Finances: Page 16
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Illustration: Xavier Lalanne-Tauzia for Industry Dive
Ascension posts $231M in quarterly operating income as labor costs come down
The Catholic health system attributed its results to increased patient volumes and successful cost-cutting initiatives.
By Susanna Vogel • Feb. 20, 2024 -
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Deep DiveInsurers brace for continued Medicare Advantage medical costs
The big question coming out of the health insurance earnings season is how much elevated utilization among seniors is carrying over into 2024.
By Rebecca Pifer Parduhn • Feb. 20, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Mass General Brigham’s investment income boosted Q1 earnings
But operating expenses — including increases in supply and wage costs — continued to pressure the nonprofit.
By Susanna Vogel • Feb. 20, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CommonSpirit trims operating losses in second quarter
The nonprofit improved net income but was still dogged by rising expenses in the quarter.
By Susanna Vogel • Feb. 16, 2024 -
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Amwell cut headcount by 10% since end of 2023
The telehealth vendor faced headwinds last year as it migrated customers to a new platform, executives said on an earnings call this week.
By Emily Olsen • Feb. 14, 2024 -
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Elevance lays off more employees
The health insurer has quietly laid off thousands of employees since September, according to sources.
By Rebecca Pifer Parduhn • Feb. 13, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Kaiser reports $4.1B net gain in 2023 on improved investments
The nonprofit’s financial rebound followed a difficult 2022 in which the operator reported a $4.5 billion net loss.
By Susanna Vogel • Feb. 12, 2024 -
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Healthcare PE deals third-highest on record in 2023: Pitchbook
Interest rate cuts could boost deal counts later this year, but some investors are more cautious following increased antitrust scrutiny.
By Emily Olsen • Feb. 12, 2024 -
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Sponsored by Huron5 dynamics shaping healthcare’s digital evolution
New research surfaces what’s driving healthcare organizations' digital strategies and investments.
Feb. 12, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet says its upcoming ‘new era’ will be fueled by ambulatory surgeries
The Dallas-based provider also reported fourth quarter earnings on Thursday that beat Wall Street’s expectations for revenue.
By Susanna Vogel • Feb. 8, 2024 -
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Molina’s redeterminations losses reach 500K members
As for Medicare Advantage, the insurer said it expects proposed 2025 rates other payers have slammed as a cut would actually boost its benchmark rate.
By Rebecca Pifer Parduhn • Feb. 8, 2024 -
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CVS cuts 2024 outlook on Medicare Advantage caution
The insurer on Wednesday joined its peers in slamming proposed MA payment rates as insufficient given the dogged increase in medical costs.
By Rebecca Pifer Parduhn • Feb. 7, 2024 -
Samantha Liss/Healthcare Dive
Centene echoes Humana’s concerns about proposed MA rate drop
On the insurer’s earnings call, analysts peppered Centene with questions about its Medicare Advantage business until its CFO attempted to change the subject.
By Rebecca Pifer Parduhn • Feb. 6, 2024 -
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UCSF Health to acquire two Dignity hospitals in San Francisco
The purchase comes as Dignity’s parent CommonSpirit Health has struggled financially, posting a $441 million operating loss in its first quarter.
By Emily Olsen • Feb. 6, 2024 -
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Cano Health to be delisted from NYSE after filing for bankruptcy
The primary care chain said it wouldn’t appeal the New York Stock Exchange’s decision to remove it from trading.
By Emily Olsen • Updated Feb. 6, 2024 -
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Humana flags potential MA funding dip if proposed rate notice finalized
Despite the uncertainty, the insurer reaffirmed its earnings outlook for 2025.
By Rebecca Pifer Parduhn • Feb. 5, 2024 -
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Cigna is still interested in Medicare
The health insurer sees Medicare Advantage as an area for future growth, despite selling the division for $3.7 billion. Cigna’s CEO called the sale a “win-win” on a call with investors Friday.
By Rebecca Pifer Parduhn • Feb. 2, 2024 -
Courtesy of Walgreens
Walgreens lays off another 145 employees
The drugstore retailer said it still has “significant cost savings and growth goals to deliver” as it confirmed further downsizing of its workforce.
By Daphne Howland • Feb. 2, 2024 -
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UCI Health completes $975M purchase of 4 Tenet hospitals
Tenet's latest hospital sale comes as the operator looks to pare down its debt.
By Susanna Vogel • Updated March 28, 2024 -
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Healthcare CFOs explore M&A, automation and service line cuts in 2024
Companies grappling with liquidity concerns are looking to trim costs and streamline operations, according to a new survey.
By Susanna Vogel • Jan. 31, 2024 -
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Cigna sells Medicare businesses to HCSC for $3.7B
The transaction exits Cigna from a sector that’s been a huge source of growth for insurers but has seen its earnings potential shrink.
By Rebecca Pifer Parduhn • Jan. 31, 2024 -
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Medicare Advantage profitability is declining, Moody’s says
Insurers' MA earnings were 2% lower in 2022 than in 2019, signaling profits in the lucrative insurance program may be weakening.
By Emily Olsen • Jan. 30, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
HCA beats Q4 expectations, outlines 2024 expansion
Executives also announced the retirement of longtime CFO Bill Rutherford during a Tuesday earnings call.
By Susanna Vogel • Jan. 30, 2024 -
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Penn Medicine ends plans to buy hospital from Tower Health
Cash-strapped Tower has been trying to sell Brandywine Hospital even before the facility's closure in 2022.
By Emily Olsen • Jan. 29, 2024 -
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No Surprises Act prevented 10M surprise bills in first nine months of 2023, insurer groups say
AHIP and BCBSA also took aim at providers for allegedly abusing the billing dispute resolution process set up by No Surprises, in the latest salvo over the polarizing law.
By Rebecca Pifer Parduhn • Jan. 29, 2024
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