Under the Affordable Care Act, hospitals can face cuts in federal payments if they have high readmission rates. CMS can cut as much as 3 percent for each patient. 

The CEO of Kaweah Health in Visalia, Calif., penned an op-ed with the local daily newspaper to ask Gov. Gavin Newsom for a one-time injection of funding for public hospitals to avoid "gut-wrenching and agonizing" service cuts and layoffs. 

New Hyde Park, N.Y.-based Northwell Health's Northern Westchester Hospital in Mount Kisco, N.Y., raised over $1.7 million at its gala Nov. 5. 

New York City-based the Hospital for Special Surgery said Nov. 10 it had operating income totaling $31.8 million for the nine months ended Sept. 30. That figure compares with $3.2 million for the same period last year.

A study published Nov. 9 suggests undocumented immigrants in the U.S. help hold up the nation's healthcare system.

Radnor Township, Pa.-based Main Line Health was downgraded by Fitch Ratings in relation to $594 million of bonds it holds amid what the agency termed "significant operating losses" in fiscal year 2022, ending June 30.

Cano Health, a value-based care provider operating in nine states and Puerto Rico, saw its stock plunge Nov. 10 a day after the company reported lower than expected revenue in its quarterly results and lowered guidance for 2022.

Salt Lake City-based Intermountain Healthcare, alongside community leaders, has launched a philanthropic initiative to boost children's healthcare in Utah and the Intermountain West.

The costs of medical care were down slightly in the October consumer price index, as overall inflation across the economy cooled. 

Many hospitals and health systems are facing their toughest financial year in decades as they simultaneously address revenue and expense issues, with rising costs, payer denials and takebacks costing them billions of dollars, according to research published by Crowe Revenue…