Finances: Page
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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 Parduhn • 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 Parduhn • 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 Parduhn • 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 Parduhn • 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 Parduhn • 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 Parduhn • April 12, 2021 -
Value of hospital deals soared in Q1, Kaufman Hall says
The coronavirus pandemic has contributed to recent hospital deals swelling in size and ambition, the new report found.
By Ron Shinkman • April 9, 2021 -
Urgent care centers draw some ER visits but associated with higher spending overall
The findings published in Health Affairs may suggest patients are going to the centers instead of more appropriate and lower cost settings like a primary care office or virtual visit.
By Shannon Muchmore • April 7, 2021 -
Medtechs top pharma in cash to doctors for consulting, travel: Health Affairs
The study also found payments from medical device companies increased greatly as Medicare billing increased among surgeons.
By Ricky Zipp • April 7, 2021 -
Nonprofit hospitals spent less on charity care than for-profit, government facilities: Health Affairs
The research is likely to garner attention as skeptics have questioned whether nonprofit organizations dole out enough charity care to justify the tax breaks they receive.
By Samantha Liss • April 6, 2021 -
Shifting payer mix puts 340B hospitals at risk of losing eligibility
AHA wants HHS to waive certain eligibility requirements to allow continued access to the program during the public health emergency, the group wrote in a letter to Secretary Xavier Becerra.
By Hailey Mensik • April 1, 2021 -
SOC Telemed acquires acute telehealth vendor Access Physicians for $194M
Relying on inorganic growth to drive revenue could be a bit of a gamble for SOC Telemed, which took on a considerable amount of debt to fund the purchase and is facing a flagging topline.
By Rebecca Pifer Parduhn • April 1, 2021 -
One-third of small businesses say health insurance is a top concern during COVID-19: survey
The new poll from the Small Business Majority and Families USA also found that pain is particularly acute among Black-, Asian American- and Latino-owned businesses, which tend to have fewer resources than their White counterparts.
By Rebecca Pifer Parduhn • March 31, 2021 -
The image by Original image from Carol M. Highsmith’s America, Library of Congress collection is licensed under CC BY 2.0
Medical liability insurance premiums rising after stable decade, AMA report finds
While providers grapple with the pandemic's toll on finances, some can face liability premiums of $200,000 a year, according to the analysis sponsored by the doctors' lobby.
By Hailey Mensik • March 30, 2021 -
DOJ to investigate UnitedHealth's $13B Change buy
"The parties have been working cooperatively with the DOJ and will continue to do so," Change Health said in a Friday filing with the SEC.
By Rebecca Pifer Parduhn • March 29, 2021 -
Hospital margins hit hard by pandemic, but CARES Act provided huge relief, Moody's finds
Although the fiscal situation for the sector has improved, Moody's did not provide a long-term outlook for hospitals in 2021 and beyond.
By Ron Shinkman • March 26, 2021 -
Senate passes bill extending Medicare sequester cut pause
CMS instructed Medicare administrative contractors to hold all claims on or after April 1, when the pause on cuts is scheduled to end. The House is expected to take up the Senate-passed bill when it returns the week of April 13.
By Hailey Mensik • Updated March 31, 2021 -
Alex Wong via Getty Images
Hospitals flailed amid COVID-19 crisis, are unsure of future, OIG says
Executives said they were worried about their workers experiencing trauma and concerned a shrinking recruitment pool for nurses could exacerbate staffing shortages.
By Ron Shinkman • March 25, 2021 -
Permission granted by E.A. Crunden
As Medicare sequester cut extension deadline looms, AHA urges Senate to act
Without action, the 2% payment cuts to providers are slated to go back into effect April 1. The hospital lobby expects a vote this week.
By Hailey Mensik • March 24, 2021 -
Advocate Aurora bounced back to black in 2020 after rough first 6 months
The large Midwest health system was able to post both positive operating and net income even though patient visits dropped significantly year over year.
By Samantha Liss • March 24, 2021
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