Finances: Page 61
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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 Parduhn • 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 Parduhn • 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 Parduhn • 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 Parduhn • Aug. 7, 2019 -
Getty / Edited by Healthcare Dive
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 -
Getty / Edited by Healthcare Dive
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 Parduhn • 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 Parduhn • 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 -
Getty / Edited by Healthcare Dive
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 Parduhn • 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 Parduhn • July 24, 2019 -
Getty / Edited by Healthcare Dive
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 Parduhn • 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 Parduhn • 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 Parduhn • 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 -
Healthcare employment edges up, though tepid overall
The month of May had 42% fewer hires than in April, and almost 70% fewer than in March, according to the U.S. Bureau of Labor Statistics.
By Rebecca Pifer Parduhn • June 10, 2019 -
Nearly 90% of hospital execs feel vulnerable to 'extreme threats' like Amazon, CVS
UnitedHealth and its innovation arm Optum are other companies considered "strong or extreme threats," according to a new report from Kaufman Hall, as most health systems fail to meet consumer demands.
By Tony Abraham • June 5, 2019 -
Partners withdraws from Care New England acquisition
The decision to back out about a year after signing a definitive agreement was in response to CNE reopening talks with Providence-based Lifespan and Brown University to create a local academic medical center in Rhode Island.
By Rebecca Pifer Parduhn • June 5, 2019
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