Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.
Nine-in-ten CFOs plan to meet cost reduction targets in less than 12 months, according to a new survey.
The ratings agency indicated that nonprofit hospital medians peaked prior to the coronavirus outbreak.
Cutting costs has always been an important part of the financial equation for provider organizations but now in the face of severe bottom line pressures and an uncertain future, it might be more critical than ever.
Additionally, the healthcare company's earnings from operations nearly doubled year-over-year.
The lawsuit was filed in the District Court for the Northern District of California late last week.
The two companies said that the extension will support Allscripts' Sunrise™ service, a cloud-based electronic health record.
The preliminary hearing is set for August 12-13, according to SCSFC Judge Anne-Christine Massullo.
Michael Allen says proactive forecasting in mid-March following the outbreak and subsequent shutdowns allowed OSF to navigate a challenging financial time.
The earnings release came one day after Walgreens announced its primary care partnership with VillageMD.
The two Chicago-based provider organizations expect the transaction to be finalized by the end of 2020 pending regulatory review and approval.