Finances


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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Cleveland Clinic posts $911M net income in 2023 on investment, volume growth

    The health system is the latest to report a financial turnaround compared to 2022, which analysts called the worst operational year on record for nonprofit hospitals.

    By March 1, 2024
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    Kameleon007 via Getty Images
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    Molina loses Medicaid contract in Virginia

    It’s the second recent Medicaid state loss for Molina, despite executives expressing confidence about the insurer’s ability to retain contracts.

    By March 1, 2024
  • Trendline

    Healthcare 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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    Scott Olson via Getty Images
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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 March 1, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Mayo Clinic boosted operating income by 82% in 2023

    Investment returns and outpatient services revenue drove results.

    By Feb. 29, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Northwell Health, Nuvance Health to merge

    The proposed deal would create a 28-hospital system in New York and Connecticut. 

    By Feb. 29, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 Feb. 28, 2024
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    Michael M. Santiago via Getty Images
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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 Updated Feb. 28, 2024
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    Alex Wong via Getty Images
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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 Feb. 27, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 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 Feb. 26, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 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 Feb. 21, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 Feb. 20, 2024
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    Deep Dive

    Insurers 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 Feb. 20, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 Feb. 20, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    CommonSpirit trims operating losses in second quarter

    The nonprofit improved net income but was still dogged by rising expenses in the quarter.

    By Feb. 16, 2024
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    vgajic via Getty Images
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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 Feb. 14, 2024
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    Permission granted by Elevance Health
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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 Feb. 13, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 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 Feb. 12, 2024
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    iStock/Hispanolistic and Ridofranz

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    Sponsored by Huron

    5 dynamics shaping healthcare’s digital evolution

    New research surfaces what’s driving healthcare organizations' digital strategies and investments.

    Feb. 12, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 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 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 Feb. 7, 2024
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    Samantha Liss/Healthcare Dive
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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 Feb. 6, 2024