Finance essentials: Capital options for growing medical practices

There are several financial options available to expand your ability to provide the best patient care. It’s time to give your practice a financial wellness checkup and decide the best options for you.  

Aug. 27, 2019

Oklahoma judge orders J&J pay $572M in landmark opioid case

"We ask the judge to ensure that needed funds are directed to the hospitals and health systems that are on the forefront of caring for the victims of this epidemic," AHA said in a joint statement with the Oklahoma Hospital Association. 

By Ned Pagliarulo • Aug. 26, 2019

Mayo Clinic profits almost triple in the quarter to $500M

The Rochester, Minnesota-based health system had revenue of $3.4 billion in the second quarter of the year, up almost 10% year-over-year due to growth in several markets including Rochester, Phoenix and Jacksonville.

By Rebecca Pifer • Aug. 26, 2019

Advocate Aurora posts bump in expenses tied to early retirement incentives

The system has shifted focus to more lucrative outpatient visits in an attempt to recoup volume, a strategy that seems to be paying off with the increase in patient revenue.

By Rebecca Pifer • Aug. 23, 2019

Big health plans pledge to look beyond shareholders. Critics aren't so sure

Skeptics call the letter from the Business Roundtable a political stunt in lieu of concrete action. Kaiser Permanente chose not to sign, citing its not-for-profit status.

By Rebecca Pifer • Aug. 19, 2019

Allscripts reaches $145M settlement with DOJ over subsidiary business practices

The Chicago-based health IT vendor reported a $145 million charge to settle claims that its Practice Fusion unit falsified EHR certification and violated anti-kickback laws.

By Rebecca Pifer • Aug. 9, 2019

CVS handily beats estimates, hikes 2019 forecast

The tailwinds helping the chain in the first quarter kept blowing in the second, generating revenue of $63.4 billion largely due to the Aetna acquisition.

By Rebecca Pifer • Aug. 7, 2019

Admissions growth boosts Tenet Q2 beat

Same-hospital adjusted admissions were up 2.2%, which the hospital chain said represented its strongest volume growth since 2014-15.

By Shannon Muchmore • Updated Aug. 6, 2019

CHS posts bigger Q2 net loss, but still beats Wall Street forecasts

As part of its ongoing divestiture strategy, CHS has entered into definitive agreements to sell three additional hospitals and is continuing to look for potential buyers.

By Rebecca Pifer • Updated Aug. 6, 2019

Hospitals hit bump, but healthcare jobs showed steady growth in July

Virtually all the healthcare job growth occurred in ambulatory care. The segment accounted for 29,000 new jobs alone.

By Ron Shinkman • Aug. 5, 2019

Still not profitable, but Teladoc reports healthy Q2 membership, visit growth

The company is in late-stage contracts with several Fortune 500 companies and deal volume is expected to ramp up in the latter half of the year, CEO Jason Gorevic told investors.

By Rebecca Pifer • Aug. 1, 2019

Molina beats Q2 expectations despite drops in income, revenue

The insurer raised its guidance for the full year, suggesting it "isn't experiencing the challenges some MCOs have mentioned" in earlier reports for the second quarter, analysts at Jefferies said. 

By Shannon Muchmore • July 31, 2019

HCA falls short in Q2, unconcerned on CMS price transparency push

Executives at the major hospital chain don't expect the government's plan to reveal negotiated rates will affect financial performance moving into the second half of the year and beyond.

By Rebecca Pifer • July 30, 2019

Hospital profitability down as operators lack flexibility to cut costs, Kaufman Hall says

A drop in June marked the first decline this year. Operating margins were down 1.88%, according to a report from Kaufman Hall.

By Shannon Muchmore • July 29, 2019

Despite some headwinds, healthcare deal volume remains robust

The value of the deals was also on the rise: over 10% higher than the average of the preceding seven quarters, according to a new report from PwC.

By Ron Shinkman • July 26, 2019

Cerner misses Q2 mark on revenue, net earnings down

Bookings were also down 20% year over year, which executives at the EHR giant chalked up to higher-than-usual bookings last year due to a massive $10 billion VA contract.

By Rebecca Pifer • July 24, 2019

Tenet to spin off revenue cycle management arm Conifer

The hospital operator first said it was mulling the sale of Conifer in December 2017 as part of a cost-reduction program. The deal is expected to be completed by the second quarter of 2021.

By Shannon Muchmore • July 24, 2019

Medical practice groups saw better margins in 2018

Total profit per physician in independent practice associations rose to $2,510 per doctor last year, up from $2,396, according to AMGA Consulting's annual physician group survey.

By Ron Shinkman • July 19, 2019

UnitedHealth Q2 revenue growth fueled by Medicare, Optum

The insurance giant's revenues grew 8% year over year to $60.6 billion — a "solid start" to managed care organizations' reporting season, according to Jefferies analysts.

By Rebecca Pifer • July 18, 2019

Provider M&A revenue volume at highest levels since 2017

Health systems saw $11.3 billion in revenue from deal transactions during the period, the second highest on record, a Kaufman Hall report found. At the same time, the total number of deals fell.

By Rebecca Pifer • July 18, 2019

UnitedHealth to jumpstart Q2 results with eyes on volume, 'Medicare for All'

The healthcare giant will report its earnings Thursday, setting the stage for the rest of the season.

By Shannon Muchmore , Samantha Liss • July 16, 2019

Beaumont, Summa sign letter of intent to merge

A Beaumont spokesman said the organizations will buy out Mercy Health's minority stake in Summa, but exact terms of the deal are not being disclosed. It is expected to be finalized by the end of this year.

By Shannon Muchmore • July 10, 2019

Healthcare Dive's 10 biggest stories of the spring

From Amazon pushing into the prescription delivery sector to CVS-Aetna struggling to finalize their merger settlement agreement, read the top stories from the first half of the year.

By Rebecca Pifer • July 8, 2019

Left-leaning think tank highlights 'high price of hospital care'

Acute care hospitals had total margins of nearly 8% in 2016, the highest in more than a decade and above profits for pharmacies, payers and pharmacy benefit managers, according to the Center for American Progress.

By Shannon Muchmore • June 26, 2019

Fitch forecasts healthy cash flow for providers despite pressures

"Questions of access and affordability at the heart of the healthcare reform debate are critical to profitability of healthcare providers over the longer term," the ratings agency said in a new report.

By Shannon Muchmore • June 19, 2019