Some rural hospitals that were already struggling are now in serious financial trouble due to the coronavirus.

Why Integrate and Rationalize?

Insurers are wrapping up their 2021 rate filing seasons, with several factors affecting possible increases and decreases that insurers will implement for the upcoming coverage year.

Here are seven health systems with strong operational metrics and solid financial positions, according to reports from Fitch Ratings, Moody's Investors Service and S&P Global Ratings.

The Green Mountain Care Board — which oversees Vermont's all-payer system — amended a proposed hospital budget Sept. 29 after the CEO of UVM Health Network criticized the changes in a recent appeal letter, according to the VT Digger.

CommonSpirit, a 137-hospital system based in Chicago, saw revenues rise in the fiscal year ended June 30 but closed out the period with an operating loss. 

Leonard Green & Partners, a private equity firm, has taken $400 million in dividends and fees for itself and investors in the decade since it bought a controlling stake in Los Angeles-based Prospect Medical Holdings, according to ProPublica. 

Health systems and provider organizations are experiencing significant financial pressure, exacerbated by the COVID-19 pandemic, while historical market forces continue to create serious challenges.

HHS announced Oct. 1 that it is sending $20 billion in new funding to healthcare providers to help offset financial strain linked to the COVID-19 pandemic. 

A dispute between Rochester, Minn.-based Mayo Clinic and the IRS over $11.5 million in tax refunds will go before the Eighth Circuit U.S. Court of Appeals on Oct. 20, according to the Post Bulletin.