Finances: Page 2
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Biden administration finalizes modest cut to 2025 Medicare Advantage rates
Despite heavy lobbying, insurers failed to see MA rates improve in the final rule, which codified a 0.16% decrease to benchmark funding.
By Rebecca Pifer • April 2, 2024 -
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Walgreens posts $6B loss on waning VillageMD value; ups clinic closures
The retail pharmacy chain has closed 140 VillageMD locations to date to cut costs, blowing past its previous goal of 60 closures.
By Rebecca Pifer • March 28, 2024 -
Explore the Trendline➔
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TrendlineHealthcare Dive's Outlook for 2022
As the country enters its third year of battling the COVID-19 pandemic, fault lines in the healthcare landscape are becoming more clear and long-term implications are becoming more evident.
By Healthcare Dive staff -
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Change cyberattack could damage credit at small providers: Fitch
Smaller companies may already have worse credit ratings and could struggle with cash flow disruptions caused by the outage.
By Emily Olsen • March 19, 2024 -
Courtesy of Kroger
Elevance to buy Kroger’s specialty pharmacy
Major pharmacy benefit managers continue to double down on specialty as a reliable source of business amid a growing crop of pharmacy upstarts.
By Rebecca Pifer • March 19, 2024 -
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Change Healthcare cyberattackSmall, financially struggling providers at risk from Change cyberattack: Moody’s
Larger providers, however, aren’t immune from cash flow challenges, especially if UnitedHealth Group is unable to restore systems by mid-March.
By Emily Olsen • March 11, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Providence improves in 2023, but still posts $600M net loss
The nonprofit cut losses compared to 2022 as it implemented a financial recovery strategy, but expenses continued to plague the system.
By Susanna Vogel • March 8, 2024 -
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Deep DiveWhy Cigna is capping cost increases for pricey GLP-1 weight loss drugs
The move — the first of its kind — comes as pharmacy benefit managers continue to try to prove their value to clients, and shows how major players are shoring up to meet sky-high GLP-1 demand.
By Rebecca Pifer • March 8, 2024 -
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Change Healthcare cyberattackCMS rolls out provider flexibilities amid fallout from Change cyberattack
Provider groups argued the government should go further to financially bolster providers during the outage at Change Healthcare.
By Emily Olsen • March 5, 2024 -
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Elevance gains $190M on revised MA star ratings
It’s a positive development for the insurer, which sued the government earlier this year after its quality scores fell dramatically.
By Rebecca Pifer • March 5, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Cleveland Clinic posts $911M net income in 2023 on investment, volume growth
The health system is the latest to report a financial turnaround compared to 2022, which analysts called the worst operational year on record for nonprofit hospitals.
By Susanna Vogel • March 1, 2024 -
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Molina loses Medicaid contract in Virginia
It’s the second recent Medicaid state loss for Molina, despite executives expressing confidence about the insurer’s ability to retain contracts.
By Rebecca Pifer • March 1, 2024 -
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Walgreens’ VillageMD to exit Illinois
The primary care chain plans to shutter its remaining clinics in the state by April 19 as Walgreens continues to cut costs.
By Emily Olsen • March 1, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Mayo Clinic boosted operating income by 82% in 2023
Investment returns and outpatient services revenue drove results.
By Susanna Vogel • Feb. 29, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Northwell Health, Nuvance Health to merge
The proposed deal would create a 28-hospital system in New York and Connecticut.
By Susanna Vogel • Feb. 29, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
UHS eyes 2024 growth but ‘cautious’ amid persistent cost pressures
The Pennsylvania-based hospital operator grew revenue 7% in 2023 despite operational challenges, including high labor costs and strained payer relations.
By Susanna Vogel • Feb. 28, 2024 -
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Veradigm to delist after missing Nasdaq deadline
The healthcare IT company said trading of its shares will be suspended after it failed to comply with financial reporting requirements.
By Emily Olsen • Updated Feb. 28, 2024 -
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Lobby-funded study argues Medicare Advantage rate cuts are worse than CMS expects
Medicare Advantage payment per month per beneficiary could drop by 1% next year if regulators finalize rates as proposed, according to the analysis backed by the Better Medicare Alliance.
By Rebecca Pifer • Feb. 27, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Trinity Health cuts operating losses by 85% in first half of 2024
Revenue from acquisitions and outpatient services helped the Catholic health system trim losses.
By Susanna Vogel • Feb. 26, 2024 -
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R1 RCM receives takeover offer from New Mountain
The private equity firm’s offer represents a sizable premium on R1’s stock, but could be undervaluing the company, analysts said.
By Rebecca Pifer • Feb. 26, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS’ income falls in the fourth quarter as costs continue to climb
The Franklin, Tennessee-based hospital operator’s net income dropped nearly 90% year over year in the quarter.
By Susanna Vogel • Feb. 21, 2024 -
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Teladoc still looking for tech investments, M&A amid operational review
The telehealth vendor is trimming expenses, but it could pursue deals with strategically or financially attractive companies.
By Emily Olsen • Feb. 21, 2024 -
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 • 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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