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NYC Health + Hospitals ended the third quarter with an operating loss of $122.8 million — compared with an operating…
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NYC Health + Hospitals ended the third quarter with an operating loss of $122.8 million — compared with an operating income of $58.3 million for the same period in 2021 — as revenues declined and expenses increased year over year,…
Aurora-based University of Colorado Health, which operates 12 hospitals in its home state, reported losses of $157.5 million in the three months ending Sept. 30, as the hospital system struggled with significant declines in its investment portfolio value.
Pittsburgh-based Allegheny Health Network reported a second straight loss for the nine month period ending Sept. 30 as labor cost problems persisted and investment income was down.
Hospitals are nearing the end of an exceptionally difficult year for finances with a slight downturn to their operating margins and smaller likelihood of ending the year in the black.
Cleveland Clinic has reported a more than $1 billion loss for the first nine months of 2022 as salaries increase and inflationary pressures mount.
The American Hospital Association was one of seven national healthcare organizations that wrote a Nov. 30 letter to Congress asking to stop the 4 percent statutory Pay-As-You-Go sequester from taking effect in January.
Montana has increased the contract for a private consulting group that is overseeing the troubled Montana State Hospital and other facilities, the Montana Free Press reported Nov. 29
New York City-based Mount Sinai Health System, which operates six hospitals and a medical school in the city and surrounding area, reported a net loss of $241 million for the nine months ending Sept. 30 even as its operating income…
Stonebridge Healthcare, a hospital turnaround firm, has offered West Reading, Pa.-based Tower Health $675 million to purchase Reading Hospital, Phoenixville Hospital and Pottstown Hospital, all in Pennsylvania, and their related assets, the Philadelphia Business Journal reported Nov. 29.
Hollister, Calif.-based Hazel Hawkins Memorial Hospital is "pursuing multiple angles to resolve the hospital's fiscal emergency."