The newest addition to the lineup of AKASA AI assistants enables coding teams to work with unparalleled comprehensiveness to improve case mix index and reduce denials

Madera (Calif.) Community Hospital has received the first installment of its loan to bolster its reopening efforts. 

CMS is winding down financial assistance to providers that had Medicare payments disrupted by the cyberattack on Change Healthcare. 

Greg Hoffman, CFO of Providence, Wash.-based Providence, is joining the board of directors for patient billing company Cedar.

A group of U.S. lawmakers have written a letter to the U.S. Department of Labor Acting Secretary Julie Su requesting the department's support for Dallas-based Steward Health Care employees and retirees throughout the health system's bankruptcy ordeal. 

Hospital outpatient departments are "lucrative corners" of the healthcare market that are raising the cost of outpatient procedures and frustrating patients, Daniell Ofri, MD, PhD, a primary care physician at New York City-based Bellevue Hospital, wrote in an opinion piece posted on The New York Times.

St. Louis-based Mercy posted an operating income of $114.7 million through the first nine months of fiscal 2024, up from an operating loss of $84.4 million over the same period last year, according to its June 14 financial report. 

Nonprofit hospital operating margins are up double-digits year over year, according to Kaufman Hall's "National Hospital Flash Report" released June 3.

In an era where inflation challenges the healthcare industry, Charleston, W.Va.-based Vandalia Health is pioneering strategies to maintain financial health and service excellence.

Dallas-based Steward Health Care has received approval from U.S. Bankruptcy Judge Chris Lopez for a $225 million loan to support operations ahead of the auctioning of its 31 hospitals and physician group, Stewardship Health.

Moody's on June 12 downgraded the ratings of two health systems:

The board of directors for Fort Myers, Fla.-based Lee Health voted 9-1 in support of converting the health system from a public nonprofit to a private nonprofit. 

West Reading, Pa.-based Tower Health recently agreed a $142 million debt refinancing deal with bondholders to almost double its days of cash on hand and secure a longer runway to  execute its financial turnaround and return to profitability.

Cincinnati-based Mercy Health is seeking proposals from developers for the next phase of its redevelopment of the former St. Luke's campus in Maumee, Ohio.

Below are 10 hospitals and health systems that recently have posted job listings seeking CFOs and assistant CFOs.

Hospitals across the board have adopted at least one value-based care model, covering almost half of their patient populations, as healthcare continues its push away from fee for service. But only 29% of hospital leaders report substantial cost savings from value-based care models, suggesting a need to explore other strategies to ensure fiscal stability, according to a report published June 12 by FTI Consulting's "Hospital Operations Outlook Survey."

Boston-based Dana-Farber Cancer Institute reported a $62 million operating income for the six months ended March 31, up from an operating income of $54.3 million over the same period last year, according to its June 11 financial report. 

Los Angeles-based Prospect Medical Holdings has been ordered to pay more than $17.3 million of unpaid bills to hospital vendors within 10 days by Rhode Island Superior Court Judge Brian Stern on June 12, according to court documents obtained by Becker's. 

Meadowbrook, Pa.-based Holy Redeemer Health System had its rating downgraded to "BB-" from "BB+" by Fitch.

CMS expects national health spending to reach $7.7 trillion by 2032, with 2023 expenditures projected to have hit $4.8 trillion and have grown by a rate of 7.5%.