Finances: Page 42
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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 -
Hospital margins remain narrow in March as COVID-19 financial strain lingers
Pandemic-related costs continue to depress hospitals' finances, though performance recuperated as outpatient activity increased, Kaufman Hall found.
By Rebecca Pifer • April 27, 2021 -
Brian Tucker/Healthcare Dive
Primary care plays bigger role in vaccine rollout as burnout persists
About 42% of those administering vaccines are partnering with local health departments, while 34% are partnering with nearby health systems, according to a new survey.
By Ron Shinkman • April 26, 2021 -
Courtesy of Amwell
Health benefits platform Accolade acquires virtual primary care company for $450M
After going public last year, Accolade now has scooped up two virtual care companies in 2021.
By Hailey Mensik • April 26, 2021 -
HCA Q1 profit more than doubles to $1.4B
Execs said Thursday they expect volumes to recover throughout 2021. "We need a few more months to figure out exactly what that's going to be. But we're encouraged by March," CEO Sam Hazen said.
By Rebecca Pifer • April 22, 2021 -
Tenet posts Q1 profit, but suggests recovery won't be swift
Despite vaccine roll-outs, outpatient and admissions were still depressed. "We're a believer that some of that business either won't come back or will take a long time to come back from a low acuity standpoint," the COO said.
By Hailey Mensik • April 21, 2021 -
Anthem reports major Medicaid growth in Q1 as executives downplay concerns of pent-up care demands
The payer reported a profit for the quarter driven by performance of its pharmacy benefit management arm and its government plans. It missed Street expectations on revenue, but beat on earnings and hiked EPS guidance.
By Shannon Muchmore • April 21, 2021 -
Adeline Kon/Healthcare Dive/Healthcare Dive
What to watch as health systems and insurers report Q1 results
For both payers and providers, volumes will be an important metric. The lingering question is how quickly patients will return to in-person care.
By Samantha Liss , Shannon Muchmore • April 20, 2021 -
Health funding shatters records in Q1, hits all-time high of $31.6B
The digital health sector, which has seen unprecedented investor interest during COVID-19, also hit a new high of $9 billion, according to a CB Insights report.
By Rebecca Pifer • April 20, 2021 -
Yujin Kim/Healthcare Dive
3 takeaways from CHIME21: EHRs, Big Tech and VCs look to the future of health
The public health and financial devastation of COVID-19 can't be overlooked, but the pandemic has also created new opportunities for industry to leverage technology.
By Rebecca Pifer • April 19, 2021 -
Adeline Kon/Healthcare Dive
SPAC-powered digital health deals rising dramatically
A new Rock Health analysis notes the targets tend to raise significantly less money than the comparable IPOs, but calls the trend a "wake-up call" to larger healthcare firms looking to acquire.
By Ron Shinkman • April 15, 2021 -
UnitedHealth kicks off Q1 earnings season with 44% profit jump
Care was still muted in the first quarter even as vaccinations ramped up and states lifted restrictions, contributing to the healthcare behemoth's $4.9 billion bottom line.
By Rebecca Pifer • April 15, 2021 -
Retrieved from Official White House Photo by Adam Schultz.
Medicare sequester cut pause extended through 2021
The 2% cuts were first put on hold more than a year ago through federal coronavirus relief legislation. To pay for the extension, the new bill states the cuts will increase in 2030.
By Hailey Mensik • April 14, 2021 -
Healthcare Dive/Healthcare Dive
Intermountain buys Utah-based air ambulance company Classic
Snapping up Classic, which operates in eight western states and has a significant overlap with Intermountain's telehealth footprint, is meant to make it easier to transport high-need patients to the closest suited medical facility.
By Rebecca Pifer • April 13, 2021 -
Microsoft acquires clinical voice-to-text company Nuance for $19.7B
Microsoft has had a relationship with Nuance since 2019, but permanently marrying Nuance — and its provider and vendor relationships — greatly expands the software giant's reach in the healthcare space.
By Rebecca Pifer • April 12, 2021
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