Nashville, Tenn.-based HCA Healthcare posted a net income of nearly $1.5 billion in the second quarter of 2024, up from $1.2 billion over the same period in 2023, according to the for-profit health system's July 23 finance report. 

Norman (Okla.) Regional Health System is closing its flagship Norman Regional Hospital and emergency department and relocating services to another location on July 28.

As the closure of New York City-based Mount Sinai's Beth Israel hospital remains in limbo, the health system has expressed concerns over threats to "lock up" specific Mount Sinai senior executives should the hospital close in violation of a temporary restraining order. 

Medicare Advantage provides health coverage to more than half of the nation's older adults, but some hospitals and health systems are opting to end contracts with MA plans over administrative challenges.

It's not about independence for the sake of independence for Ken Westman, CEO of Aitkin, Minn.-based Riverwood Healthcare Center.

Fitch upgraded Omaha-based Nebraska Methodist Health System's rating to "A+" from "A."

Generative artificial intelligence adoption is the top internal concern for finance chiefs, according to Deloitte's "CFO Signals Survey 2Q 2024." 

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.