The absence of meaningful healthcare policy through the 2024 election marks a lost opportunity and even more lost time for health system leaders. 

Bradenton, Fla.-based MCR Health, a nonprofit medical group, has filed several WARN notices to lay off a total of 47 employees after it sought Chapter 11 protection Nov. 11.

New York City-based NYU Langone reported an operating income of $431.4 million (3% margin) for the fiscal year ending Aug. 31, compared with a $358.8 million gain (2.9% margin) in fiscal 2023, according to financial documents published Nov. 18. 

Although Bob Glenning, president of the financial and digital technology services division and CFO of Edison, N.J.-based Hackensack Meridian Health, plans to retire in just under a month, his passion to ensure long-term success for the health system has not wavered. 

Hospitals had a stable financial performance in September, with inpatient revenue and average length of stay increasing, according to Kaufman Hall's National Hospital Flash Report.

Fitch Ratings has reaffirmed WellSpan Health's "AA-" bond rating, citing its strong financial profile and leading position in central Pennsylvania.

Miami-based CareMax, a senior healthcare provider, sought Chapter 11 protection Nov. 17 and has entered into an agreement with Revere Medical to sell its management services organization and core clinic business assets. The transactions are part of a pre-arranged Chapter 11 restructuring plan which is fully supported by the company's secured lenders.

Indianapolis-based Indiana University Health is implementing a new operating model, consolidating from six regions to four, which will see a "small number" of mostly nonclinical leadership roles eliminated, the health system said in a Nov. 15 news release shared with Becker's.

Minneapolis-based Allina Health reported a $154.4 million operating income (9.6% operating margin) in the third quarter of 2024, a substantial increase from the $109.9 million operating loss (-8.8% margin) posted over the same period last year, according to its Nov. 14 financial report. 

Connecticut's Office of Health Strategy has reached an agreement with Stafford, Conn.-based Johnson Memorial Hospital, part of Hartford, Conn.-based Trinity Health of New England, to allow the hospital to terminate labor and delivery services.

On Nov. 14, St. Louis-based Ascension shared plans to close a micro-hospital in Wisconsin and consolidate higher acuity-care services to fewer hospitals in southeast Wisconsin. 

Alta Vista Regional Hospital in Las Vegas, N.M., has eliminated three positions — two full-time and one part-time — as it works to align its workforce with operational needs.

Charlotte, N.C.-based Advocate Health reported an operating income of $964.2 million (3.7% operating margin) through the first three quarters of 2024, up from $79.4 million (0.3% margin) reported over the same period last year. 

Detroit-based Henry Ford Health posted an operating income of $268.9 million (4.1% operating margin) through the first three quarters of 2024, up from $27.3 million (0.5% margin) over the same period last year, according to its Nov. 14 financial report. 

Burlington-based The University of Vermont Health Network has shared plans for significant clinical services and administrative reductions in response to Vermont budget cuts issued by the Green Mountain Care Board.

Moody's affirmed Orlando (Fla.) Health's "A2" rating but lowered its outlook to stable from positive after it acquired eight hospitals in October.

Hospitals are facing a stable outlook as the median operating cash flow margin nears 7%, although growth is slowing, according to a Nov. 13 report issued by Moody's Investor Services.

Cleveland-based University Hospitals was gifted with a $3.2 million donation to support construction of the new Iris S. and Bert L. Wolstein Center at UH Cleveland Medical Center.

The hospital workforce is critical to the care process and is most often the largest expense on a hospital or health system's balance sheet. Even before the pandemic, labor expenses — which include costs associated with recruitment and retention, employee benefits and incentives — accounted for more than 50 percent of hospitals' total expenses, according to the American Hospital Association. 

Bradenton, Fla.-based MCR Health, a nonprofit medical group, sought Chapter 11 protection Nov. 11, the Tampa Bay Business Journal reported Nov. 13.