Finances

  • Amwell physician conducts visit with patient
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    Courtesy of Amwell

    Amwell in talks to acquire Talkspace: report

    The reported $200 million transaction reflects Talkspace's declining value since the therapy company went public last summer at a $1.4 billion valuation.

    By • Nov. 28, 2022
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    Delmaine Donson via Getty Images

    Midwest health systems on track to merge

    At a time when the pace of healthcare mergers has slowed, Bellin Health and Gundersen Health System are forming a system of 11 hospitals.

    By • Nov. 23, 2022
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

    Intermountain ekes out slim profit, weighed down by supply, labor costs

    The Salt Lake City-based system, which merged earlier this year with Colorado-based SCL Health, said labor expenses are up 45% from a year ago.

    By • Nov. 22, 2022
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    Kena Betancur via Getty Images
    Deep Dive

    Health tech companies weigh options to stem cash burn as IPO market sags

    Healthcare technology companies are delaying initial share sales as public market stocks and valuations plunge across the sector. Where will they turn in the meantime?

    By • Nov. 21, 2022
  • A picture of the mayo clinic with a stop sign in front of the building. A sign is attached to the stop sign signaling coronavirus testing for mayo clinic patients.
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    Christian Petersen/Getty Images via Getty Images

    Mayo Clinic income slumps as expenses climb in Q3

    Expenses outpaced revenue growth as the Minnesota-based health system became the latest provider to report a recent drop in operating income.

    By • Nov. 21, 2022
  • J.P. Morgan's Fourth Quarter Income Drops Over 30 Percent
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    Chris Hondros / Staff via Getty Images

    Morgan Health nabs Walmart executive to accelerate strategy around population health

    Cheryl Pegus is leaving Walmart’s health division to work as a managing director for JPMorgan’s venture attempting to lower employer health costs.

    By • Nov. 21, 2022
  • Panelists onstage at HLTH22.
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    Rebecca Pifer/Healthcare Dive
    HLTH22

    ‘Not in la la land’: As digital health funding ebbs, VCs urge startups to be conservative

    The explosion of funding during the pandemic was a good thing, but the ongoing market correction is a good thing too as only the best business models will survive, prominent investors argued at HLTH.

    By • Nov. 18, 2022
  • The front opening to Advocate Aurora Healthcare's Two Rivers, Wisconsin, hospital.
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    Asher Heimermann. Retrieved from Wikimedia Commons.

    Advocate Aurora remains in the red with reduced investments, higher labor costs

    The nonprofit health system’s results add to the chorus of hospital providers reporting continued labor challenges.

    By • Nov. 18, 2022
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

    CommonSpirit posts $400M loss due to higher labor costs, dip in volumes

    The health system said its payer mix has softened, as revenue from commercial members dropped compared to the first quarter of last year.

    By • Nov. 16, 2022
  • The main stage at HLTH22
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    Rebecca Pifer/Healthcare Dive
    HLTH22

    Elevance plans to continue aggressive M&A, CEO says

    CEO Gail Boudreaux said the insurer plans to grow "very aggressively" into adjacent care services.

    By • Nov. 15, 2022
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    Fotolia

    General Catalyst adds 10 new health system partners, including UHS

    The venture capital firm connects health systems to health tech startups, allowing partner hospitals to develop new technologies in exchange for the startups testing their products on the ground.

    By • Nov. 15, 2022
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    Cecilie_Arcurs via Getty Images

    Slower digital health funding prompts rise in M&A activity: report

    Companies are expected to continue to explore tie-ups during an unfavorable fundraising period.

    By • Nov. 10, 2022
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    Fotolia

    Bright Health ceases MA operations in Florida in latest business cut

    The newest reduction for the insurtech comes less than a month after Bright announced it was leaving the Affordable Care Act exchanges and slashing its Medicare Advantage footprint to just Florida and California.

    By • Nov. 10, 2022
  • An illustration of a large dollar coin with medical supplies flying in the foreground is positioned on an analysis tracking chart background.
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

    Profits continue to climb for payers as possible recession looms

    Despite talk of a recession, all major insurers expect a rosier end to 2022 than previously predicted. On the other hand, profits fell for large hospital operators faced with pricier labor and lower volumes.

    By • Nov. 9, 2022
  • Walgreens VillageMD primary care clinic
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    Permission granted by Walgreens

    What’s in it for Evernorth? Cigna’s health services arm invests $2.5B in VillageMD-Summit

    The deal could have major ramifications for Evernorth’s push to value-based care in the commercial sector, according to Cigna executives and analysts.

    By • Nov. 9, 2022
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    Permission granted by Oak Street Health

    Oak Street Health brings in record revenue in Q3

    The value-based primary care chain’s capitated revenue, which makes up the large majority of its topline, would have been slightly higher, but included a small hit from matters related to the Medicare direct contracting program.

    By • Nov. 8, 2022
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    Permission granted by VillageMD

    Walgreens-backed VillageMD buys Summit Health for $9B

    Cigna’s health services division Evernorth is also taking a stake in the deal, and will become a minority owner in VillageMD.

    By • Nov. 7, 2022
  • a picture of a red stethoscope on top of a US billed money.
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    Adeline Kon/Healthcare Dive/Healthcare Dive

    Hospitals expected to end year with negative margins, Kaufman Hall says

    Nine straight months of negative margins could lead to “one of the worst financial years for hospitals” in 2022, according to a new report.

    By • Nov. 4, 2022
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    Fotolia

    Half of hospitals spend just 1.4% of expenses on charity care, KFF finds

    The new analysis found wide variations in charity care. At 8% of hospitals, it made up 0.1% or less of operating expenses.

    By • Nov. 4, 2022
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

    Cigna faces questions about M&A strategy amid ‘arms race’ for deals

    One analyst asked whether not pursuing deals will pose a disadvantage in future years. CEO David Cordani said he is open to M&A but does not think acquisitions are a “silver bullet.”

    By • Nov. 3, 2022
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    One Medical

    Capitated revenue now makes up outsized share of One Medical’s net revenue

    One year after its Iora acquisition, revenue from capitated contracts represents half of One Medical’s net revenue even though the provider’s at-risk members comprise just 5% of total membership.

    By • Nov. 3, 2022
  • A brick wall with a red CVS Pharmacy sign.
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    Justin Sullivan via Getty Images

    CVS agrees to pay $5B to resolve opioid-related lawsuits

    Walgreens and Walmart also have reportedly reached deals. If they become final, it could end much of the yearslong litigation over the pharmacy companies’ role in the opioid epidemic.

    By • Nov. 2, 2022
  • A picture of the exterior of the US Department of Health and Human Services. In front of the building is a black sign designating the building's name.
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    Alex Wong via Getty Images

    CMS to ease Medicare ACOs into risk models in bid to boost participation

    Beginning in January 2024, ACOs that don’t have experience with performance-based risk will be able to stay in a one-sided risk arrangement for up to seven years before transitioning to two-sided risk.

    By • Nov. 2, 2022
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    CMS

    Humana expects Medicare Advantage enrollment to grow almost 9% in 2023

    Executives said better benefits are attracting more members. For certain plans, Humana members have an allowance for healthy foods, over the counter items, transportation, health supplies, rent and utilities.

    By • Nov. 2, 2022
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    doug4537 via Getty Images

    Healthcare lobbying rose 70% over past two decades

    U.S. healthcare lobbying expenditures totaled almost $714 million in 2020, compared to $358 million in 2000, according to new research.

    By • Oct. 31, 2022