Finances: Page 13
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Walgreens to reduce stake in VillageMD, close stores
Walgreens is refocusing on pharmacy operations after failing to make inroads in healthcare services. The company will shrink its stake in VillageMD and is no longer looking to invest in medical offices, executives said.
By Rebecca Pifer Parduhn • June 27, 2024 -
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Digital health funding continues to stabilize in Q1: PitchBook
Startups raised $1.1 billion across 77 deals in the first quarter — far lower than pandemic-era highs, but consistent with recent quarters.
By Emily Olsen • June 27, 2024 -
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Hospital mergers tied to increased layoffs, reduced tax revenues: report
A National Bureau of Economic Research report found layoffs followed hospital mergers, as employers struggled to absorb the costs of rising healthcare premiums.
By Susanna Vogel • June 26, 2024 -
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Lawmakers promise to stop kicking the can on Medicare solvency
The House Budget Committee met Thursday and said they’d take action to restore Medicare’s financial footing, though the hearing was light on specifics.
By Rebecca Pifer Parduhn • June 14, 2024 -
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CMS recalculates Medicare Advantage star ratings in major win for insurers
The redo comes after regulators lost two court cases over the methodology used to determine 2024’s quality ratings and should result in hundreds of millions of dollars in additional bonuses to plans.
By Rebecca Pifer Parduhn • June 14, 2024 -
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Tracking Steward's declineSteward secures $225M days before it was set to run out of cash
The health system found financing after its original backer Medical Properties Trust declined to provide more funds. Steward will present the deal in federal bankruptcy court later this week for final approval.
By Susanna Vogel • June 11, 2024 -
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Affordable Care Act insurers could be on the hook for $1.1B in rebates this year
Rebates this year could cross the billion-dollar mark for the fifth time in the past decade, according to an analysis from the KFF.
By Rebecca Pifer Parduhn • June 7, 2024 -
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House subcommittee lands on transparency for 340B reform
Based on the Oversight and Investigations hearing, political will in Congress seems slim to cut back the 340B program — without a clearer view of how hospitals are using the funds first.
By Rebecca Pifer Parduhn • June 5, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Expense management differentiated nonprofit providers in Q1
But the industry has a long way to go before it’s fully back to the profitability levels seen before the pandemic — if it fully rebounds at all, analysts told Healthcare Dive.
By Susanna Vogel • May 31, 2024 -
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Healthcare payments firm Waystar plans $1B IPO
The digital health IPO market has stagnated in recent years, but a successful listing by Waystar could help break the ice, one expert said.
By Emily Olsen • May 30, 2024 -
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Move over, Medicare Advantage — UnitedHealth, Centene flag higher Medicaid utilization concerns
Worries about higher-than-expected medical spending have reached Medicaid, as redeterminations spark turbulence in the program.
By Rebecca Pifer Parduhn • May 30, 2024 -
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Veradigm exploring sale, names new interim CEO
The healthcare technology company was delisted from Nasdaq this year after failing to file timely financial reports for months.
By Emily Olsen • May 28, 2024 -
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Express Scripts’ new partnership is an olive branch to independent pharmacies
Cigna’s massive pharmacy benefit manager has unveiled a new collaboration with a network of independent pharmacies at a time of rising tension between PBMs and the pharmacies they pay.
By Rebecca Pifer Parduhn • May 23, 2024 -
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House committee takes aim at healthcare consolidation, eyes site-neutral payments
Equalizing Medicare payment between sites of service to cut down on provider consolidation is a “no brainer,” one witness testified during the hearing.
By Rebecca Pifer Parduhn • May 23, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Providence posts $360M net income in first quarter, rebounding from years of losses
The nonprofit operator attributed the gain to increased admissions and improved reimbursement rates from payers.
By Susanna Vogel • May 21, 2024 -
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Senate Finance Committee tackles Medicare physician pay reform
On Friday, the committee released a white paper proposing Medicare adjust doctor reimbursement to account for inflation, a key goal for physician lobbies.
By Rebecca Pifer Parduhn • May 20, 2024 -
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Sponsored by CallRailHow to reduce your patient acquisition costs
Learn how to reduce patient acquisition costs and increase patient lifetime value through effective healthcare marketing strategies in this latest article from CallRail.
May 20, 2024 -
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Hospitals charged employers and insurers 254% more than Medicare in 2022: study
Hospitals with larger market shares were among the worst offenders, the Rand Corporation found.
By Susanna Vogel • May 14, 2024 -
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Kaiser rides completed Geisinger acquisition to $7.4B income in Q1
However, the nonprofit provider and health plan warned subsequent quarters may be less profitable as expenses are projected to climb.
By Susanna Vogel • May 14, 2024 -
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Inpatient admissions lift for-profit providers’ revenue during Q1
Despite an “unusual” rise in inpatient volumes, executives at most of the leading for-profit health systems said they remain focused on outpatient investments.
By Susanna Vogel • May 14, 2024 -
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Deep DiveMedicare Advantage unrest, Change Healthcare fallout and more big takeaways from insurers’ Q1
All major payers saw elevated utilization but only an unprepared few struggled with the trend, the Change Healthcare cyberattack caused minimal financial fallout and a new D-SNP rule opens the door to a Medicare growth opportunity.
By Rebecca Pifer Parduhn • May 13, 2024 -
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Sponsored by CallMinerUsing AI to address 5 critical business challenges in healthcare
AI transforms healthcare: Tackle patient expectations, debt crisis, regulatory hurdles and staffing shortages.
May 13, 2024 -
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CHS sues MultiPlan for allegedly colluding to lower provider reimbursement
It’s the third lawsuit filed against MultiPlan by a health system in under a year.
By Rebecca Pifer Parduhn • May 10, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Steward’s landlord Medical Properties Trust posts $736M loss as hospitals flounder
The real estate investment trust reported nearly $700 million in impairments related to Steward alone in the first quarter. However, executives said rental agreements are not what drove the troubled health system to bankruptcy.
By Susanna Vogel • May 9, 2024 -
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Private equity investing in healthcare continues to slow
Heightened antitrust scrutiny from state governments and regulators in Washington is having a chilling effect on deals, according to PitchBook analysts.
By Rebecca Pifer Parduhn • May 8, 2024
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