Today's Top 20 Health Finance Articles
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The No. 1 organic growth opportunity on hospitals' horizon
A significant organic growth opportunity is on the horizon for health systems, and it's one that all healthcare stakeholders must embrace: an aging and retiring baby boomer generation. -
Steward sets 31-hospital auction timeline; Optum deal moves forward
Dallas-based Steward Health Care has shared a proposed bidding timeline for all of its hospitals to be sold after the for-profit system filed for Chapter 11 bankruptcy protection May 6. -
Banner Health sees operating income dip 30.3% in Q1
Phoenix-based Banner Health saw an operating income of $89.3 million, down from $128.1 million posted over the same period last year, according to its May 16 finance report. -
Kansas Prime hospital to shutter labor and delivery services, 22 employees affected
Kansas City, Kan.-based Providence Medical Center, part of Ontario, Calif.-based Prime Healthcare, plans to close its labor and delivery services, effective June 30, due to a declining rate of labor and delivery patients at the hospital. -
CommonSpirit posts $365M quarterly loss, -3.9% margin
Chicago-based CommonSpirit reported operating losses of $365 million and $411 million during the three- and nine-month periods ending March 31, 2024, compared to losses of $619 million and $1 billion during the same periods the year prior. -
Cleveland Clinic operating income up 55.7% in Q1
Cleveland Clinic posted an operating income of $50.2 million in the first quarter of 2024, up from $32.3 million posted over the same period last year, according to its May 15 finance report. -
Washington system trims losses after hospital closure
Vancouver, Wash.-based PeaceHealth has trimmed its operating losses after closing its Eugene (Ore.) University District Hospital, according to financial documents published May 13. -
43 health systems ranked by net income
Net incomes for health systems tanked in 2022 as inflation hit a record high, but many systems saw their net numbers improve in 2023 as nonoperating items, such as investment returns, rebounded. -
Dallas systems get $100M gift for pediatric campus
Children's Health and UT Southwestern Medical Center have received a $100 million donation to support the development of a new pediatric medical campus in Dallas. -
CommonSpirit takes 'firm stance' with payers
Chicago-based CommonSpirit is pushing for change in the dynamics of payer-provider relationships and is "taking a firm stance on contract renewals so payers absorb a share of inflation," management said in financial documents published May 15. -
Conifer is an 'incredibly valuable asset,' Tenet CEO says
Dallas-based Tenet Healthcare's revenue cycle management arm Conifer Health Solutions "has been an incredibly valuable asset" to the for-profit system, CEO Saum Sutaria, MD, said. -
Ascension cyberattack should not thwart financial rebound: Fitch
Ascension's financial turnaround should not be impeded to any great degree by the ransomware attack that the St. Louis-based system has suffered, Fitch Ratings said in a May 15 report. -
Corewell Health's operating income down in Q1
Grand Rapids and Southfield, Mich.-based Corewell Health posted an operating income of $65.7 million in the first quarter of 2024, down from $102 million posted over the same period last year, according to the system's May 14 financial report. -
Steward Louisiana hospital's CMS status restored
The Louisiana Department of Health has restored the CMS status of West Monroe, La.-based Glenwood Regional Medical Center, part of financially troubled Dallas-based Steward Health Care, and deemed it in compliance with the state DOH's relevant requirements. -
Texas hospital to close, lay off 94
Select Specialty Hospital in Longview, Texas, will close on or about June 30, resulting in the termination of 94 employees, Becker's has confirmed. -
The cost of unnecessary hospital days in 8 numbers
Hospitals across the U.S. are having capacity issues, leading to unnecessary stays and higher costs overall. -
Janus Health names CEO
RCM tech platform Janus Health has named Todd Doze its news CEO. -
2 Indiana hospitals to close labor and delivery services
Bluffton (Ind.) Regional Medical Center and Dukes Memorial Hospital in Peru, Ind., both part of Fort Wayne, Ind.-based Lutheran Health Network, have shared plans to end their inpatient labor and delivery services due to decreased birth rates. -
Alabama hospital to temporarily close labor and delivery unit
The labor and delivery unit at Demopolis, Ala.-based Whitfield Regional Hospital will pause until Sept. 1 following its primary provider taking extended leave with no other providers readily available to provide 24/7 service to the unit. -
RCM co. Alpha II taps CEO
Revenue cycle management company Alpha II has promoted Ashley Womack to CEO.
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