The Healthcare Financial Management Association awarded 17 providers the 2024 MAP Award for high performance in revenue cycle. 

Middletown, N.Y.-based Garnet Health has laid off 26 employees, about 1% of its workforce, and is restructuring some operations and services, according to a June 24 news release shared with Becker's.

Behavioral health, maternity care and nephrology are among the inpatient services that report the greatest operating losses and represent significant challenges for hospitals and health systems that continue to rebound financially while demand for higher acuity care increases. 

Revenue cycle management and consulting firm The Wilshire Group has acquired Trifecta Group.

When hospitals raise prices, local companies lay off workers to manage the cost of higher premiums, a new study from the National Bureau of Economic Research found. 

North Adams (Mass.) Regional Hospital reopened in March after abruptly closing a decade ago, but the hospital is still awaiting the critical access hospital designation that allowed its new owner to reopen the facility, The Berkshire Eagle reported June 23.

The U.S. national debt may exceed $50.7 trillion by 2034 as rising spending and interest expenses outpace tax revenues and deficits are amplified by increased costs for Medicare and Social Security, according to a report published June 18 by the Congressional Budget Office. 

Robbinsdale, Minn.-based North Memorial Health has closed the specialty nursery unit at its hospital in the city, the Star Tribune reported June 23.

St. Vincent Charity Community Health Center in Cleveland plans to close its psychiatric emergency services unit June 30 and transition care to Cleveland-based MetroHealth's new psychiatric emergency department.

At a time when many health systems are experiencing significant operating losses, others are looking to make lemonade out of lemons by leaning on top revenue-generating services for their hospitals to improve operations and increase revenue.

Fairfield, Calif.-based NorthBay Health is investing $250 million in a multi-year ambulatory network strategy with the aim of becoming the region's healthcare provider of choice by 2030.

A surge in hospital boarding is straining the finances of San Diego-based Scripps Health, forcing the health system to make tough decisions about its care services, Newsweek reported June 18. 

West Monroe, La.-based Glenwood Regional Medical Center, part of Dallas-based Steward Health Care, has laid off 23 employees.

Fitch raised revenue cycle management company Waystar's rating to "BB-" from "B."

Dallas-based Steward Health Care has extended the auction date for some of its 31 hospitals and its physician group, Stewardship Health, by three weeks.

Citing financial challenges, Cleveland-based University Hospitals is reducing its leadership structure by more than 10% as part of more than 300 layoffs.

City officials voted June 17 to extend a moratorium on development at Atlanta Medical Center for four more months, The Atlanta Journal-Constitution reported. 

Prior authorization is "wreaking havoc" on patient outcomes, physician burnout and productivity, a recent American Medical Association survey found.

Shuttered St. Margaret's Health-Spring Valley (Ill.) is up for Chapter 11 bankruptcy sale with a bid deadline of 5 p.m. CT July 24. 

Mount Sinai, Allina Health, Novant Health and Johns Hopkins Medicine are among the health systems that recently announced new CFOs as organizations continue to improve their operating performances after a tumultuous few years.