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…

Children’s Hospital Los Angeles shared plans Aug. 27 to reduce its workforce as part of a strategic realignment. In a news release, the pediatric academic medical center said the move is intended to “ensure long-term sustainability and mission alignment amid…

It’s been nearly nine months since Greensboro, N.C.-based Cone Health joined Risant Health, a nonprofit created by Oakland, Calif.-based Kaiser Permanente, a move that Cone Health CFO Andy Barrow said has helped the system accelerate its value-based care mission.  “We…

The AI wave in healthcare revenue cycle management (RCM) shows no signs of slowing down. Every week, new solutions promise automation, intelligence, and operational efficiency. But for CFOs, the real challenge isn’t in hearing the pitch — it’s in separating…

Since joining North Kansas City, Mo.-based NKC Health in 2021, Senior Vice President and CFO Austin Jones has steered the organization through a 40% growth in net patient service revenue and he’s not afraid to invest in areas many hospitals…

Willows, Calif.-based Glenn Medical Center filed an Aug. 22 WARN notice for 225 employees after the hospital shared plans to close following CMS’ decision to revoke its critical access hospital designation on Oct. 21.  Jennifer Still, GMC hospital administrator, told…

Southfield, Mich.-based Corewell Health and Quest Diagnostics are entering into a two-part collaboration: a joint venture to expand outpatient lab services statewide and a laboratory management agreement covering Corewell’s 21 hospital labs, the companies said Aug. 26. The joint venture,…

Salt Lake City-based Intermountain Health recorded an operating income of $494 million (5.4% operating margin)  in the first half of 2025, up from $326 million (3.8% margin), according to its Aug. 26 financial report.  Five things to know: 1. The…