Terry Shaw, president and CEO of Altamonte Springs, Fla.-based AdventHealth, outlined the 51-hospital health system's projected balance sheet for 2023 during his presentation at the J.P. Morgan Healthcare Conference.

The Consumer Price Index climbed 6.5 percent in the year through December, down from 7.1 percent in November and the slowest rate since October 2021, The New York Times reported Jan. 12.

Hospitals and health systems need to scale to thrive in today's marketplace but with a tumultuous financial year in the rearview mirror and no immediate respite in site, many will pursue strategic partnerships as a way to stay afloat, according…

Private equity firm Alpine Investors has invested in Medusind, a revenue cycle management company. 

The average contract labor spend among hospitals more than doubled between 2011 and 2020, with many hospitals and health systems now making concerted efforts to curb this expense category. 

Pauls Valley, Okla.-based Valley Community Hospital CEO Madhukar Sharma told Pauls Valley Democrat on Jan. 11 that the hospital is staying open, despite community rumors to the contrary.

While 2022 was one of the most difficult years financially for nonprofit healthcare systems, the outlook for 2023 does provide some cautious optimism, Fitch Ratings analysts said on a webinar Jan. 11.

CMS on Jan. 11 unveiled key dates for the first year of the Medicare Drug Price Negotiation Program under the Inflation Reduction Act, a $739 billion package that aims to lower drug costs.

Salem (Ore.) Health has had its "AA-" rating affirmed on bonds the health system owns as well as for its overall rating, Fitch said Jan. 11. The outlook for the system is stable.

Northern Light Health turning to a for-profit giant like Optum for "financial help" won't help it mitigate billing- and insurance-related costs and underscores hospitals' growing financial woes, Daniel Bryant, MD, a former physician at Mercy Hospital in Cape Elizabeth, Maine,…