state's fiscal year 2021 budget, which Gov. Andrew Cuomo signed April 3. 

Many U.S. hospitals and health systems have suspended elective procedures to save capacity, supplies and staff to treat COVID-19 patients.