The Consumer Financial Protection Bureau plans to deprioritize several areas including medical debt, The Wall Street Journal reported April 17.  In a memo sent to staff, the agency’s chief legal officer said the CFPB would focus on fraud with “consumer…

Several large health systems reported operating losses in 2024, underscoring ongoing financial strain despite rising patient volumes and revenue growth. While inpatient revenue is climbing, expense pressures, cybersecurity disruptions and shifting care dynamics continue to weigh on margins — leaving…

Akron, Ohio-based Summa Health reported an operating loss of $8.1 million (-0.4% operating margin) in 2024, an improvement from a $43.5 million operating loss (-2.3% margin) in 2023, according to its financial report for the year ended Dec. 31.  Summa…

Seattle-based UW Medicine Center for Behavioral Health and Learning at UW Medical Center-Northwest has shared plans to lay off 32 employees.  The behavioral health hospital is part of Seattle-based UW Medicine.  Twenty-two of the affected employees were probationary and 10…

Moody’s upgraded Toledo, Ohio-based ProMedica Health System’s rating to “Ba1” from “Baa2.”  The upgrade reflects the successful completion of corporate restructuring initiatives and “greater discipline managing core operations, which will help sustain material improvement in financial performance and liquidity,” Moody’s…

Labor and delivery services have ended or are set to end at 100 rural hospitals since the end of 2020, highlighting a growing maternal health access crisis across the U.S. The findings come from the Center for Healthcare Quality and…

Tampa (Fla.) General Hospital has acquired property to house the USF Health Pamela Muma Women’s Health Center and the Chivukula Men’s Center through its partnership with Tampa-based USF Health.  The purchase was made through a $6.5 million donation from Jagadamba…

The Green Mountain Care Board has appointed the former head of Vermont’s Agency of Human Services, Mike Smith, to serve as an independent liaison to Burlington-based University of Vermont Health Network, the Burlington Free Press reported April 17.  Four things…

Two leading voices in the hospital sector are offering sharply different perspectives on the implications of an April 15 executive order issued by President Donald Trump aimed at reducing drug prices, particularly through changes to the 340B drug pricing program.…

Intermountain Health’s Peaks Region, which includes Colorado and Montana, has transitioned five clinical shared service lines to in-house operations.  The move aligns with the Salt Lake City-based health system’s “commitment to simplify, standardize and be good stewards of our resources…