Today's Top 20 Health Finance Articles
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RWJBarnabas CFO's magic word for improving margins
West Orange, N.J.-based RWJBarnabas Health saw a substantial financial turnaround in the first six months of 2024, with an operating income of $106 million versus a loss of $4.7 million last year, according to its most recent financial report. -
10 health systems with boosted outlooks
Here are 10 health systems that recently had their outlooks upgraded by Fitch Ratings or Moody's Investors Service. -
Northwell's 'leading market share position' helps secure 'A-' rating — 6 things to know
New Hyde Park, N.Y.-based Northwell Health had its issuer default rating and revenue bond ratings affirmed at "A-" due to its "leading market share position" in a large and competitive area where it has an expansive presence with acute care and ambulatory footprints, Fitch Ratings said in a Sept.23 report. -
New York hospital lays off workers, closes nursing home
Schenectady, N.Y.-based Ellis Medicine officially laid off 33 employees after closing its nursing home and rehabilitation center, according to a WARN notice filed Sept. 23 with the New York State Department of Labor. -
HHS to invest nearly $75M in rural healthcare: 3 notes
HHS is providing nearly $75 million funding for rural healthcare programs to help hospitals stay open, expand access to maternal healthcare and treat substance use disorder. -
Mercy Health's operating income up more than $145M in fiscal 2024
St. Louis-based Mercy Health posted an operating income of $157.4 million (1.7% operating margin) in fiscal year 2024, up from an operating income of $11.8 million (0.1% operating margin) in 2023, according to its Sept. 19 financial report. -
2 hospitals abruptly close
Over the last 10 days, one acute-care hospital in Alabama suspended operations indefinitely, with another physician-owned hospital in California following suit. -
Alabama hospital suspends operations, citing staffing shortages
Thomasville (Ala.) Regional Medical Center has suspended operations indefinitely amid staffing shortages, with community stakeholders set to meet Sept. 23 to discuss the facility's future. -
How WVU Medicine is cultivating strong revenue cycle leaders
Morgantown, W.Va.-based WVU Medicine recently launched a new revenue cycle leadership development program to help address a need for adequate succession planning. -
4 health systems' thoughts on the 2-midnight rule
Leaders of the four major publicly traded for-profit health systems were asked about the effects of the expansion of the two-midnight rule during the Wells Fargo Healthcare Conference held in early September. -
Maryland to drop Kaiser as Medicaid administrator
Maryland will drop Kaiser Permanente as a Medicaid managed care organization in 2025. -
House committee delays physician pay talks
The House Ways and Means Committee has delayed a markup of several healthcare bills due to scheduling conflicts and members disagreeing over legislative language, Axios reported Sept. 19. -
Where hospital revenue is growing, declining: 70 statistics
Hospital revenue was relatively flat from June to July this year, but showed significant gains year over year, according to revenue data from Kaufman Hall's "National Hospital Flash Report" released in September. -
Ascension's 'size and scale' helps secure 'AA+' rating: Fitch
St. Louis-based Ascension, a 136-hospital system, had its issuer default rating and long-term revenue bond ratings affirmed at "AA+" due to its strong operational profile, key leverage metrics and robust balance sheet, according to a Sept. 20 Fitch Ratings report. -
Hospitals desire a digitalized revenue cycle, but challenges persist
Hospital revenue cycle management has been a testing ground for automation and artificial intelligence in healthcare. -
Hospitals face 'unrealistic pressure' from insurers as administrative cost soar
Hospitals' administrative costs are rapidly increasing as insurers increase prior authorization requirements and denials, according to Rick Pollack, president and CEO of the American Hospital Association. -
External CFO hiring hits 10-year high
At 44%, external hiring of CFOs has hit a 10-year high in 2024, according to a report from Crist Kolder Associates. -
5 CFOs, 5 takes on Medicare Advantage
Medicare Advantage has grown rapidly in recent years, and now provides coverage to 55% of the nation's seniors, almost 34 million people. -
HCA working with MA payers to improve 2-midnight denials
CMS' expansion of the two-midnight rule has had a "modest benefit" to Nashville, Tenn.-based HCA Healthcare, the system's CFO Mike Marks said at the Wells Fargo Healthcare Conference. -
Advocate Health cancels real estate liens from medical debt
Charlotte, N.C.-based Advocate Health is canceling all judgment liens placed on homes and real estate as part of efforts to collect unpaid medical bills.
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