Finances

Healthcare executive compensation grows in 2022

Median base salaries for executives at healthcare companies increased by 4.5% in the past year, according to consulting firm SullivanCotter.

By Hailey Mensik • Aug. 12, 2022

Oscar Health pauses full-service tech deals amid implementation woes

The decision to halt new technology agreements doesn’t change Oscar’s financial expectations for 2022, as the insurtech plans to reallocate resources to focus on achieving profitability in its insurance operations next year.

By Rebecca Pifer • Aug. 12, 2022

Kaiser Permanente posts Q2 net loss of $1.3B

The Oakland, California-based integrated health system attributed the setback in its quarterly results to market investments.

By Susan Kelly • Aug. 9, 2022

Clover Health’s Toy to step up as CEO as insurtech bolsters revenue

In a call with investors, incoming chief executive Andrew Toy said the path to profitability is “a huge focus” for Clover, and pointed to shrinking its medical loss ratio and controlling operating expense growth as key strategies.

By Rebecca Pifer • Aug. 9, 2022

Sutter Health posts net loss for second straight quarter

Second quarter revenues failed to keep pace with rising costs at the Sacramento, California-based healthcare system.

By Susan Kelly • Updated Aug. 10, 2022

Five types of entrepreneurship: meaning and defining characteristics

Entrepreneurs have a unique set of characteristics – which do you bring to the medical field?

Aug. 8, 2022

Fitch downgrades CHS from stable to negative after discouraging earnings report

The move reflects “significant increases in labor costs and weakness in volumes and acuity mix driving a downturn in the company's revenue and margin levels,” according to a release.

By Hailey Mensik • Aug. 4, 2022

Cigna’s Q2 profit climbs to $1.6B as fewer patients seek care

The payer raised its revenue and operating income targets for the year as a result of the quarterly performance.

By Samantha Liss • Aug. 4, 2022

Volumes, net income down at for-profit hospitals in Q2

COVID-19 patient volumes fell rapidly from the first to second quarter across hospital chains as case counts waned, executives said on calls with investors.

Aug. 3, 2022

CVS beats Q2 expectations, Aetna revenue rises nearly 11%

The company raised its full-year guidance despite a $77 million decrease in adjusted operating income, primarily due to declines in its retail segment.

By Sydney Halleman • Aug. 3, 2022

Providers say inpatient pay adjustment for inflation not sufficient

Groups like the American Hospital Association had asked for more adjustments, but the CMS declined to set aside its regulatory payment formula.

By Shannon Muchmore • Aug. 2, 2022

Hospitals face sixth straight month of negative margins, report finds

Month-to-month increases in patient volumes were not enough to offset the growing cost of care, according to a Monday report from Kaufman Hall.

By Susan Kelly • Aug. 2, 2022

New York sues CVS Health, alleging it deprived some hospitals of millions in 340B savings

CVS said in a statement that the “allegations are without merit and we will defend ourselves vigorously.”

By Samantha Liss • July 29, 2022

Molina’s profit rises to $248M on higher Q2 membership

The insurer’s premium revenue increased 18% in the second quarter compared with the prior-year period as the payer saw membership increase 9%.

By Samantha Liss • July 29, 2022

Teladoc shares tumble amid weak guidance, inflation headwinds

Teladoc recorded another major net loss in the second quarter, driven in part by the Livongo acquisition’s goodwill impairment charge.

By Rebecca Pifer • July 28, 2022

CHS shares fall 36% after $326M Q2 loss

The for-profit hospital operator missed Wall Street expectations on revenue and saw admissions decline 3.4% year over year.

By Hailey Mensik • Updated July 28, 2022

UHS net income cut in half as system predicts COVID impact will persist through 2022

The health system — which warned investors it was experiencing a significant shortfall in operational results in June — still performed better than analysts expected.

By Rebecca Pifer • July 26, 2022

Centene posts $172M loss in Q2

Despite the loss, the payer beat analyst expectations in a number of key metrics and raised its financial outlook for the remainder of the year.

By Samantha Liss • July 26, 2022

UHS explores joint ventures, aggressive managed care negotiations as costs increase

The system has been in conversation with acute care hospitals that have existing behavioral health services but feel they could be more efficient, CFO Steve Filton told investors Tuesday.

By Rebecca Pifer • July 26, 2022

Amazon will see you now: reading between the lines of the One Medical acquisition

The deal’s near-term ramifications are unlikely to be monumental. But it should be concerning for One Medical’s primary care competitors and larger entities looking to capture a greater slice of the healthcare market, experts said.

By Rebecca Pifer • July 25, 2022

Tenet stock jumps as system reins in Q2 labor costs

However, the chain’s inpatient volumes fell year over year. Executives said a cybersecurity incident in April was partially to blame.

By Sydney Halleman , Hailey Mensik • July 22, 2022

HCA beats Wall Street expectations in Q2 after earlier dip in guidance

The Nashville-based hospital operator beat Wall Street expectations on revenue, which rose about 3%, but net income slipped nearly 20% compared to the same time last year.

By Hailey Mensik , Sydney Halleman • July 22, 2022

Sutter inks 10-year contract with R1 RCM

SVB Leerink analysts noted Sutter runs on Epic EHR systems, while previous deals have mostly involved health systems using Cerner. That opens the door to further Epic deals, they said.

By Shannon Muchmore • July 21, 2022

Elevance shares fall as medical spending metric increases

Bloomberg reported the drop was the largest intraday decline in two years for Elevance, formerly known as Anthem.

By Samantha Liss • July 21, 2022

Amazon to buy One Medical for $3.9B

The all-cash deal for San Francisco-based One Medical comes after months of speculation about a potential acquisition, but Amazon as the buyer comes as a surprise.

By Rebecca Pifer • July 21, 2022