The American Medical Association released updates Sept. 10 to its Current Procedural Terminology code set for 2025.

Administrative costs now account for more than 40% of hospitals' total expenses for delivering patient care, with a significant portion driven by the rising number of care denials stemming from the growing use of artificial intelligence tools by insurers.

Dallas-based Steward Health Care filed a Sept. 10 stipulation that Pennsylvania will provide $1.5 million to the for-profit health system's Sharon (Pa.) Regional Medical Center for three months to keep it from closing.

Seventy-seven percent of health system finance leaders surveyed said they are using some form of revenue cycle outsourcing, according to a Sept. 9 report from consulting company Guidehouse. 

Joanna Weiss was named CFO of Tampa, Fla.-based Moffitt Cancer Center in May, but her time with the system dates back much further. 

Swedish private equity firm EQT is acquiring a controlling interest in GeBBS Healthcare Solutions from ChrysCapital. 

Rural healthcare faces significant financial challenges that hinder the delivery of quality medical services. Limited resources, outdated systems, and complex reimbursement processes exacerbate these difficulties. Financial ERP (Enterprise Resource Planning) software has emerged as a strategic advantage, offering rural healthcare providers finance teams the tools to streamline operations, improve financial management, and enhance patient care through faster decision making.

Dallas-based Steward Health Care filed a Sept. 9 notice to push back the sale hearing dates for some of its hospitals across four states.

Johnson City, Tenn.-based Ballad Health is selling select operating assets of its outreach laboratory services to Labcorp. 

RCM technology — such as automation, artificial intelligence and machine learning — is the top revenue cycle investment priority for health systems over the next year, according to a Sept. 9 report from consulting company Guidehouse. 

Kaufman Hall's most recent July 2024 "National Hospital Flash" report shed a light on financial stability that is continuing to spread across hospitals in the U.S. 

While payroll increases and labor shortages continue to challenge hospitals, there is some good news. Wage inflation is leveling off, according to Fitch Ratings.

Payer challenges are by far the top area of stress for revenue cycle departments, according to a Sept. 9 report from consulting company Guidehouse. 

All medical and nonmedical assets for Dallas-based Steward Health Care's closed Dorchester, Mass.-based Carney Hospital and Ayer, Mass.-based Nashoba Valley Medical Center will be auctioned off during an online auction on Sept. 12, Sept. 16, and Sept. 17.

University of Southern California Verdugo Hills Hospital in Glendale will close its labor and delivery services, along with its neonatal intensive care unit, on Nov. 20 and lay off 65 employees, according to a Sept. 20 WARN notice obtained by Becker's.

About 6% of healthcare CEOs come directly from the CFO position, according to a recent report from Crist Kolder Associates. 

Massachusetts Gov. Maura Healey has committed $417 million over a span of three years to ensure the operation of six Dallas-based Steward Health Care hospitals under new ownership.

While hospital finances continue to stabilize, a Kaufman Hall July "National Hospital Flash" report found that financial performance for health systems is trending lower than hospitals.

The average CFO's tenure is 4.7 years, according to a recent report from Crist Kolder Associates. 

Becker's has reported on five hospitals that have reopened their doors in 2024, including a West Virginia hospital that closed amid COVID-19: