Today's Top 20 Health Finance Articles
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Risant's Cone Health acquisition: 3 new details
Risant Health, a Washington, D.C., nonprofit formed under Oakland, Calif.-based Kaiser Permanente, signed a definitive agreement June 24 to acquire Greensboro, N.C.-based Cone Health. -
Intermountain operating income up 77% in 1st half of 2024
Salt Lake City-based Intermountain Health reported an operating income of $326 million (3.8% margin) over the first half of 2024, up from an operating income of $184 million (2.3% margin) over the same period last year, according to its Aug. 28 financial report. -
Advocate Health posts $450M operating gain, 425% YOY growth
Charlotte, N.C.-based Advocate Health reported $449.8 million in operating income (2.7% margin) in the first six months of 2024, a substantial improvement on the $85.7 million gain (0.6% margin) posted during the same period last year. -
Hospitals began Q3 strong
U.S. hospitals reported a bump in average operating margins and patient volume to begin the third quarter, according to Strata's Monthly Healthcare Industry Financial Benchmarks. -
'One of the worst situations a CFO can be in': Inside a system's split with UnitedHealth
Signs of tensions between Carson Tahoe Health and UnitedHealthcare have been apparent for a while. -
SSM Health's financial rebound hits speed bump in Q2
St. Louis-based SSM Health, a 23-hospital faith-based system, reported an operating loss of $44.8 million (-1.6% margin) for the three months ending June 30, slipping from a $39.6 million loss (-1.5% margin) during the second quarter of 2023. -
Renown posts 7.3% operating margin in 1st half of 2024
Reno, Nev.-based Renown Health posted an operating income of $72.7 million (7.3% margin) in the first half of 2024, up from $4.7 million (0.5% margin) over the same period last year. -
Closures, bids, layoffs: Where Steward's 31 hospitals stand
From seeking Chapter 11 protection on May 6 to sharing plans to close four of its hospitals across Massachusetts and Ohio that would result in a combined 2,187 layoffs, Dallas-based Steward Health Care has experienced a great deal of turbulence over the last year. -
Steward-owned Arizona hospital furloughs workers after operations halted
A Steward Health Care-owned behavioral health hospital in Phoenix has furloughed employees following a state order to suspend operations. -
Nuvance operating margin hits -4.9% ahead of Northwell merger
Danbury, Conn.-based Nuvance Health reported a $92.1 million operating loss (-4.7% margin) for the nine months ending June 30, a slight improvement on the $110.4 million loss (-6.1% margin) posted in the same period last year. -
Inside Providence's $600M first half operating turnaround
Renton, Wash.-based Providence saw a $600 million swing in operating performance between the first half of 2023 and the first half of 2024. -
MyMichigan's CFO shares driving force behind Ascension acquisitions
Following Midland-based MyMichigan's acquisition of St. Louis-based Ascension Michigan locations in Standish, Tawas and Saginaw, MyMichigan CFO Mike Rose told Becker's the driving force behind the purchase was to produce efficiencies both administratively and clinically. -
Orlando Health posts 8.7% operating margin in Q3
Orlando (Fla.) Health posted an operating income of $158.3 million (8.7% margin) in the third quarter of 2024, up from $118.2 million (7.9% margin) in the same quarter last year, according to its Aug. 23 financial report. -
Demolition kicks off for closed Virginia hospital
Demolition began Aug. 26 on shuttered DePaul Medical Center in Norfolk, Va., and is expected to wrap up next fall, Martin Thomas, a councilman in Norfolk, shared in an Aug. 22 Facebook post. -
Ochsner Health grows operating margin to 2.7% with $101.5M gain
New Orleans-based Ochsner Health posted an operating income of $101.5 million (2.7% margin) for the six months ended June 30, a significant increase from the $28.2 million operating gain (0.8%) margin reported in the same period last year. -
Ohio hospital payroll delayed over processing error
Some employees at East Ohio Regional Hospital in Martins Ferry, Ohio, did not receive their latest paychecks on time due to a processing issue. -
Community group secures funds to purchase closing Steward Ohio hospital
Warren (Ohio) City Hospital, a collaborative group of business and community leaders, has raised enough money to acquire Dallas-based Steward Health Care's Warren, Ohio-based Trumbull Regional Medical Center, a spokesperson for the organization told Becker's. -
Senator urges Pennsylvania AG to intervene in Crozer sale
Pennsylvania state Sen. Tim Kearney has raised concerns about the lack of transparency and details around the planned sale of Upland, Pa.-based Crozer Health and has called on the state attorney general to step in and conduct a thorough analysis of the deal, the Daily Times reported Aug. 22. -
Healthcare Finance Trends for 2024: An Updated Look
During 2023, healthcare systems, hospitals, and practices made progress rebounding from the pandemic’s many disruptions. While momentum remains positive, significant headwinds persist. -
Penn Medicine merger will be credit positive for Doylestown Health: Moody's
Philadelphia-based University of Pennsylvania Health System's proposed acquisition of Doylestown (Pa.) Health is expected to be credit positive for Doylestown and credit neutral for UPHS, according to Moody's.
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