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More in Financial Management

Piedmont Athens (Ga.) Regional Medical Center will lay off 95 environmental services department employees, effective June 2, according to an April 2 WARN notice.  The hospital is part of Atlanta-based Piedmont, a health system that comprises 25 hospitals, according to…

Envision Healthcare and its affiliates are laying off 120 employees who provide services at Baptist Health System in San Antonio.  The layoffs are effective May 31 and affect employees who provide hospital medicine and clinical support services through Envision Physician…

CVS Health CEO David Joyner earned $17.8 million in total compensation in 2024.  The company reported compensation data for its six highest-paid executives in its annual proxy report, published April 4.  Mr. Joyner was named CEO of the company in…

CMS recently fined six hospitals for alleged price transparency violations, according to an update on its price transparency enforcement website.  The hospitals are: As of April 7, seven hospitals have been fined for alleged price transparency violations in 2025. Bellaire,…

Federal and state government cuts to public health agencies and programs are leaving a gap in access to care. Hospitals in many communities are preparing to fill that gap, if they can. The Trump administration canceled around $12 billion in…

The Senate on April 3 voted 52-48 to pass an amended budget resolution for fiscal 2025, a significant move toward aligning both chambers on a unified budget framework that could unlock the reconciliation process. While the Senate’s version includes several…

Fitch upgraded Ontario, Calif.-based Prime Healthcare’s rating to “A-” from “BBB+.” The upgrade is based on Prime’s continued improvement in operating results in 2024 and “very strong unrestricted balance sheet resources compared to its debt position,” Fitch said in an…

Heritage Valley Kennedy Hospital in Kennedy Township, Pa., will close on June 30 due to declining patient volume and reduced insurance reimbursements, according to an April 2 news release shared with Becker’s. Following the closure, emergency care, outpatient surgery, and…

Dallas-based Tenet Healthcare’s rating was upgraded to “BB-” from “B+” by Fitch.  The upgrade reflects an improving competitive position, with its ambulatory care segment “durably delivering robust EBITDA growth” and recent divestitures funding significant debt reduction and enhancing liquidity, Fitch…

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