Dallas-based Tenet Healthcare started 2024 with a hospital selling spree that netted nearly $4 billion in gross proceeds. 

Dallas, Texas-based Steward Health Care filed for Chapter 11 bankruptcy on May 6. 

Douglas Arvin, West Market vice president and CFO of Essentia Health, has deployed multiple strategies to improve access and margin performance over the last few years.

Philadelphia-based Penn Medicine saw more than 5,800 patient transfers in the nine months ending March 31, a 16% increase from the same period a year earlier, according to a May 6 report from The Philadelphia Inquirer. 

Dallas, Texas-based Steward Health Care filed for Chapter 11 bankruptcy and will receive millions in financing from Medical Properties Trust to maintain operations at existing hospitals and clinics, according to a May 6 health system news release.

Philadelphia-based Rite Aid has said since it filed for Chapter 11 bankruptcy seven months ago that it will close more than 520 locations, according to a Bloomberg News analysis of court records.  

Hospitals and health systems are at a crossroads of increasing demand for higher acuity care and deepening financial instability, caused by rising costs due to ongoing workforce shortages, severe fractures in the drugs and supplies supply chain and high levels of inflation, according to a May 2 report published by the American Hospital Association. 

Expenses per provider remained considerably higher than revenue generated in the first quarter of 2024, although there are signs the gap could be closing, according to the Kaufman Hall "Physician Flash Report," released May 2.

Miami-based Nicklaus Children's Hospital's credit rating was upgraded to "AA-" from A+ by Fitch. 

Four of the largest for-profit hospital operators reported mixed financial results in the first quarter of 2024; three systems reported increases in first-quarter net income while one system posted a net loss for the third consecutive first quarter: 

A proposal making its way through the Delaware legislature would "devastatingly weaken" Lewes, Del.-based Beebe Healthcare and other community hospitals, its CEO David Tam, MD, said in an op-ed posted on the health system's website. 

Multiple hospitals and health systems have suffered downgrades to their financial ratings this year amid rising expenses, ongoing operating losses and challenging work environments.

The number of headlines and scientific journal articles attacking private equity as a central reason for many of the issues facing U.S. health care delivery appears to grow by the day.

Ten home health agencies and 11 hospice operations previously led by Cincinnati-based Bon Secours Mercy Health will now be managed by Compassus, a provider of home-based healthcare services. 

Hospital financials, on average, worsened in the first quarter, despite a relatively strong start to the year, as operating margins, volume and revenue declined, according to Kaufman Hall's latest "National Hospital Flash Report." 

Piedmont Augusta (Ga.) is reopening the emergency department and inpatient services at its Summerville campus after converting the location into an outpatient campus over a year ago.

UnitedHealth Group CEO Andrew Witty expressed that he was "deeply deeply sorry" about the impact that the late February cyberattack against Change Healthcare has had on patients and providers during May 1 congressional hearings.

Winston-Salem, N.C.-based Novant Health is looking to build a 26-bed, cancer-focused hospital.  

The largest health systems, on average, have far less market share than the top three payers in each state, despite concerns from policymakers and the public, according to a report published May 1 by the Association of American Colleges Research and Action Institute. 

Piedmont Atlanta Hospital plans to add 130 beds and hire more than 300 employees to address increased capacity pressures in the wake of Wellstar Atlanta Medical Center's 2022 closure, according to a certificate of need application filed April 1.