Butler, Pa.-based Independence Health System is laying off 81 workers this week, taking the number of job cuts at the organization up to 151 so far in 2025.  The workforce cuts, which equate to about 2% of the system’s workforce,…

Undue Medical Debt acquired $30 billion in medical debt belonging to 20 million people from third-party debt buyer Pendrick Capital Partners.  Six things to know:  1. The deal marks the largest acquisition in Undue Medical Debt’s history, according to an…

CMS has fined 24 hospitals in 15 states and Puerto Rico for alleged price transparency violations. Here are the hospitals that have been fined, by state or territory:   Alabama (2) D.W. McMillan Memorial Hospital (Brewton) Hill Hospital of Sumter County…

Members of Congress will say their fiscal 2025 budget blueprint doesn’t call out Medicaid by name. That might be true, but it’s arguing semantics: To leave Medicare unscathed, as members of Congress vow, the House budget plan’s $880 billion cut…

As health system revenue cycles grow increasingly complex, WVU Medicine is taking a bold step to unify its revenue cycle operations under the leadership of Beth Carlson, who was named chief revenue officer in March. Ms. Carlson brings a unique…

Moody’s downgraded Norman (Okla.) Regional Health System’s rating to “Caa2” from “B1.” Five things to know:

President Donald Trump imposed and then temporarily paused a variety of tariffs against other countries over the last few weeks. The action includes a 145% tariff on Chinese imports announced April 10, according to Bloomberg. “The prospect of 104% tariffs…

Amid the ongoing challenges across healthcare, Todd Conklin, CFO of Providence, R.I.-Care New England, is keeping a close eye on potential federal policy changes like Medicaid cuts. “I work in a geographic area, a healthcare market with a disproportionately higher…

Hospitals in states most vulnerable to Medicaid funding reductions are preparing for what some leaders describe as a financial reckoning. If federal proposals to roll back Medicaid expansion move forward, hospitals could see a $31.9 billion loss in revenue and…

Moody’s upgraded Doylestown (Pa.) Health’s rating to “A3” from “B2” following Philadelphia-based Penn Medicine’s acquisition of the system.  Doylestown and Penn signed a nonbinding letter of intent in January 2024 to merge. Doylestown Health said that it had met certain…