Sixty-five percent of health system revenue cycle leaders surveyed believe generative AI will have a substantial effect on their medical coding operations, according to an Oct. 16 report from Akasa. 

Relationships between providers and Medicare Advantage (MA) plans have become more strained as payers aggressively deny claims. To ensure providers' financial sustainability and patients' access to care, health systems must implement new strategies to maintain their current revenue from MA plans and to generate new sources of revenue.

In the current environment, surgeries and procedures are Trinity Health's "revenue engine," chief transformation officer Ray Anderson, PhD, said on the Livonia, Mich.-based system's Oct. 16 investor call. 

As many hospitals and health systems continue to struggle with financial and operational challenges, three female CFOs are working to enhance healthcare delivery, implement innovative solutions and optimize financial performance at their organizations to ensure long-term sustainability.

Hospital labor costs rocketed over the last four years, hitting margins and cash flow hard, according to Moody's. And the problem isn't going away any time soon.

New Jersey has eliminated $120 million in medical debt for 77,000 residents in the second round of its relief plan. 

A California hospital is aiming to reopen just shy of two years after it closed its doors, ABC affiliate KFSN reported Oct. 16 

Lewes, Del.-based Beebe Healthcare CFO Ryan Kennedy has been with the health system for a little more than two months, but is already working on big financial plans for the health system in 2025.

Supported by one of the largest donations it has ever received, Children's Hospital Los Angeles will open an educational institute to train pediatric health professionals.

Williamson (W.Va.) Memorial Hospital exemplifies a rare success story in today's challenging healthcare environment.

Coniva, Calif.-based Emanate Health will lay off a total of 107 employees, according to multiple WARN notices obtained by Becker's.

UnitedHealth Group is seeing "unusually aggressive and high unit cost asks" from hospitals, CEO Andrew Witty said. 

Walgreens will close around 1,200 retail stores over three years, including around 500 closures in fiscal year 2025, according to its earnings report for the 2024 fiscal year ended Aug. 31.

Pennsylvania lawmakers are advancing a bill that aims to provide more oversight for hospital acquisitions and major consolidations.

Greenville, S.C.-based Prisma Health opened a $32 million multispecialty ambulatory surgery center.

Fort Myers, Fla.-based Lee Health's board of directors voted Oct. 7 to convert to a private nonprofit health system, News-Press reported Oct. 14.

Oakland, Calif.-based Kaiser Permanente has shared plans to lay off 20 employees across multiple California locations, effective Dec. 6, according to multiple WARN notices obtained by Becker's. 

Philadelphia-based Temple University Health System saw its operating performance move back into the black in fiscal 2024. 

The median physician subsidy increased in the second quarter while the gap between primary care and surgical specialists widened, according to data from Kaufman Hall's Physician Flash Report.

CVS Health's Coram is discontinuing its infusion service offerings for antibiotics, inotropic medications, total parenteral nutrition and other acute home infusion therapies and plans to close or sell 29 regional pharmacies in the coming months, according to an Oct. 11 statement shared with Becker's.