Pittsburgh-based UPMC posted a $338.9 million operating loss (-1.1 operating margin) in 2024, compared to an operating loss of $198.3 million (-0.7 margin) in 2023, according to its Feb. 28 financial report.
Category: Becker’s Hospital Review
5 CFOs' keys to a strong CEO partnership
A strong CEO-CFO partnership remains as important as ever as health systems navigate ever-growing series of challenges, ranging from regulatory uncertainty to tight margins.
The other physician pipeline problem
There are countless projections about the worsening U.S. physician shortage, especially as the aging population grows and requires higher acuity care. Lots of attention is paid to supporting the medical student pipeline, but the healthcare industry mig…
The tools Sharp HealthCare plans to leverage in 2025
The last five years at San Diego-based Sharp HealthCare have been defined by major infrastructure and technology investments, including its systemwide 2024 launch of an Epic EHR system, President and CEO Chris Howard told Becker’s.
The top strategies pharmacy leaders use to maximize cost savings
Pharmacy leaders across the country are implementing initiatives to improve efficiency, reduce costs and enhance patient care.
Nashville General CEO resigns following investigation
Joseph Webb, DSc, CEO of Nashville (Tenn.) General Hospital, has resigned following an investigation into allegations of fraud, wasteful spending and policy violations occurring at the executive level of the safety-net facility, multiple media outlets …
HCA acquires Prime Florida hospital
Nashville, Tenn.-based HCA Healthcare has completed the purchase of Lehigh Acres, Fla.-based Lehigh Regional Medical Center, from Ontario, Calif.-based Prime Healthcare.
500+ hospitals drop mental health questions for physicians
More than 500 hospitals nationwide have removed questions on physicians’ mental health from licensing or credentialing applications, according to the Dr. Lorna Breen Heroes’ Foundation.
14 hospitals closing departments or ending services
A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.
The strategy low performing hospitals have in common
Many factors affect a hospital’s financial performance. External pressures, inflation, reimbursements and workforce shortages can hit hospitals hard. But there are also internal management similarities between the lowest performing hospitals that are h…
