Finances


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    Staffing firm American Physician Partners files for bankruptcy

    The company said the COVID-19 pandemic, rising labor costs and a “problematic” implementation of the No Surprises Act challenged its finances.

    By Sept. 21, 2023
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    Rebecca Pifer/Healthcare Dive
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    PBMs, PhRMA trade blame over drug costs in House hearing

    Pharmacy benefit manager lobby PCMA and drugmaker lobby PhRMA pointed fingers over problems in the prescription supply chain during the House committee's second PBM hearing on Tuesday.

    By Sept. 19, 2023
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    Trendline

    The Healthcare Dive Outlook on 2023

    COVID-19 will continue to be a key presense in 2023, as the public health emergency is slated to end in May, sparking a major transition for the industry.

    By Healthcare Dive staff
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    marchmeena29 via Getty Images
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    Hospitals share differing medical prices online versus over the phone, secret shopper survey finds

    The study raises new questions about the dependability of hospital pricing, and builds on a mountain of research finding wide variance in pricing between different hospitals — and within the same facility.

    By Sept. 18, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Ascension posts $2.7B net loss in fiscal year 2023, driven by rising expenses

    Like other nonprofits, Ascension continued to feel the strain of inflationary pressures as expense growth outpaced modest gains in revenue.

    By Sept. 18, 2023
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    erdikocak via Getty Images
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    BCBSA finds wide variety in medical cost by site

    Researchers said their data supports site-neutral proposals to make care cost the same regardless of where it’s provided. Momentum is building in Congress around the policies, but they face fierce opposition from hospitals.

    By Sept. 14, 2023
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    Justin Sullivan via Getty Images
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    CVS CEO ‘optimistic’ payer will improve MA star ratings

    At Morgan Stanley’s healthcare conference on Tuesday, Karen Lynch also called into question the $500 million in savings Blue Shield of California expects from kicking CVS’ pharmacy benefit manager to the curb.

    By Sept. 13, 2023
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    Sensay via Getty Images
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    Employers expect health benefit costs to climb 5.4% in 2024

    High inflation, labor shortages and industry consolidation contributed to the projected increase, according to a new survey of employers from consultancy Mercer.

    By Sept. 11, 2023
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    Medical credit cards ‘exploit loopholes’ in healthcare debt protection, report finds

    The credit cards, which can promise patients deceptive no- or low-interest rates, are increasingly being offered in hospitals and physician offices.

    By Sept. 8, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Intermountain’s operating income fell 35% in H1 as system battles rising expenses

    The nonprofit reported continued cost pressures in the first half of the year, including an increase in labor and supply expenses.

    By Sept. 6, 2023
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    Thoma Bravo to buy NextGen Healthcare in take-private deal

    The acquisition comes after the EHR vendor agreed to pay millions to settle allegations it violated the False Claims Act.

    By Sept. 6, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Patients ‘steered’ toward health systems, more costly treatment after vertical consolidation, study finds

    Consolidation between primary care physicians and large health systems led to increased costs per patient, according to a new study published in JAMA.

    By Sept. 5, 2023
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    Permission granted by Andreessen Horowitz
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    Q&A

    ‘We’re in the 1999 of the internet era’: a16z’s Julie Yoo on fintech’s potential and the digital health market

    Yoo, who leads health tech investment at venture capital firm Andreessen Horowitz, outlined her fintech investment thesis and why the healthcare industry is at an inflection point for adoption.

    By Aug. 31, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Advocate Health in black in first H1 as combined system

    The nonprofit hospital operator, which formed last year through the merger of Advocate Aurora Health and Atrium Health, reported an improved 0.6% operating margin.

    By Updated Aug. 30, 2023
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    Private equity firm in advanced talks to buy NextGen, report says

    Thoma Bravo could announce a deal to acquire the electronic health record vendor as soon as this week, according to a Bloomberg report.

    By Updated Sept. 5, 2023
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    Large employers predict pharmacy spend, mental health needs will continue to rise

    “The road ahead for prescription drug and pharmacy looks quite daunting,” said the CEO of the Business Group on Health following a recent survey.

    By Aug. 23, 2023
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    Pandemic relief funds bolstered operating margins at vulnerable hospitals, Health Affairs finds

    The funds have come under scrutiny, with some reports suggesting that high-performing hospitals capitalized on them to post record operating margins.

    By Aug. 23, 2023
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    Veradigm receives third notice of noncompliance from Nasdaq

    The health IT company, which rebranded from Allscripts in January, has yet to file its annual report for 2022 or its reports for the first and second quarters of 2023.

    By Aug. 21, 2023
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    Bruce Bennett via Getty Images
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    CVS layoffs hit Rhode Island, Connecticut, New York and more

    The layoffs disclosed late last week to state labor departments include 770 employees in CVS’ Rhode Island headquarters, and about 520 workers at health insurer Aetna’s Connecticut hub.

    By Aug. 21, 2023
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    Courtesy of Babylon Health
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    Babylon sells UK business as digital health company winds down operations

    Babylon sold nearly all its U.K. assets to a U.S.-based company and appointed an administrator last week, after a take-private deal failed earlier in August.

    By Updated Sept. 5, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Mayo Clinic’s profit continued to rebound in the second quarter after 2022 struggles

    The nonprofit posted sequential growth in profits in the second quarter, despite increasing expenses.

    By Aug. 18, 2023
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    Alex Wong/Getty Images via Getty Images
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    Opinion

    A new threat to healthcare breakthroughs: litigation investment entities

    Former HHS Secretary Tom Price identifies the dangers of litigation investment entities and their potential roadblocks to medical innovation.

    By Tom Price • Aug. 18, 2023
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    Definitive Healthcare acquires data analytics startup Populi for $52M

    The deal comes weeks after Definitive Healthcare announced layoffs.

    By Aug. 15, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Mass General Brigham posts positive operating margin in Q3 after high 2022 losses

    The Boston-based health system posted an improvement in revenue and operating income after it was placed on a financial improvement plan by the state last year.

    By Aug. 15, 2023
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    PE healthcare deals dropped to years-low levels in Q2

    The amount of private equity deals decreased 24% compared to the first quarter this year. However, deal volume was still higher than the average quarterly deal count pre-pandemic, according to a PitchBook report.

    By Aug. 14, 2023
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    Opinion

    5 predictions for private equity in healthcare

    Grant Thornton principal Lisa Walkush explains why healthcare remains one of the most attractive options for private equity firms.

    By Lisa Walkush • Aug. 11, 2023