Healthcare finance news for hospital and health system leaders

Watsonville (Calif.) Community Hospital’s board of directors voted Oct. 28 to move forward with a 120-day public notice to potentially close its labor and delivery and neonatal intensive care unit services. The board did not vote to close the services,…

Here are 10 hospitals and health systems that are seeking CFOs and assistant CFOs in recent job listings. 1. Baldwin Health (Foley, Ala.) 2. DeSoto Regional Health System (Mansfield, La.) 3. HCA HealthONE Aurora (Colo.) 4. Lake Cumberland Regional Hospital…

HealthSpan Partners, an affiliate of Cincinnati-based Bon Secours Mercy Health, signed an agreement Oct. 26 to acquire Brentwood, Tenn.-based ambulatory surgical center operator Surgery Partners. John Starcher Jr., president and CEO of Bon Secours Mercy Health, said the deal is…

Sharon (Pa.) Regional Medical Center has paused inpatient services, but its emergency department is still accepting patients, a spokesperson for the health system said in an Oct. 29 statement shared with Becker’s.  “We continue to explore all available options for…

Hershey, Pa.-based Penn State Health’s plan to issue about $225 million in new bonds to help fund its Oct. 31 Epic launch has not affected capital projects, Joe Wysock, the system’s vice president of facilities, told Becker’s.  “Honestly, I’ve seen…

The Labor Department finalized a rule to promote transparency as pharmacy benefit managers work with large self-insured group health plans, shared during an Oct. 29 event.  The Wall Street Journal initially reported on the final rule one day ahead of…

Multiple hospitals and health systems have suffered downgrades to their financial ratings this year amid rising expenses, ongoing operating losses and challenging work environments. Here are 20 hospitals and health systems that received credit rating downgrades from Fitch Ratings or…

Seattle-based Fred Hutchinson Cancer Center recorded operating income of $25.7 million (1% margin) for fiscal year 2026, down from operating income of $82.8 million (3.3% margin) in fiscal 2025, according to its audited financial statements for the 12 months ended…

Salisbury, Md.-based TidalHealth reported a $49.1 million operating loss (-3.8% margin) in the fiscal year ending June 30, 2026, compared to a $33.9 million operating loss (-3.4% margin) in 2025, according to financial documents posted Oct. 28. Four things to…

Four of the nation’s largest for-profit health systems recently reported third-quarter results, and patient volumes grew at all four. But exchange coverage losses, a shifting payer mix and pending Medicaid changes weighed on results, with HCA Healthcare offering an early…