Healthcare Finance

About 1 in 5 healthcare bankruptcies in 2023 owned by PE firms

April 18, 2024 - A new report reveals a record year for healthcare bankruptcies as more private equity-owned companies filed for bankruptcy in 2023. There were approximately 80 healthcare bankruptcies last year, according to the report recently published by the Private Equity Stakeholder Project, a non-profit organization dedicated to identifying and engaging...

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Risant Health completes Geisinger acquisition

by Jacqueline LaPointe

Washington DC-based Risant Health recently announced the complete acquisition of Geisinger, a health system in Pennsylvania that serves approximately 1.2 million people. The 10-hospital system, with...

Hospital financial performance off to a strong start

by Jacqueline LaPointe

Hospital financial performance has stayed strong through the beginning of the year, according to the latest data from healthcare consulting firm Kaufman Hall. The latest “National Hospital Flash...

Lower reimbursement rates, denials behind razor-thin margins

by Jacqueline LaPointe

Hospitals and health systems are operating on razor-thin margins as reimbursement rates and denials create financial woes, a new survey indicates. The survey conducted by the Healthcare Financial...

$460B spending bill averts shutdown, some physician pay cuts

by Jacqueline LaPointe

Congress narrowly avoided a partial government shutdown, sending a $460 billion spending bill to the President’s desk over the weekend. The bipartisan deal, passed by the House 339-85 last...

PE Practice Ownership Raises Concerns About Competition

by Jacqueline LaPointe

It is well known that private equity (PE) firms have invested heavily in physician practices, but a new study sheds light on how these practice acquisitions could impact competition in many areas. The...

January Hospital Margins Dip, But Overall Finances Remain Stable

by Victoria Bailey

Hospital margins in January were down slightly from December 2023, but finances are more stable compared to previous years, according to a report from Kaufman Hall. The latest edition of the National...

What’s Behind Private Equity’s Interest in RCM Vendors

by Jacqueline LaPointe

A major offer from a private equity firm is making waves in the revenue cycle management (RCM) vendor space, showcasing private equity’s interest in RCM vendors and software. New Mountain Capital, a private equity and capital firm...

Non-Profit Health Systems Need Positive Margins

by Jacqueline LaPointe

Non-profit health systems receive a lot of scrutiny because of their tax status, with some critics accusing systems of valuing revenue over patient care. However, a new report from Deloitte makes the...

R1 RCM May Go Private After $5.8B Private Equity Offer

by Jacqueline LaPointe

R1 RCM has received an offer from private equity firm New Mountain Capital that would prompt the revenue cycle management vendor to go private, according to a regulatory filing. New Mountain Capital...

Half of US Rural Hospitals Operate at a Loss

by Jacqueline LaPointe

Rural healthcare’s outlook just worsened, according to a new analysis from Chartis, a healthcare advisory firm. The updated analysis of key indicators such as rural hospital operating margin,...

Revenue Cycle Management, AI Take Center Stage in 2024

by Jacqueline LaPointe

Healthcare CFOs are optimistic about the financial outlook this year as their organizations put revenue cycle management, dealmaking, and technology investments on the top of their priority lists. The...

Hospital Finances Approach Pre-Pandemic Levels

by Jacqueline LaPointe

Hospital financial performance is getting back on track after organizations faced the toughest year since the beginning of the COVID-19 pandemic, according to new data from Kaufman Hall and Syntellis...

Healthcare Administrative Spending Increased by 50%

by Jacqueline LaPointe

Administrative costs in healthcare are rising as payers and providers navigate staffing shortages, cybersecurity threats, and other challenges coming off of the COVID-19 pandemic. The eleventh annual...

Steward Health Care Faces Financial Troubles, Possible Closures

by Jacqueline LaPointe

Steward Health Care, a for-profit health system headquartered in Dallas, Texas, is facing grave financial troubles, which may create ripples across the country. The Boston Globe reported on Jan. 19th...

How a GoFundMe Page Aims to Keep a Rural Hospital Open

by Jacqueline LaPointe

When financial troubles turned dire, leaders of a rural hospital turned to a popular source of funding to support their efforts to get back on their feet: GoFundMe. Crowdfunding platforms like GoFundMe are popular among individuals...

CMS: Healthcare Spending Accelerated, Reaching $4.5T in 2022

by Jacqueline LaPointe

US healthcare spending picked back up last year, reaching a total of $4.5 trillion in 2022, according to the latest numbers from CMS. Healthcare spending growth accelerated, growing by 4.1 percent in...

COVID-19 Surges Led to Fluctuating Occupancy Rates at Hospitals

by Victoria Bailey

COVID-19 surges in 2020 led to increased occupancy in inpatient settings and intensive care units (ICUs) and declining surgical occupancy rates, creating unstable financial conditions for hospitals, a...

Hospitals See Margins Above Pandemic Levels in October

by Jacqueline LaPointe

Hospital financial performance improved in October, signaling continued stabilization in the wake of the COVID-19 pandemic, according to the latest “National Hospital Flash Report” from...

Labor Expenses Hurt Hospital Financial Performance

by Jacqueline LaPointe

Workforce challenges continue to dampen hospital financial performance as labor expenses remain high, according to the latest “National Hospital Flash Report” from healthcare consulting...

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