Today's Top 20 Health Finance Articles
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Penn State Health to discontinue kidney, liver transplant programs
Penn State Health Milton S. Hershey (Pa.) Medical Center will discontinue both its kidney and liver transplant programs after both were placed on a voluntary pause. -
Delaware hospital tax clears Senate hurdle
The Delaware Senate has passed a bill that would impose a 3.58% tax on the state hospitals' net patient revenues, the Delaware News Journal reported May 28. -
NewYork-Presbyterian posts $112.5M operating income, 4.1% margin in Q1
New York City-based NewYork-Presbyterian reported an operating income of $112.5 million (4.1% margin) in the first quarter, up from $398.7 million (3.9% margin) in the same period last year. -
Shuttered New York hospital up for auction a 2nd time
Eastern Niagara Hospital in Lockport, N.Y. will go up for auction a second time after it closed June 17. -
Orlando Health posts $127M operating income in Q2
Orlando (Fla.) Health posted an operating income of $126.9 million in the second quarter of 2024, down from $134.7 million posted over the same period last year, according to its May 23 financial report. -
CommonSpirit, Ascension, Trinity: How the 3 largest nonprofit systems' finances stack up
Ascension, Trinity Health and CommonSpirit, which operate more than 380 acute care hospitals combined, reported substantial operating improvements in fiscal year 2024 to date, but executives at each system maintain there is still much work to do. -
CommonSpirit 'doubly concerned' about California Medicaid
Chicago-based CommonSpirit is concerned about Medicaid funding across many of the states in which it operates, but "doubly concerned" about California, its strongest market and the state in which about 30% of its business occurs, CFO Dan Morissette said during a May 23 investor call. -
Mount Sinai's Beth Israel submits revised closure plan
New York City-based Mount Sinai has submitted a revised July 12 closure plan for Beth Israel Hospital to the New York Department of Health after hitting several road bumps since it submitted the initial plan to close in October. -
Prior authorization inpatient claim denial rate by payer type
Kodiak Solutions said in a May 21 report that if payers used consistent criteria for making prior authorization/preficiation claim denials, the denial rates would be similar across all payer categories. -
Alaska hospital proposes cutting 6 programs
Juneau, Alaska-based Bartlett Regional Hospital is considering cutting back or closing six programs due to financial strain, Juneau Empire reported May 24. -
Trinity 'taking a stand' against UnitedHealthcare
Trinity Health of New England, part of Livonia, Mich.-based Trinity Health, is not budging in its negotiations with UnitedHealthcare over a new contract to replace the current deal that expires at midnight on June 30. -
CVS seeks private equity funding to open new Oak Street sites: Bloomberg
CVS Health is seeking an investor to fund the expansion of Oak Street Health, Bloomberg reported May 23. -
Intermountain operating income rises to $134M in Q1
Salt Lake City-based Intermountain Health posted an operating income of $134 million in the first quarter of 2024, up from an operating income of $104 million in the same period last year, according to its May 21 financial report. -
Texas announces $17M grant for rural hospitals
Texas is awarding $17 million in grants to rural hospitals in the state. -
Temporarily closed Ohio hospital had bankruptcy application rejected
An Ohio hospital that temporarily suspended services had its application for Chapter 9 bankruptcy rejected, CBS affiliate WTOL reported May 22. -
'No silver bullets' to improve margins, OSF CFO says
Peoria, Ill.-based OSF HealthCare has seen drastic improvements to its financial performance over the last two years, a performance that has allowed the health system to see revenue growth and expand its M&A footprint. -
SSM Health posts $20M operating loss in Q1
St. Louis-based SSM Health reported a $20.4 million operating loss in the first quarter of 2024, down from an operating loss of $16.5 million posted over the same period last year, according to its May 22 financial report. -
5 things to know about Penn Medicine's new CFO
Philadelphia-based University of Pennsylvania Health System has named Julia Puchtler its next CFO, effective July 1. -
Gen X, Y worry about Medicare's future
Concern about Medicare's future is no longer unique to current beneficiaries and older Americans. -
Rising inpatient claim denials drained $1.2B in hospital revenue: Report
The final denial rate on inpatient claims increased 51% between 2021 and 2023, according to a May 21 report from Kodiak Solutions (formerly Crowe).
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