Financial Management

Starting April 18, a series of regional meetings will be held by Massachusetts Gov. Maura Healey's administration with hospitals and community health centers to discuss Dallas-based Steward Healt...

https://www.beckershospitalreview.com/finance/massachusetts-governor-to-hold-meetings-on-steward-finances.html

Healthcare bankruptcies spiked in 2023 amid high debt levels and rising interest rates, with private equity firms owning 17 out of the 80 (21%) companies that filed for bankruptcy last year, acco...

https://www.beckershospitalreview.com/finance/private-equity-healthcare-bankruptcies-are-on-the-rise-8-things-to-know.html

The Oktibbeha County, Miss., board of supervisors has hired a consultant to survey Starkville, Miss.-based OCH Regional Medical Center in a first step to sell the facility, WTVA reported April 1...

https://www.beckershospitalreview.com/finance/mississippi-county-explores-hospital-sale.html

Chicago-based Northwestern Medicine posted an operating income of $104.8 million in the second quarter of 2024, down from $120.3 million posted over the same period last year. 

https://www.beckershospitalreview.com/finance/northwestern-medicine-posts-105m-in-q2-operating-income.html

All medical and nonmedical assets from shuttered St. Margaret's Health-Spring Valley (Ill.) are set to be auctioned by Centurion Service Group, a medical equipment life-cycle company.

https://www.beckershospitalreview.com/finance/shuttered-illinois-hospital-assets-to-be-auctioned-off.html

Dallas-based Tenet Healthcare operated 61 hospitals as of Dec. 31. 

https://www.beckershospitalreview.com/finance/tenet-hospitals-by-state.html

The American Medical Association's most recent survey found that 89% of physicians say prior authorization had a "significant or somewhat negative clinical impact," but the organization said the...

https://www.beckershospitalreview.com/finance/5-signs-of-prior-authorization-reform-progress-per-the-ama-2.html

A New York hospital seeking $83 million in state funding has filed a financial improvement plan that involves aggressively appealing insurance claims denials and limiting overtime and physician b...

https://www.beckershospitalreview.com/finance/cash-strapped-new-york-hospitals-deficit-plan-includes-aggressive-denial-appeals.html

Ontario, Calif.-based Prime Healthcare has bought the real estate of four facilities that comprise Saint Clare's Health in Denville, N.J., and St. Francis Medical Center in Lynwood, Calif., from ...

https://www.beckershospitalreview.com/finance/prime-ramps-up-hospital-real-estate-acquisitions-pay-down-debt.html

Multiple April bankruptcy court filings revealed that Camp Hill, Pa.-based Rite Aid has plans to shutter 53 additional locations across nine states after it filed for Chapter 11 bankruptcy and s...

https://www.beckershospitalreview.com/finance/rite-aid-to-shutter-53-additional-locations.html

Dallas-based Tenet Healthcare is accelerating its portfolio transformation towards a more value-based care enterprise with a leading specialty care platform, the company said in a proxy statement...

https://www.beckershospitalreview.com/finance/tenet-portfolio-transforms-amid-uspi-growth.html

RIP Medical Debt, which has helped to relieve more than $11 billion since its founding in 2014, has rebranded as Undue Medical Debt. 

https://www.beckershospitalreview.com/finance/rip-medical-debt-rebrands-broadens-goal.html

The Washington, D.C.-based National Rural Health Association and several health systems, hospitals, academic health centers, and state hospital associations have called on lawmakers to help resto...

https://www.beckershospitalreview.com/finance/cleveland-clinic-advocate-aurora-back-letter-to-lawmakers-over-cms-concerns.html

Mayo Clinic recently announced plans to make a $5 billion investment in its Rochester, Minn.-based campus late last year to replace old facilities and find "creative growth" areas, said Allison V...

https://www.beckershospitalreview.com/finance/mayo-clinic-5b-expansion-sparks-financial-planning-reboot.html

From his vantage point as CEO of University of Pennsylvania Health System, Kevin Mahoney sees a math problem unfolding for health systems of all types — one that will require stronger responses...

https://www.beckershospitalreview.com/finance/health-systems-face-more-than-one-math-problem.html

Rob Allen, president and CEO of Intermountain Health in Salt Lake City, is spending a lot of time thinking about changing payment mechanisms and the flow of care for the value-based environment. ...

https://www.beckershospitalreview.com/finance/intermountains-quest-upstream-for-value.html

The Massachusetts Health Policy Commission is still waiting on "key material" to review the proposed sale of Dallas-based Steward Health Care subsidiary Stewardship Health, the parent of Steward...

https://www.beckershospitalreview.com/finance/massachusetts-agency-awaits-key-materials-for-steward-optum-review.html

What are academic medical centers focusing on most amid increasing pressure to improve performance?

https://www.beckershospitalreview.com/finance/100-academic-medical-centers-top-10-operational-priorities.html

Massena (N.Y.) Hospital, a 25-bed facility that is part of St. Lawrence Heath, has converted into a critical access hospital. 

https://www.beckershospitalreview.com/finance/new-york-hospital-transitions-to-critical-access-facility.html

Fitch Ratings has upgraded Prime Healthcare Foundation's rating on a series of bonds from "BBB" to "BBB+" with its rating outlook at stable. 

https://www.beckershospitalreview.com/finance/prime-healthcare-gets-credit-rating-upgrade.html