Tupelo-based North Mississippi Health Services will eliminate some jobs, ask some team members to consider reassignment to a different job, and reduce hours in some jobs to improve the organization's financial picture, according to a message sent to employees July 12 from President and CEO Shane Spees.
Tech-enabled revenue cycle management company Aspirion has acquired Continuum Health Solutions.
Mount Sinai Medical Center of Greater Miami enjoyed a boost to its outlook from stable to positive, Fitch Ratings said July 12.
Louisville, Ky.-based Norton Healthcare has been assigned an "A+" rating on new debt totaling $166 million, which is related to capital expenditure projects, Fitch said July 12.
Vicksburg, Miss.-based KPC Promise Hospital has closed, Mississppi Today reported July 12.
Health systems understand that urgent care is not going away, leading many to acquire or partner with such groups to reduce market competition and serve as a funnel for their specialty care services.
A Colorado hospital, which received a cash infusion from local government as its debt was being paid off through its days of cash on hand stockpile, has reported an audited $5.9 million operating loss for 2022.
Mass General Brigham in Somerville, Mass., is on track to meet cost savings goals under its agreement with the state's Health Policy Commission, Commonwealth Magazine reported July 12.
The House Education & Workforce Committee advanced four bills July 12 that look to strengthen healthcare price transparency.
Portland, Ore.-based Legacy Health has inked a tentative deal to sell its lab operations to Labcorp in a restructuring move that aims to improve its financial health.
Here is a summary of recent credit downgrades and outlook revisions for hospitals and health systems.
A new law in main requires hospitals and providers to report facility fees, which will be published online, according to the Portland Press Herald.
Seventeen New York hospitals and health systems have sued 1,600 patients to collect $9 million in medical debts since 2022, despite state efforts to curb the practice, according to a July 12 report from the USA Today Network New York.
CFOs have been faced with unprecedented economic factors in the past three years, but pay has steadily increased to meet this burden, according to a recent analysis by DataRail, a financial planning and analysis platform,
Scottsdale, Ariz.-based HonorHealth inked a deal to purchase the remaining interest in 26 FastMed urgent care centers.
Honolulu-based Kuakini Health System, which was placed on CreditWatch with negative implications April 14, saw both its "CCC" ratings and credit watch affirmed by S&P Global July 11.
A growing shortage of accountants has started showing in financial statements of large companies, The Wall Street Journal reported July 11.
It is safe to say that opinions on whether coding "destroys everything" in healthcare vary from complete support of that position to robust defense of the coding industry and the workers employed in it, according to LinkedIn comments in the wake of a June 29 Becker's article.
More than a dozen states have considered or passed legislation to better define what charity care means, increasing the scrutiny on nonprofit hospitals and health systems, according to a July 11 KFF Health News report.
Despite the post-COVID-19 financial strain on hospitals, Pittsburgh-based UPMC is still investing in its long-term priorities, CFO Edward Karlovich told Lehigh Valley Business July 10.