Finances: Page 38
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CMS finalizes plans to hike price transparency penalties, extend telehealth flexibilities
The agency is also moving forward with a plan to stop the elimination of the Medicare inpatient-only list, which is a win for hospitals.
By Shannon Muchmore • Nov. 3, 2021 -
COVID-19 medical costs drag Aetna's commercial business, but CVS still posts $1.6B in Q3 profit
Though the pandemic continues to stress CVS' payer segment, drugstores continue to benefit from COVID-19 testing and vaccinations, particularly as a greater number of employers begin to mandate the shots.
By Rebecca Pifer Parduhn • Nov. 3, 2021 -
Delta dragged down hospital margins in September, Kaufman Hall says
Patient volumes declined in almost every key category, including emergency room visits and operating room minutes, according to the consulting group.
By Samantha Liss • Nov. 2, 2021 -
For-profit hospitals had more COVID-19 admissions in Q3
While the ongoing pandemic exacerbated labor strains for operators, volumes rose across the board — especially in emergency departments.
By Hailey Mensik • Nov. 2, 2021 -
Deep Dive
Why are women more likely to use telehealth?
As Washington mulls over telehealth regulations post-COVID-19, it's important not to roll back access in a way that could disproportionately affect women, experts say.
By Rebecca Pifer Parduhn • Nov. 2, 2021 -
Cerner narrows strategic focus as Feinberg takes reins
The EHR vendor tried to do too much in the past, new CEO David Feinberg told investors. "Going forward, we're going to change that approach and only focus on a small number of important, high-value areas."
By Rebecca Pifer Parduhn • Oct. 29, 2021 -
CHS profit, revenue in Q3 mirrors prior year as patient volumes improve
Labor costs are a sticking point this earnings season. But unlike its peers, CHS' expenses actually dropped slightly during the period.
By Hailey Mensik • Oct. 28, 2021 -
Teladoc plans to take on risk in primary care, expand program to hospital clients
It's unlikely the vendor will step into fully capitated contracts right away, but its CEO said there are degrees of risk Teladoc will take on: moving from clinical measures of care, to risk corridors and ultimately into capitation.
By Rebecca Pifer Parduhn • Oct. 28, 2021 -
Delta surge weighs on Molina's Q3 earnings, but membership up 20%
Despite pandemic pressure, the insurer largely beat Wall Street expectations, and Jefferies analysts said the company delivered "solid overall results."
By Samantha Liss • Oct. 28, 2021 -
Deep Dive
A look at Teladoc's primary care strategy from its head of US group health
In an interview, Kelly Bliss teased upcoming clients for a new virtual-first primary care product and parsed out Teladoc's growth strategies for 2022 and beyond.
By Rebecca Pifer Parduhn • Oct. 27, 2021 -
UHS profit down in Q3 as behavioral health segment struggles
The chain posted higher acute care revenues that helped offset lower volumes at its behavioral health facilities during the third quarter, though labor shortages remain a key challenge.
By Hailey Mensik • Oct. 26, 2021 -
Centene looks to sell non-core assets, bounces back from Q2 loss
The insurer rebounded in the third quarter as patient utilization returned to more normal levels and revenue increased 11% year over year.
By Samantha Liss • Oct. 26, 2021 -
CARES funding to hospitals hit hard by COVID-19 was unevenly distributed, study finds
Larger academic medical centers received a significantly larger proportion of federal coronavirus relief funds than smaller and more rural hospitals, a study of more than 950 facilities concluded.
By Ron Shinkman • Oct. 22, 2021 -
HCA revenue jumped nearly 15% in Q3, but labor costs rose
The chain more than tripled its profit in the third quarter. The company turned to overtime, bonuses and "whatever it took to staff to the patient load that we had," CFO Bill Rutherford said.
By Hailey Mensik • Oct. 22, 2021 -
Oak Street Health buys specialty telemed provider for $130M
The deal comes as major U.S. clinical networks increasingly build out their suite of services to jockey for employer and payer clients in the competitive space.
By Rebecca Pifer Parduhn • Oct. 21, 2021 -
Anthem again hikes outlook for 2021 after Q3 medical costs beat expectations
Medical costs came in below projections despite the wave of COVID-19 hospitalizations and cases that were fueled by the delta variant during the quarter.
By Samantha Liss • Oct. 20, 2021 -
Hospitals still struggling to get operations, financials back on track, Kaufman Hall reports
COVID-19 continues to strain providers a year and a half into the pandemic, the poll of hospital leaders finds. Labor and supply costs are a key concern now.
By Hailey Mensik • Oct. 19, 2021 -
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Oct. 18, 2021 -
Walgreens doubles stake in provider network VillageMD with $5.2B investment
Thursday's investment hikes Walgreens' stake in VillageMD from 30% to 63% as the pharmacy operator looks to increases its presence in the red-hot primary care market.
By Rebecca Pifer Parduhn • Oct. 14, 2021 -
UnitedHealth, with profit up 29%, expects contested Change acquisition to close early 2022
The closing news is likely to anger hospital groups, which have raised concerns the deal could hurt health IT competition and give the payer an unfair advantage in contract negotiations. DOJ is investigating the deal.
By Rebecca Pifer Parduhn • Oct. 14, 2021 -
Hospitals still spending more on PPE, labor as result of COVID-19
Hospitals spent more than $3 billion on personal protective equipment since the start of the pandemic, though costs have steadily declined since peaking last year, according to a Premier analysis.
By Hailey Mensik • Oct. 13, 2021 -
Best Buy's latest health acquisition builds on plan to expand at-home care
It's the third healthcare buy for the Minneapolis-based consumer electronics giant, as the company looks to capitalize on the aging population and rising demand for lower-cost care.
By Rebecca Pifer Parduhn • Oct. 12, 2021 -
Hospital M&A in 2021 characterized by fewer but much larger deals
Hospitals are increasingly looking outside traditional care delivery methods threatened by COVID-19 to diversify business models by pursuing stakes in home health, virtual care and post-acute services.
By Shannon Muchmore • Oct. 7, 2021 -
Deep Dive
How Morgan Health hopes to finally move the needle on employer health costs: 5 insights from a chat with the venture's CEO
Morgan Health learned a lot from Haven, but is a different beast with better knowledge of the buy-in needed to disrupt the health benefits space, CEO Dan Mendelson told Healthcare Dive.
By Rebecca Pifer Parduhn • Oct. 7, 2021 -
Labor shortages will strain hospital budgets through 2022, Moody's says
The pressure on health system profitability comes as lucrative non-emergency procedures are on hold in some areas to handle incoming COVID-19 inpatients, according to the report.
By Shannon Muchmore • Oct. 6, 2021