Sierra Kings District Hospital, a taxpayer-funded hospital in Reedley, Calif. that declared bankruptcy last year, withheld $1.4 million from an employee pension fund to cover expenses, according to a report in the Fresno Bee.

Many hospitals are looking for new opportunities for revenue or ways to increase their access to capital in the current economic environment. Others are looking to reduce costs and improve efficiencies across the board.Selling all or part of a hospital's…

Pittsburgh-based Highmark, a non-profit, private arm of Blue Cross-Blue Shield, reported a net income for 2009 of $187.7 million, doubling 2008's income of $94.1 million, according to a report in the Pittsburgh Post-Gazette.

MedHQ, a professional employer organization and business office outsourcing service for healthcare, ASCs, surgical hospitals, imaging centers and other physician-affiliated businesses, has announced it is expanding it's accounting services by adding tax preparation service  to address growing customer demand.

Detroit-based Henry Ford Health System announced it yielded $30.4 million in net income in 2009, according to a report by the Detroit Free Press.

Tenet Healthcare has said it expects recently enacted healthcare reform to lead to increased volumes at its facilities, according to a report by Fox Business.

St. Mary's Medical Center in San Francisco will break ground on a $22.75 million cancer center on March 31, according to a report in the San Francisco Business Times.

A tax extenders bill, approved by the Senate on March 10, included a six-month extension of Medicaid funding provided by the previous stimulus plan, extending the measure through June 2011, according to a report in American Medical News.

Oktibbeha County Hospital in Starkville, Miss., is about to break ground on an expansion and renovation project that will take two years to complete, according to a report by the Dispatch.

For physicians:1. Increased demand for physicians. With 32 million more Americans expected to enter the health insurance market, demand should rise, especially for primary care physicians, the Philadelphia Inquirer reported. This occurred when Massachusetts passed its statewide universal health care…