This week's 5 must-reads for hospital CFOs

Here are five articles recently published by Becker's Hospital Review that offer insight on proposed payment cuts, hospital closures and more.

1. 6% of hospitals to shoulder 73% of payment cuts under proposed HOPD site-neutral rule
Two hundred hospitals could face a combined $628.5 million reduction in Medicare reimbursement in 2019 under CMS' proposed Outpatient Prospective Payment System rule, according to an analysis conducted by Dobson DaVanzo & Associates and commissioned by the Integrated Health Care Coalition, a group of integrated health systems. 

2. Nurses call for Michigan hospital CEO to step down as possibility of bankruptcy looms
The Michigan Nurses Association, which represents registered nurses at Iron Mountain, Mich.-based Dickinson County Healthcare System, called for hospital Administrator and CEO John Schon to resign. 

3. Hospital CEOs petition Congress over prescription drug pricing program
The CEOs of more than 700 hospitals and health systems penned a letter to U.S. lawmakers urging them to protect the 340B drug pricing program amid efforts to reduce prescription drug costs. 

4. Kansas hospital to close by year's end
Mercy, a St. Louis-based health system with more than 40 acute care and specialty hospitals, plans to close its hospital in Fort Scott, Kan., by the end of the year.  

5. GAO: 10 things to know about the spike in rural hospital closures
A total of 64 rural hospitals closed between 2013 and 2017 — not counting the eight that closed and reopened — which is more than twice as many closures as the previous five-year period, according to a report released Sept. 28 by the U.S. Government Accountability Office. 

More articles on healthcare finance:

California hospital operator enters bankruptcy after Anthem sues
Memorial Sloan Kettering tells exec to turn over profits from biotech firm
CHS shares plunge to below $3

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