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Provo, Utah-based Revere Health, an independent multispecialty physician group, has shared plans to lay off 177, with a Nov. 3…
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Provo, Utah-based Revere Health, an independent multispecialty physician group, has shared plans to lay off 177, with a Nov. 3 date of notice, according to a Utah WARN notice. The notice comes after Revere Health shared plans to partner with…
Hospitals nationwide could see annual revenue losses of up to $25 billion through Medicaid losses stemming from the One Big Beautiful Bill Act, according to a new analysis from Kodiak Solutions. The law, passed July 4, cuts about $1 trillion…
Minneapolis-based Allina Health shut down its infusion unit at St. Paul’s United Hospital on Sept. 5, the St. Paul Pioneer Press and FOX 9 KMSP reported. The closure comes after the system told Becker’s it was shuttering four Allina clinics…
Hospital finances continued to show signs of strain in July, with national operating margins slipping from recent highs and profitability pressures mounting. Nationally, average margins are still up year over year for nonprofit hospitals, but digging deeper into operating revenue…
Cincinnati-based UC Health has laid off about 50 employees — less than 1% of its workforce — as it reevaluates services and redirects resources to high-demand areas with a focus on long-term sustainability. Affected employees have been offered severance and…
Health systems gauge financial strength on a variety of metrics, with one of the key indicators being days cash on hand. While the average days cash on hand has improved in the last year, according to Strata’s “Performance Trends Report:…
During a Sept. 4 Senate Finance Committee hearing with HHS Secretary Robert F. Kennedy Jr., Oregon Sen. Ron Wyden said that impending healthcare cuts from the recently passed One Big Beautiful Bill are already having a lasting impact on communities,…
A member of Congress from Ohio is calling for a pilot program that would add prior authorization for some traditional fee-for-service Medicare services to be halted until an independent review board is established, Politico reported Sept. 4. Six states have…
Phoenix-based Banner Health will end emergency services at its Loveland, Colo.-based Banner McKee Medical Center on Nov. 5 as the facility is converted to a specialty hospital. Banner will also be closing a freestanding emergency department and its Banner Urgent…
Brewer, Maine-based Northern Light Health has trimmed its workforce by 3% — a reduction of 308 positions — amid ongoing financial challenges and operational restructuring, a spokesperson for the health system confirmed to Becker’s. About 100 of the affected employees…