Finances


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    Nonprofit hospitals squeezed by pricier labor, investment losses in Q1

    The first quarter is going to be "one of the worst for most of our providers," Fitch Analyst Kevin Holloran said last week.

    By May 16, 2022
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    Hospital labor expenses up 37% from pre-pandemic levels in March

    Hospitals spent nearly $5,500 in labor expenses per adjusted discharge in March compared to about $4,000 roughly three years ago, according to a report from Kaufman Hall.

    By May 12, 2022
  • 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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    Courtesy of Oscar Health

    Oscar Health withdraws from 2 states

    Leaving Arkansas and Colorado won't have a material effect on the company's income, and should reduce the insurtech's overhead in areas like compliance work and statutory reporting, executives said.

    By May 11, 2022
  • Amwell Q1 net loss widens on costs to expand Converge platform

    The vendor's revenue grew 11% while expenses climbed 40% year over year, as Amwell invested heavily in research and development for its open architecture Converge platform.

    By May 10, 2022
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    Insurers saw profits rise in Q1 as cost increases weighed on hospitals

    The results spurred payers to paint an improved financial outlook for the full year compared to earlier estimates for 2022.

    By May 9, 2022
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    Permission granted by JM Electrical

    Mass General Brigham gets partial nod for $2B expansion

    Massachusetts' leading hospital system, under state scrutiny to rein in spending, has cleared a key hurdle in its expansion plans.

    By Susan Kelly • May 9, 2022
  • Investment losses, COVID-19 costs drive Kaiser to $961M net loss

    That's down from a net income of $2 billion at the same time last year.

    By May 9, 2022
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    Courtesy of Sutter Health

    Nonprofit break-off drives Sutter to net loss, as system faces year full of labor negotiations

    Despite an improvement in operations, an Oakland-based university disaffiliating from the system in January drove Sutter to a loss of $184 million in the first quarter.

    By Updated May 12, 2022
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    Hospitals, PBMs say drugmaker restrictions on 340B discounts stifling finances

    Four court decisions on the legality of the restrictions — two in favor of drugmakers and two against — are currently pending appeals.

    By May 5, 2022
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    Hospital volumes, revenues rebounded as omicron cases waned in March

    Many patients returned for nonurgent procedures and other non-COVID-19 care, especially outpatient, that had been previously delayed, according to a Kaufman Hall report.

    By May 3, 2022
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    Mario Tama via Getty Images

    Labor costs unlikely to wind down soon, for-profit hospitals report in Q1

    Hospital operators hoped the need for temporary nursing staff and heightened labor costs would ease alongside dwindling cases of the omicron variant, as they did during previous waves. That wasn't the case in the first quarter.

    By May 2, 2022
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    The image by Jason Lawrence is licensed under CC BY 2.0

    Stericycle reports challenging Q1, outlines path to recover from labor and inflation effects

    As it saw a decline in pandemic-related waste, Stericycle experienced its most acute period of driver illnesses yet. The company also previewed a new medical waste facility and closed out a $90 million corruption settlement.

    By Megan Quinn • April 29, 2022
  • Teladoc records $6.6B impairment charge on Livongo acquisition, spurring record net loss

    Teladoc bought chronic care giant Livongo for $18.5 billion two years ago, but the asset's waning value and external market factors triggered the multibillion-dollar goodwill impairment charge in the first quarter.

    By Updated April 28, 2022
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    Permission granted by West Monroe

    Healthcare M&A slowed in Q1 amid economic concerns, omicron impact, KPMG says

    Deals across the sector fell by a third in the period from the brisk pace at the end of last year as buyers weighed an economic slowdown, the Russian-Ukraine war and the impact of the omicron variant, according to the new report.

    By Susan Kelly • April 26, 2022
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    HCA lowers expectations for the year, citing ongoing labor challenges

    Heightened spending on salaries and benefits is primarily related to the ongoing use of contract labor, though the system is also adjusting wages to stay competitive, CEO Sam Hazen said on a Friday call with investors.

    By April 22, 2022
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    DOJ cracks down on 'largest and most wide-ranging' COVID-19 fraud

    Defendants — including doctors, medical business executives and fake vaccination card manufacturers — caused nearly $150 million in false billings to federal programs, the DOJ alleged.

    By April 21, 2022
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    Elizabeth Regan / Industry Dive

    Drug price hikes moderate as rebates rise, report finds

    List prices for branded medicines rose by nearly 5% last year, according to Iqvia, a figure that fell to 1% after accounting for rebates and discounts.

    By Ned Pagliarulo • April 21, 2022
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    E+ via Getty Images

    Larger, less profitable hospitals more likely to have ownership change

    In data released for the first time Wednesday, HHS also found changes in ownership over the past six years have been much more common in nursing homes than hospitals, with wide variations in ownership by state.

    By April 20, 2022
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    Mario Tama via Getty Images

    Hospitals blast 'unacceptable' inpatient payment bump

    Despite the 3.2% overall hike, the AHA argued that net payments to hospitals may decrease due to cuts in other areas, including uncompensated care.

    By April 19, 2022
  • Bright Health exits 6 states amid financial, operational woes

    Bright, which went public in June last year, wants to refocus on growth in markets where it can have a bigger impact. The seven-year-old startup lost almost $1.2 billion in 2021.

    By April 18, 2022
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    Global digital health funding reaches 6-quarter low, at $10.4B

    Even as the pandemic continues, digital health funding slowed significantly in the first quarter of 2022, according to new data from CB Insights.

    By April 14, 2022
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    UnitedHealth Group

    UnitedHealth expects to 'successfully overcome' DOJ challenge to Change acquisition

    The company is bullish on completing its controversial acquisition of data analytics firm Change Healthcare, despite legal action from the Department of Justice to block the deal.

    By April 14, 2022
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    HHS to request provider data on billing practices under new White House plan to ease medical debt

    The department will use this information in grant determinations, and to shape data and policy recommendations to the public. It will also share potential violations with enforcement agencies.

    By April 12, 2022
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    Surprise medical bills rank as public's second-highest financial worry, survey finds

    While 58% of the public said they're worried about being able to afford surprise bills, the majority of people with private insurance stated they knew nothing about the consumer protection law that went into effect in January.

    By March 31, 2022
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    Deep Dive

    Hospitals bet big on venture capital amid COVID-19 revenue flux

    Hospitals are increasingly acting as venture capitalists, ratcheting up investments in companies with products they can use and scale, according to a data analysis of hospital VC arms conducted by Healthcare Dive.

    By March 30, 2022