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More in Financial Management

St. Louis-based Ascension reported an operating loss of $88 million (-1.4% margin) for the first quarter of fiscal year 2026, which ended Sept. 30, a $133 million improvement on the $221 million operating loss (-3.1% margin) posted in the same…

HCA Healthcare led in total net income, while Tenet Healthcare posted the highest operating margin among the nation’s largest for-profit health systems in the third quarter. Each system reported improvements in revenue and patient volumes, but their bottom lines varied…

Cleveland-based MetroHealth System has launched a community-wide push to expand insurance enrollment as part of a broader effort to reduce the $1 million it spends daily on charity care. MetroHealth, Cuyahoga County’s safety-net hospital system, said its charity care costs…

HCA Healthcare CFO Mike Marks said the for-profit health system is deep into its digital transformation efforts, including in the revenue cycle.  “Our focus in terms of AI and automation in our revenue cycle right now is really specifically focused…

Rochester (N.Y.) Regional Health plans to eliminate a “limited number” of non-patient-facing roles as part of a broader effort to cut costs and build a more sustainable operational model, rochesterfirst.com reported Oct. 29. The health system announced the layoffs Oct.…

Rutland (Vt.) Regional Medical Center is closing its five licensed pediatric beds within the Women’s and Children’s Unit as part of a broader transition in service delivery, according to an Oct. 29 news release shared with Becker’s.  The community hospital…

A year after flagging a spike in payer denials, Community Health Systems’ top executive says the situation has stabilized. “It has really not gotten any worse,” Interim CEO Kevin Hammons said on the Franklin, Tenn.-based for-profit system’s Oct. 24 earnings…

Tenet executives said the Dallas-based system is prepared for a new traditional Medicare prior authorization pilot that is set to begin in January.  CMS unveiled the Wasteful and Inappropriate Service Reduction (WISeR) initiative in June. Under the model, CMS will…

PeaceHealth is reducing its workforce by 2.5% through a combination of select caregiver role eliminations, the closure of some open positions and other organizational adjustments, according to a statement from the Vancouver, Wash.-based health system shared with Becker’s. Affected caregivers…

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