Reinvesting in caregivers and charting a more sustained path, but uncertainties remain, says St. Charles Health CFO

Bend, Ore.-based St. Charles Health has had to deal with many of the challenges facing health and hospital systems across the country. For St. Charles, that included resulting cost-cutting measures such as laying off 105 employees and eliminating 76 va…

McLaren Health has ratings affirmed as it emerges profitably from pandemic

Grand Blanc, Mich.-based McLaren Health Care had its ratings affirmed at “AA-” as the 14-hospital system continues to enjoy strong market share and resilient profitability, Fitch Ratings said March 20.

Senator questions private equity's role in employee death, assaults at Iowa hospital

Private equity involvement in a rural hospital in Iowa raises questions over a possible link with the recent death of a hospital staff member there and the subsequent discovery of sexual assaults on several female patients, Sen. Chuck Grassley said Mar…

NYC Health + Hospitals further expands its affordable housing initiative

NYC Health + Hospitals is investing further in affordable housing on land it owns in a bid to improve the health outcomes of some of its most vulnerable patients, according to a March 17 Affordable Housing Finance report.

Most health debt is owed to hospitals, and minorities and low-income people bear the brunt

Americans are knee-deep in medical debt and most of that debt is owed to hospitals, with minority and low-income patients dealing with a disproportionate amount of it, according to a March 18 Washington Post report.

HHS sued by hospitals over 'delayed' Medicare DSH payments

About 40 hospitals across five states have filed a lawsuit against HHS Secretary Xavier Becerra, alleging that yearslong delays in correcting Medicare disproportionate share hospital payments have cost them “tens of millions” of dollars.

Jefferson budgets for $80M loss this year

Joseph Cacchione, MD, CEO of Jefferson Health, told the audience at the Philadelphia Business Journal’s Healthcare CEO Summit that the system expects to end the 2023 fiscal year with an $80 million loss as labor and supply costs continue to increase. B…

Quest Diagnostics acquires Northern Light lab in Maine

Quest Diagnostics has acquired select assets of Northern Light Laboratory, the outreach lab services business of Brewer, Maine-based Northern Light Health.

Montefiore Health reports $98.5M operating loss in 2022

New York City-based Montefiore Health System has reported an operating loss of $98.5 million for 2022 on approximately $7 billion of annual revenues as expenses rose 4.7 percent over the previous year.

Providence suffers rating downgrade as operational challenges persist

Renton, Wash.-based Providence, which reported a fiscal 2022 operating loss of $1.7 billion, was downgraded as the 51-hospital system continues to deal with ongoing operational challenges, Fitch Ratings said March 17.

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