Pennsylvania Attorney General Michelle Henry shared in an Aug. 22 bankruptcy court notice, obtained by Becker's, that Dallas-based Steward Health Care is seeking $1.5 million from the state by Aug. 23 or the health system will submit a closure notice for Sharon (Pa.) Regional Medical Center. 

Shelly Soileau, CFO of Opelousas (La.) General Health System, has been in her new role for just over two months, but with 25 years of healthcare experience under her belt, she's hit the ground running with a major focus on one glaring industry challenge: patient transportation.

New Jersey Gov. Phil Murphy on Aug. 20 announced that thousands of eligible individuals and families in the state will have some or all of their medical debt eliminated as part of an initiative to make healthcare more affordable and accessible.

CMS released a report on Aug. 20 detailing complaints related to No Surprises Act and ACA compliance. 

Midland, Mich.-based MyMichigan Health saw an operating income of $26.7 million (6.6% operating margin) in the fourth quarter of 2024 ended June 30, a 454.8% increase from an operating income of $4.8 million (1.4% operating margin) during the same time period in 2023, according to the health system's Aug. 20 financial report. 

HCA Healthcare revealed in February executive incentive pay would be tied to quality and financial metrics for 2024. Top executives must hit specific targets to achieve their performance awards, with 80% focused on EBITDA targets and 20% on quality metrics targets.

Going back a decade, health systems like Providence "probably had a mindset where we needed to do everything ourselves," CFO Greg Hoffman told Becker's. 

Lawmakers are continuing to press for tougher regulations on MultiPlan, the New York Times reported Aug. 21. 

Dallas-based Steward Health Care plans to close Trumbull Regional Medical Center and Hillside Rehabilitation Hospital, both in Warren, Ohio, on or around Sept. 20 after the facilities failed to attract qualified buyers, the health system said in an Aug. 21 statement shared with Becker's.

Fort Myers, Fla.-based Lee Health is moving forward in its conversion from a public nonprofit to a private nonprofit health system.

New York City-based Apollo Global Management, an alternative investment manager, has rejected the $4.5 million proposal from Massachusetts Gov. Maura Healey's administration to take over Dallas-based Steward Health Care's Boston-based St. Elizabeth's Medical Center.

Renton, Wash.-based Providence posted an operating loss of $123 million in the second quarter of 2024, a $79 million improvement from the $202 million loss the 51-hospital system posted during the same period last year.

The American Hospital Association is once again in conflict with Arnold Ventures LLC, a billionaire-backed organization that the AHA accuses of spreading misinformation about hospitals.

Health system C-suites are thinking differently about growth and finding new ways to pursue the premium dollar as margins remain tight and care moves out of the hospital.

As Dallas-based Tenet Healthcare has sold off hospitals in 2024, its Conifer subsidiary has struck contracts to provide revenue cycle management services for the offloaded hospitals. 

Cheryl Sadro, senior vice president and CFO of Baltimore-based Johns Hopkins Medicine and executive vice president and CFO of Johns Hopkins Health System, has been in her dual role since early January. Now nearly eight months in, one of Ms. Sadro's many goals for the health system is to focus on margin improvements post-pandemic.

Cleveland-based University Hospitals has signed a definitive agreement to sell some lab assets to Quest Diagnostics for improved efficiency and affordability of services.  

Jellico (Tenn.) Regional Hospital is one step closer to reopening after the Jellico Board of Mayor and Aldermen voted 3-2 to install Community Hospital Management LLC as the new operator of the city's hospital, the LaFollette Press reported Aug. 20.

Houston-based Texas Children's operating losses have snowballed to $354.8 million (-7.8% margin) for the nine months ending June 30, a striking drop from the $139.1 million operating gain (2.9% margin) the system posted in the previous nine-month period, according to financial documents published Aug. 20. 

Robbinsdale, Minn.-based North Memorial Health's flagship Robbinsdale Hospital has projected $124 million in losses related to government programs in 2024 due to a financial crisis brought on by the payer mix in its service area, a spokesperson for North Memorial Health said in an Aug. 20 statement shared with Becker's.