Finances: Page 2


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    CHS to sell Tennessee hospital for $160M

    CEO Tim Hingtgen told investors in February that divestitures could yield more than $1 billion for the hospital operator.

    By April 22, 2024
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    Elevance notches $2.3B in profit, unfazed by Change attack

    The insurer says it has caught up on claims delayed due to the cyberattack on the clearinghouse earlier this year, and shared more details on a new primary care venture with a private equity firm.

    By April 18, 2024
  • Trendline

    Healthcare 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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    Getty Images via Getty Images
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    Over 20% of healthcare bankruptcies last year were linked to private equity: report

    Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.

    By April 17, 2024
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    Deep Dive // Tracking Steward's decline

    Steward bankruptcy likely as massive debt remains, with few options left

    Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.

    By April 16, 2024
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    Courtesy of UnitedHealth Group
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    Change Healthcare cyberattack

    UnitedHealth expects up to $1.6B hit from Change cyberattack this year

    Investors on Tuesday got a clearer picture of the cyberattack's financial fallout on the healthcare juggernaut. Some said it wasn't as bad as they'd feared.

    By April 16, 2024
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    erdikocak via Getty Images
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    Medical Properties Trust selling spree continues, Utah deal closes

    The deal is expected to generate approximately $1.1 billion in in cash for the liquidity-strapped hospital landlord.

    By April 15, 2024
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    Florida issues Medicaid managed care awards booting out UnitedHealth, CVS and Molina

    Meanwhile, Centene, Elevance and Humana held onto statewide contracts. The reprocurement was especially positive for Centene, which had been expected to lose market share, analysts said.

    By April 15, 2024
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    More than three-fourths of doctors are employed by corporations, report finds

    Rampant consolidation continues to threaten the existence of independent physicians, according to a new report from Avalere and the Physicians Advocacy Institute.

    By April 12, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Tracking Steward's decline

    Steward buy could add 3,000 doctors to Optum’s physician network, regulator says

    There’s a long way to go before the highly anticipated deal can close, as parties have yet to file the paperwork required to kick off Massachusetts' antitrust review process, a regulator said yesterday.

    By April 11, 2024
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    Alex Wong / Staff via Getty Images
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    CMS proposes 2.6% payment increase for inpatient hospitals next year

    Regulators said payments to hospitals would increase $3.2 billion in 2025 under the proposed rule. However, the American Hospital Association called the hike “woefully inadequate.”

    By April 11, 2024
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    FangXiaNuo via Getty Images
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    Medical Properties Trust offloads 5 hospitals to Prime Healthcare

    One of the nation’s largest hospital landlords will pay down its debt load with the proceeds, executives said.

    By April 11, 2024
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    Marshfield Clinic to lay off furloughed workers

    The Wisconsin-based health system furloughed about 3% of its employees earlier this year, and most are impacted by these job cuts.

    By April 5, 2024
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    JaysonPhotography via Getty Images
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    Amwell in danger of being booted from NYSE

    The once high-flying telehealth stock has traded below the exchange’s minimum listing requirements for 30 days, according to a new notice.

    By April 5, 2024
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    andresr via Getty Images
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    Deep Dive // Change Healthcare cyberattack

    Change cyberattack serves as wake-up call for healthcare cybersecurity

    The outage shows why health systems need to plan for inevitable cyberattacks, evaluating risks and putting operational backups in place, experts say.

    By April 4, 2024
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    Kaiser closes Geisinger acquisition, launching Risant Health

    The deal closed roughly a year after it was first announced. Geisinger is the first health system to join Risant, but it’s far from the last — the hospital operator wants to acquire at least four additional nonprofits.

    By April 3, 2024
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    Alex Wong / Staff via Getty Images
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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 April 2, 2024
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    Scott Olson via Getty Images
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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 March 28, 2024
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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 March 19, 2024
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    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 March 19, 2024
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    dventtr via Getty Images
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    Change Healthcare cyberattack

    Small, 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 March 11, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 March 8, 2024
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    Julia Rendleman via Getty Images
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    Deep Dive

    Why 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 March 8, 2024
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    erdikocak via Getty Images
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    Change Healthcare cyberattack

    CMS 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 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 March 5, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    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 March 1, 2024