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.

The Louisiana Department of Health has restored the CMS status of West Monroe, La.-based Glenwood Regional Medical Center, part of financially troubled Dallas-based Steward Health Care, and deemed it in compliance with the state DOH's relevant requirements.

Select Specialty Hospital in Longview, Texas, will close on or about June 30, resulting in the termination of 94 employees, Becker's has confirmed.

Hospitals across the U.S. are having capacity issues, leading to unnecessary stays and higher costs overall.

RCM tech platform Janus Health has named Todd Doze its news CEO. 

Bluffton (Ind.) Regional Medical Center and Dukes Memorial Hospital in Peru, Ind., both part of Fort Wayne, Ind.-based Lutheran Health Network, have shared plans to end their inpatient labor and delivery services due to decreased birth rates.

The labor and delivery unit at Demopolis, Ala.-based Whitfield Regional Hospital will pause until Sept. 1 following its primary provider taking extended leave with no other providers readily available to provide 24/7 service to the unit.

Revenue cycle management company Alpha II has promoted Ashley Womack to CEO. 

Grand Blanc, Mich.-based McLaren Health Care posted an operating income of $44.5 million in the first half of fiscal year 2024 down from an operating income of $47.1 million over the same period last year, according to its May 14 financial report.