Finances: Page 2
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Walgreens’ VillageMD to exit Illinois
The primary care chain plans to shutter its remaining clinics in the state by April 19 as Walgreens continues to cut costs.
By Emily Olsen • March 1, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Mayo Clinic boosted operating income by 82% in 2023
Investment returns and outpatient services revenue drove results.
By Susanna Vogel • Feb. 29, 2024 -
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TrendlineHealthcare Dive's Outlook for 2022
As the country enters its third year of battling the COVID-19 pandemic, fault lines in the healthcare landscape are becoming more clear and long-term implications are becoming more evident.
By Healthcare Dive staff -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Northwell Health, Nuvance Health to merge
The proposed deal would create a 28-hospital system in New York and Connecticut.
By Susanna Vogel • Feb. 29, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
UHS eyes 2024 growth but ‘cautious’ amid persistent cost pressures
The Pennsylvania-based hospital operator grew revenue 7% in 2023 despite operational challenges, including high labor costs and strained payer relations.
By Susanna Vogel • Feb. 28, 2024 -
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Veradigm to delist after missing Nasdaq deadline
The healthcare IT company said trading of its shares will be suspended after it failed to comply with financial reporting requirements.
By Emily Olsen • Updated Feb. 28, 2024 -
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Lobby-funded study argues Medicare Advantage rate cuts are worse than CMS expects
Medicare Advantage payment per month per beneficiary could drop by 1% next year if regulators finalize rates as proposed, according to the analysis backed by the Better Medicare Alliance.
By Rebecca Pifer • Feb. 27, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Trinity Health cuts operating losses by 85% in first half of 2024
Revenue from acquisitions and outpatient services helped the Catholic health system trim losses.
By Susanna Vogel • Feb. 26, 2024 -
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R1 RCM receives takeover offer from New Mountain
The private equity firm’s offer represents a sizable premium on R1’s stock, but could be undervaluing the company, analysts said.
By Rebecca Pifer • Feb. 26, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS’ income falls in the fourth quarter as costs continue to climb
The Franklin, Tennessee-based hospital operator’s net income dropped nearly 90% year over year in the quarter.
By Susanna Vogel • Feb. 21, 2024 -
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Teladoc still looking for tech investments, M&A amid operational review
The telehealth vendor is trimming expenses, but it could pursue deals with strategically or financially attractive companies.
By Emily Olsen • Feb. 21, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Ascension posts $231M in quarterly operating income as labor costs come down
The Catholic health system attributed its results to increased patient volumes and successful cost-cutting initiatives.
By Susanna Vogel • Feb. 20, 2024 -
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Deep DiveInsurers brace for continued Medicare Advantage medical costs
The big question coming out of the health insurance earnings season is how much elevated utilization among seniors is carrying over into 2024.
By Rebecca Pifer • Feb. 20, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Mass General Brigham’s investment income boosted Q1 earnings
But operating expenses — including increases in supply and wage costs — continued to pressure the nonprofit.
By Susanna Vogel • Feb. 20, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CommonSpirit trims operating losses in second quarter
The nonprofit improved net income but was still dogged by rising expenses in the quarter.
By Susanna Vogel • Feb. 16, 2024 -
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Amwell cut headcount by 10% since end of 2023
The telehealth vendor faced headwinds last year as it migrated customers to a new platform, executives said on an earnings call this week.
By Emily Olsen • Feb. 14, 2024 -
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Elevance lays off more employees
The health insurer has quietly laid off thousands of employees since September, according to sources.
By Rebecca Pifer • Feb. 13, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Kaiser reports $4.1B net gain in 2023 on improved investments
The nonprofit’s financial rebound followed a difficult 2022 in which the operator reported a $4.5 billion net loss.
By Susanna Vogel • Feb. 12, 2024 -
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Healthcare PE deals third-highest on record in 2023: Pitchbook
Interest rate cuts could boost deal counts later this year, but some investors are more cautious following increased antitrust scrutiny.
By Emily Olsen • Feb. 12, 2024 -
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Sponsored by Huron5 dynamics shaping healthcare’s digital evolution
New research surfaces what’s driving healthcare organizations' digital strategies and investments.
Feb. 12, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet says its upcoming ‘new era’ will be fueled by ambulatory surgeries
The Dallas-based provider also reported fourth quarter earnings on Thursday that beat Wall Street’s expectations for revenue.
By Susanna Vogel • Feb. 8, 2024 -
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Molina’s redeterminations losses reach 500K members
As for Medicare Advantage, the insurer said it expects proposed 2025 rates other payers have slammed as a cut would actually boost its benchmark rate.
By Rebecca Pifer • Feb. 8, 2024 -
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CVS cuts 2024 outlook on Medicare Advantage caution
The insurer on Wednesday joined its peers in slamming proposed MA payment rates as insufficient given the dogged increase in medical costs.
By Rebecca Pifer • Feb. 7, 2024 -
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Centene echoes Humana’s concerns about proposed MA rate drop
On the insurer’s earnings call, analysts peppered Centene with questions about its Medicare Advantage business until its CFO attempted to change the subject.
By Rebecca Pifer • Feb. 6, 2024 -
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UCSF Health to acquire two Dignity hospitals in San Francisco
The purchase comes as Dignity’s parent CommonSpirit Health has struggled financially, posting a $441 million operating loss in its first quarter.
By Emily Olsen • Feb. 6, 2024 -
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Cano Health to be delisted from NYSE after filing for bankruptcy
The primary care chain said it wouldn’t appeal the New York Stock Exchange’s decision to remove it from trading.
By Emily Olsen • Updated Feb. 6, 2024
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