The owner of Alaris Health is accusing the owners of Jersey City, N.J.-based CarePoint Health of embezzling millions from its money-losing hospitals, according to the Hudson County View.

Hospital leaders across the nation use benchmarking as a way to determine the areas of their business that need improvement. The continuous process of benchmarking allows hospital executives to see how their organizations stack up against local and regional competitors as well as national leaders.

Hospitals and health systems consistently monitor costs amid today's industry trends and changing reimbursement environment. 

In total, the healthcare industry could save $13.3 billion if eight administrative tasks in the revenue cycle were no longer completed manually, according to an analysis from the nonprofit CAQH.

It took Verity Health less than three weeks to wind down services at St. Vincent Medical Center, a 366-bed hospital in Los Angeles.

Franklin, Tenn.-based Community Health Systems announced Jan. 23 that it will offer more than $1 billion of senior secured notes due in 2025.

The role of hospital and health system CFO has changed in recent years. CFOs are now change agents within their organizations and are deeply embedded in the day-to-day operations of the business. 

Louisville, Ky.-based Kindred Healthcare will close three long-term care hospitals in Texas, which together employ 541 people, according to The Houston Business Journal.

Healthcare and technology stocks typically perform the worst during the years U.S. citizens select a new president, according to an analysis of sector performance by Dow Jones market data cited by The Wall Street Journal.

University of Louisville (Ky.) is closer to obtaining a $35 million loan from the state of Kentucky to help finance a turnaround plan for a hospital it acquired last year, according to local news station WAVE.

Taxpayers and consumer groups launched a coalition Jan. 22 to oppose government price-setting, especially in surprise billing legislation.

President Donald Trump is open to cutting back entitlement programs like Medicare, he told CNBC reporter Joe Kernen in a much-talked-about interview at the World Economic Forum in Davos, Switzerland.

Cincinnati-based Bon Secours Mercy Health expects to generate net revenue of more than $10 billion in 2020, a jump of more than 17 percent from the previous year, according to the Cincinnati Business Journal. 

Astria Regional Medical Center in Yakima, Wash., has closed and laid off its 463 employees, according to the Yakima Herald.

Medicare could be paying surgeons for postoperative care that isn't provided, according to a new RAND Corp. analysis published in the New England Journal of Medicine.

New Jersey Gov. Phil Murphy recently signed three bills regarding hospital oversight and accountability that were inspired by an investigation into CarePoint Health's finances and use of management companies to extract profits from its hospitals, according to NJ.com.

Texas Health Resources, a nonprofit, faith-based system, comprises 27 hospitals, more than 80 outpatient facilities, a jointly owned health plan and more than 250 clinics and physicians' offices. In 2020, Executive Vice President and CFO Rick McWhorter will help prepare the system for new reporting requirements and make price transparency one of his top priorities.

Fayetteville, N.C.-based Cape Fear Valley Health System is apologizing for billing patients for rape test kits, according to The Fayetteville Observer.

The healthcare industry could save 33 percent, or $13.3 billion, on current spending each year if administrative tasks were automated, according to an analysis from the nonprofit CAQH.

As part of CMS' efforts to address the opioid crisis, the agency announced Jan. 21 that Medicare will cover acupuncture for people with chronic low back pain.