Today's Top 20 Health Finance Articles
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Tenet CEO not interested in 'risky,' 'turnaround' assets
Dallas-based Tenet Healthcare is not interested in taking on "risky" or "turnaround" hospitals and is focusing on "acquiring high-quality assets that have good margins," CEO and Chair Saum Sutaria, MD, said during the Wells Fargo Healthcare Conference. -
MUSC Health hospital to double ED capacity with $30M investment
Charleston, S.C.-based MUSC Health is investing $30 million to expand the number of emergency department beds at its hospital in Columbia, according to a news release sent to local news outlets Sept. 18. -
CorroHealth finalizes Xtend Healthcare acquisition
CorroHealth has finalized its acquisition of revenue cycle management company Xtend Healthcare from Navient. -
Exeter Hospital to cut neurology, podiatry, pediatric dental services
While its specialized paramedic program will operate through at least Dec. 20, Exeter (N.H.) Hospital also plans to close additional programs. -
3 shuttered hospitals nearing reopening
At least four hospitals have reopened in 2024, and three others will soon join them: -
Tenet's outpatient boom
Five years ago, Dallas-based Tenet Healthcare embarked on a new chapter in the health system's journey, reducing its debt profile and having its ambulatory surgery center business drive a greater portion of the company's performance, according to CEO and Chair Saum Sutaria, MD. -
Alaska hospital closing recovery center
Juneau, Alaska-based Bartlett Regional Hospital is closing its high-intensity residential substance abuse treatment facility on Sept. 24. -
CarePoint files notice for 2,602 layoffs, says 'no final decisions' made
Hoboken, N.J.-based CarePoint Health System has filed three WARN notices with the state, signaling potential layoffs as it explores financial restructuring options. -
'Fail fast': How WVU Medicine is addressing payer denials
Beth Carlson, WVU Medicine's vice president of revenue cycle, described the Morgantown, W.Va.-based system's approach to payer denials with two words "fail fast." -
Christus to reopen shuttered Steward hospital 'in the coming months'
Christus Health is taking over the Medical Center of Southeast Texas in Beaumont, Texas, and plans to reopen the facility "in the coming months," according to a Sept. 18 news release shared with Becker's. -
Unnecessary Medicare Advantage denials: harming Louisiana patients, crowding our emergency departments, and costing U.S. providers billions
Since 2018, the U.S. Department of Health and Human Services’ (HHS) Office of Inspector General (OIG) has warned that Medicare Advantage (MA) plans sometimes deny enrollees' requests for essential services they need.1 2 -
Ascension posts $1.8B annual loss; liquidity 'remains strong,' CFO says
St.-Louis-based Ascension reported a $79 million operating loss (-0.3% margin) for the 10 months ending April 30, a substantial improvement on the $1.2 billion operating loss in the previous 10-month period. -
New York hospital receives $20M donation from entrepreneur
Tom Golisano will donate $360 million to 82 nonprofits in New York, including $69 million to nine healthcare organizations. -
Why 40% of hospitals are still losing money, according to CFOs
As hospital margins gradually improve across the industry, a significant divide remains between higher- and lower-performing hospitals, with nearly 40% of facilities still operating in the red, according to Kaufman Hall. Multiple factors are contributing to this growing divide, including market positioning, payer mix, depth of outpatient services, wage inflation and the management of contract labor. -
CMS updates guidance for rural emergency hospitals: 16 things to know
CMS has updated guidance for hospitals interested in converting to a rural emergency hospital, a Medicare designation that was made available Jan. 1, 2023. -
Hospitals confront long-term strain from Change Healthcare hack
This year's ransomware attack on Change Healthcare sent shockwaves through hospitals across the U.S., disrupting revenue cycle management, compromising data privacy, and threatening the financial stability of many healthcare providers already recovering from the pandemic's fiscal strain. -
Beyond the buzz: What 4 CFOs think of AI's potential
The buzz around artificial intelligence in healthcare can be wearying at times — Providence CFO Greg Hoffman has the inbox to prove it — but he and other health system CFOs are excited about AI's possibilities nonetheless. -
How the age of new CFO hires has changed over 10 years
The average age of new CFO hires has increased over the past 10 years, according to a report from Crist Kolder Associates. -
Threats loom over hospital revenue cycle
As healthcare systems face an onslaught of regulatory updates, increased cyber threats, and shifting payment models, leaders must stay vigilant to ensure compliance and financial stability. -
Missouri behavioral hospital to close, lay off 124
Signature Psychiatric Hospital will close its two locations in Kansas City, Mo., and Liberty, Mo., affecting 154 employees.
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