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More in Financial Management

The Coming Storm in Healthcare Finance America’s healthcare system is heading toward a breaking point. By 2030 the US will face a shortage of more than 86,000 physicians. Hospital margins are razor thin, especially in rural communities, and federal plans…

While hospital financial assistance programs help protect low-income patients from overwhelming medical costs, a loophole in the system has left many with unexpected bills, even when they qualify for “full” coverage of hospital charges, CBS News reported Sept. 22. Nonprofit…

John Day, Ore.-based Blue Mountain Hospital District has laid off nine employees — including five mid-level leadership positions — citing several financial challenges, including looming Medicaid cuts.   CEO Misty Robertson said in a Sept. 16 news release that the layoffs,…

The number of hospitals facing readmission penalties of at least 1% is set to increase in fiscal year 2026, according to preliminary data from CMS released Sept. 19.  Beginning Oct. 1, 240 hospitals (8.1%) will be subject to penalties of…

Across the country, health systems are rethinking their reliance on legacy PBMs. Instead of outsourcing, more organizations are bringing PBM functions in-house to take back control, capture savings, and create new revenue streams. This move toward PBM insourcing puts organizations…

Urban hospitals have faced mounting pressures in recent years, with closures outpacing new openings from 2019 to 2023, according to a recent report from the Government Accountability Office. The GAO reviewed five urban hospitals that closed in 2022 and 2023…

Massachusetts Gov. Maura Healey signed a $234 million legislative package Sept. 22 to provide relief for hospitals and community health centers, including those strained by shifts in payer mix, rising expenses and increased demand for services. About 40 hospitals in…

Willows, Calif.-based Glenn Medical Center is fast-tracking the planned closure of its emergency department due to staffing shortages, according to a Sept. 22 Facebook post from the hospital. Both the 25-bed hospital and its ED were set to close Oct.…

Healthcare providers are navigating one of the most turbulent financial landscapes in recent memory. U.S. healthcare spending is projected to reach $5 trillion, representing 18% of GDP, while medical costs are rising at an 8% annual rate—the fastest in more…

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