The American Hospital Association and the Federation of American Hospitals are asking for more time to comment on CMS' proposed Transforming Episode Accountability Model. 

There has been an uptick in Nashville, Tenn.-based HCA Healthcare executives offloading their shares in the company over the past few weeks.

Livonia, Mich.-based Trinity Health reported a 47.3% year-over-year increase in net income to $1.3 billion for the nine months ending March 31, 2024, according to financial documents published May 17.

Dallas-based Baylor Scott & White Health posted $967 million in operating income (8.5% margin) through the first nine months of fiscal year 2024, up from $743 million (7.2% margin) over the same period last year, according to the health system;s May 17 finance report. 

Optum is closing a Change Healthcare facility in Toledo, Ohio, resulting in the termination of 129 employees located in Ohio or working remotely.

Renton, Wash.-based Providence is back in the black after reporting a $176 million operating gain (2.3% margin) in the first quarter, a significant improvement on the $345 million operating loss (-5.1% margin) reported in the first quarter of 2023. 

Warren Nimetz, a director at King of Prussia, Pa.-based Universal Health Services, sold 725 shares of the company's stock on May 16, according to a recent Securities and Exchange Commission filing.

A significant organic growth opportunity is on the horizon for health systems, and it's one that all healthcare stakeholders must embrace: an aging and retiring baby boomer generation. 

Dallas-based Steward Health Care has shared a proposed bidding timeline for all of its hospitals to be sold after the for-profit system filed for Chapter 11 bankruptcy protection May 6. 

Phoenix-based Banner Health saw an operating income of $89.3 million, down from $128.1 million posted over the same period last year, according to its May 16 finance report. 

Kansas City, Kan.-based Providence Medical Center, part of Ontario, Calif.-based Prime Healthcare, plans to close its labor and delivery services, effective June 30, due to a declining rate of labor and delivery patients at the hospital. 

Chicago-based CommonSpirit 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.

Cleveland Clinic posted an operating income of $50.2 million in the first quarter of 2024, up from $32.3 million posted over the same period last year, according to its May 15 finance report. 

Vancouver, Wash.-based PeaceHealth has trimmed its operating losses after closing its Eugene (Ore.) University District Hospital, according to financial documents published May 13. 

Net incomes for health systems tanked in 2022 as inflation hit a record high, but many systems saw their net numbers improve in 2023 as nonoperating items, such as investment returns, rebounded.

Children's Health and UT Southwestern Medical Center have received a $100 million donation to support the development of a new pediatric medical campus in Dallas. 

Chicago-based CommonSpirit is pushing for change in the dynamics of payer-provider relationships and is "taking a firm stance on contract renewals so payers absorb a share of inflation," management said in financial documents published May 15. 

Dallas-based Tenet Healthcare's revenue cycle management arm Conifer Health Solutions "has been an incredibly valuable asset" to the for-profit system, CEO Saum Sutaria, MD, said. 

Ascension's financial turnaround should not be impeded to any great degree by the ransomware attack that the St. Louis-based system has suffered, Fitch Ratings said in a May 15 report. 

Grand Rapids and Southfield, Mich.-based Corewell Health posted an operating income of $65.7 million in the first quarter of 2024, down from $102 million posted over the same period last year, according to the system's May 14 financial report.