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What 11 hospital CFOs told Becker's in 2021

Hospital and health system CFOs have navigated many changes and challenges in the industry in 2021, including staffing shortages and rising inflation.

This year, dozens of finance leaders from hospitals and health systems across the U.S. shared their perspectives on a variety of topics with Becker's Hospital Review via podcasts and interviews. Below are quotes from 11 of those executives, discussing everything from the best piece of advice for their peers to their most pressing concern.

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Mass. rainy day fund hits highest level ever

Lots of attention has been paid to Massachusetts’ unprecedented spending, made possible by once-in-a-lifetime federal largesse to pay for COVID-19-related needs. Behind the scenes, Massachusetts has also been saving.

The comptroller’s annual report for fiscal 2021, which ended June 30, reveals that Massachusetts’ stabilization fund is the largest it has ever been since the fund was established in 1986. The rainy day fund clocked in at $4.6 billion in fiscal 2021, a huge jump from $3.5 billion the prior year.

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Rollstone Bank & Trust donates $50,000 for cancer patients

FITCHBURG — Rollstone Bank & Trust announced Friday a donation of $50,000 to the UMass Memorial Health’s HealthAlliance-Clinton Hospital to expand local complementary care resources to cancer patients, according to a press release from the bank.

The donation will also be used to increase access to those most vulnerable populations that historically do not have access to life-saving preventative measures or subsequent cancer care.

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Baker Announces Indoor Mask Advisory, Activates National Guard Amid COVID-19 Surge

Gov. Charlie Baker announced Tuesday he is activating up to 500 members of the National Guard to assist hospitals with the COVID-19 surge and updating the state's mask advisory.

The state Department of Public Health released an updated mask advisory Tuesday urging all individuals, regardless of vaccination status, to wear a mask or face covering in indoor public spaces.

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'I am terrified right now': Hospitalizations are again on the rise as Covid cases surge

Every morning in the Minneapolis metropolitan area, 200 to 400 people wait in an emergency room for a bed to come open.

“That’s the highest number ever,” said Dr. J. Kevin Croston, the CEO of North Memorial Health, which operates more than two dozen health care facilities in the area.

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Mass. hospitals decline transfers, close units as they brace for Covid surge

Since November, hospitals have understaffing, an escalation of behavioral health cases, and a worsening of a variety of diseases from over a year of delayed care. Now the surge in Covid-19 cases is spurring some hospitals to refuse to patients from other systems, close outpatient units and prepare “crisis standards of care.”

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COVID-19 hospitalizations are rising, but some cases are milder than before

Amid surging COVID-19 infections, overflowing hospitals, and exhausted healthcare workers, Massachusetts hospital leaders are hanging on a glimmer of hope: some treatments, vaccines, and hard-won knowledge from the earlier outbreaks have meant fewer severely ill COVID patients.

And those who do need intensive care generally are recovering more quickly, doctors say.

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