Accounting & Financial Management

Experts say providers should look outside the organization to help free up resources for performance improvement.

Chattanooga, Tennessee-based Erlanger Health System on Tuesday said it earned a record $12.7 million profit in its fiscal second quarter, its highest in 30 years and its first profit after posting consecutive losses in the past three years.

New payment models and technology in healthcare are bringing big changes to the hospital controller job as "following the money" has become more complicated than ever.

Relocation is expected to take as long as a decade

Health system will cut its workforce of 90,500 by 1.7 percent amid some hefty losses incurred in the expansion.

You can expect more credit downgrades than upgrades in 2015 among the country's nonprofit hospitals, Standard & Poor's announced this week, as expensive upgrades and pressures to convert to value-based payment systems continue to gnaw away at bottom lines.

Strategic growth through consolidation, optimizing care by finding ways to become more efficient providers make experts' list of healthcare issues to watch in 2015.

Overall, healthcare leaders are optimistic about the future and are relying on a combination of mergers and acquisitions and organic growth to expand.

Reining in the costs for healthcare providers is more complicated than ever.

Emerson Hospital, in Concord, Massachusetts, recently appointed Michael Hachey as its new senior vice president and CFO, responsible for the oversight of the 179-bed facility according to a recent announcement.