Finances: Page 2


  • Colorful medical pills cover Benjamin Franklin's face on one hundred american dollar bill.
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    Stock via Getty Images
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    Synchrony, Wells Fargo, Bread Financial lead medical credit card market

    The medical credit card industry has expanded in recent years as healthcare providers promoted the cards to patients, the Consumer Financial Protection Bureau said in a report.

    By Tatiana Walk-Morris • May 8, 2023
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    Matt Slocum/AP

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    Cigna raises full-year guidance on $46.5B in Q1 revenue

    CFO Brian Evanko said that, while Cigna is “not yet seeing signs of economic pressure,” it expects higher levels of overall disenrollment in the back half of the year.

    By May 5, 2023
  • a collage of healthcare images Explore the Trendline
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    ipopba via Getty Images
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    Trendline

    The Healthcare Dive Outlook on 2023

    COVID-19 will continue to be a key presense in 2023, as the public health emergency is slated to end in May, sparking a major transition for the industry.

    By Healthcare Dive staff
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    Adeline Kon/Healthcare Dive/Healthcare Dive
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    Hospital margins continue to stabilize but remain below pre-pandemic levels

    Rising expenses and thin operating margins have left hospitals vulnerable to a potential recession or a new public health emergency.

    By May 4, 2023
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    Mario Tama via Getty Images
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    CVS lowers 2023 earnings outlook on Oak Street, Signify deal costs

    The company’s recent big-ticket acquisitions are taking a toll on its financial outlook, though management told investors Wednesday the company still expects to reach its prior earnings targets for 2024 and 2025.

    By May 3, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Lower patient acuity, expenses drove CHS to $51M loss in Q1

    CHS continued to grapple with heightened expenses in the quarter, including a sequential increase in salary and benefit expenses and supply costs, according to executives.

    By May 2, 2023
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    erdikocak via Getty Images
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    Bright Health explores sale of California MA business

    The move, if completed, would mean the end of the company as a health insurer.

    By May 1, 2023
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    JaysonPhotography via Getty Images
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    Teladoc beats Wall Street expectations on first quarter results, raises guidance

    Teladoc raised its 2023 outlook following the quarter, which analysts said represented a strong start to the year.

    By April 27, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Medicaid redeterminations

    Molina expects half of Medicaid enrollees gained during COVID to lose eligibility due to redeterminations

    Redeterminations, which began earlier this month, are not expected to result in a “significant margin impact,” Molina’s CEO said, as the payer raised its full-year guidance.

    By April 27, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    UHS continued COVID recovery as behavioral, acute volumes boosted Q1 results

    Although the operator is recovering from the pandemic, non-COVID-19 volume recovery has been “a bit slower than anticipated,” executives said Wednesday.

    By April 26, 2023
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    Courtesy of Humana
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    Humana boosts 2023 expectations for Medicare Advantage growth

    The insurer reported favorable MA inpatient utilization as COVID-19 claims decreased in the first quarter.

    By April 26, 2023
  • Centene's headquarters in Clayton, Missouri, a suburb outside of St. Louis.
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    Samantha Liss for Healthcare Dive
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    Medicaid redeterminations

    Centene lowers 2024 earnings guidance as Medicaid redeterminations roll out

    The payer beat Wall Street expectations in the first quarter on both earnings and revenue, which reached $39 billion.

    By April 25, 2023
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    Sensay via Getty Images
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    Tenet boosts full-year profit forecast after gains in Q1 volume growth

    Surgical cases at the operator’s ambulatory unit climbed 8% year over year, leading to a surge in ambulatory operating revenue.

    By April 25, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    HCA boosts full-year guidance on Q1 increase in net income, revenue

    The operator logged an increase in admissions and a decrease in contract labor spending during the first quarter.

    By April 24, 2023
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    Edwin Tan via Getty Images
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    Sponsored by Sagility

    Transformative AI to revamp prior authorizations

    With the right payment integrity approach and finely tuned focus, payers will find the exceptional service execution required to thrive in today’s environment.

    By Abhishek Danturti Sharma,Principal, Business Transformation, Sagility • April 24, 2023
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    Fotolia
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    HIMSS23

    Hospitals look for immediate return on investments in tough operating environment

    “We’re not going after anything that’s kind of cool that takes a couple of years to get to the bottom line. This is about immediate returns,” an Advocate Health executive said Wednesday at HIMSS23.

    By April 20, 2023
  • Medicaid redeterminations

    Elevance sees revenue boost as it focuses on Medicaid redeterminations

    The payer said it was pleased with the recent CMS decision to phase in risk adjustment changes to the Medicare Advantage program that would allow it to “smooth the impact” to beneficiaries and providers.

    By April 19, 2023
  • UnitedHealth Group's headquarters building in Minnetonka, Minnesota.
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    UnitedHealth Group
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    UnitedHealth notches record revenue in first quarter

    UnitedHealth’s growth, which resulted in a profit of $5.8 billion in the quarter, was “stronger than normal,” one analyst said.

    By April 14, 2023
  • The front opening to Advocate Aurora Healthcare's Two Rivers, Wisconsin, hospital.
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    Asher Heimermann. Retrieved from Wikimedia Commons.
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    Advocate Aurora is latest nonprofit in the red, posts $751M net loss in 2022

    Climbing expenses and investment losses contributed to the drop, compared with net income of $1.8 billion in 2021.

    By April 13, 2023
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    Alex Wong via Getty Images
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    CMS proposes 2.8% hospital payment bump for 2024; lobbies decry rise as ‘woefully inadequate’

    Hospital lobbies slammed the proposed rule as insufficient to help hospitals address inflation and rising labor costs, though research signals hospitals are more financially stable than such groups suggest.

    By April 11, 2023
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    lucky-photographer via Getty Images
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    Cano’s former board members allege conflicts of interest, insider loans

    A new open letter from investors Barry Sternlicht, Elliot Cooperstone and Lewis Gold calls on Cano to oust its CEO and sell non-core businesses to focus on profitability.

    By April 11, 2023
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    Natalie Meepian via Getty Images
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    Last year was second-best ever for healthcare private equity deals, Bain finds

    PE transactions were buoyed by a strong first half of the year, with deals declining in the second half due to tensions from Russia’s invasion of Ukraine and growing inflationary pressures.

    By April 11, 2023
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    Fotolia
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    ‘Fair share’ deficits at nonprofit hospitals reached $14.2B in 2020

    The amount nonprofit hospitals in several states receive in tax breaks over what they spend on charity care could cover all medical debt for residents, according to the Lown Institute.

    By April 11, 2023
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    ‘Turbulent waters’: The rocky digital health funding market post-SVB collapse

    If funding in the next three quarters matches the average funding in the prior three, 2023 is on pace to see the lowest level of digital health funding since 2019, a new report from Rock Health found.

    By April 6, 2023
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    iStock via Getty Images
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    Medicare go-broke date pushed back to 2031

    The date Medicare’s hospital trust fund is expected to run dry has been extended by three years, but stakeholders continue to urge action from Washington to address Medicare’s long-term solvency.

    By April 3, 2023
  • Walgreens Pharmacy sign logo
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    Joe Raedle via Getty Images
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    Walgreens healthcare division boosts retail giant’s second-quarter earnings

    Walgreens’ U.S. healthcare division, including VillageMD, recorded $1.6 billion in sales in the quarter, an increase of $1.1 billion from last year.

    By March 28, 2023