Featured Content
Bar Harbor, Maine-based Mount Desert Island Hospital will close its labor and delivery unit July 1 due to a “dramatic…
Becker’s offerings
Upcoming Events & Conferences
More in Financial Management
Bar Harbor, Maine-based Mount Desert Island Hospital will close its labor and delivery unit July 1 due to a “dramatic decline in births.” The hospital saw only 33 babies born in 2024 and nine to date in 2025. A decade…
Insight Hospital and Medical Center Trumbull and Hillside Rehabilitation Hospital, both in Warren, Ohio, paused all inpatient, outpatient and emergency room services March 27 due to ongoing bankruptcy and financial disruptions from former owner Dallas-based Steward Health Care. Tom Connelly,…
Nonprofit hospitals showed notable financial improvement in early fiscal year 2024, but strong liquidity will be “crucial” to navigate ongoing labor cost pressures, potential Medicaid reimbursement cuts and broader economic uncertainty, Fitch Ratings said in a March 26 report. Hospitals…
As CEO of MLK Community Healthcare — a safety-net health system based in South Los Angeles — Elaine Batchlor, MD, has a lot on her plate. But in recent weeks, her strategy has been dominated by proposed cuts to Medicaid…
At a time of uncertainty in the healthcare industry driven by high labor costs, workforce shortages and reimbursement challenges, health systems across the U.S. saw varied financial outcomes in 2024. Tenet Healthcare led the pack with a 28.8% margin, while…
Minneapolis-based Allina Health reported an operating loss of $16.6 million (-0.3% margin) for the year ended Dec. 31, 2024, marking a $344 million turnaround from the $360.5 million loss (-7% margin) reported in 2023, according to recently published financial documents.…
Renton, Wash.-based Valley Medical Center laid off 101 employees after federal Medicaid benefits ended Dec. 31 without notice. Employees affected by the layoffs include roles in leadership, support, nonclinical and ancillary departments, a spokesperson for the hospital said in a…
In early February, Lexington, Ky.-based UK HealthCare, part of the University of Kentucky in Lexington, shared that it had invested $95 million into rolling out Epic and Workday software, a move that aims to unify operations and improve patient care…
New York City-based Mount Sinai Beth Israel’s March 26 planned closure has been delayed again amid ongoing legal back-and-forth to keep the hospital open. The closure delay comes as the Appellate Division of the New York State Supreme Court has…
Peoria, Ill.-based OSF HealthCare plans to discontinue intensive care and obstetrics services at its medical center in Ottawa, Ill., and transfer them to a nearby facility in Peru, Ill., according to reports from Shaw Local News Network and Starved Rock…