Health systems often strive to build a positive culture and increase employee engagement. But does it translate to a stronger bottom line?

King of Prussia, Pa.-based Universal Health Services has named Mark Cannon vice president of revenue cycle management, according to a May 10 post on his LinkedIn page. 

New Orleans-based Ochsner Health reported $1.8 billion in total revenue for the first three months ended March 31, 2024, a 4% increase from $1.72 billion during the same time period in 2023, according to its recent financial report.

MultiPlan CEO Travis Dalton said on the data analytics firm's May 8 earnings call that the company's strategy is not affected by recent lawsuits filed by health systems. 

Somerville, Mass.-based Mass General Brigham posted an operating income of $29.7 million (0.6% operating margin) in the second quarter of fiscal year 2024, up from a $6 million loss (-0.1% operating margin) posted during the same period last year, according to the health system's May 9 financial report.

Dallas-based Steward Health Care led losses again for Medical Properties Trust, one of the world's largest hospital real estate owners, in the first quarter of 2024, ended March 31, according to MPT's recent financial reports. 

Here are seven health systems that had their outlooks upgraded by Fitch Ratings or Moody's Investors Services since March 22.  

Some Dallas-based Steward Health Care employees did not receive their May 9 paychecks on time due to a "processing error" with Bank of America after the health system filed for Chapter 11 bankruptcy May 6.

R1 RCM is allowing its two biggest shareholders to discuss a potential joint buyout of the company, according to a regulatory filing. 

Massachusetts Gov. Maura Healey and Steward Health Care CEO Ralph de la Torre, MD, continue to assure the public that the health system's hospitals will provide good care despite the company recently filing for Chapter 11 bankruptcy protection.

East Orange, N.J.-based CareWell Health Medical Center is pushing back against the state's depiction of its financial situation as the state health department seeks a disaster plan, NJ.com reported May 8. 

Fitch Ratings revised Providence, R.I.-based Care New England's outlook from negative to stable. 

Kathy Parrinello, executive vice president and COO of University of Rochester (N.Y.) Medical Center, Strong Memorial Hospital, saw an opportunity to grow revenue by rethinking ancillary service line strategy, particularly in outpatient pharmacy.

R1 RCM posted a net loss of $35.1 million in the first quarter of 2024, compared to a net income of $1.6 million over the same period last year, according to the company's May 8 financial report. 

Dallas-based Steward Health Care has placed its 31 U.S. hospitals up for purchase to help offload its $9 billion debt after the health system filed for Chapter 11 bankruptcy, Reuters first reported May 7.

UnitedHealth Group's Optum has its own bank, but it has no branches and is dedicated solely to healthcare services.

Here is a look at Dallas-based Tenet Healthcare's payer mix in the first quarter of 2024, according to a Securities and Exchange Commission filing: 

Dallas-based White Rock Medical Center laid off nearly 35% of its staff and has resumed taking patients transported by emergency medical services after halting them temporarily due to the layoffs, The Dallas Morning News reported May 7. 

Carroll, Iowa-based St. Anthony Regional Hospital has completed its transition to a critical access facility, the Carroll Times Herald reported May 6. 

Steve Aleman, CFO of Ontario, Calif.-based Prime Healthcare knows a thing or two about healthcare real estate acquisition.