Prime Healthcare plans to convert Suburban Community Hospital, a 126-bed facility in East Norriton, Pa., into a microhospital that focuses on emergency care and services including imaging, lab and pharmacy.

Charlotte, N.C.-based Advocate Health reported $103.7 million in first-quarter operating income, compared to $10.4 million during the same period in 2023, according to financial documents published May 28.

April marked the 12th consecutive month hospitals saw year over year gross revenue increases across both inpatient and outpatient metrics, according to a May 23 report from Strata Decision Technology. 

Mitch Leckelt, CEO of UP Health System - Bell in Ishpeming, Mich., has shut down rumors that the hospital's women's care and birthing center will be closing.

Several hospitals and health systems are on the search for a new CFO.

The momentum behind CommonSpirit's financial rebound hit a speed bump in the third quarter of the fiscal year as the health system reported operating losses of $365 million and $411 million during the three- and nine-month periods ending March 31, 2024, compared to losses of $619 million and $1 billion during the same periods the year prior.

There could be hope for the reopening of Williamston, N.C.-based Martin General Hospital as a rural emergency hospital after the facility closed last August and filed for bankruptcy.

Penn State Health Milton S. Hershey (Pa.) Medical Center will discontinue both its kidney and liver transplant programs after both were placed on a voluntary pause.

The Delaware Senate has passed a bill that would impose a 3.58% tax on the state hospitals' net patient revenues, the Delaware News Journal reported May 28.

New York City-based NewYork-Presbyterian reported an operating income of  $112.5 million (4.1% margin) in the first quarter, up from $398.7 million (3.9% margin) in the same period last year.

Eastern Niagara Hospital in Lockport, N.Y. will go up for auction a second time after it closed June 17.

Orlando (Fla.) Health posted an operating income of $126.9 million in the second quarter of 2024, down from $134.7 million posted over the same period last year, according to its May 23 financial report. 

Ascension, Trinity Health and CommonSpirit, which operate more than 380 acute care hospitals combined, reported substantial operating improvements in fiscal year 2024 to date, but executives at each system maintain there is still much work to do. 

Chicago-based CommonSpirit is concerned about Medicaid funding across many of the states in which it operates, but "doubly concerned" about California, its strongest market and the state in which about 30% of its business occurs, CFO Dan Morissette said during a May 23 investor call. 

New York City-based Mount Sinai has submitted a revised July 12 closure plan for Beth Israel Hospital to the New York Department of Health after hitting several road bumps since it submitted the initial plan to close in October. 

Kodiak Solutions said in a May 21 report that if payers used consistent criteria for making prior authorization/preficiation claim denials, the denial rates would be similar across all payer categories. 

Juneau, Alaska-based Bartlett Regional Hospital is considering cutting back or closing six programs due to financial strain, Juneau Empire reported May 24.

Trinity Health of New England, part of Livonia, Mich.-based Trinity Health, is not budging in its negotiations with UnitedHealthcare over a new contract to replace the current deal that expires at midnight on June 30.

CVS Health is seeking an investor to fund the expansion of Oak Street Health, Bloomberg reported May 23. 

Salt Lake City-based Intermountain Health posted an operating income of $134 million in the first quarter of 2024, up from an operating income of $104 million in the same period last year, according to its May 21 financial report.