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Washington health system files for bankruptcy, cites issues with revenue cycle vendor

Ayla Ellison for Becker’s Hospital Review Astria Health, a three-hospital health system based in Sunnyside, Wash., filed for Chapter 11 bankruptcy protection on May 6. Astria plans to use the bankruptcy process to restructure its finances, enter into a plan of reorganization with its creditors and replace its billing company, according to TV station KIMA.…

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Just 13% of hospital CFOs ready for new payment models

By Meg Bryant for Healthcare Dive Dive Brief: Confidence among the country’s hospital CFOs is low, with just 13% saying their organization is “very prepared” to handle new healthcare payment and delivery models with current financial planning tools, according to Kaufman Hall’s 2019 CFO Outlook: Healthcare report. That’s down from 15% in 2018. Less than a quarter of…

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