Finances: Page 47
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COVID-19 may be speeding up hospital M&A, analysis finds
A report from Kaufman Hall finds deal activity up significantly in the third quarter. It comes as talks over federal relief funds for providers collapsed.
By Shannon Muchmore • Oct. 7, 2020 -
MA startup Clover Health goes public in blank check deal valuing it at $3.7B
The transaction expected to close in early 2021 is the latest in a string of IPOs and deals for digital-focused healthcare companies.
By Rebecca Pifer • Oct. 6, 2020 -
Brian Tucker/Healthcare Dive
Citing COVID-19, providers push back on CMS payment rule rate cuts, telehealth rollback in 2021
The AMA and AHA are among those lobbying hard against any payment reduction amid the pandemic. Stakeholders also spoke out against rolling back coverage of audio-only virtual visits and nixing the inpatient-only list.
By Hailey Mensik • Oct. 6, 2020 -
COVID-19 drags CommonSpirit into red for first full fiscal year
Although the pandemic didn't begin in earnest until 10 months into the nonprofit's fiscal year, CommonSpirit saw declining admissions and investments along with increased charity care expenses.
By Ron Shinkman • Oct. 5, 2020 -
HHS widens range of providers eligible for COVID-19 relief in $20B third round
Providers who began practicing in January through March will now be eligible, and those who already received or rejected aid can apply again.
By Hailey Mensik • Oct. 1, 2020 -
Telehealth vendor Hims & Hers goes public in blank check deal
It's the latest in a string of big deals in the virtual care industry as Wall Street continues to warm to digital health amid COVID-19. The merger values the three-year-old company at about $1.6 billion.
By Rebecca Pifer • Oct. 1, 2020 -
Providers win Medicare loan extension, DSH relief but lose other asks in stop-gap spending law
The law signed by the president Thursday is likely the only direct aid providers can expect before the November presidential election, after Congress deadlocked on further COVID-19 legislation.
By Rebecca Pifer • Oct. 1, 2020 -
Provider finance execs bracing for unfavorable shift in payer mix, survey finds
About 70% of CFOs and revenue cycle leaders are readying for a drop in commercially insured patients — a highly prized cohort for providers and health systems.
By Samantha Liss • Sept. 30, 2020 -
Digital health poised for record Q3, with fast growth in mental, women's health investment
As COVID-19 continues to spur interest, funding in the sector could bypass $8 billion by the third quarter's close this week. That would be up from $5.8 billion in the second, according to experts at CB Insights' conference.
By Rebecca Pifer • Sept. 29, 2020 -
Alex Wong via Getty Images
HHS says nearly $106B in CARES aid has been distributed to providers
Health systems are concerned, however, that new reporting guidelines issued by HHS could stanch the flow of money in the near future.
By Ron Shinkman • Sept. 28, 2020 -
Hospital COVID-19 recovery stalled in August, Kaufman Hall says
The snapshot of provider finances found emergency departments faced particularly drastic declines.
By Shannon Muchmore • Sept. 25, 2020 -
Kendall Davis/Healthcare Dive
Most of healthcare industry in V-shaped recovery from COVID-19, S&P says
Some sub-sectors have actually experienced a net gain during the pandemic — diagnostics, lab testing and life sciences among them. The ratings agency predicts a full recovery for those areas by the end of the year.
By Ron Shinkman • Sept. 21, 2020 -
Hospitals charge privately insured patients 250% more than those on Medicare. The gap is growing.
A RAND study of charge data from more than 3,000 hospitals points the finger at growing provider consolidation as a key culprit, but the AHA slammed the report as "based on a cherry-picked and limited dataset."
By Ron Shinkman • Sept. 18, 2020 -
Yujin Kim/Healthcare Dive
Ascension posts $1B net loss for 2020
By the final month of its fiscal year, the giant nonprofit was staring to recapture a larger share of its patients — and outpacing pre-pandemic levels in one instance.
By Samantha Liss • Sept. 18, 2020 -
'We feel bullish': Payers look ahead to 2021
Top execs at the biggest commercial insurers outlined shifting strategic priorities and growth opportunities in light of the COVID-19 recession at Morgan Stanley's annual healthcare conference last week.
By Rebecca Pifer • Sept. 17, 2020 -
Google-backed Amwell prices upsize IPO above range at $18
Before its NYSE debut on Thursday, Amwell increased the price and number of shares, locking in the Boston-based telehealth vendor's valuation at nearly $4.1 billion.
By Rebecca Pifer • Sept. 17, 2020 -
Medical services costs for telehealth could swell to $106B by 2023, vendor predicts
Doximity's report estimates about 20% of all medical visits will be conducted virtually this year, and found particular interest in virtual care from the chronically ill population.
By Rebecca Pifer • Sept. 17, 2020 -
OIG says $2.6B paid out under MA risk adjustment with scant encounter data
The watchdog's analysis also found health risk assessments were taking place at a patient's home, and were often conducted by providers contracted by the health plan instead of their actual physician.
By Ron Shinkman • Sept. 11, 2020 -
Employers struggling to calculate 2021 medical cost trends due to COVID-19: Credit Suisse
A survey run by the financial services firm found 60% of employers are trying to adjust 2020 claims data to normalize for the pandemic's effects while calculating expected medical cost trend next year.
By Rebecca Pifer • Sept. 11, 2020 -
West Virginia hospital to pay $50M to settle False Claims Act violations
DOJ alleges Wheeling Hospital paid physicians well above market value for referring patients to the facility — in some cases over $1 million a year — from 2007 to 2020, defrauding Medicare of tens of millions of dollars.
By Rebecca Pifer • Sept. 10, 2020 -
shapecharge via Getty Images
Sponsored by ZS5 ways to set up health plan sales teams for success
Equip your sales organization to deal with the current near-term uncertainties and be best positioned for success in the long term.
By Jeff Traenkner • Sept. 10, 2020 -
Hospitals urge HHS to step in on 340B fight with drug manufacturers
On Friday, more than 1,100 hospitals sent another letter to HHS urging it to take action against drug manufacturers limiting drug distribution to 340B facilities.
By Shannon Muchmore • Updated Sept. 11, 2020 -
The White House/Healthcare Dive, data from WhiteHouse.gov
Federal COVID-19 cash saved most hospitals from bleakest forecasts: MedPAC
But any new congressional relief is stalled in Congress, and an HCA official warned cost-cutting initiatives that helped operators aren't sustainable.
By Rebecca Pifer • Sept. 4, 2020 -
Here's how nonprofit hospitals weathered the first half of 2020
"In the absence of stimulus relief and rebounding elective procedural volumes, the sector would have taken a considerable shock to all key financial metrics," Fitch Ratings said.
Sept. 3, 2020 -
Northwell says COVID-19 has inflicted $1.2B hit to date
The New York-area nonprofit hospital system posted a year-over-year deficit of $250 million for the first half of 2020, as operating expenses rose 9.5%.
By Ron Shinkman • Aug. 31, 2020
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