Finances: Page 2
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Healthcare financial strain is ‘widespread’ in U.S., study finds
The analysis adds to a growing body of research highlighting the burden of healthcare costs in the U.S., even for families with higher incomes.
By Emily Olsen • Nov. 8, 2023 -
The image by Xnatedawgx is licensed under CC BY-SA 4.0
Envision Healthcare emerges from bankruptcy restructuring
The physician staffing firm, which filed for Chapter 11 bankruptcy this spring, said it has since reduced its debt by more than 70%.
By Emily Olsen • Nov. 7, 2023 -
Explore the Trendline➔
ipopba via Getty ImagesTrendlineThe 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 -
Kaiser Permanente’s investment, operating income rebounded in Q3
Kaiser reported a $239 million profit and $83 million in investment income, compared to multi-billion dollar losses in the same period last year.
By Susanna Vogel • Nov. 7, 2023 -
Drilling down on obesity drugs: What medtech executives are saying
Investor concerns that interest in GLP-1s will slow demand for medical devices and procedures have shaved roughly $370 billion in value from stocks across the medtech sector, according to research.
By Susan Kelly • Nov. 6, 2023 -
CMS finalizes 2024 Medicare hospital, doctor payments, 340B fix and price transparency requirements
Regulators finalized a number of rules Thursday with sweeping implications for providers in the Medicare program, including rates for next year that doctors and hospitals slammed as insufficient.
By Rebecca Pifer • Nov. 3, 2023 -
Amwell reports widening net loss, including $79M impairment charge
But the telehealth vendor’s new contract with the Defense Health Agency could support its path to profitability, management said.
By Emily Olsen • Nov. 2, 2023 -
Cigna raises 2023 membership outlook amid healthier economy
An expected economic downturn has yet to materialize, leading Cigna to say Thursday it plans to add at least 1.6 million members this year, up from previous forecasts.
By Rebecca Pifer • Nov. 2, 2023 -
CVS beats expectations in Q3, but high costs weigh on profit outlook
The company is prepared for potential legislation forcing transparency in its pharmacy benefit manager business practices later this year, CEO Karen Lynch said on Wednesday.
By Rebecca Pifer • Nov. 1, 2023 -
Health AI startup Olive to shut down
The startup was once valued at $4 billion during the height of the digital health funding boom.
By Emily Olsen • Nov. 1, 2023 -
Humana reports medical cost growth from MA utilization
The payer expects higher levels of Medicare Advantage utilization to continue for the remainder of the year, outgrowing past expectations.
By Sydney Halleman • Nov. 1, 2023 -
Tenet Healthcare beats expectations on growth in ambulatory and acute services
Tenet was also the latest for-profit operator to call out the impact of rising physician fees from the implementation of the No Surprises Act.
By Susanna Vogel • Oct. 31, 2023 -
Molina lowers Medicaid member retention rate post-redeterminations
But the California insurer’s forecast of $38 billion in premium revenue next year remained unchanged, thanks to new contract wins.
By Rebecca Pifer • Oct. 26, 2023 -
Again in the red, Community Health Systems logs $91M net loss in Q3
Despite cost containment efforts, CHS reported a net loss this week for the third consecutive quarter.
By Susanna Vogel • Oct. 26, 2023 -
UHS beats Wall Street expectations on rising patient volumes
The for-profit hospital operator grew revenue in the third quarter despite challenges in payer relations and Medicaid redeterminations.
By Susanna Vogel • Oct. 26, 2023 -
Insurance coverage not a panacea for healthcare affordability: survey
Numerous studies have outlined how high medical costs affect uninsured individuals, but healthcare prices are straining household budgets regardless of insurance type, according to the Commonwealth Fund.
By Rebecca Pifer • Oct. 26, 2023 -
Global digital health funding hits lowest level since 2016, report finds
Digital health funding is flagging this year, with investments in the sector reaching only 40% of last year’s totals, according to CB Insights.
By Emily Olsen • Oct. 25, 2023 -
Teladoc kicks off ‘operational review’ to boost bottom line
The virtual care giant reported mixed results Tuesday, missing Wall Street expectations on revenue but beating on earnings per share.
By Emily Olsen • Oct. 25, 2023 -
Deep Dive
Blue Shield of California is promising a simpler, cheaper pharmacy benefits model. Can it deliver?
Big questions hang over the California health insurer's bold experiment — having five vendors carry out PBM functions previously performed by one — that could threaten BSCA's expected savings.
By Rebecca Pifer • Updated Oct. 26, 2023 -
HCA misses Q3 expectations on costs from staffing firm Valesco
The for-profit reported operational strains associated with its physician staffing firm in its third-quarter earnings.
By Susanna Vogel • Oct. 24, 2023 -
Amwell, Leidos score defense contract worth up to $180M
Analysts predict the contract could be worth up to $54 million for Amwell alone over its 22-month term.
By Emily Olsen • Oct. 20, 2023 -
Washington hospitals sue state over expanded interpretation of a charity care law
A state hospital association says the updated charity care guidance, which would require facilities to offer subsidized care for patients regardless of residency, risks making Washington a “medical tourism destination."
By Susanna Vogel • Oct. 19, 2023 -
Henry Ford, Ascension enter joint venture to create $10.5B system
The no-cash deal will combine Detroit-based Henry Ford Health with Ascension’s southeast Michigan and Genesys healthcare facilities and create an organization spanning more than 550 sites.
By Emily Olsen • Oct. 19, 2023 -
Premiums rose 7% for employer-sponsored health coverage in 2023
The average premium was nearly $8,500 for single coverage and nearly $24,000 for family coverage this year, according to a new study published in Health Affairs.
By Emily Olsen • Oct. 18, 2023 -
Elevance could see $500M quality bonus revenue hit in 2025 from MA star ratings drop
The insurer is actively seeking ways to mitigate the financial impact of its star ratings drop, Elevance CEO Gail Boudreaux said during the insurer’s third-quarter earnings call.
By Sydney Halleman • Oct. 18, 2023 -
Financial distress is driving health system M&A, Kaufman Hall reports
More than a third of transactions announced in the third quarter included a party that cited financial distress as a reason behind the deal.
By Emily Olsen • Oct. 17, 2023