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Livonia, Mich.-based Trinity Health reported an operating income of $198 million (1% operating margin) through the first three quarters of…
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Livonia, Mich.-based Trinity Health reported an operating income of $198 million (1% operating margin) through the first three quarters of fiscal 2025, up from an operating income of $70 million (0.4% margin) during the same period last year. The system…
The House Budget Committee voted on May 18 to advance the “One Big Beautiful Bill Act,” which includes sweeping Medicaid cuts and other healthcare provisions, in a 17-16 vote, according to The Hill. Five things to know: 1. The legislation,…
Somerville, Mass.-based Mass General Brigham reported an operating loss of $65 million (-1.2% operating margin) in the second quarter of 2025, down from an operating income of $29.7 million (0.6% margin) during the same period last year, according to its…
Cleveland Clinic reported an operating income of $52.8 million (1.3% margin) in the first quarter, up slightly from $50.2 million (1.3% margin) in the same period last year, according to financial documents published May 16. Five things to know: 1.…
Phoenix-based Banner Health reported an operating income of $142.4 million (3.6% margin) in the first quarter, up from an $89.3 million operating gain (2.4% margin) in the first quarter of 2024, according to financial documents published May 15. Eight things…
Here are 10 health systems that have had their credit ratings upgraded by Fitch Ratings or Moody’s Investors Service in 2025: Baylor Scott & White Health was upgraded to “Aa2” from “Aa3” by Moody’s. The upgrade reflects the Dallas-based system’s…
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages. Here are 11 department closures or services that are ending or have…
Most health systems saw revenue climb in 2024 as patient volumes rebounded and provider productivity improved — a sign of recovery across the industry. But for many organizations, rising expenses still outpaced these gains, underscoring the ongoing financial pressures facing…
Workforce shortage remains a critical challenge with 48% of executives believing their hospitals are not fully equipped to handle current patient volumes, according to FTI Consulting’s “Hospital Operations Outlook Survey” published May 15. FTI Consulting surveyed more than 200 hospital…
Faced with a $12 billion budget deficit for the upcoming fiscal year, California Gov. Gavin Newsom has proposed substantial cuts to healthcare initiatives in a revised budget plan. The May Revision, unveiled May 14, proposes a $321.9 billion budget, which…