Finances


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    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 Aug. 12, 2022
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    Courtesy of Oscar Health

    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 Aug. 12, 2022
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    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 Aug. 9, 2022
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    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 Aug. 9, 2022
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    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 Updated Aug. 10, 2022
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    Sponsored by First Republic Bank

    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
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    Ninoon via Getty Images

    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 Aug. 4, 2022
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    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 Aug. 4, 2022
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    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
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    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 Aug. 3, 2022
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    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 Aug. 2, 2022
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    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 Aug. 2, 2022
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    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 July 29, 2022
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    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 July 29, 2022
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    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 July 28, 2022
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    erdikocak via Getty Images

    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 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 July 26, 2022
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    Samantha Liss for Healthcare Dive

    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 July 26, 2022
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    Ninoon via Getty Images

    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 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 July 25, 2022
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    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 , July 22, 2022
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    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 , July 22, 2022
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    Courtesy of Sutter Health

    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 July 21, 2022
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    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 July 21, 2022
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    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 July 21, 2022