Dallas-based Steward Health Care is canceling the auction and sale hearings for three of its 31 hospitals after receiving no qualified bids.

Nonprofit hospital expenses and revenue climbed at nearly the same rate in May, showing stability after a volatile few months to begin the year, according to Kaufman Hall's National Hospital Flash Report.

UK HealthCare has called off plans to build a community hospital in the Hamburg area of Lexington, Ky., a spokesperson for the health system confirmed to Becker's.

Greg Damron has only been in his new role as CFO of Columbia-based University of Missouri Health Care for a little over a month, but in that time, he has learned the ins and outs of the organization.

Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice are mulling a rival bid to take over R1 RCM, Bloomberg reported July 18. 

From supply chain disruptions and market volatility to inflationary pressures and skyrocketing labor costs, Cambridge, Mass.-based Beth Israel Lahey Health CFO Cindy Rios feels there's an industrywide need to re-engineer healthcare. 

King of Prussia, Pa.-based Universal Health Services' board of directors has authorized a $0.20 per share cash dividend to be paid on September 17. 

Moody's upgraded Orlando (Fla.) Health's outlook from stable to positive. 

As private equity ownership continues to be a hot topic in healthcare, a recent Becker's LinkedIn poll revealed that 50% of the 778 respondents feel that private equity ownership is having a "mostly negative" impact on hospitals. 

Commercial healthcare costs will increase by a projected 8% in 2025, driven by inflationary pressure, prescription drug spending and behavioral health utilization, according to a report from the PwC Health Research Institute.

Sidecar Health and Toledo, Ohio-based ProMedica have inked a new pricing and patient access agreement.

Brentwood, Tenn.-based Ardent Health raised about $192 million in a downsized initial public offering, Bloomberg reported July 18. 

From mitigating inflation to monitoring changes in volume and labor cost trends, hospital and health system CFOs have been tasked with navigating multiple financial challenges in the first six months of 2024. 

Thoughtful AI, an artificial intelligence-powered revenue cycle automation company, has raised $20 million through a Series A funding round.

CMS has published the final part two guidance regarding plan outreach and education for the Medicare prescription payment plan, which aims to ensure that people with Medicare prescription drug coverage are aware of the payment option. 

Providence (R.I.) Community Health Centers is closing its Olneyville Health Center on July 31, The Providence Journal reported on July 18.

Nurses rallied outside Suburban Community Hospital in East Norriton, Pa., on July 17 to protest Prime Healthcare's downsizing of the facility and to seek answers to questions they argue that the health system has evaded. 

Two firms recently announced a flurry of moves that saw them collectively acquire seven revenue cycle management companies.

Healthcare affordability has become a greater struggle for Americans, with the percentage of Americans who can afford and access prescription drugs and quality healthcare at 55%, a six-point decline since 2022.

Medical assets from two closed hospitals — St. Elizabeth Medical Center and Faxton St. Luke's Healthcare-St. Luke's Campus, both in Utica, N.Y. — are set to be auctioned by a medical equipment company.