Finances: Page 4
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Courtesy of Walgreens
Walgreens lays off another 145 employees
The drugstore retailer said it still has “significant cost savings and growth goals to deliver” as it confirmed further downsizing of its workforce.
By Daphne Howland • Feb. 2, 2024 -
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UCI Health completes $975M purchase of 4 Tenet hospitals
Tenet's latest hospital sale comes as the operator looks to pare down its debt.
By Susanna Vogel • Updated March 28, 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 -
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Healthcare CFOs explore M&A, automation and service line cuts in 2024
Companies grappling with liquidity concerns are looking to trim costs and streamline operations, according to a new survey.
By Susanna Vogel • Jan. 31, 2024 -
Julia Rendleman via Getty Images
Cigna sells Medicare businesses to HCSC for $3.7B
The transaction exits Cigna from a sector that’s been a huge source of growth for insurers but has seen its earnings potential shrink.
By Rebecca Pifer • Jan. 31, 2024 -
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Medicare Advantage profitability is declining, Moody’s says
Insurers' MA earnings were 2% lower in 2022 than in 2019, signaling profits in the lucrative insurance program may be weakening.
By Emily Olsen • Jan. 30, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
HCA beats Q4 expectations, outlines 2024 expansion
Executives also announced the retirement of longtime CFO Bill Rutherford during a Tuesday earnings call.
By Susanna Vogel • Jan. 30, 2024 -
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Penn Medicine ends plans to buy hospital from Tower Health
Cash-strapped Tower has been trying to sell Brandywine Hospital even before the facility's closure in 2022.
By Emily Olsen • Jan. 29, 2024 -
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No Surprises Act prevented 10M surprise bills in first nine months of 2023, insurer groups say
AHIP and BCBSA also took aim at providers for allegedly abusing the billing dispute resolution process set up by No Surprises, in the latest salvo over the polarizing law.
By Rebecca Pifer • Jan. 29, 2024 -
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Healthcare bankruptcies reached five-year peak in 2023, report finds
Researchers logged 79 Chapter 11 bankruptcies for companies with liabilities of at least $10 million last year, more than three times the number of 2021 filings.
By Emily Olsen • Jan. 26, 2024 -
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Humana names inaugural ‘Growth President’ after posting grim financial outlook
David Dintenfass will have his hands full trying to right the ship, as Humana stares down expectations for notably slower growth in 2024 and beyond.
By Rebecca Pifer • Jan. 26, 2024 -
Permission granted by Bessemer Venture Partners
Q&AMoving past an anomaly: Bessemer’s Andrew Hedin on ‘high quality’ startups driving funding in 2024
Andrew Hedin discusses the outlook for digital health investment in 2024 and why startups that can prove their worth will continue to earn funding.
By Emily Olsen • Jan. 26, 2024 -
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Humana posts big loss, dour outlook on Medicare Advantage cost spike
The health insurer’s stock plunged Thursday morning following its 2023 results, which fell startlingly short of Wall Street’s expectations.
By Rebecca Pifer • Jan. 24, 2024 -
Permission granted by Elevance Health
Elevance controls medical costs to $6B profit in 2023
The payer curbed the worst of medical cost growth last year, and expects to do the same in 2024 — an assumption one analyst called “aggressive” given persistent higher utilization among seniors.
By Rebecca Pifer • Jan. 24, 2024 -
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Walgreens exploring sale of Shields Health Solutions: Bloomberg
The specialty pharmacy could be valued at more than $4 billion in a sale, but a deal might slow the healthcare segment’s drive toward profitability.
By Emily Olsen • Jan. 24, 2024 -
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Sponsored by TeleperformanceImplementing high-tech, high-touch digital services to create more personalized, patient-centric care
Improve the patient experience by addressing high interaction volume and channel complexity.
By Jeff Hechemy, Executive Vice President – Healthcare at Teleperformance • Jan. 22, 2024 -
Samantha Liss/Healthcare Dive
Centene wins New Hampshire Medicaid contract
It’s not yet clear how much the new Medicaid managed care contract is worth. The state’s previous contract with insurers, including Centene, allocated $6 billion in funds over five years.
By Rebecca Pifer • Jan. 19, 2024 -
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Humana slashes 2023 profit outlook as high medical costs continue
The insurer also lowered its expectations for Medicare Advantage membership growth this year to below the industry average.
By Rebecca Pifer • Jan. 18, 2024 -
Courtesy of Summa Health
General Catalyst to acquire Ohio nonprofit Summa Health
The venture firm is following through on its promise to acquire a health system to use as a testing ground, though the deal with Summa is in very early stages.
By Rebecca Pifer • Jan. 17, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CarePoint and Hudson Regional Hospital announce new system
The deal would create a four-hospital system in New Jersey.
By Susanna Vogel • Jan. 16, 2024 -
dventtr via Getty Images
MA spending to outstrip traditional Medicare by $88B this year: MedPAC
MedPAC released the data Friday during a contentious meeting where members argued over the efficacy of Medicare Advantage.
By Rebecca Pifer • Jan. 16, 2024 -
Permission granted by General Catalyst
Q&ASynergies and deep talent pools: General Catalyst’s Alex Momeni on why digital health M&A could increase in 2024
In part two of a three-part series, Momeni discusses digital health consolidation and when the IPO market could unfreeze.
By Emily Olsen • Jan. 12, 2024 -
Courtesy of UnitedHealth Group
UnitedHealth reports highest medical costs since COVID-19 pandemic’s start
While the insurer continues to be rocked by more seniors seeking outpatient care, the fourth quarter also saw high levels of vaccinations and COVID-19 admissions that accelerated spending.
By Rebecca Pifer • Jan. 12, 2024 -
erdikocak via Getty Images
Most nonprofit hospitals and health systems had ‘strong’ cash reserves in 2022, KFF finds
An analysis of cash on hand suggests that, despite declining operating margins, some nonprofit health systems had enough of a financial cushion to weather tough operating conditions in 2022.
By Susanna Vogel • Jan. 9, 2024 -
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Digital health funding last year reached lowest level since 2019: report
Startups turned to “creative” funding mechanisms like unlabeled and silent rounds to buy time in 2023, but those strategies likely won’t work again this year, according to a report by Rock Health.
By Emily Olsen • Jan. 9, 2024 -
Courtesy of Walgreens
Walgreens to pay Humana $360M to settle drug pricing dispute
The settlement is a little over half of what Walgreens was originally ordered to pay, after an arbiter said the retail pharmacy chain overcharged Humana for prescription drugs for more than a decade.
By Rebecca Pifer • Jan. 9, 2024
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