Moody’s downgraded Portland, Ore.-based Legacy Health’s rating to “A2” from “A1.”  The downgrade comes after the termination of Legacy Health’s proposed merger with Portland-based Oregon Health & Science University in May.  In the days following the termination, Moody’s placed Legacy’s…

How AI Digital Twins are Revolutionizing Capital Planning for Health Systems Health systems continually balance delivering exceptional patient care, maintaining cutting-edge equipment and ensuring financial solvency. While traditional avenues like revenue cycle management and supply chain optimization are common paths…

Cleveland-based MetroHealth plans to launch an initiative to help patients enroll in Medicare, Medicaid and ACA’s marketplace insurance to reduce its soaring charity care costs that now exceed $1 million per day, a spokesperson for the health system confirmed to…

Magnolia (Ark.) Regional Medical Center is planning to convert to a critical access hospital, the Magnolia Reporter reported Aug. 28.  The system said the transition is about securing the long-term stability of healthcare in Magnolia and Columbia counties, according to…

The board of directors for Pajaro Valley Health Care District, which owns Watsonville (Calif.) Community Hospital’s property, voted Aug. 27 to find an outside healthcare provider to take over the hospital’s daily management, The Pajaronian reported Aug. 28.  The decision…

University of Iowa Health Care has decided to delay work on a $2 billion inpatient tower due to federal funding changes that are projected to result in a $9.5 billion reduction in healthcare funding to Iowa. In an Aug. 28…

Ascension Wisconsin has scrapped its plan to outsource some of its intensive care unit physicians just days before it was set to take effect, the health system confirmed in a statement to Becker’s.  The proposal, which was set for Sept.…

Pittsburgh-based UPMC recorded an operating income of $111.2 million (1.3% operating margin) in the second quarter of 2025, up from an operating loss of $210.3 million (-2.9% margin) during the same period last year, according to its Aug. 28 financial…

Cleveland-based University Hospitals reported an adjusted operating loss of $84 million (-2.5% margin) for the six months ended June 30, 2025, a 7.1% improvement from the same period in 2024, driven by higher patient service revenue and lower reliance on…

Purchased services spending has increased across all departments in recent years and health systems are taking a closer look at the data to identify trends and opportunities to improve vendor contract management. Kaufman Hall gathered monthly spending data by department…