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More in Financial Management

Chicago-based CommonSpirit Health added 90 ambulatory care sites over the past two fiscal years, including 34 across nine states in 2025.  “At this point we’re not focused on hospital acquisitions,” CommonSpirit CEO Wright Lassiter III said on an Oct. 1…

Physician practice expense growth is driving additional investment across the U.S., according to Strata. The analytics firm surveyed more than 135,000 physicians and 1,850 hospitals to gather financial data every month. Expenses per physician practice have been climbing over the…

Adventist Health Columbia Gorge in The Dalles, Ore., plans to reduce its inpatient bed count by nearly half and transition to critical access hospital status to “align our designation with patient demand,” a spokesperson for the health system told Becker’s.…

Firearm-related injuries drove $7.7 billion in healthcare spending over six years, with $1.6 billion attributable to 2021 alone, according to a study published in JAMA Health Forum on Sept. 26. More than half the costs were billed to Medicaid. The…

CMS has outlined the activities that will and won’t continue during the federal government shutdown.  The federal government shut down at 12:01 a.m. Oct. 1 after lawmakers failed to reach a spending deal. CMS is retaining 53% of its staff,…

Waystar has completed its $1.25 billion acquisition of AI-powered revenue cycle management company Iodine Software. Iodine joins Waystar with a client base of more than 1,000 hospitals and health systems, expanding Waystar’s total addressable market by more than 15%, according…

New Jersey state Sens. Raj Mukherji and Brian Stack have shared plans to sponsor a $25 million supplemental appropriation to help combat the financial struggles that Jersey City, N.J.-based Hudson Regional Health’s Heights University Hospital, also in Jersey City, is…

The “payer mischief that has plagued” Chicago-based CommonSpirit over the past several years remains a top concern, CFO Daniel Morissette said on the health system’s Oct. 1 earnings call.  Mr. Morissette said that while he thinks the system has made…

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