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…

As financial pressures mount across the hospital sector, CFOs are doubling down on strategic growth — not only to stabilize margins, but also to better serve their communities, expand access and invest in the future of care. For several healthcare…

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…

More than 1,500 healthcare workers and community members sent a petition to New Jersey Gov. Phil Murphy and the state’s department of health on Oct. 12 to request emergency funding to keep Jersey City-based Hudson Regional Health’s Heights University Hospital,…

Many nonprofit hospitals and health systems have made steady progress on financial turnarounds since the end of the COVID-19 pandemic — though others continue to struggle — but new and persistent challenges threaten to derail those efforts. Operating margins have…

Marlton, N.J.-based Virtua Health’s credit rating was upgraded to “AA” from “AA-” by Fitch.  The upgrade reflects Virtua’s reduced credit risk with several years of strong and stable operating performance following its successful integration of Camden, N.J.-based Lourdes Health, Fitch…

More than half of children’s hospital patients rely on Medicaid or CHIP, yet private equity is moving steadily into pediatrics, a sector that has received far less attention than adult care. While headlines focus on nursing homes, physician groups, and…

The pending closure of Select Specialty Hospital–South Dakota, part of Mechanicsburg, Pa.-based Select Specialty Hospital, will result in 90 employee layoffs, according to an Oct. 7 WARN notice. The hospital, which is located inside Sioux Falls, S.D.-based Sanford USD Medical…