Today's Top 20 Health Finance Articles
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10 hospitals seeking CFOs
Below are 10 hospitals and health systems that recently posted job listings seeking CFOs. -
Wisconsin system furloughs 3% of staff
Marshfield (Wis.) Clinic Health System is furloughing 3% of its workforce to help hit its financial turnaround goals. -
'Collaboration will reduce the cost': Penn Medicine CEO talks mergers, margin improvements
From maintaining a positive ratings outlook to having an engaged workforce, Kevin Mahoney, CEO of the University of Pennsylvania Health System, part of Philadelphia-based Penn Medicine said overall, 2023 was great for the health system, and for 2024, it's about continued margin improvement. -
Illinois cancer institute gets $10M state investment
Illinois Governor J.B. Pritzker awarded Carbondale-based Southern Illinois Healthcare a $10 million grant for its recent Carterville-based SIH Cancer Institute expansion. -
10 hospitals closing departments or ending services
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages. -
Apollo's 220-hospital 'stranglehold' harms patients and workers, report alleges
Private equity firm Apollo Global Management's ownership of two large health systems — Louisville, Ky.-based ScionHealth and Brentwood, Tenn.-based Lifepoint Health — downgrades hospital services, hurts workers and puts patients at risk, according to a study published Jan. 11 by the Private Equity Stakeholder Project. -
Why Nashville General Hospital is bringing employers into payer conversations
Niobis Queiro, interim chief revenue cycle officer at Nashville (Tenn.) General Hospital, said she believes both providers and payers want to give good care. The problem is payers also have a boss: the employers. -
2 Pennsylvania residency programs closing
Upland, Pa.-based Crozer-Chester Medical Center and Philadelphia-based Jefferson Einstein Hospital both announced closures to their residency programs the week of Jan. 7. -
Maine nursing homes face over $96M shortage, potential closures
As Maine nursing facility closures continue, the state has lost 23 nursing homes in less than 10 years, with nine of the closures happening since 2020. -
County ends deal assisting Minnesota system's patients with bills
Hennepin County, Minn., has ended a contract with Robbinsdale, Minn.-based North Memorial Health that gave the health system $24 million annually for a program to help patients struggling to pay for medical bills, NBC affiliate KARE reported Jan. 11. -
Intermountain's plan to narrow the payer-provider chasm
The payer-provider relationship is tough as inflation increases the cost of care while insurance companies aim to keep costs down in preparation for the aging population to expand. -
Providence closing outpatient labs across California
Renton, Wash.-based Providence, a nonprofit, faith-based health system, is closing its outpatient lab service line across multiple California hospitals to strengthen care delivery and partnerships with other lab service organizations, a spokesperson for Providence said in a statement shared with Becker's. -
Optum Health eyes bigger piece of value-based pie
UnitedHealth Group executives touted plans to expand the number of patients in value-based relationships in Optum Health in 2024. -
Rural hospitals' infrastructure problem
Across the U.S., many aging rural hospitals are facing a significant hurdle: They aren't able to finance capital and infrastructure improvement projects that would enable them to expand their services and boost revenue. -
UVM Health to cut 130 open jobs
Burlington-based University of Vermont Health Network is reducing 130 open positions in an effort to reduce costs. -
New York system submits maternity service closure plan after cease-and-desist letter
Albany, N.Y.-based St. Peter's Health Partners has submitted a closure plan for its Troy, N.Y.-based Samaritan Hospital's Burdett Birth Center to the state Department of Health. -
Cleveland Clinic targets $15.8B revenue in 2024
Cleveland Clinic unveiled its 2024 financial targets Jan. 8 at the J.P. Morgan Healthcare Conference in San Francisco. -
General Catalyst heads $95.5M investment in clinic chain
General Catalyst deepened its healthcare investments by leading a $95.5 million funding round for Harbor Health, a Texas-based chain of primary and specialty clinics in high growth mode. -
No respite for obstetrics service cuts
The ongoing maternity care crisis has made its way into 2024. While many hospitals and health systems were forced to cut maternity and obstetric services last year, more have announced cuts or closures in the last two weeks. -
Restructured Envision Healthcare names board
Envision Healthcare, which emerged from financial reorganization in November, has named five members to round out its board of directors.
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