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More in Financial Management

Stanford Medicine’s Lucile Packard Children’s Hospital in Palo Alto, Calif., is laying off 87 workers amid financial challenges, including reductions in federal funding. The layoffs, which affect about 1% of the 361-bed hospital’s workforce, will take effect Dec. 12, according…

The federal government shutdown is entering its third week as lawmakers on Tuesday again failed to pass a funding bill.  For the eighth time, the Senate failed to pass the House-approved measure to fund the government through Nov. 21, The…

As the federal government shutdown stretches on, hospital leaders are voicing alarm over the lapse of Medicare telehealth flexibilities and the hospital-at-home program, which has been a disruptive blow to both patients and providers. The expiration of these provisions has…

Insight Hospital and Medical Center Trumbull in Warren, Ohio, has reopened after pausing operations since March. “Insight Hospital & Medical Center Trumbull is now officially open, providing 24/7 emergency care along with inpatient and outpatient services,” a spokesperson for Flint,…

Most hospital leaders understand the financial risk of prior authorization breakdowns. But another source of revenue leakage is gaining attention: claim denials tied to medical necessity. These denials are harder to predict, tougher to appeal, and more expensive to resolve.…

Northwell Health’s Lenox Hill Hospital in New York City plans to eliminate 18 emergency medical services positions and shut down three 911 units, Emergency Medical Services Public Advocacy Council confirmed to Becker’s. The affected employees were notified Oct. 6 that…

Philadelphia-based Jefferson Health’s outlook was lowered to negative from stable by Fitch.  Four things to know:  1. Jefferson Health reported a $196 million operating loss (-1.2%) operating margin in fiscal 2025, which ended June 30. The results include 11 months…

North Carolina’s medical debt relief program has surpassed its initial financial projections, relieving more than $6.5 billion in medical debt from 2.5 million residents over the past year.  In July 2024, CMS approved the state’s plan to use medical debt…

As health systems continue to grapple with financial pressures from rising labor and supply costs and reimbursement challenges, days cash on hand remains an important measure of financial stability.  Here are the days cash on hand at 50 health systems…

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