Today's Top 20 Health Finance Articles
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Big data creates 'entirely new revenue streams' for health systems
Hospitals are tinkering with artificial intelligence solutions to alleviate cost pressures, but the safe integration of AI can be a challenging endeavor, not a quick fix to decrease spending. -
Community organization moves to buy, upgrade Steward Ohio hospital
Warren (Ohio) City Hospital, the name of a collaborative group of business and community leaders, has shared plans to acquire Dallas-based Steward Health Care's Warren, Ohio-based Trumbull Regional Medical Center. -
CVS Health plans to cut $2B in costs
CVS Health is intensifying its cost-cutting efforts with a new $2 billion initiative, adding to a previous plan to reduce costs by hundreds of millions. -
Texas Children's to lay off 1,000
The nation's largest children's hospital is laying off approximately 1,000 employees, including front-line healthcare workers and those in leadership positions, The Houston Chronicle reported Aug. 6. -
Tenet rapidly reorganizing portfolio
Dallas-based Tenet Healthcare is transforming its portfolio into a more value-based care enterprise with a leading specialty care platform and is rapidly selling hospitals while simultaneously adding ambulatory surgery centers. -
MercyOne Iowa hospital to close in September
Des Moines, Iowa-based MercyOne shared plans to close its MercyOne Primghar (Iowa) Medical Center by Sept. 30. -
Steward expects physician group-approved bid 'very soon,' $30M Massachusetts funding approved
U.S. Bankruptcy Court Judge Christopher Lopez approved an emergency motion filed by Massachusetts Gov. Maura Healey's administration to provide Dallas-based Steward Health Care with $30 million in an Aug. 6 hearing. -
Create an environment for employees to succeed, LMH Health CFO says
Rob Chestnut might have started his new role as CFO of Lawrence, Kan.-based LMH Health a little more than two months ago, but Lawrence Memorial Hospital and the community it surrounds has always held a special place in his heart. -
Massachusetts hospital shuttered by fire to reopen in August
Brockton (Mass.) Hospital, owned by Brockton-based Signature Healthcare, has shared plans to reopen Aug. 13 after an electrical fire closed the hospital in February 2023. -
Northern Light Health to shutter another facility
Northern Light Health will close its internal medicine facility in Dexter, Maine, on Sept. 30, a spokesperson for the health system confirmed to Becker's. -
Tenet's Conifer tees up 10-year RCM partnership with Orlando Health: 5 things to know
Conifer Health Solutions, Tenet Healthcare's revenue cycle management arm, has lined up a 10-year contract to provide services to five Alabama hospitals the health system plans to sell to Orlando (Fla.) Health. -
MetroHealth tightens belt amid CEO tumult
Days after news of cost-cutting measures being taken at Cleveland-based MetroHealth, the health system announced it has terminated its president and CEO, Airica Steed, EdD, RN. -
Pennsylvania's healthcare amid financial struggles, closures: What to know
Hospitals and health systems in Pennsylvania have faced financial struggles that have become evident amid recent layoffs, closures and sales. -
Steward Massachusetts hospitals received Michigan system bid prior to 2-facility closure
Dallas-based Steward Health Care received a bid from Insight Health Systems of Flint, Mich., to acquire all of its Massachusetts hospitals prior to the health system sharing plans to close two state hospitals, however, the two parties could not reach an agreement. -
Medicare Advantage + prior authorizations: 19 numbers to know
As the number of Medicare Advantage enrollees has grown, so has the volume of prior authorization requests submitted to MA insurers. -
The 'recession-resistant' asset health systems are investing in
Hospitals' operating performance continues to show signs of improvement, but real estate is one key opportunity health systems should not overlook to bolster their balance sheets and help meet growth goals, Kaufman Hall said in its latest "National Hospital Flash Report." -
Hospital growth uneven between higher-, lower-performing facilities: Kaufman Hall
While operating performance has shown improvement signs, growth remains uneven between higher- and lower-performing hospitals, according to Kaufman Hall's June "National Hospital Flash" report. -
New York hospital expands ED, ups beds to 436
White Plains (N.Y.) Hospital is adding 25,000 square feet to its emergency room and expanding the hospital's capacity to 436 beds, Lohud reported Aug. 5. -
Steward to lay off 1,243 Massachusetts employees amid hospital closures
Dallas-based Steward Health Care has shared plans to lay off a total of 1,243 employees due to the closure of two of its Massachusetts hospitals, Dorchester, Mass.-based Carney Hospital and Ayer, Mass.-based Nashoba Valley Medical Center, by Aug. 31. -
California hospital posts 1st profitable Q3 in more than 3 years, CFO says
El Centro (Calif.) Regional Medical Center, an affiliate of UC San Diego Health, is making strides towards its financial turnaround and reported $7.2 million in operating income in the third quarter of fiscal 2024, compared to a $6.5 million net loss in the same period last year.
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