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More in Financial Management

Franklin, Tenn.-based Community Health Systems has completed the sale of select ambulatory outreach laboratory assets to Labcorp for $194 million in cash. The deal includes certain assets of CHS-affiliated hospitals’ lab services in 13 states, such as patient service centers…

Jeremy Delinsky, CEO of the AI-powered RCM platform Smarter Technologies, announced in a Dec. 2 LinkedIn post that he is stepping down and president Michael Gao, MD, will succeed him as chief executive.  Smarter Technologies was formed in May through…

The American Medical Association is facing heightened scrutiny from Republican lawmakers about its role in shaping physician payment, The Washington Post reported Dec. 2. Five things to know: 1. Sen. Bill Cassidy, R-La., sent a letter to the AMA Dec.…

This partnership with ENFRA delivers immediate capital improvements, long-term operational savings, and significant sustainability benefits across Memorial Hospital of South Bend and Elkhart General Hospital. ENFRA has entered into a long-term 30-year Energy-as-a-Service (EaaS) partnership with Beacon Health System, marking…

Vibra Specialty Hospital of Portland (Ore.) will close on or around Feb. 1 and lay off 310 employees due to financial challenges that have made it “unsustainable to continue operations,” according to a Dec. 1 Oregon WARN notice.  Some of…

Marshall, Mo.-based Fitzgibbon Hospital plans to close two primary care clinics, an inpatient behavioral health unit and Fitzgibbon Home Health and Hospice services, effective Dec. 31, in an effort to save more than $2 million annually. The cost-cutting measures, which…

Here are five health systems that drove operating margins back into the black for the quarter ended Sept. 30:  1. Pittsburgh-based Allegheny Health Network recorded an operating income of $7 million (0.5% operating margin) in the third quarter of 2025,…

Nashville, Tenn.-based HCA Healthcare is capping off a standout year with its stock reaching a record high of $515.85 on Nov. 25, the latest milestone in a run that reflects the company’s strong operational and financial momentum throughout 2025. As…

Health systems across the U.S. are being confronted by four major forces during a “new era of unprecedented uncertainty,” according to a Nov. 18 McKinsey report. The impact of the forces — which could cause margin pressures of 2 to…

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