Hospitals to end year with negative margins, Kaufman Hall reports

Systems face continued staffing shortages and fewer discharges amid increased expenses, according to Kaufman Hall’s report.

By Hailey Mensik • Nov. 30, 2022

UnitedHealth Group projects up to $360B in 2023 revenue, buoyed by Optum growth

The projected revenue growth comes after the Department of Justice announced this month it would appeal a federal judge’s decision that allowed UnitedHealth’s $13 billion purchase of Change Healthcare to close.

By Sydney Halleman • Nov. 30, 2022

Advocate Aurora plans to hike rates at Wisconsin locations

The Midwest hospital system said the increases are necessary to offset continued market and industry challenges compounded by inflation, inadequate reimbursement rates and ripple effects from the COVID-19 pandemic.

By Susan Kelly • Nov. 30, 2022

Amwell in talks to acquire Talkspace: report

The reported $200 million transaction reflects Talkspace's declining value since the therapy company went public last summer at a $1.4 billion valuation.

By Rebecca Pifer • Nov. 28, 2022

Midwest health systems on track to merge

At a time when the pace of healthcare mergers has slowed, Bellin Health and Gundersen Health System are forming a system of 11 hospitals.

By Susan Kelly • Nov. 23, 2022

Intermountain ekes out slim profit, weighed down by supply, labor costs

The Salt Lake City-based system, which merged earlier this year with Colorado-based SCL Health, said labor expenses are up 45% from a year ago.

By Susan Kelly • Nov. 22, 2022

Health tech companies weigh options to stem cash burn as IPO market sags

Healthcare technology companies are delaying initial share sales as public market stocks and valuations plunge across the sector. Where will they turn in the meantime?

By Sydney Halleman • Nov. 21, 2022

Mayo Clinic income slumps as expenses climb in Q3

Expenses outpaced revenue growth as the Minnesota-based health system became the latest provider to report a recent drop in operating income.

By Susan Kelly • Nov. 21, 2022

Morgan Health nabs Walmart executive to accelerate strategy around population health

Cheryl Pegus is leaving Walmart’s health division to work as a managing director for JPMorgan’s venture attempting to lower employer health costs.

By Rebecca Pifer • Nov. 21, 2022

‘Not in la la land’: As digital health funding ebbs, VCs urge startups to be conservative

The explosion of funding during the pandemic was a good thing, but the ongoing market correction is a good thing too as only the best business models will survive, prominent investors argued at HLTH.

By Rebecca Pifer • Nov. 18, 2022

Advocate Aurora remains in the red with reduced investments, higher labor costs

The nonprofit health system’s results add to the chorus of hospital providers reporting continued labor challenges.

By Samantha Liss • Nov. 18, 2022

CommonSpirit posts $400M loss due to higher labor costs, dip in volumes

The health system said its payer mix has softened, as revenue from commercial members dropped compared to the first quarter of last year.

By Samantha Liss • Nov. 16, 2022

Elevance plans to continue aggressive M&A, CEO says

CEO Gail Boudreaux said the insurer plans to grow "very aggressively" into adjacent care services.

By Rebecca Pifer • Nov. 15, 2022

General Catalyst adds 10 new health system partners, including UHS

The venture capital firm connects health systems to health tech startups, allowing partner hospitals to develop new technologies in exchange for the startups testing their products on the ground.

By Rebecca Pifer • Nov. 15, 2022

Slower digital health funding prompts rise in M&A activity: report

Companies are expected to continue to explore tie-ups during an unfavorable fundraising period.

By Hailey Mensik • Nov. 10, 2022

Bright Health ceases MA operations in Florida in latest business cut

The newest reduction for the insurtech comes less than a month after Bright announced it was leaving the Affordable Care Act exchanges and slashing its Medicare Advantage footprint to just Florida and California.

By Rebecca Pifer • Nov. 10, 2022

Profits continue to climb for payers as possible recession looms

Despite talk of a recession, all major insurers expect a rosier end to 2022 than previously predicted. On the other hand, profits fell for large hospital operators faced with pricier labor and lower volumes.

By Samantha Liss • Nov. 9, 2022

What’s in it for Evernorth? Cigna’s health services arm invests $2.5B in VillageMD-Summit

The deal could have major ramifications for Evernorth’s push to value-based care in the commercial sector, according to Cigna executives and analysts.

By Rebecca Pifer • Nov. 9, 2022

Oak Street Health brings in record revenue in Q3

The value-based primary care chain’s capitated revenue, which makes up the large majority of its topline, would have been slightly higher, but included a small hit from matters related to the Medicare direct contracting program.

By Rebecca Pifer • Nov. 8, 2022

Walgreens-backed VillageMD buys Summit Health for $9B

Cigna’s health services division Evernorth is also taking a stake in the deal, and will become a minority owner in VillageMD.

By Rebecca Pifer • Nov. 7, 2022

Hospitals expected to end year with negative margins, Kaufman Hall says

Nine straight months of negative margins could lead to “one of the worst financial years for hospitals” in 2022, according to a new report.

By Sydney Halleman • Nov. 4, 2022

Half of hospitals spend just 1.4% of expenses on charity care, KFF finds

The new analysis found wide variations in charity care. At 8% of hospitals, it made up 0.1% or less of operating expenses.

By Rebecca Pifer • Nov. 4, 2022

Cigna faces questions about M&A strategy amid ‘arms race’ for deals

One analyst asked whether not pursuing deals will pose a disadvantage in future years. CEO David Cordani said he is open to M&A but does not think acquisitions are a “silver bullet.”

By Samantha Liss • Nov. 3, 2022

Capitated revenue now makes up outsized share of One Medical’s net revenue

One year after its Iora acquisition, revenue from capitated contracts represents half of One Medical’s net revenue even though the provider’s at-risk members comprise just 5% of total membership.

By Rebecca Pifer • Nov. 3, 2022

CVS agrees to pay $5B to resolve opioid-related lawsuits

Walgreens and Walmart also have reportedly reached deals. If they become final, it could end much of the yearslong litigation over the pharmacy companies’ role in the opioid epidemic.

By Rebecca Pifer • Nov. 2, 2022