Finances: Page 38
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Justin Sullivan via Getty Images
COVID-19 impact on US healthcare system will stretch for decades, Fitch says
In the long term, hospitals will face increased pressure from tight labor and wage markets, especially for experienced staff, as well as rising pharmaceutical and supply chain costs, the ratings agency warned.
By Shannon Muchmore • July 29, 2021 -
Courtesy of Amwell
Amwell snaps up 2 digital health startups in $320M longitudinal, behavioral care bid
The acquisitions won't result in an immediate boost for Amwell's topline, but could be valuable strategic positioning for the future.
By Rebecca Pifer • July 29, 2021 -
Courtesy of Humana
Humana warns of 'uncertainty' in medical usage amid rising COVID-19 cases
Medical utilization bounced back faster than the payer expected, though the company was still able to post a profit for the second quarter.
By Samantha Liss • July 28, 2021 -
Stalled membership numbers, hospital business mar Teladoc's Q2 beat
Executives on a conference call stressed per-member revenue metrics and touted new contracts, including with major Blues payer HCSC, but investors pushed shares down.
By Shannon Muchmore • July 28, 2021 -
UHS
UHS posts Q2 profit, but executives warn delta variant could stress labor challenges
"The concern is with the resurgence of COVID that turnover rates could increase because we've seen turnover rates increase every time that COVID volumes increase," CEO Marc Miller said.
By Hailey Mensik • July 27, 2021 -
'Pent up demand' spurs Centene Q2 net loss as more members seek care
Executives warned, however, that the delta variant is raging. "It remains clear that the pandemic is not over, and the environment could remain choppy for the balance of the year," CEO Michael Neidorff said.
By Samantha Liss • July 27, 2021 -
Yujin Kim/Healthcare Dive
Growing cyberattacks on hospitals may soon hit bottom lines, patient care: Fitch
"Hospital and health system databases are a treasure trove of critical and sensitive patient data, which are highly sought after by cyber criminals for ransomware and double extortion schemes," the report warns.
By Ron Shinkman • July 23, 2021 -
Getty / Edited by Healthcare Dive
Tenet rebounds in Q2, buoyed by volume recoveries
CEO Ron Rittenmeyer told investors the quarter came in "better than expected on many fronts," but asked them to "please realize we're not claiming any victory, and we're not relaxing."
By Hailey Mensik • July 22, 2021 -
Medical debt overtakes nonmedical as largest source in collections. COVID-19 may be making it worse.
The study published in JAMA also found medical debt was significantly more concentrated in states that didn't expand Medicaid under the Affordable Care Act.
By Rebecca Pifer • July 21, 2021 -
Patient volume rebound spurs HCA to $1.7B net income in Q2
The system, considered the industry bellwether for the hospital earnings season, raised its full-year expectations for earnings and revenue following the results, banking on continued demand.
By Rebecca Pifer • July 20, 2021 -
Alex Wong via Getty Images
CMS pitches stiffening price transparency fines, halting end of inpatient-only list
Hospitals notched a win with the proposal to reverse the Trump administration's rollback of the inpatient-only list, but took hits with added enforcement of the pricing rule and in other areas.
By Shannon Muchmore • July 20, 2021 -
Large self-insured employers lack power in hospital price negotiations
A study in The American Journal of Managed care found that hospital market power far outweighs employer market power, suggesting employers may want to consider forging purchase alliances with local government employee groups.
By Samantha Liss • July 16, 2021 -
Health tracking tech revenue to reach $13B this year amid sustained consumer demand
Devices like blood glucose trackers, smart thermometers and pulse oximeters are a small but growing slice of the larger consumer tech market, according to the Consumer Technology Association.
By Rebecca Pifer • July 16, 2021 -
UnitedHealth brings in $71B in revenue, biding time on Biogen Alzheimer's drug coverage call
The health giant also expects both utilization and service acuity to trend up progressively in the back half of 2021. "We haven't observed that yet, but it's probably too early to say," CFO John Rex told investors Thursday.
By Rebecca Pifer • July 15, 2021 -
iStock
CMS proposes extension of Medicare telehealth coverage
Provider groups are not happy with the payment adjustment in the rule — a 3.75% reduction to the conversion factor due to budget neutrality requirements — and will likely seek congressional intervention.
By Shannon Muchmore • July 14, 2021 -
Adeline Kon/Healthcare Dive/Healthcare Dive
Deep DiveMedtech pay to doctors plunged in 2020 as COVID-19 pummeled electives, in-person services
Zimmer Biomet had the biggest drop, cutting general payments nearly 80% to $63 million. Other notable decreases include Stryker, J&J's DePuy Synthes and Boston Scientific.
By Ricky Zipp • July 13, 2021 -
Permission granted by ZS
Women teaching internal medicine paid far less than men, study finds
Female academics were paid at least 90% of men's median yearly salary in 10 of 13 internal medicine specialties, according to new research published in JAMA Internal Medicine.
By Rebecca Pifer • July 13, 2021 -
Courtesy of Cleveland Clinic
Cleveland Clinic, New York-Presbyterian among hospitals with biggest charity care, community benefits deficit
According to Lown's 2021 Hospitals Index, nonprofit hospitals fell short in community investments by nearly $17 billion in the past year.
By Ron Shinkman • July 12, 2021 -
iStock
Telehealth use stabilizing at 38 times pre-COVID-19 levels, McKinsey says
Although usage has dropped slightly since its peak in spring 2020, patient and physician attitudes toward telehealth have improved, according to new data from the consultancy.
By Rebecca Pifer • July 12, 2021 -
Hospital M&A down from pre-pandemic highs, though deal size growing, Kaufman Hall says
Health systems in general are shifting their focus from acquisitions of small, independent hospitals to regional partnerships, according to a new report.
By Hailey Mensik • July 9, 2021 -
Digital health funding in 2021 smashes past year's record with $14.7B
The coronavirus-spurred momentum in the sector has only accelerated. The first half of 2021 included the two largest quarters of funding activity in the U.S. digital health market ever, according to a new Rock Health report.
By Rebecca Pifer • July 7, 2021 -
Stefani Reynolds/Stringer via Getty Images
Supreme Court will hear case over Trump admin's 340B drug program cuts to hospitals
The case pivots on whether CMS has the authority to make payment cuts under the outpatient prospective payment system. The justices are expected to hear arguments either later this year or early next year.
By Ron Shinkman • July 6, 2021 -
Cleveland Clinic-owned hospital system pays $21M to settle False Claims allegations
Along with an Akron General Health System whistleblower, the Cleveland Clinic Foundation voluntarily disclosed to the federal government its concerns with some compensation arrangements, the DOJ said.
By Rebecca Pifer • July 6, 2021 -
Home health giant Amedisys to acquire hospital-at-home startup Contessa Health for $250M
The buy aligns with Amedisys' strategy to focus on higher acuity in-home care, at a time when more players are looking at providing acute care outside of traditional medical settings.
By Rebecca Pifer • July 1, 2021 -
Hospitals sustain COVID-19 recovery but costs spike above pre-pandemic levels
New monthly reports from Kaufman Hall also found health system margins improving but physician pay stagnant.
By Ron Shinkman • June 29, 2021
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