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

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 Shannon Muchmore • May 5, 2023

Explore the 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

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 Sydney Halleman • May 4, 2023

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 Rebecca Pifer • May 3, 2023

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 Sydney Halleman • May 2, 2023

Bright Health explores sale of California MA business

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

By Rebecca Pifer • May 1, 2023

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 Rebecca Pifer • April 27, 2023

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 Sydney Halleman • April 27, 2023

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 Sydney Halleman • April 26, 2023

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 Shannon Muchmore • April 26, 2023

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 Shannon Muchmore • April 25, 2023

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 Sydney Halleman • April 25, 2023

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 Sydney Halleman • April 24, 2023

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

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 Rebecca Pifer • April 20, 2023

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 Shannon Muchmore • April 19, 2023

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 Rebecca Pifer • April 14, 2023

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 Rebecca Pifer • April 13, 2023

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 Rebecca Pifer • April 11, 2023

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 Rebecca Pifer • April 11, 2023

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 Sydney Halleman • April 11, 2023

‘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 Shannon Muchmore • April 11, 2023

‘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 Rebecca Pifer • April 6, 2023

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 Rebecca Pifer • April 3, 2023

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 Rebecca Pifer • March 28, 2023