Business

The Port of Baltimore is one of the busiest in America. A cargo ship collided with the Francis Scott Key bridge, bringing it down and potentially impacting supplies.

The Lown Institute, a nonprofit think tank, says the “fair share deficits” of nonprofit hospitals amount to $25 billion. Hospitals say the institute’s report is flawed.

Two hospitals that served patients for more than a century shut down Friday. Hospital Sisters Health System said financial challenges led to the closure of the facilities.

The American Hospital Association said 94% of its members have suffered financially due to the ransomware attack. Most are also seeing impacts on patient care.

Health systems should look at cybersecurity as more than an expense. Improving cybersecurity can strengthen the brand and open new business possibilities.

The U.S. Department of Health & Human Services wants to determine if there was a violation of federal privacy regulations. HHS noted the ‘direct threat’ to patient care.

Dan Dodson, the CEO of Fortified Health Security, talks about the risks to hospitals, AI in attacks and defense, and what health systems can do to protect themselves.

A Kentucky health systems appoints new leaders, and other executives take new roles.

Lawmakers crafted a package to fund the government through the fall. Health systems gained some wins, but physicians bemoaned cuts in Medicare payments.

United HealthGroup, Change’s parent company, expects to begin testing the claims network on March 18. Hospitals and doctors say the attack has caused major disruptions.

Operating margins remain modest, but Fitch projects some growth in the year ahead.

President Biden outlined some healthcare priorities in his annual address to Congress, including lower prescription costs and expanding research.

The health system has opened a new children’s hospital in Utah. Katy Welkie of Intermountain talks about the fundraising effort, and lessons from the campaign.

The U.S. Department of Health & Human Services outlines steps to help providers. The American Hospital Association and others called for more action.

The ripple effects continue, as oncology practices have seen delays in processing claims and authorizations, as well as filling prescriptions for cancer patients.

Hospitals are facing ‘a financial cliff’ from the attack on the UnitedHealth Group subsidiary. Officials warn the crisis threatens the solvency of some providers.

The announcement comes just weeks after Tenet announced plans to sell four other California hospitals.

Northwell Health and Nuvance Health announced Wednesday that they plan to come together. Northwell said it would make substantial investments in Nuvance.

WellSpan Health announces its plans to bring Evangelical Community Hospital into the system.

The federal government approved new regulations to streamline the process of getting approvals. Critics point to major gaps, including the timelines for insurers to respond.

Physicians say the process of securing approval delays care for patients and leads to burnout and moral distress for providers.

Walgreens is shutting down some VillageMD locations, and CVS is closing clinics in the Los Angeles area. Both say they’re committed to primary care, but it’s not an easy road.

Nonprofit health systems are showing improvements, but even with expected gains, they’re likely to remain below pre-pandemic levels.

Gov. Maura Healey pressed Steward Health Care to begin a ‘safe, orderly transition’ amid the system’s financial struggles, and warns that the state will close beds and transfer patients if needed.

AccessOne’s 2023 consumer survey paints a vivid picture of the average American’s financial struggles and what healthcare organizations can do to help them.