Philly Area Health Systems Financial Problems

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Financial struggles at Philly-area health systems show no signs of

(5 days ago) WebTemple University Health System, which has expanded through the acquisition of Chestnut Hill Hospital and the soon-to-open Temple Women’s Hospital, reported a $59.8 million operating loss at the end of 2022 after a gain of $8.5 million in …

https://www.inquirer.com/business/health/philadelphia-area-hospitals-financial-results-2022-20230228.html

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The Philadelphia-region’s nonprofit health systems: a recap of …

(5 days ago) WebPhiladelphia-area nonprofit health systems have started reporting their financial results for the summer months, so it’s a good time to recap the year that ended …

https://www.msn.com/en-us/money/companies/the-philadelphia-region-s-nonprofit-health-systems-a-recap-of-fiscal-2023-financial-results/ar-AA1jA3Ng

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These Philadelphia-area hospitals had the highest …

(7 days ago) WebIn fiscal years 2020 and 2021, Pennsylvania hospitals received about $2.8 billion in Covid relief funding, according to the Hospital and Healthsystem Association of Pennsylvania (HAP).

https://www.bizjournals.com/philadelphia/news/2022/06/09/phc4-pennsylvania-hospitals-financial-fy-2021.html

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Financial struggles at Philly-area health systems show no signs of

(5 days ago) WebFive of Southeastern Pennsylvania's nonprofit health systems lost money in the three months that ended on Dec. 31. Temple University Health System reported a $59.8 …

https://ground.news/article/financial-struggles-at-philly-area-health-systems-show-no-signs-of-letting-up

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Philly-Area Hospitals Are Still Facing Cost Pressures

(6 days ago) WebThe Inquirer has been tracking financial results at Philadelphia-area health systems. Here's a round-up. The Inquirer has been tracking financial results at …

https://www.realclearpennsylvania.com/2023/06/05/philly-area_hospitals_are_still_facing_cost_pressures_903590.html#!

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Financial Stability of Philadelphia Health Care Industry …

(7 days ago) WebThe health care and social assistance sector provides about a quarter of Philadelphia’s jobs and has historically been resilient amid economic shocks. But COVID-19 has affected this industry more than …

https://www.pewtrusts.org/en/research-and-analysis/articles/2022/03/03/financial-stability-of-philadelphia-health-care-industry-suffered-during-omicron-surge

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Financial struggles at Philly-area health systems show no signs of

(1 days ago) WebFinancial struggles at Philly-area health systems show no signs of letting up. By The Philadelphia Inquirer. March 01, 2023.

https://www.healthleadersmedia.com/finance/financial-struggles-philly-area-health-systems-show-no-signs-letting

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Inside the Philadelphia-area hospital deals of the past …

(8 days ago) WebThe University of Pennsylvania Health System, which in 2021 opened its $1.6 billion pavilion in West Philadelphia, held onto the No. 2 spot. The one deal that was completed involved ChristianaCare

https://www.bizjournals.com/philadelphia/news/2022/11/25/health-systems-philadelphia-rankings.html

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Fact Sheet: Hospitals Face Continued Financial Challenges One …

(5 days ago) WebIt has been over one year since a national public health emergency was declared as America began grappling with the COVID-19 pandemic and the first patients …

https://www.aha.org/fact-sheets/2021-03-16-hospitals-face-continued-financial-challenges-one-year-covid-19-pandemic

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Tower Health financial - Reading Eagle

(9 days ago) WebNot including the write off, Tower posted a $243.5 million loss for fiscal 2021, which ended June 30. That’s actually good news for the financially struggling health …

https://www.readingeagle.com/2021/10/27/tower-health-writes-off-losses-philadelphia-area/

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The Philadelphia-region’s nonprofit health systems: a recap of …

(6 days ago) WebThe University of Pennsylvania Health System has maintained its positive operating margin in The Philadelphia-region’s nonprofit health systems: a recap of fiscal 2023 …

https://penntoday.upenn.edu/penn-in-the-news/philadelphia-regions-nonprofit-health-systems-recap-fiscal-2023-financial-results

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Tower Health cuts operating loss to $244M as cash reserves shrink

(7 days ago) WebTower Health. By John George – Senior Reporter, Philadelphia Business Journal. Aug 30, 2021. Tower Health cut its operating loss to $243.8 million in fiscal …

https://www.bizjournals.com/philadelphia/news/2021/08/30/tower-health-berks-county-fiscal-2021-deficit.html

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Tower Health suffers rating downgrade as it strives to recover

(8 days ago) WebSeveral Philadelphia health systems donated more than $50 million in 2022 to help sustain St. Christopher’s. Tower has been working to rebound from an ill …

https://www.chiefhealthcareexecutive.com/view/tower-health-suffers-rating-downgrade-as-it-strives-to-recover

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Philadelphia-area physicians are still scrambling to recover from

(9 days ago) WebA cyberattack last month on Change Healthcare, the nation’s largest health insurance claims and payment processor, continues to cause disruption for some Philadelphia …

https://www.msn.com/en-us/health/other/philadelphia-area-physicians-are-still-scrambling-to-recover-from-cyberattack-on-change-healthcare/ar-BB1jC7az

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Dismantling health disparities in Philadelphia and beyond

(3 days ago) WebCampus & Community. Dismantling health disparities in Philadelphia and beyond. Community health workers can help patients in ways others can’t—but these programs …

https://penntoday.upenn.edu/spotlights/dismantling-health-disparities-philadelphia-and-beyond

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Tower Health's audited financials show operating loss for FY2023 …

(7 days ago) WebAudited financial results released last week show Tower Health's operating loss for fiscal 2023 was $50 million higher than first reported, but the Berks County …

https://www.bizjournals.com/philadelphia/news/2023/11/27/tower-health-berks-hospitals-loss-fiscal-2023.html

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