Process management company Provana has expanded its revenue cycle management footprint with the recent acquisition of five RCM companies.

Fitch downgraded Marshall, Mo.-nased John Fitzgibbon Memorial Hospital's rating to "CCC-" from "CCC."

Included below are 10 hospitals and health systems that shared job listings recently looking for CFOs.

Eighty-seven percent of C-Suite executives surveyed by Black Book Research said escalating financial pressures have intensified the demand for advanced technologies to address outdated revenue cycle management systems and underperforming services. 

Healthcare performance improvement company Vizient has exercised its option to acquire the remaining interest in Kaufman Hall, the company said in a June 25 announcement with private equity firm Madison Dearborn Partners. 

Core credit drivers for the nonprofit hospital sector are expected to remain challenged for the rest of 2024, according to a report published June 25 by Fitch Ratings. 

The California Department of Health will not interfere with San Jose, Calif.-based Regional Medical Center's plans to close its trauma center and reduce other services amid local stakeholder backlash.

The daunting wave of anticipated increased denials due to the cyberattack on Change Healthcare back in February has now landed on overwhelmed hospitals and health systems, many of which are drowning in a sea of denied claims.

The American Hospital Association denounced a new report that links hospital price hikes to job loss in local communities and increased suicide rates, saying findings are based on "extremely limited and disparate data." 

Denver voters will decide in November whether to approve a sales tax increase that would provide a funding boost to Denver Health, The Denver Gazette reported June 24.

A recent presentation at a Public Finance and Audit Committee meeting provided details about Portland-based Oregon Health & Science University's proposed budget for fiscal year 2025, including its plans to lay off at least 500 employees as part of ongoing strategic alignment work. 

From finalizing designs for a new hospital to affiliating with a mental health organization, here are what three health system CFOs told Becker's they are looking forward to in the second half of 2024.

The Healthcare Financial Management Association awarded 17 providers the 2024 MAP Award for high performance in revenue cycle. 

Middletown, N.Y.-based Garnet Health has laid off 26 employees, about 1% of its workforce, and is restructuring some operations and services, according to a June 24 news release shared with Becker's.

Behavioral health, maternity care and nephrology are among the inpatient services that report the greatest operating losses and represent significant challenges for hospitals and health systems that continue to rebound financially while demand for higher acuity care increases. 

Revenue cycle management and consulting firm The Wilshire Group has acquired Trifecta Group.

When hospitals raise prices, local companies lay off workers to manage the cost of higher premiums, a new study from the National Bureau of Economic Research found. 

North Adams (Mass.) Regional Hospital reopened in March after abruptly closing a decade ago, but the hospital is still awaiting the critical access hospital designation that allowed its new owner to reopen the facility, The Berkshire Eagle reported June 23.

The U.S. national debt may exceed $50.7 trillion by 2034 as rising spending and interest expenses outpace tax revenues and deficits are amplified by increased costs for Medicare and Social Security, according to a report published June 18 by the Congressional Budget Office. 

Robbinsdale, Minn.-based North Memorial Health has closed the specialty nursery unit at its hospital in the city, the Star Tribune reported June 23.