Today's Top 20 Health Finance Articles
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Jefferson outsourcing 'limited number' of administrative roles
Philadelphia-based Jefferson Health is outsourcing an unspecified number of back-office positions, The Philadelphia Inquirer reported Jan. 9. -
Hospital margins dip to 3.3%
Average nonprofit hospital margins dipped to 3.3% in November, according to Kaufman Hall's "National Hospital Flash Report," released Jan. 9. -
Henry Ford Health CFO on Ascension Michigan JV, $3B expansion plans
From launching a joint venture with Ascension Michigan on Oct. 1 to getting the green light to move forward with a $3 billion development plan with Michigan State University and the Detroit Pistons, Detroit-based Henry Ford Health had a successful 2024, and is looking to build on that success in 2025. -
Orlando Health to close Florida hospital, open new facility
Orlando (Fla.) Health will close its Longwood, Fla.-based South Seminole Hospital and move patients and employees to its new Orlando Health Lake Mary (Fla.) Hospital on Jan. 11. -
SUNY Upstate asks New York governor for $450M to build new ED
The State University of New York's board of trustees in Albany have asked Gov. Kathy Hochul for $450 million to develop a hospital annex for Syracuse, N.Y.-based Upstate University Hospital to house a new emergency department, burn center and additional operating rooms, Syracuse.com reported Jan. 8. -
Aspirus Michigan hospital ends labor, delivery services
Laurium, Mich.-based Aspirus Keweenaw Hospital, part of Wausau, Wis.-based Aspirus Health, ended its labor and delivery services on Dec. 31. -
Labcorp to manage NJ system's lab operations
Labcorp has struck an agreement to manage the daily operations of Vineland, N.J.-based Inspira Health's hospital laboratories in Vineland, Elmer, and Mullica Hill. -
90% of hospital execs anticipate financial gains in 2025: Report
Ninety percent of hospital leaders expect financial performance to remain similar to or better than 2024, driven by increased utilization (77%) and success with commercial contracting (56%), according to a VMG Health report published Jan. 9. -
2 hospital closures in 2025
The healthcare landscape continues to change as hospitals and emergency departments face mounting challenges in 2025. Following a trend of 25 hospital closures reported on by Becker's in 2024, many facilities are being forced to close their doors due to changing community needs, rising operational costs and evolving care models. -
New York hospital to close beds due to nursing shortage
Rochester (N.Y.) General Hospital plans to close beds temporarily as the hospital aims to recruit more staff nurses and cut spending, according to a report from News 10, an NBC affiliate. -
Oklahoma hospital closes
Pauls Valley, Okla.-based Valley Community Hospital closed Jan. 8, KTEN reported Jan. 9. -
Pennsylvania system to end inpatient care at New York hospital
Westfield (N.Y.) Memorial Hospital plans to end inpatient care and focus on providing outpatient and emergency care if CMS and the New York State Department of Health approve its application to transition to a rural emergency hospital. -
3 planned hospital reopenings
A shuttered California hospital is nearing reopening and BradenHealth recently purchased two hospitals with plans to restore services. -
HCA offers lifeline to Catholic system on 'brink of bankruptcy': 6 things to know
Manchester, N.H.-based Catholic Medical Center was reported to be on "the brink of bankruptcy" before New Hampshire Attorney General John Formella approved its $110 million acquisition by Nashville, Tenn.-based HCA Healthcare on Jan. 6. -
Hospital margin pressures mount, outlook 'not encouraging'
Health system operating margins dropped slightly in November for the fourth month in a row, according to data from Strata Decision Technology. -
Impact Advisors taps former R1 exec to spearhead revenue cycle expansion
Healthcare management consulting firm Impact Advisors has hired Wes Arnett to lead efforts to expand its Revenue Cycle Managed Services practice. -
Medical debt to be cut from credit reports: 4 things to know
Medical bills will no longer be included on credit reports under a rule finalized by the Consumer Financial Protection Bureau. -
Fitch adjusts Cone Health's rating to align with Kaiser's 'AA-': 6 things to know
Fitch Ratings marked Greensboro, N.C.-based Cone Health's bond rating at "AA-", down from "AA", after joining Risant Health with its rating outlook stable. -
10 health systems seeking revenue cycle vice presidents
Ten hospitals and health systems recently posted job listings seeking revenue cycle vice presidents. -
New York health system improves operating margin from -10.8% to -4.2%
Middletown, N.Y.-based Garnet Health reported a $25.6 million loss (-4.2% margin) for the nine months ending Sept. 30, compared to a $59.3 million loss (-10.8% margin) for the same period in 2023.
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