Sutter launches ‘sweeping review’ of finances after $321M operating loss

Sutter launches 'sweeping review' of finances after $321M operating loss

Dive Brief: Sutter Health is launching a “sweeping review” of its finances and operations due to the pandemic’s squeeze on the system in 2020, which led to a $321 million operational loss, the system said Thursday.  The giant hospital provider

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Sutter Health posts sizable 2020 loss, announces sweeping review of finances

Sutter Health posts sizable 2020 loss, announces sweeping review of finances

Sutter Health posted a sizable operating loss in 2020 as the pandemic interrupted the pipeline of routine care and drove up labor expenses. The Sacramento-based not-for-profit health system lost $321 million on $13.2 billion in operating revenue in 2020, a

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Hospitals still struggle with volumes, finances due to COVID-19

Hospitals still struggle with volumes, finances due to COVID-19

Dive Brief: The distribution of vaccinations may signal an end in sight for the pandemic, but COVID-19 continues to financially impact hospital operations, according to the latest report from Kaufman Hall. Hospital operating margins remained deeply depressed compared to January

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CommonSpirit’s finances held steady at end of 2020

Mass General Brigham's operating performance perked up in final months of 2020

A combination of sicker patients and stable commercial reimbursement anchored CommonSpirit Health’s finances at the end of 2020. Executives on the not-for-profit health system’s investor call Monday for the quarter ended Dec. 31, 2020—the second quarter of its fiscal 2021—noted

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New Report Details COVID-19’s Devastating Impact on Home Care Finances, Staffing Levels

Staffing Reclaims Title of Home-Based Care Industry’s Biggest Challenge

In January, New York Gov. Andrew Cuomo released a proposed budget that included a slew of cuts to make up for the $15 billion deficit that the state was facing amid the ongoing public health emergency. On Wednesday, the Home

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Hospital finances bleak as 2020 nears close, Kaufman Hall says

Hospital finances bleak as 2020 nears close, Kaufman Hall says

Dive Brief: The already bleak financial situation for U.S. hospitals isn’t improving, with margins down month over month and volumes and revenues continuing to fall across most metrics, according to Kaufman Hall’s latest monthly flash report. Expenses also remained high

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COVID-19 surge threatens hospital finances

5 traits of companies succeeding during COVID

Hospital operating margins are poised to fall as COVID-19 cases increase, new data show. Although the federal relief funding buoyed hospitals, the median hospital operating margin still dropped 1.2 percentage points (8.5%) year over year, and 1.7 percentage points (18.7%)

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COVID-19 surges may dull for-profit hospitals’ Q3 finances

COVID-19 grants won't factor into some providers' 2020 debt ratios

If Tenet Healthcare Corp. is any indication, continued COVID-19 surges may have made the third quarter particularly challenging for investor-owned hospital chains. Florida and Texas, both of which are home to many for-profit hospitals, were major coronavirus hot spots in

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Referral ‘leakage’ drains health system finances

CMS will boost inpatient rehab payments by 2.4% in 2021

Keeping patients in a provider’s network has become even more of a priority as health systems look to rebound from the COVID-19 pandemic, according to a new survey.Almost all of the 138 health system and hospital executives surveyed in January

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Many MS Patients Struggle With Finances, Forgo Treatments

Many MS Patients Struggle With Finances, Forgo Treatments

By Robert Preidt HealthDay Reporter TUESDAY, Sept. 15, 2020 (HealthDay News) — More than three-quarters of Americans with multiple sclerosis (MS) experience financial difficulties that often prevent them from getting treatment, new research claims. “Our study results demonstrate

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