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More in Financial Management

HHS plans to furlough 41% of its workforce if Congress is unable to pass legislation avoiding a government shutdown before Oct. 1.  Of the department’s 79,717 employees, 32,460 will be furloughed, according to HHS’ contingency plan released Sept. 29.  HHS…

Healthcare supply chains are under immense pressure, and the stakes in 2025 are higher than ever. Policy shifts, rising costs and tariff implications are compounding long-standing challenges around inventory management. For hospitals and health systems, this creates a delicate balancing…

Livonia, Mich.-based Trinity Health has fully stepped back from two major hospital joint ventures in the Southeast, marking a strategic shift that has generated billions in liquidity for the Catholic health system. On March 12, 2025, Trinity signed a membership…

New York City-based NewYork-Presbyterian has received a $10 million gift from Kim and Jon Shirley to advance suicide prevention efforts at the Center for Youth Mental Health.  The donation — the largest in the center’s 13-year history — will establish…

Livonia, Mich.-based Trinity Health reported a $12.2 million operating loss (0% margin) in the fiscal year ending June 30, 2025, improving on the $68.4 million loss (-0.3% margin) posted in the previous fiscal year, according to financial documents published Sept.…

In 2023, direct spending within orthopedics, oncology, cardiology, women’s health, behavioral health and nephrology made up 38% of all total medical spending, and 68% of total commercial and Medicare spending, according to a July 22 report from consulting firm McKinsey…

CareCloud has signed a definitive agreement to acquire the MAP App from the Healthcare Financial Management Association.  The MAP is a tool for benchmarking and measuring revenue cycle management performance that was developed by the HFMA, according to a Sept.…

Chicago-based CommonSpirit saw its operating revenue grow 8.5% year-over-year in fiscal 2025 to $40.1 billion. The 138-hospital system recorded a $225 million operating loss (-0.6% operating margin) for the year ended June 30, an improvement from an $875 million loss…

Todd Hofheins started his role as CFO of Aurora, Colo-based UCHealth in June, having previously served as COO of Roseville, Calif.-based Adventist Health. It’s this dual finance and operations understanding that has shaped how he approaches his leadership and decision…

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