Finance
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Health data giants Ciox, Datavant merge in $7B deal
Real-world health data company Datavant and health record IT firm Ciox Health say combining forces will result in the largest health data ecosystem in the U.S.
By Rebecca Pifer • June 10, 2021 -
One Medical
One Medical and Iora serve radically different populations. Here's why the $2.1B tie-up might make sense.
With its multibillion-dollar acquisition of value-based Iora, One Medical is betting big on capturing longitudinal care and the profitability of risk.
By Rebecca Pifer • June 09, 2021 -
Explore the Trendline➔
Samantha Liss, Healthcare Dive
TrendlineThe Healthcare Dive Outlook on 2021
The next steps for the explosion of telehealth, the Biden administration's efforts to roll back Trump-era policies and the road back to a new normal way of doing business for payers and providers are Healthcare Dive’s big trends for 2021.
By Healthcare Dive staff -
Fotolia
'Covid hangover' to spur health costs to rise 6.5% in 2022, PwC poll predicts
However, a greater reliance on lower cost sites of care like virtual visits and retail clinics could help offset higher usage of medical services, according to the report.
By Hailey Mensik • June 09, 2021 -
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Private equity group buys medical supply giant Medline for $34B in biggest LBO in decade
The mammoth leveraged buyout signals investors' appetite for megadeals may be rising after a long lull following the 2008 financial crisis.
By Rebecca Pifer • June 07, 2021 -
Courtesy of Babylon Health
London-based digital health startup Babylon to go public in $3.6B blank check deal
The deal valuing the firm at 46 times its 2020 revenue is the latest in a rush of digital health companies going public, spurred in part by COVID-19.
By Rebecca Pifer • June 03, 2021 -
Sentara, Cone Health latest nonprofit systems to nix merger plans
The deal would have created a 17-hospital, $11.5 billion system. Public comments to North Carolina's attorney general expressed fears the merger could reduce competition in the market.
By Hailey Mensik • June 02, 2021 -
Courtesy of Walgreens
Walgreens completes sale of drug wholesale business to AmerisourceBergen for $6.5B
The chain plans to use the infusion of capital to reduce debt and accelerate the growth of its core retail pharmacy and health businesses, including its hefty investment in medical group VillageMD.
By Rebecca Pifer • June 02, 2021 -
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Nurse shortages spur systems to dangle steep sign-on bonuses
Tenet-owned Baptist Health system in Texas is offering up to $20,000 for new nurses and other workers. Nurses who treated COVID-19 patients are in demand, Iman Abuzeid, CEO of nurse staffing platform Incredible Health, said.
By Hailey Mensik • June 01, 2021 -
Permission granted by IQVIA
Physician compensation grew modestly during pandemic, MGMA says
While compensation for primary care physicians grew in 2020, most specialists either experienced small bumps or decreases in their income, a new survey by the Medical Group Management Association found.
By Ron Shinkman • May 28, 2021 -
Geber86 via Getty Images
Family healthcare costs decreased last year for first time in Milliman report's 16-year history
However, the trend is not expected to continue into 2021. Costs are predicted to jump nearly 9% to $28,256 next year for a family of four.
By Samantha Liss • May 28, 2021 -
Joe Raedle via Getty Images
Rising hospital ransomware attacks could endanger patients, hit bottom lines hard, Moody's says
Systems have become more vulnerable due to COVID-19 as non-clinical employees working from home led to use of "less secure networks, increasing the number of access points vulnerable to a breach," a new report said.
By Ron Shinkman • May 27, 2021 -
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Investments drive Ascension to income of $957M, despite dampened patient volumes
The nonprofit, which operates a venture capital fund and an investment advisory firm, brought in $1.1 million in investments in the quarter, contributing to a significant rise in the system's liquidity.
By Rebecca Pifer • May 27, 2021 -
Mayo Clinic bounces back from pandemic, but expenses rise dramatically
The nonprofit also reported that in the first quarter most patient volumes returned to pre-coronavirus levels. Outpatient visits matched 2019 numbers, while surgical volumes exceeded those of two years ago.
By Ron Shinkman • May 24, 2021 -
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April hospital margin gains contrast steep losses from start of COVID-19, not improved performance
Hospitals' operating margins, revenue and volumes continue to tick up compared to 2020 lows, but month-to-month fluctuations underscore ongoing uncertainty in the sector, consultancy Kaufman Hall found in a new report.
By Rebecca Pifer • May 24, 2021 -
Chris Hondros via Getty Images
After Haven flop, JPMorgan Chase unveils solo healthcare venture
Morgan Health, somewhat of a successor to the defunct collaboration with Amazon and Berkshire Hathaway, comes armed with $250 million to invest in innovations in employer coverage and advancements in health equity.
By Dan Ennis , Rebecca Pifer • May 21, 2021 -
Kena Betancur via Getty Images
Clover net loss balloons due to higher-than-expected medical costs
An ongoing SEC probe could pose a significant risk to the payer, which gets most of its revenue from government programs.
By Rebecca Pifer • May 18, 2021 -
Seth Cohen, co-CEO and co-founder of OODA Health (left) and Florian Otto, CEO and co-founder of Cedar (right). Permission granted by Cedar Health.
Medical billing startup Cedar to acquire Ooda Health for $425M, moving into insurance market
The deal is aimed at helping the fintech player broaden its products to focus on new features integrated with both payers and providers.
By Rebecca Pifer • May 18, 2021 -
Alex Wong via Getty Images
HHS asks Supreme Court to keep site-neutral payments in place
Hospitals and HHS have been wrangling about the issue since the federal agency moved to cut payments to hospital-owned outpatient sites in 2019.
By Ron Shinkman • May 17, 2021 -
Getty Images
Despite CMS rule, few hospitals post prices in a coherent fashion, study says
Among 25 common items and procedures posted by the 100 largest hospitals, far fewer than 20% of facilities had decipherable pricing for any single item, according to the research in JAMA Network Open.
By Ron Shinkman • May 14, 2021 -
Courtesy of One Medical
One Medical losses double expectations in Q1 as chain preps for Baylor Scott & White partnership
Despite the heavy earnings miss, the Google-backed chain remains bullish on growth in 2021 and maintained its full-year guidance.
By Rebecca Pifer • May 14, 2021 -
Courtesy of Amwell
Amwell growth slows in Q1 amid investor fears of telehealth deceleration
The Boston-based telehealth vendor beat Wall Street expectations on earnings but missed on revenue, which rose 7% year over year to total $57.6 million.
By Rebecca Pifer • May 13, 2021 -
Fotolia
Robotic surgery outlook boosted by hospital spending pickup
The activity mirrors a boom in the broader economy that signals a recovery from the pandemic-driven recession. But the strength of demand from the hard-hit hospital sector surpassed expectations.
By Susan Kelly • May 13, 2021 -
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Kaiser Permanente, Mayo team up on investment in acute care at home
The $100 million investment in Boston-based Medically Home will allow patients to be treated at home for infusions and conditions like cancer, infections and COVID-19, the nonprofit systems said.
By Shannon Muchmore • May 13, 2021 -
Piedmont Healthcare accelerates hospital buys throughout Georgia
The system has its sight set on acquiring University Health Care System in Augusta, adding another three hospitals to its roster. The news comes on the heels of its intent to acquire four HCA hospitals in the state.
By Samantha Liss • May 13, 2021 -
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Almost all major US payers hiked forecasts following Q1, hinting at 2021 optimism despite COVID-19
Humana was the only major insurer not to increase its full-year earnings outlook following a strong quarterly showing in the benefits sector.
