Today's Top 20 Health Finance Articles
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Ohio hospital to transfer outpatient psychiatric services
St. Vincent Charity Community Health Center in Cleveland plans to close its psychiatric emergency services unit June 30 and transition care to Cleveland-based MetroHealth's new psychiatric emergency department. -
Hospitals must kick fee-for-service 'addiction,' CFOs say
At a time when many health systems are experiencing significant operating losses, others are looking to make lemonade out of lemons by leaning on top revenue-generating services for their hospitals to improve operations and increase revenue. -
California system investing $250M in ambulatory care network
Fairfield, Calif.-based NorthBay Health is investing $250 million in a multi-year ambulatory network strategy with the aim of becoming the region's healthcare provider of choice by 2030. -
'A huge economic issue,' per Scripps' CEO
A surge in hospital boarding is straining the finances of San Diego-based Scripps Health, forcing the health system to make tough decisions about its care services, Newsweek reported June 18. -
Steward Louisiana hospital lays off 23 employees, including leadership
West Monroe, La.-based Glenwood Regional Medical Center, part of Dallas-based Steward Health Care, has laid off 23 employees. -
Fitch expects Waystar to be 'one of the more meaningful' RCM providers
Fitch raised revenue cycle management company Waystar's rating to "BB-" from "B." -
Auction for some Steward hospitals delayed 3 weeks
Dallas-based Steward Health Care has extended the auction date for some of its 31 hospitals and its physician group, Stewardship Health, by three weeks. -
University Hospitals to cut 300+ jobs, including some VP, C-suite roles
Citing financial challenges, Cleveland-based University Hospitals is reducing its leadership structure by more than 10% as part of more than 300 layoffs. -
City extends development pause on Atlanta Medical Center
City officials voted June 17 to extend a moratorium on development at Atlanta Medical Center for four more months, The Atlanta Journal-Constitution reported. -
Prior authorization is 'wreaking havoc': AMA survey
Prior authorization is "wreaking havoc" on patient outcomes, physician burnout and productivity, a recent American Medical Association survey found. -
Closed Illinois hospital up for sale
Shuttered St. Margaret's Health-Spring Valley (Ill.) is up for Chapter 11 bankruptcy sale with a bid deadline of 5 p.m. CT July 24. -
Health systems shake up CFOs
Mount Sinai, Allina Health, Novant Health and Johns Hopkins Medicine are among the health systems that recently announced new CFOs as organizations continue to improve their operating performances after a tumultuous few years. -
AKASA Unveils AKASA Medical CodingTM for Enhanced Revenue Cycle Management With Generative AI
The newest addition to the lineup of AKASA AI assistants enables coding teams to work with unparalleled comprehensiveness to improve case mix index and reduce denials -
California hospital gets first $15M to aid reopening
Madera (Calif.) Community Hospital has received the first installment of its loan to bolster its reopening efforts. -
CMS to end Change hack funding assistance in July
CMS is winding down financial assistance to providers that had Medicare payments disrupted by the cyberattack on Change Healthcare. -
Providence CFO joins Cedar's board of directors
Greg Hoffman, CFO of Providence, Wash.-based Providence, is joining the board of directors for patient billing company Cedar. -
Lawmakers push retirement, healthcare protection for 30,000 Steward employees
A group of U.S. lawmakers have written a letter to the U.S. Department of Labor Acting Secretary Julie Su requesting the department's support for Dallas-based Steward Health Care employees and retirees throughout the health system's bankruptcy ordeal. -
A 'lucrative corner' of the healthcare market
Hospital outpatient departments are "lucrative corners" of the healthcare market that are raising the cost of outpatient procedures and frustrating patients, Daniell Ofri, MD, PhD, a primary care physician at New York City-based Bellevue Hospital, wrote in an opinion piece posted on The New York Times. -
Mercy posts $115M operating income through Q3
St. Louis-based Mercy posted an operating income of $114.7 million through the first nine months of fiscal 2024, up from an operating loss of $84.4 million over the same period last year, according to its June 14 financial report. -
52 statistics on hospital profitability
Nonprofit hospital operating margins are up double-digits year over year, according to Kaufman Hall's "National Hospital Flash Report" released June 3.
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