Here are the five most popular finance stories published by Becker’s Hospital Review in July:
1. Philadelphia hospitals file for bankruptcy
Philadelphia Academic Health System and a few of its subsidiaries, including Hahnemann University Hospital and St. Christopher’s Hospital for Children in Philadelphia, entered Chapter 11 bankruptcy protection June 30.
2. Tenet makes bid for California hospital
Dallas-based Tenet Healthcare submitted a proposal to the Desert Healthcare District to purchase Desert Regional Medical Center in Palm Springs, Calif.
3. Texas hospital to cease inpatient care, lay off staff
Hamlin (Texas) Memorial Hospital is closing its emergency room and ending inpatient care and other services on July 31.
4. Mayo Clinic, IRS face off in federal court
A federal judge was briefed July 1 on dueling motions for summary judgment in a lawsuit Rochester, Minn.-based Mayo Clinic filed against the IRS more than two years ago.
5. Bernie Sanders pitches $20B hospital bailout plan
Presidential hopeful Bernie Sanders proposed a plan to create a federal fund to assist struggling hospitals.
More articles on healthcare finance:
CMS pitches 3 sweeping payment rules for 2020: 10 things to know
HCA’s revenue climbs to $12.6B in Q2
Hospital profitability declined in June, analysis finds
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