King of Prussia, Pa.-based Universal Health Services saw a net income of $258.7 million in the third quarter of 2024, ended Sept. 30, a 54.9% increase from the $167 million it posted in the same quarter of 2023, according to its Oct. 24 financial report. 

General Catalyst has raised $8 billion in new capital and is earmarking $750 million for healthcare investments, a spokesperson for the firm told Becker's.

Franklin, Tenn.-based Community Health Systems has seen increasingly aggressive payer behavior on the commercial and Medicare Advantage fronts in recent quarters, creating significant financial headwinds for hospitals, executives said during the company's Oct. 24 earnings call.

Private equity firm Patient Square Capital has signed a definitive agreement for a strategic investment in revenue cycle management company CorroHealth. 

Minneapolis-based Allina Health, a 12-hospital system, has notified about 18,000 patients with Humana Medicare Advantage plans that their clinicians will be out-of-network in 2025 unless the payer agrees to a contract that reduces prior authorization hurdles and claims denials, The Star Tribune reported Oct. 24. 

Franklin, Tenn.-based Community Health Systems saw an operating loss of $205 million (-6.6% margin) in the third quarter of 2024, ended Sept. 30, down from an operating income of $173 million (5.6% margin) during the same period last year, according to its most recent financial report.

While many hospitals and health systems have been forced to consolidate services and locations over the last few years, Morgantown, W.Va.-based WVU Medicine has been on a growth spree. 

Kodiak Solutions said its analysis of hospital inpatient and outpatient claims data suggests that payers are "continuing to apply their own criteria for inpatient admission and dismissing the two-midnight rule for Medicare beneficiaries."

HCA Healthcare carries on with a big 2024. 

Moody's downgraded Escondido, Calif.-based Palomar Health's rating to "B2" from "Baa3."

Two Alabama hospitals have shuttered in 2024 and another hospital's future is up in the air after recently defaulting on $60M in bond payments. 

Regulatory challenges, evolving coding practices and ethical concerns are the critical issues facing medical coders, according to an Oct. 18 report from Black Book Research. 

Burlington-based University of Vermont Medical Center alleged that a recent enforcement action by the Green Mountain Care Board will force the hospital to cut patient care and support services. 

Colorado has launched a new price transparency website dedicated to helping individuals find information about the cost of care at hospitals and by payer.

Flint, Mich.-based Insight Health System shared plans to lay off an unspecified number of employees at Trumbull Regional Medical Center and Hillside Rehabilitation Hospital, both in Warren, Ohio, after receiving bankruptcy court approval to purchase the two facilities from Dallas-based Steward Health Care on Oct. 16. 

Roseville, Calif.-based Adventist Health and Mendocino Coast Health Care District are making "steady progress" on optimizing the existing agreement to provide care at the district's hospital in Fort Bragg, Calif., according to an Oct. 17 joint statement.

Philadelphia-based Jefferson Health has committed $900 million for Allentown, Pa-based Lehigh Valley Health facilities over a three-year period in projects, The Philadelphia Inquirer reported Oct. 18. 

States' policy efforts to manage private equity in healthcare are examined in an Oct. 18 Commonwealth Fund blog post.

Montgomery, Ala.-based Jackson Hospital & Clinic and investor group HumanityCorp have mutually agreed to no longer pursue an affiliation between the two organizations. However,  HumanityCorp affiliate Capta Health Partners will continue to provide revenue cycle management services for the hospital.

Here are five health systems that had their outlooks downgraded by Fitch Ratings or Moody's Investors Service since Aug. 21: