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A one-time adjustment to fiscal year 2024 Medicare payments should be made to reflect recent inadequate reimbursements and help healthcare…
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A one-time adjustment to fiscal year 2024 Medicare payments should be made to reflect recent inadequate reimbursements and help healthcare systems facing "unprecedented pressure," the American Hospital Association urged in a Dec. 1 letter.
Several healthcare organizations have closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.
Livonia, Mich.-based Trinity Health reported a slight revenue increase in the first quarter of the 2023 fiscal year ending Sept. 30 to $5 billion after the health system finalized its acquisition of the remaining stake in MercyOne from CommonSpirit Health.
Hospitals continue to feel the pinch from high expenses offsetting revenues, especially in relation to the cost of labor, leading to another month of negative operating margins for many, according to Kaufman Hall's November "National Hospital Flash Report," which is…
Livonia, Mich.-based Trinity Health, one of the largest nonprofit hospital systems in the country, has had its ratings affirmed at "AA-," both for bonds it holds and for the company's overall rating, Fitch said Dec. 1. The outlook for the…
Several health systems recently reported financial results for the third quarter and first nine months of the year, with many seeing higher expenses eat into revenue gains.
Most healthcare providers have implemented a new patient payment platform in the past five years, but only 58 percent said they were highly satisfied with their current system, according to a survey from Bank of America. In addition, 30 percent…
Pittsburgh-based Highmark Health reported a $268 million net loss for the first nine months of fiscal year 2022, citing a lower equity market performance.
Duluth, Ga.-based Peachtree Christian Health, an adult day healthcare facility, has raised enough money to stay open after it was announced that the facility would close due to financial struggles brought on by the COVID-19 pandemic, WSBTV reported Nov. 30.
The problem of higher labor costs will continue to be a "formidable challenge" for nonprofit hospital systems well into 2023 and even beyond, Fitch Ratings said in a report released Dec. 1. That is even if general inflationary pressures cool,…