Today's Top 20 Health Finance Articles
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Intermountain operating income rises to $134M in Q1
Salt Lake City-based Intermountain Health posted an operating income of $134 million in the first quarter of 2024, up from an operating income of $104 million in the same period last year, according to its May 21 financial report. -
Texas announces $17M grant for rural hospitals
Texas is awarding $17 million in grants to rural hospitals in the state. -
Temporarily closed Ohio hospital had bankruptcy application rejected
An Ohio hospital that temporarily suspended services had its application for Chapter 9 bankruptcy rejected, CBS affiliate WTOL reported May 22. -
'No silver bullets' to improve margins, OSF CFO says
Peoria, Ill.-based OSF HealthCare has seen drastic improvements to its financial performance over the last two years, a performance that has allowed the health system to see revenue growth and expand its M&A footprint. -
SSM Health posts $20M operating loss in Q1
St. Louis-based SSM Health reported a $20.4 million operating loss in the first quarter of 2024, down from an operating loss of $16.5 million posted over the same period last year, according to its May 22 financial report. -
5 things to know about Penn Medicine's new CFO
Philadelphia-based University of Pennsylvania Health System has named Julia Puchtler its next CFO, effective July 1. -
Gen X, Y worry about Medicare's future
Concern about Medicare's future is no longer unique to current beneficiaries and older Americans. -
Rising inpatient claim denials drained $1.2B in hospital revenue: Report
The final denial rate on inpatient claims increased 51% between 2021 and 2023, according to a May 21 report from Kodiak Solutions (formerly Crowe). -
Florida facility lays off 56 employees
Doral, Fla.-based Sanitas Medical Center laid off 56 employees between May 17 and May 20. -
Delaware lawmakers consider hospital cost review board
A bill that would create a hospital cost review board has passed Delaware's state House, Delaware Online reported May 22. -
Health systems' hard line on insurers pays off
Health systems are taking a tougher stance with commercial payers, arguing that they are not being adequately reimbursed for services provided to patients, and some providers have gone out of network if contract renewal offers have not been up to par. -
UPMC posts $103M operating loss in Q1
Pittsburgh-based UPMC posted a $103 million operating loss (-1.4% margin) in the first quarter of 2024, down from an operating gain of $100 million (1.5% margin) posted over the same period last year, according to its May 22 financial report. -
Union attempt to carve out NewYork-Presbyterian met with $25M bill: WSJ
A union faced a $25 million expense when it tried to drop NewYork-Presbyterian from its Aetna provider network, a price tag reportedly tied to past medical services, The Wall Street Journal reports. -
Tufts Medicine to lay off 174 employees, including leaders
Burlington, Mass.-based Tufts Medicine will lay off 174 employees due to industry challenges, the health system confirmed in a May 21 statement shared with Becker's. -
Mayo Clinic operating income up 143.6% in Q1
Rochester, Minn.-based Mayo Clinic saw an operating income of $363 million (7.7% operating margin) in the first quarter of 2024, up 143.6% from $149 million (3.5% margin) posted over the same period last year, according to its May 20 financial report. -
Ascension posts $1.3B operating turnaround; CFO confident system will 'stay on this course'
St. Louis-based Ascension has reported an operating loss of $82.6 million in the quarter ending March 31, representing about a $1.3 billion improvement on the $1.4 billion operating loss posted in the same quarter last year, according to financial documents published May 17. -
Chapter raises $50M to expand Medicare decision support
Chapter, a Medicare navigation platform, raised $50 million in series C funding to expedite product development and hiring to provide unbiased Medicare decision guidance to Americans selecting healthcare coverage. -
How Providence aims to 'deconstruct and diversify' healthcare
Renton, Wash.-based Providence is making progress on several key initiatives to "deconstruct and diversify healthcare" by investing in areas including non-acute care, IT services and technology platforms, according to financial documents published May 17. -
Howard Brown Health to shutter 2 Chicago clinics
Chicago-based Howard Brown Health has shared plans to close its Chicago clinics this fall. -
Bon Secours Mercy Health posts $29.5M operating income in Q1
Cincinnati-based Bon Secours Mercy Health reported an operating income of $29.5 million in the first quarter of 2024, up from a $60 million loss reported over the same period last year, according to its May 20 finance report.
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