Grand Blanc, Mich.-based McLaren Health Care posted an operating income of $44.5 million in the first half of fiscal year 2024 down from an operating income of $47.1 million over the same period last year, according to its May 14 financial report. 

During the first quarter of 2024, hospitals and health systems across the nation experienced a rise in payments that were either delayed or missing, a report from Strata Decision Technology found. 

In January, Bend, Ore.-based St. Charles Health System launched a pilot program alongside the insurer PacificSource to streamline automatic coverage approval for patients needing cancer treatment.

CMS' expansion of the two-midnight rule, which could affect more than 20% of Medicare Advantage patients this year, has led to increased inpatient volumes and revenue growth for hospitals in the first quarter, according to a report published May 13 by Strata Decision Technology. 

Oakland, Calif.-based Kaiser Permanente plans to sell up to $3.5 billion of holdings in private-equity funds due to cash constraints, The Wall Street Journal said in a May 12 report citing unnamed sources "familiar with the matter."

Site-neutral payment policies are a hot topic every year across the healthcare industry and in Congress. Becker's has compiled the latest updates and policy changes leaders should know in 2024.

Hospitals charged commercial insurers and employers rates 254% higher, on average, than what Medicare paid for the same services in 2022, according to a Rand Corp. report published May 13. 

The immediate, direct impact of the pandemic on hospitals and health systems has subsided, but elevated labor expenses, inflationary pressures and declining inpatient admissions continue to affect clinical care patterns and financial performance, according to a report published May 8 by VMG Health.

California is seeking to divert more than $7 billion in funding from the healthcare sector to address a major funding deficit, according to a revised budget proposal released May 10. 

Optum's Eugene-based Oregon Medical Group will not enforce noncompete agreements for any departing physicians or advanced practice providers, ABC-affiliate KEZI reported May 10.

Below are 10 hospitals and health systems that recently posted job listings seeking CFOs and assistant CFOs.

Oakland, Calif.-based Kaiser Permanente reported $935 million in operating income for the first quarter up from a $233 million operating income reported in the same quarter last year, according to its May 10 financial report. Its operating margin grew from 0.9% in the first quarter of 2023 to 3.4% in the first quarter of this year. 

TruBridge, a healthcare solutions company, and Multiview Financial Software formed a strategic partnership May 8.

Health systems often strive to build a positive culture and increase employee engagement. But does it translate to a stronger bottom line?

King of Prussia, Pa.-based Universal Health Services has named Mark Cannon vice president of revenue cycle management, according to a May 10 post on his LinkedIn page. 

New Orleans-based Ochsner Health reported $1.8 billion in total revenue for the first three months ended March 31, 2024, a 4% increase from $1.72 billion during the same time period in 2023, according to its recent financial report.

MultiPlan CEO Travis Dalton said on the data analytics firm's May 8 earnings call that the company's strategy is not affected by recent lawsuits filed by health systems. 

Somerville, Mass.-based Mass General Brigham posted an operating income of $29.7 million (0.6% operating margin) in the second quarter of fiscal year 2024, up from a $6 million loss (-0.1% operating margin) posted during the same period last year, according to the health system's May 9 financial report.

Dallas-based Steward Health Care led losses again for Medical Properties Trust, one of the world's largest hospital real estate owners, in the first quarter of 2024, ended March 31, according to MPT's recent financial reports. 

Here are seven health systems that had their outlooks upgraded by Fitch Ratings or Moody's Investors Services since March 22.