Finances: Page 42
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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 -
Bruce Bennett via Getty Images
CVS profit up 10%, but warns vaccine hesitancy could dampen earnings
The diversified health behemoth beat Wall Street quarterly forecasts with revenue of $69.1 billion, raising its full-year guidance as a result.
By Rebecca Pifer • May 4, 2021 -
COVID-19 spurred growing profitability in insurance markets last year, KFF says
Still, the Kaiser Family Foundation report stressed the pandemic's long-term financial ramifications on insurers are uncertain, as a bounceback in utilization and shifting regulatory requirements could dampen future income.
By Rebecca Pifer • May 3, 2021 -
For-profit hospitals mostly managed well in Q1
Despite the rosy quarter, margins for hospitals remained narrow in March and much uncertainty remains.
May 3, 2021 -
C-suite execs want government action on rising healthcare costs, report finds
Business leaders overwhelmingly back policies to boost price transparency and antitrust enforcement to rein in the cost of coverage for employees, the Kaiser Family Foundation and Purchaser Business Group on Health poll found.
By Hailey Mensik • April 30, 2021 -
Molina membership growth propelled revenue, profit in Q1
The insurer is poised to see additional gains throughout the year as the special enrollment period for Healthcare.gov remains open and states are barred from removing Medicaid members from their rolls.
By Samantha Liss • April 29, 2021 -
Teladoc posts wider loss, but CEO brash on fending off rivals
Jason Gorevic told analysts he is unworried about mounting competition in the lucrative telehealth space, banking the company's heft will fend off entrenched rivals and new entrants like Amazon.
By Rebecca Pifer • April 29, 2021 -
Getty / Edited by Healthcare Dive
Community Health swings to $64M loss in Q1
The results contrast profits reported by chains Tenet and HCA. Still, higher patient acuity and improved payer mix helped boost CHS revenues past Wall Street expectations.
By Hailey Mensik • April 29, 2021 -
Humana snaps up remaining stake in home health giant Kindred for $5.7B
The payer also reported first quarter revenue of $20.7 billion on profit of $828 million, up a whopping 75% year over year.
By Rebecca Pifer • April 28, 2021 -
In big win for hospitals, CMS pitches nixing mandate to submit some payer-negotiated rates
The proposed rule would also add 1,000 graduate medical education slots over the next five years, with a priority given to facilities in rural areas and with underserved patient populations.
By Shannon Muchmore , Samantha Liss • April 28, 2021 -
UHS
UHS posts Q1 profit, will hand back some CARES funds
The hospital operator plans to return $188 million in grants received during the first quarter after recording more than $400 million in relief grants in 2020 that it didn't return.
By Hailey Mensik • April 27, 2021 -
Retrieved from Paul Sableman on March 12, 2021
Centene Q1 performance fueled by lower medical usage, 1.3M new members
Executives seemed optimistic about the remainder of the year, raising full-year guidance as they see momentum coming from Medicaid and Affordable Care Act marketplace growth due to the special enrollment period.
By Samantha Liss • April 27, 2021
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