Finances: Page 45
-
Hospitals lost $20B by pausing electives last year
The findings from the Annals of Surgery come as ICUs in many areas remain strained and hospitals face staff shortages and burnout.
By Shannon Muchmore • Jan. 28, 2021 -
Anthem cuts 2021 outlook, as Q4 profits fall 40% on care resurgence
This year "presents its own unique set of business challenges," CFO John Gallina told investors. "While much has changed, it is clear we are still in the depths of a pandemic."
By Rebecca Pifer • Jan. 27, 2021 -
Physician practices take pandemic hit in tandem with hospitals, Kaufman Hall finds
Patient visits, hospital diagnostic and procedural volumes are still down compared to pre-pandemic levels, a trend that will likely continue through the first half of 2021, according to the report.
By Hailey Mensik • Jan. 26, 2021 -
Courtesy of KeyBank
KeyBank aims to launch digital bank for doctors in March
"Think about a digital company that refinances student loans for doctors and dentists that are accredited, employed, have an average salary of about $200,000 per year," CEO Chris Gorman said. "These are great clients to get."
By Anna Hrushka • Jan. 25, 2021 -
Hims & Hers goes public in $1.6B SPAC deal
The digital health startup received proceeds of almost $280 million as a result of the deal, which it plans to reinvest in driving geographic growth and new product lines.
By Rebecca Pifer • Jan. 21, 2021 -
UnitedHealth returns to normal care levels in Q4, posts $15B in profit for 2020
The health behemoth beat Wall Street forecasts for both earnings and revenue in the fourth quarter as care consumption and prescriptions returned to more typical levels despite fears of renewed deferrals as COVID-19 cases surge.
By Rebecca Pifer • Jan. 20, 2021 -
Healthcare funding shatters records in 2020, helped by COVID-19
Global equity funding hit an all-time high last year at $80.6 billion as the coronavirus pandemic and ongoing trends opened new market opportunities for savvy investors, according to a CB Insights report.
By Rebecca Pifer • Jan. 20, 2021 -
Adeline Kon/Healthcare Dive
Biden faces many healthcare challenges as he takes the helm at an unprecedented time
The former senator and vice president has been sworn in as the 46th president of the United States while the country grapples with one of the biggest health crises in its history.
Jan. 20, 2021 -
Google calls Fitbit acquisition complete despite ongoing DOJ review
The search giant closed the deal because the department's 14-month investigation period expired without any objection. However, DOJ could still sue to unwind the buy.
By Rebecca Pifer • Jan. 14, 2021 -
Retrieved from Talkspace on June 02, 2020
Talkspace to go public via SPAC in $1.4B deal
The transaction, once completed, will leave the behavioral health startup with about $250 million in cash, which it plans to use to build its user base, add partnerships and expand internationally.
By Rebecca Pifer • Jan. 14, 2021 -
Ascension divests handful of Wisconsin hospitals, clinics to nonprofit Aspirus Health
Completion of the transaction will almost double Wausau, Wisconsin-based Aspirus' footprint. Currently, the regional player has four hospitals in Michigan and six in Wisconsin, along with more than 50 clinics.
By Rebecca Pifer • Jan. 13, 2021 -
Teladoc projects 2020 revenue doubling to $1.1B
CEO Jason Gorevic expects sustainable long-term growth for the company, with 30% to 40% average annual revenue growth expected through 2023, he said Monday at the J.P. Morgan health conference.
By Rebecca Pifer • Jan. 12, 2021 -
Healthcare CFOs see fresh wave of M&A in 2021, BDO survey shows
Financial distress, a desire to expand into new service lines and efforts to close infrastructure gaps are expected to fuel deals, according to the consultants.
By Susan Kelly • Jan. 12, 2021 -
CommonSpirit inks letter of intent to sell Essentia 14 mostly rural hospitals
The giant nonprofit system is in talks with the Minnesota-based system to unload a 286-bed hospital in North Dakota and 13 other critical access facilities.
By Ron Shinkman • Jan. 11, 2021 -
Wall Street paints rosy 2021 for medtech as electives snap back
After economic challenges throughout 2020, sell-side analysts predict procedure-dependent companies like Medtronic, Abbott and Zimmer Biomet to outperform this year as procedure volumes return.
By Ricky Zipp • Jan. 11, 2021 -
Medicaid expansion could help hospitals financially recover from pandemic, Health Affairs study suggests
Hospitals in states that expanded the safety net program under the Affordable Care Act on average saw lower uncompensated care costs and higher Medicaid revenue compared with those in states that have not, researchers found.
By Hailey Mensik • Jan. 5, 2021 -
CMS should tweak wage index adjustment to help rural hospitals, OIG says
The report, issued following a federal audit, found rural hospitals had the highest concentration of low-wage providers. Of all hospitals in the bottom quartile of area wage indexes, 53% were operating in rural areas.
By Rebecca Pifer • Jan. 4, 2021 -
Hospitals lose another attempt to stave off price transparency
A judge wrote that the American Hospital Association's arguments, including that some rates are unknowable, "miss the mark." Facilities are now required to disclose negotiated rates with insurers.
By Samantha Liss • Dec. 29, 2020 -
Permission granted by The Boldt. Co.
Hospital finances bleak as 2020 nears close, Kaufman Hall says
Even as big systems like HCA and Mayo Clinic return some federal funds, across the sector inpatient admissions were the only metric to rise, passing 2019 levels for the first time since the pandemic began.
By Hailey Mensik • Dec. 23, 2020 -
Oscar quietly readies for IPO
The startup insurer, co-founded by Josh Kushner, said the price range and size has yet to be decided. It's one of a spate of health-focused companies making the move in recent months.
By Samantha Liss • Dec. 22, 2020 -
Getty / Edited by Healthcare Dive
After decades as a hospital operator, Tenet shifts its focus to surgery centers
The for-profit chain's ambulatory surgery centers far outnumber its hospital portfolio, and its ambulatory earnings will account for nearly half of the company's overall earnings next year.
By Samantha Liss • Dec. 22, 2020 -
Safety net hospitals hit particularly hard by COVID-19, will have to cut future spending
During the peak of the first surge of cases in the spring, patient discharges fell up to 36% at five facilities studied, while revenues dropped as much as 48%, according to the Robert Wood Johnson Foundation and the Urban Institute.
By Ron Shinkman • Dec. 21, 2020 -
Provider-friendly surprise billing fix, more funds for hospitals in year-end spending bill
The final fix included in the legislation is almost exactly the same as the initial proposal greenlit last week by key congressional leaders, but includes additional concessions for providers.
By Rebecca Pifer • Dec. 21, 2020 -
Hospital costs drove 2019 health spending, CMS analysis finds
Researchers warned next year's report is expected to look quite different, as the pandemic "will certainly have profound consequences on the provision and consumption of health care in 2020 and perhaps beyond."
By Hailey Mensik • Dec. 17, 2020 -
Permission granted by E.A. Crunden
HHS starts doling out $25B in third phase of CARES provider funding
The amount exceeds the original $20 billion planned for this tranche, as officials realized more would be needed to get providers close to whole from coronavirus-related losses.
By Shannon Muchmore • Dec. 16, 2020
Previous
