Finances: Page 41
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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 -
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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 -
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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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HHS asks Supreme Court to keep site-neutral payments in place
Hospitals and HHS have been wrangling about the issue since the federal agency moved to cut payments to hospital-owned outpatient sites in 2019.
By Ron Shinkman • May 17, 2021 -
Despite CMS rule, few hospitals post prices in a coherent fashion, study says
Among 25 common items and procedures posted by the 100 largest hospitals, far fewer than 20% of facilities had decipherable pricing for any single item, according to the research in JAMA Network Open.
By Ron Shinkman • May 14, 2021 -
Courtesy of One Medical
One Medical losses double expectations in Q1 as chain preps for Baylor Scott & White partnership
Despite the heavy earnings miss, the Google-backed chain remains bullish on growth in 2021 and maintained its full-year guidance.
By Rebecca Pifer • May 14, 2021 -
Courtesy of Amwell
Amwell growth slows in Q1 amid investor fears of telehealth deceleration
The Boston-based telehealth vendor beat Wall Street expectations on earnings but missed on revenue, which rose 7% year over year to total $57.6 million.
By Rebecca Pifer • May 13, 2021 -
Robotic surgery outlook boosted by hospital spending pickup
The activity mirrors a boom in the broader economy that signals a recovery from the pandemic-driven recession. But the strength of demand from the hard-hit hospital sector surpassed expectations.
By Susan Kelly • May 13, 2021 -
Kaiser Permanente, Mayo team up on investment in acute care at home
The $100 million investment in Boston-based Medically Home will allow patients to be treated at home for infusions and conditions like cancer, infections and COVID-19, the nonprofit systems said.
By Shannon Muchmore • May 13, 2021 -
Piedmont Healthcare accelerates hospital buys throughout Georgia
The system has its sight set on acquiring University Health Care System in Augusta, adding another three hospitals to its roster. The news comes on the heels of its intent to acquire four HCA hospitals in the state.
By Samantha Liss • May 13, 2021 -
Almost all major US payers hiked forecasts following Q1, hinting at 2021 optimism despite COVID-19
Humana was the only major insurer not to increase its full-year earnings outlook following a strong quarterly showing in the benefits sector.
May 12, 2021 -
Adeline Kon/Healthcare Dive
Billions of dollars remain in the provider relief fund. Hospital execs are left in the lurch waiting for relief.
"My greatest frustration is just the unknown," one Illinois hospital official said. "There seems to be a vacuum of information out there about how much is there, when would you expect it, how do you apply for it."
By Samantha Liss • May 11, 2021 -
Despite $64M net loss, Oak Street forecasts continued growth in 2021
The value-based medical network expects to bring in at least $1.3 billion in revenue this year, representing 47% growth over 2020's topline.
By Rebecca Pifer • May 11, 2021 -
Justin Sullivan via Getty Images
S&P downgrades Sutter Health, says short-term performance will be weak
On Monday, Fitch Ratings also downgraded Sutter to A from A+. Fitch, though, revised the rating outlook to stable from negative.
By Ron Shinkman • Updated May 11, 2021 -
Kaiser bounces back to black with $2B Q1 profit
Uncertainty amid the pandemic last year spooked the stock market and spurred investment losses for the nonprofit. The integrated system posted a turnaround this year, though it still lags behind 2019.
By Samantha Liss • May 10, 2021 -
Cigna signals optimism for 2021 as it raises forecasts despite ongoing pandemic
The insurer bested Wall Street expectations in the first quarter with $1.2 billion in profit on $41 billion in revenue.
By Samantha Liss • May 7, 2021 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart acquires telehealth provider MeMD, upping competition in telehealth space
Bringing the telehealth vendor under Walmart's umbrella is likely to further pressure similar companies due to the increasingly competitive nature of the market, while pitting Walmart directly against Amazon in the virtual care arena.
By Rebecca Pifer • May 7, 2021 -
Permission granted by ZS
AMA: Physicians in independent practice now minority in US
Hospitals are one of the largest employers of physicians, with the proportion increasing nearly 50% between 2012 and last year, according to the new survey.
By Ron Shinkman • May 6, 2021 -
Private equity buys tend to target profitable hospitals in urban areas
The new study challenges the notion that private equity firms tend to target only financially distressed hospitals, and provides greater insight into the kinds of hospitals the companies have acquired over a span of 15 years.
By Samantha Liss • May 5, 2021 -
Getty / Edited by Healthcare Dive
HCA sells 4 hospitals in Georgia as it emphasizes focus on post-acute, home-based services
The sale reduces the company's holdings in Georgia to five hospitals, including the recently acquired Meadows Regional Hospital in Vidalia.
By Ron Shinkman • May 4, 2021
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