Healthcare finance news for hospital and health system leaders

University of Chicago Medicine filed a certificate of need application Sept. 28 with the Illinois Health Facilities and Services Review Board, moving forward with plans to build a nearly $328 million clinical laboratory in the city’s Washington Park neighborhood. The…

Revenue cycle management company Knowtion Health has named Steven Huddleston CEO. Mr. Huddleston brings more than 25 years of experience in healthcare finance, strategy and revenue cycle leadership, according to an Oct. 6 company news release. He spent more than…

With fiscal year 2026 results now in for many U.S. health systems, three of four large nonprofit organizations improved their operating performance this year. Trinity Health swung to a $281 million operating gain from a $12.2 million loss in fiscal…

Utilization management sits between clinical care and the revenue cycle, and at most health systems it is still largely manual: status determinations, concurrent authorizations sent by fax, appeals that drag on for 60 to 90 days. Sharon Kelley — former…

Salt Lake City-based Intermountain Health is exiting Trinsic, a Colorado clinically integrated network it operates as a joint venture with Aurora, Colo.-based UCHealth, with UCHealth taking over the network after Dec. 7, according to a WARN notice Intermountain filed Oct.…

Medicare Advantage beneficiaries use less post-acute care and stay longer in acute care hospitals than their fee-for-service counterparts, preliminary findings from the Medicare Payment Advisory Commission show, and the American Hospital Association is pointing to prior authorization as the reason.…

New Hyde Park, N.Y.-based Northwell Health is eliminating a limited number of positions, marking the health system’s third round of layoffs in less than a year. “Like many hospitals and health systems across the country, we regularly assess our operations…

AI could help hospitals lower costs, but Fitch said those savings could prompt payers and policymakers to reprice reimbursement. The analysis appears in Fitch’s “Artificial Intelligence Stress Test” report, published Oct. 5. The report scores 107 subsectors on how adverse…

The Federal Trade Commission has warned 24 of the nation’s largest health systems that incomplete, inaccurate or untimely price disclosures could violate federal consumer protection law, even if the organizations comply with CMS’ hospital price transparency requirements. FTC Chair Andrew…

The Trump administration is overhauling federal price transparency rules for payers and self-insured employers, including cutting so-called “ghost rates,” expanding out-of-network price disclosures and requiring executives to vouch for the accuracy of the data. The final rule, released Oct. 5…