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A proposed $793 billion cut to federal Medicaid spending is projected to increase uninsured rates and place hundreds of hospitals…
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A proposed $793 billion cut to federal Medicaid spending is projected to increase uninsured rates and place hundreds of hospitals at risk of closure. The House of Representatives passed the One Big Beautiful Bill Act, a more than 1,000-page budget…
Ann Arbor-based Michigan Medicine is projected to finish fiscal 2025 with an operating income of $233.5 million (2.7% operating margin). The projected results for the year ending June 30 were presented to the University of Michigan Board of Regents June…
Proposed healthcare cuts in Republicans’ “One Big Beautiful Bill Act” could place 338 financially struggling rural hospitals at risk of closure, according to the data from the Cecil G. Sheps Center for Health Services Research at the University of North…
Providence, a 51-hospital health system based in Renton, Wash., said in a news release June 12 that it implemented a restructuring plan that will affect 600 full-time-equivalent positions across seven states. According to the Everett Daily Herald, layoff notices were…
R1 RCM has named Chris Ricaurte CFO and Dan Bise executive vice president of corporate development and strategy. Mr. Ricaurte rejoined R1 in February as chief transformation officer, according to a June 11 news release from the company. He previously…
The Pennsylvania House of Representatives has passed legislation that aims to increase oversight of hospital mergers and acquisitions. The legislation — House Bill 1460 — would give the Pennsylvania Office of Attorney General authority to review hospital transactions and potentially…
Health systems are no longer just managing reimbursement challenges — they’re entrenched in a two-front battle for financial sustainability. Hospital leaders point to mounting pressure from both government and commercial payers. Proposed Medicaid cuts threaten access to care, particularly for…
Albany Med Health System, a nonprofit health system serving northeastern New York and western New England, has entered a strategic partnership with Honest Health to advance its value-based care capabilities. The collaboration, announced in April, will equip Albany, N.Y.-based Albany…
Hospitals are facing a tough road ahead should ACA premium tax credits expire at the end of 2025, leaving more patients uninsured or with higher costs, more incentive to delay or skip care, and an increase in uncompensated care. The…
CMS has issued fines to 27 hospitals for alleged price transparency violations. Here are the fine amounts CMS has levied against those hospitals: *Hospital is appealing fine.