Credit analysts are watching St. Charles Health System closely to see how it can improve its bottom line after posting a record $138 million loss. The health system, which employs about 4,500 people in four hospitals in Central Oregon, posted the record loss in the second quarter.
The Senate today voted 72-25 to pass and send to the House a continuing resolution that would extend current federal funding levels for health care and other programs through Dec. 16.
BUFFALO, N.Y. — New York State is providing a little relief to a local health care provider this week. Kaleida Health has been struggling financially since the beginning of the pandemic in 2020. The health care system has reported losses of $200 million.
Federal pandemic aid is mostly gone, and rising labor and supply costs – and static reimbursement rates – are forcing hospitals to rethink how they provide care.
After 50 years of profit, Yale New Haven Hospital is in its second straight year of losing more money than it earned. As a result, the company made 155 cuts to administrative positions last Wednesday, including the firing of 72 hospital managers and the elimination of 83 vacant positions, all based in New Haven. The cuts were made at both junior and senior levels of administration, though they will not directly or immediately impact patient care.
