Finances: Page 32
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Change shares peek at 2023 as UnitedHealth merger trial looms
The data analytics company highlighted its momentum heading into the next fiscal year, outlining what 2023 could look like if its controversial $13 billion merger with UnitedHealth falls through.
By Rebecca Pifer • May 31, 2022 -
Megan Quinn/Healthcare Dive
Healthcare spending could drop $11.4B next year if ACA premium subsidies expire, research finds
The looming coverage cliff would also hit providers financially, according to a new report. President Joe Biden has pushed Congress to extend the more generous financial aid provided by the American Rescue Plan.
By Rebecca Pifer • May 26, 2022 -
AHA urges DOJ to probe Medicare Advantage plans that deny care
The hospital lobby is pushing the Justice Department to punish Medicare Advantage organizations that routinely deny coverage to beneficiaries.
By Susan Kelly • May 23, 2022 -
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Hospitals charge employer health plans more than 2 times what they charge Medicare for same services
Rand researchers also found wide price variations across states. Florida, West Virginia and South Carolina had relative prices at or above 310% of Medicare prices, according to the report.
By Hailey Mensik • May 18, 2022 -
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Nonprofit hospitals squeezed by pricier labor, investment losses in Q1
The first quarter is going to be "one of the worst for most of our providers," Fitch Analyst Kevin Holloran said last week.
By Samantha Liss • May 16, 2022 -
Mario Tama via Getty Images
Hospital labor expenses up 37% from pre-pandemic levels in March
Hospitals spent nearly $5,500 in labor expenses per adjusted discharge in March compared to about $4,000 roughly three years ago, according to a report from Kaufman Hall.
By Hailey Mensik • May 12, 2022 -
Courtesy of Oscar Health
Oscar Health withdraws from 2 states
Leaving Arkansas and Colorado won't have a material effect on the company's income, and should reduce the insurtech's overhead in areas like compliance work and statutory reporting, executives said.
By Rebecca Pifer • May 11, 2022 -
Amwell Q1 net loss widens on costs to expand Converge platform
The vendor's revenue grew 11% while expenses climbed 40% year over year, as Amwell invested heavily in research and development for its open architecture Converge platform.
By Rebecca Pifer • May 10, 2022 -
Insurers saw profits rise in Q1 as cost increases weighed on hospitals
The results spurred payers to paint an improved financial outlook for the full year compared to earlier estimates for 2022.
By Samantha Liss • May 9, 2022 -
Permission granted by JM Electrical
Mass General Brigham gets partial nod for $2B expansion
Massachusetts' leading hospital system, under state scrutiny to rein in spending, has cleared a key hurdle in its expansion plans.
By Susan Kelly • May 9, 2022 -
Investment losses, COVID-19 costs drive Kaiser to $961M net loss
That's down from a net income of $2 billion at the same time last year.
By Rebecca Pifer • May 9, 2022 -
Courtesy of Sutter Health
Nonprofit break-off drives Sutter to net loss, as system faces year full of labor negotiations
Despite an improvement in operations, an Oakland-based university disaffiliating from the system in January drove Sutter to a loss of $184 million in the first quarter.
By Rebecca Pifer • Updated May 12, 2022 -
Peter Macdiarmid via Getty Images
Hospitals, PBMs say drugmaker restrictions on 340B discounts stifling finances
Four court decisions on the legality of the restrictions — two in favor of drugmakers and two against — are currently pending appeals.
By Rebecca Pifer • May 5, 2022 -
Win McNamee via Getty Images
Hospital volumes, revenues rebounded as omicron cases waned in March
Many patients returned for nonurgent procedures and other non-COVID-19 care, especially outpatient, that had been previously delayed, according to a Kaufman Hall report.
By Hailey Mensik • May 3, 2022 -
Mario Tama via Getty Images
Labor costs unlikely to wind down soon, for-profit hospitals report in Q1
Hospital operators hoped the need for temporary nursing staff and heightened labor costs would ease alongside dwindling cases of the omicron variant, as they did during previous waves. That wasn't the case in the first quarter.
By Hailey Mensik • May 2, 2022 -
Stericycle reports challenging Q1, outlines path to recover from labor and inflation effects
As it saw a decline in pandemic-related waste, Stericycle experienced its most acute period of driver illnesses yet. The company also previewed a new medical waste facility and closed out a $90 million corruption settlement.
By Megan Quinn • April 29, 2022 -
Teladoc records $6.6B impairment charge on Livongo acquisition, spurring record net loss
Teladoc bought chronic care giant Livongo for $18.5 billion two years ago, but the asset's waning value and external market factors triggered the multibillion-dollar goodwill impairment charge in the first quarter.
By Rebecca Pifer • Updated April 28, 2022 -
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Healthcare M&A slowed in Q1 amid economic concerns, omicron impact, KPMG says
Deals across the sector fell by a third in the period from the brisk pace at the end of last year as buyers weighed an economic slowdown, the Russian-Ukraine war and the impact of the omicron variant, according to the new report.
By Susan Kelly • April 26, 2022 -
Rusty Russell via Getty Images
HCA lowers expectations for the year, citing ongoing labor challenges
Heightened spending on salaries and benefits is primarily related to the ongoing use of contract labor, though the system is also adjusting wages to stay competitive, CEO Sam Hazen said on a Friday call with investors.
By Hailey Mensik • April 22, 2022 -
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DOJ cracks down on 'largest and most wide-ranging' COVID-19 fraud
Defendants — including doctors, medical business executives and fake vaccination card manufacturers — caused nearly $150 million in false billings to federal programs, the DOJ alleged.
By Rebecca Pifer • April 21, 2022 -
Elizabeth Regan/Healthcare Dive
Drug price hikes moderate as rebates rise, report finds
List prices for branded medicines rose by nearly 5% last year, according to Iqvia, a figure that fell to 1% after accounting for rebates and discounts.
By Ned Pagliarulo • April 21, 2022 -
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Larger, less profitable hospitals more likely to have ownership change
In data released for the first time Wednesday, HHS also found changes in ownership over the past six years have been much more common in nursing homes than hospitals, with wide variations in ownership by state.
By Hailey Mensik • April 20, 2022 -
Mario Tama via Getty Images
Hospitals blast 'unacceptable' inpatient payment bump
Despite the 3.2% overall hike, the AHA argued that net payments to hospitals may decrease due to cuts in other areas, including uncompensated care.
By Shannon Muchmore • April 19, 2022 -
Bright Health exits 6 states amid financial, operational woes
Bright, which went public in June last year, wants to refocus on growth in markets where it can have a bigger impact. The seven-year-old startup lost almost $1.2 billion in 2021.
By Rebecca Pifer • April 18, 2022 -
Kena Betancur via Getty Images
Global digital health funding reaches 6-quarter low, at $10.4B
Even as the pandemic continues, digital health funding slowed significantly in the first quarter of 2022, according to new data from CB Insights.
By Rebecca Pifer • April 14, 2022
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