Finances: Page 3
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Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet says its upcoming ‘new era’ will be fueled by ambulatory surgeries
The Dallas-based provider also reported fourth quarter earnings on Thursday that beat Wall Street’s expectations for revenue.
By Susanna Vogel • Feb. 8, 2024 -
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Molina’s redeterminations losses reach 500K members
As for Medicare Advantage, the insurer said it expects proposed 2025 rates other payers have slammed as a cut would actually boost its benchmark rate.
By Rebecca Pifer • Feb. 8, 2024 -
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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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CVS cuts 2024 outlook on Medicare Advantage caution
The insurer on Wednesday joined its peers in slamming proposed MA payment rates as insufficient given the dogged increase in medical costs.
By Rebecca Pifer • Feb. 7, 2024 -
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Centene echoes Humana’s concerns about proposed MA rate drop
On the insurer’s earnings call, analysts peppered Centene with questions about its Medicare Advantage business until its CFO attempted to change the subject.
By Rebecca Pifer • Feb. 6, 2024 -
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UCSF Health to acquire two Dignity hospitals in San Francisco
The purchase comes as Dignity’s parent CommonSpirit Health has struggled financially, posting a $441 million operating loss in its first quarter.
By Emily Olsen • Feb. 6, 2024 -
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Cano Health to be delisted from NYSE after filing for bankruptcy
The primary care chain said it wouldn’t appeal the New York Stock Exchange’s decision to remove it from trading.
By Emily Olsen • Updated Feb. 6, 2024 -
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Humana flags potential MA funding dip if proposed rate notice finalized
Despite the uncertainty, the insurer reaffirmed its earnings outlook for 2025.
By Rebecca Pifer • Feb. 5, 2024 -
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Cigna is still interested in Medicare
The health insurer sees Medicare Advantage as an area for future growth, despite selling the division for $3.7 billion. Cigna’s CEO called the sale a “win-win” on a call with investors Friday.
By Rebecca Pifer • Feb. 2, 2024 -
Courtesy of Walgreens
Walgreens lays off another 145 employees
The drugstore retailer said it still has “significant cost savings and growth goals to deliver” as it confirmed further downsizing of its workforce.
By Daphne Howland • Feb. 2, 2024 -
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UCI Health completes $975M purchase of 4 Tenet hospitals
Tenet's latest hospital sale comes as the operator looks to pare down its debt.
By Susanna Vogel • Updated March 28, 2024 -
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Healthcare CFOs explore M&A, automation and service line cuts in 2024
Companies grappling with liquidity concerns are looking to trim costs and streamline operations, according to a new survey.
By Susanna Vogel • Jan. 31, 2024 -
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Cigna sells Medicare businesses to HCSC for $3.7B
The transaction exits Cigna from a sector that’s been a huge source of growth for insurers but has seen its earnings potential shrink.
By Rebecca Pifer • Jan. 31, 2024 -
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Medicare Advantage profitability is declining, Moody’s says
Insurers' MA earnings were 2% lower in 2022 than in 2019, signaling profits in the lucrative insurance program may be weakening.
By Emily Olsen • Jan. 30, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
HCA beats Q4 expectations, outlines 2024 expansion
Executives also announced the retirement of longtime CFO Bill Rutherford during a Tuesday earnings call.
By Susanna Vogel • Jan. 30, 2024 -
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Penn Medicine ends plans to buy hospital from Tower Health
Cash-strapped Tower has been trying to sell Brandywine Hospital even before the facility's closure in 2022.
By Emily Olsen • Jan. 29, 2024 -
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No Surprises Act prevented 10M surprise bills in first nine months of 2023, insurer groups say
AHIP and BCBSA also took aim at providers for allegedly abusing the billing dispute resolution process set up by No Surprises, in the latest salvo over the polarizing law.
By Rebecca Pifer • Jan. 29, 2024 -
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Healthcare bankruptcies reached five-year peak in 2023, report finds
Researchers logged 79 Chapter 11 bankruptcies for companies with liabilities of at least $10 million last year, more than three times the number of 2021 filings.
By Emily Olsen • Jan. 26, 2024 -
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Humana names inaugural ‘Growth President’ after posting grim financial outlook
David Dintenfass will have his hands full trying to right the ship, as Humana stares down expectations for notably slower growth in 2024 and beyond.
By Rebecca Pifer • Jan. 26, 2024 -
Permission granted by Bessemer Venture Partners
Q&AMoving past an anomaly: Bessemer’s Andrew Hedin on ‘high quality’ startups driving funding in 2024
Andrew Hedin discusses the outlook for digital health investment in 2024 and why startups that can prove their worth will continue to earn funding.
By Emily Olsen • Jan. 26, 2024 -
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Humana posts big loss, dour outlook on Medicare Advantage cost spike
The health insurer’s stock plunged Thursday morning following its 2023 results, which fell startlingly short of Wall Street’s expectations.
By Rebecca Pifer • Jan. 24, 2024 -
Permission granted by Elevance Health
Elevance controls medical costs to $6B profit in 2023
The payer curbed the worst of medical cost growth last year, and expects to do the same in 2024 — an assumption one analyst called “aggressive” given persistent higher utilization among seniors.
By Rebecca Pifer • Jan. 24, 2024 -
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Walgreens exploring sale of Shields Health Solutions: Bloomberg
The specialty pharmacy could be valued at more than $4 billion in a sale, but a deal might slow the healthcare segment’s drive toward profitability.
By Emily Olsen • Jan. 24, 2024 -
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Sponsored by TeleperformanceImplementing high-tech, high-touch digital services to create more personalized, patient-centric care
Improve the patient experience by addressing high interaction volume and channel complexity.
By Jeff Hechemy, Executive Vice President – Healthcare at Teleperformance • Jan. 22, 2024 -
Samantha Liss/Healthcare Dive
Centene wins New Hampshire Medicaid contract
It’s not yet clear how much the new Medicaid managed care contract is worth. The state’s previous contract with insurers, including Centene, allocated $6 billion in funds over five years.
By Rebecca Pifer • Jan. 19, 2024 -
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Humana slashes 2023 profit outlook as high medical costs continue
The insurer also lowered its expectations for Medicare Advantage membership growth this year to below the industry average.
By Rebecca Pifer • Jan. 18, 2024
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