Finances: Page 39
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SCOTUS will not hear hospitals' appeal against site-neutral payments
The rule barring hospitals from receiving higher reimbursements for outpatient services compared to other providers was widely challenged, but now stands with the high court's decision.
By Hailey Mensik • June 29, 2021 -
Courtesy of Humana
Interim Humana CFO made permanent
Susan Diamond was named to the interim role in March, when the Louisville, Kentucky-based insurer's then-CFO of seven years, Brian Kane, announced plans to step down to "pursue other opportunities."
By Jane Thier • June 28, 2021 -
Joe Raedle via Getty Images
S&P upgrades view on nonprofit health sector as COVID-19 cases drop
Headwinds remain, notably labor expenses as burnout among staff was heavily exacerbated by the pandemic, analysts noted.
By Shannon Muchmore • June 24, 2021 -
Getty / Edited by Healthcare Dive
LifePoint to acquire Kindred, adding long-term and rehab facilities to its footprint
The private-equity backed companies did not disclose terms, but jointly took in about $14 billion in combined revenue in 2017, the last year of publicly disclosed information about their operations.
By Ron Shinkman • June 22, 2021 -
Courtesy of Spectrum Health
In latest merger bid, Beaumont seeks union with Spectrum Health to create $13B system
It's the third large-scale attempt for a deal by Southfield, Michigan-based Beaumont since 2019.
By Rebecca Pifer • June 18, 2021 -
State employee health plans know hospitals drive most costs, but struggle to make a dent
Most states instead focus on attempting to control prescription drug costs and lower utilization, according to the Georgetown University's Center on Health Insurance Reforms' poll.
By Shannon Muchmore • June 16, 2021 -
Alex Wong via Getty Images
Providers ask HHS for more flexibility in deadlines to use COVID-19 relief funds
The American Hospital Association wrote that the previous guidance limiting new deadlines to funds received after June 2020 "disadvantages certain providers without providing a clear policy rationale."
By Shannon Muchmore • Updated June 24, 2021 -
Courtesy of Humana
Humana acquires Onehome to pursue value-based home health strategy
The deal for Miramar, Florida-based Onehome follows the insurer's recent purchase of home health giant Kindred at Home for $5.7 billion.
By Rebecca Pifer • June 14, 2021 -
Health data giants Ciox, Datavant merge in $7B deal
Real-world health data company Datavant and health record IT firm Ciox Health say combining forces will result in the largest health data ecosystem in the U.S.
By Rebecca Pifer • June 10, 2021 -
One Medical and Iora serve radically different populations. Here's why the $2.1B tie-up might make sense.
With its multibillion-dollar acquisition of value-based Iora, One Medical is betting big on capturing longitudinal care and the profitability of risk.
By Rebecca Pifer • June 9, 2021 -
'Covid hangover' to spur health costs to rise 6.5% in 2022, PwC poll predicts
However, a greater reliance on lower cost sites of care like virtual visits and retail clinics could help offset higher usage of medical services, according to the report.
By Hailey Mensik • June 9, 2021 -
Private equity group buys medical supply giant Medline for $34B in biggest LBO in decade
The mammoth leveraged buyout signals investors' appetite for megadeals may be rising after a long lull following the 2008 financial crisis.
By Rebecca Pifer • June 7, 2021 -
Courtesy of Babylon Health
London-based digital health startup Babylon to go public in $3.6B blank check deal
The deal valuing the firm at 46 times its 2020 revenue is the latest in a rush of digital health companies going public, spurred in part by COVID-19.
By Rebecca Pifer • June 3, 2021 -
Sentara, Cone Health latest nonprofit systems to nix merger plans
The deal would have created a 17-hospital, $11.5 billion system. Public comments to North Carolina's attorney general expressed fears the merger could reduce competition in the market.
By Hailey Mensik • June 2, 2021 -
Courtesy of Walgreens
Walgreens completes sale of drug wholesale business to AmerisourceBergen for $6.5B
The chain plans to use the infusion of capital to reduce debt and accelerate the growth of its core retail pharmacy and health businesses, including its hefty investment in medical group VillageMD.
By Rebecca Pifer • June 2, 2021 -
Nurse shortages spur systems to dangle steep sign-on bonuses
Tenet-owned Baptist Health system in Texas is offering up to $20,000 for new nurses and other workers. Nurses who treated COVID-19 patients are in demand, Iman Abuzeid, CEO of nurse staffing platform Incredible Health, said.
By Hailey Mensik • June 1, 2021 -
Permission granted by IQVIA
Physician compensation grew modestly during pandemic, MGMA says
While compensation for primary care physicians grew in 2020, most specialists either experienced small bumps or decreases in their income, a new survey by the Medical Group Management Association found.
By Ron Shinkman • May 28, 2021 -
Geber86 via Getty Images
Family healthcare costs decreased last year for first time in Milliman report's 16-year history
However, the trend is not expected to continue into 2021. Costs are predicted to jump nearly 9% to $28,256 next year for a family of four.
By Samantha Liss • May 28, 2021 -
Joe Raedle via Getty Images
Rising hospital ransomware attacks could endanger patients, hit bottom lines hard, Moody's says
Systems have become more vulnerable due to COVID-19 as non-clinical employees working from home led to use of "less secure networks, increasing the number of access points vulnerable to a breach," a new report said.
By Ron Shinkman • May 27, 2021 -
Investments drive Ascension to income of $957M, despite dampened patient volumes
The nonprofit, which operates a venture capital fund and an investment advisory firm, brought in $1.1 million in investments in the quarter, contributing to a significant rise in the system's liquidity.
By Rebecca Pifer • May 27, 2021 -
Mayo Clinic bounces back from pandemic, but expenses rise dramatically
The nonprofit also reported that in the first quarter most patient volumes returned to pre-coronavirus levels. Outpatient visits matched 2019 numbers, while surgical volumes exceeded those of two years ago.
By Ron Shinkman • May 24, 2021 -
April hospital margin gains contrast steep losses from start of COVID-19, not improved performance
Hospitals' operating margins, revenue and volumes continue to tick up compared to 2020 lows, but month-to-month fluctuations underscore ongoing uncertainty in the sector, consultancy Kaufman Hall found in a new report.
By Rebecca Pifer • May 24, 2021 -
Chris Hondros via Getty Images
After Haven flop, JPMorgan Chase unveils solo healthcare venture
Morgan Health, somewhat of a successor to the defunct collaboration with Amazon and Berkshire Hathaway, comes armed with $250 million to invest in innovations in employer coverage and advancements in health equity.
By Dan Ennis , Rebecca Pifer • May 21, 2021 -
Kena Betancur via Getty Images
Clover net loss balloons due to higher-than-expected medical costs
An ongoing SEC probe could pose a significant risk to the payer, which gets most of its revenue from government programs.
By Rebecca Pifer • May 18, 2021 -
Seth Cohen, co-CEO and co-founder of OODA Health (left) and Florian Otto, CEO and co-founder of Cedar (right). Permission granted by Cedar Health.
Medical billing startup Cedar to acquire Ooda Health for $425M, moving into insurance market
The deal is aimed at helping the fintech player broaden its products to focus on new features integrated with both payers and providers.
By Rebecca Pifer • May 18, 2021
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