Finances: Page 15
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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 -
Adeline Kon/Healthcare Dive/Healthcare Dive
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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Medicare go-broke date extended to 2036, but warning bells continue ringing
The Medicare trustees’ new projection for insolvency is five years later than previous forecasts, but budget hawks warned action is still needed to shore up the insurance program’s finances.
By Rebecca Pifer Parduhn • May 7, 2024 -
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Tracking Steward's declineSteward Health Care files for Chapter 11 bankruptcy
The filing marks the largest provider bankruptcy in decades, according to experts.
By Susanna Vogel • May 6, 2024 -
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Cigna writes down VillageMD investment amid shrinking value
Walgreens’ decision to slash VillageMD’s clinical footprint has reverberated to the financial accounts of the primary care chain’s minority owner — Cigna.
By Rebecca Pifer Parduhn • May 2, 2024 -
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Debt covenant violations tick up among nonprofit providers: report
Since 2022, S&P Global Ratings has tracked an increase in violations of debt agreements as macroeconomic pressures and low operating margins challenge providers.
By Susanna Vogel • May 1, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet raises full-year revenue guidance on $2.2B in Q1 profit
CEO Saum Sutaria says the health system is a “new company” following nine hospital sales in the first quarter.
By Susanna Vogel • May 1, 2024 -
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CVS slashes 2024 outlook — again — as Medicare seniors drive spending
Runaway inpatient spending in particular caused CVS’ insurance costs to snowball after returning “to patterns we have not seen since the start of the pandemic,” its CFO said.
By Rebecca Pifer Parduhn • May 1, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Rising inpatient volumes boosted HCA’s first quarter earnings
The Nashville, Tennessee-based operator is the latest for-profit system to report stronger-than-expected inpatient volumes and tempered expenses.
By Susanna Vogel • April 29, 2024 -
Courtesy of Amwell
Teladoc reports mixed results following long-time CEO’s departure
The virtual care giant’s earnings were dragged by flagging growth in its BetterHelp segment, which suffered an 11% drop in paying users year over year.
By Sydney Halleman • April 26, 2024 -
Samantha Liss/Healthcare Dive
Centene looks beyond Medicaid redeterminations
The nation's largest Medicaid insurer expects to return to normal operations this year, though redeterminations continue to dog Centene through a mismatch between rates and acuity.
By Rebecca Pifer Parduhn • April 26, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS kicks off 2024 with a net loss as expenses remain high
The health system made progress on controlling expenses by cutting contract labor costs and insourcing physicians, but costs still dragged on earnings.
By Susanna Vogel • April 25, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
UHS posts strong profits as acute and behavioral care revenue rises
The for-profit health system’s revenue rose by more than 10% in the first quarter.
By Susanna Vogel • April 25, 2024 -
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Molina to challenge Medicaid contract losses in Florida, Virginia
Despite business growth in the first quarter, Molina reiterated its prior 2024 guidance out of caution that it won’t be able to reprocure the contested contracts.
By Rebecca Pifer Parduhn • April 25, 2024 -
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Humana withdraws 2025 earnings outlook on unsatisfactory MA rates
Because of the final rates for next year, Humana will have to enact “larger benefit reductions to achieve stable margins,” its CFO told investors.
By Rebecca Pifer Parduhn • April 24, 2024 -
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Senators press Steward lenders for solutions days ahead of payment deadline
Sens. Elizabeth Warren and Edward Markey sent letters last week to Steward’s top lenders, asking for modified loan terms to help keep hospitals open.
By Susanna Vogel • April 23, 2024 -
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CHS to sell Tennessee hospital for $160M
CEO Tim Hingtgen told investors in February that divestitures could yield more than $1 billion for the hospital operator.
By Susanna Vogel • April 22, 2024 -
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Elevance notches $2.3B in profit, unfazed by Change attack
The insurer says it has caught up on claims delayed due to the cyberattack on the clearinghouse earlier this year, and shared more details on a new primary care venture with a private equity firm.
By Rebecca Pifer Parduhn • April 18, 2024 -
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Over 20% of healthcare bankruptcies last year were linked to private equity: report
Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.
By Susanna Vogel • April 17, 2024 -
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Deep Dive // Tracking Steward's decline
Steward bankruptcy likely as massive debt remains, with few options left
Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.
By Susanna Vogel • April 16, 2024 -
Courtesy of UnitedHealth Group
Change Healthcare cyberattackUnitedHealth expects up to $1.6B hit from Change cyberattack this year
Investors on Tuesday got a clearer picture of the cyberattack's financial fallout on the healthcare juggernaut. Some said it wasn't as bad as they'd feared.
By Rebecca Pifer Parduhn • April 16, 2024
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