Finances: Page
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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 -
CVS to open 1.5K HealthHUB stores in next 2 years
The pharmacy chain's shares were up 3% premarket Tuesday following the news, which was released in tandem with the company's 2019 Investor Day.
By Rebecca Pifer Parduhn • June 4, 2019 -
US healthcare spending estimated to grow to $3.6T this year
Fitch Solutions anticipates a 4% growth rate, below a CMS forecast from earlier this year but still driven heavily by Medicare. Private insurance is not expected to be a primary contributor to spending growth.
By Tony Abraham • May 29, 2019 -
Physician burnout costs industry $4.6B annually
The findings, along with previous evidence that relatively cut-and-dried fixes can reduce burnout, suggest "substantial economic value" for providers to invest in lowering stress on their doctors, according to a new study.
By Rebecca Pifer Parduhn • May 28, 2019 -
Payer Q1 earnings boom as political risk looms, Moody's says
All publicly traded payer earnings in Q1 were either credit-neutral or positive, according to a new report from the investment firm. Major risks to upward-trending growth include merger integrations and single-payer reforms.
By Tony Abraham • May 24, 2019 -
Nonprofit hospitals on solid footing to handle outside disruption, S&P says
The sector has been "heavily resilient," mostly due to strong management and governance over the past 20 years, according to a new report.
By Rebecca Pifer Parduhn • May 15, 2019 -
In US-China tariff poker game, health supply chains stand to lose
Tariffs on medical equipment and supplies, plus duties on imported steel and aluminum, could result in millions of increased costs for the healthcare industry and U.S. patients.
By Barry Hochfelder • May 15, 2019 -
UPMC revenue, expenses up in Q1
The Pittsburgh-based nonprofit pulled in $257 million from investment and financing gains but continues to struggle with shrinking margins.
By Tony Abraham • May 6, 2019 -
Bruce Bennett via Getty Images
CVS exec: 'We don't discount Amazon'
Big insurers are wary of the e-commerce giant, but say they haven't closed the door on any potential collaboration.
By Rebecca Pifer Parduhn • May 3, 2019 -
People spend less, use fewer services with consumer-directed health plans, study shows
A separate survey found that four in 10 people with employer-sponsored health coverage had trouble paying medical bills, premiums or out-of-pocket costs.
By Meg Bryant • May 3, 2019 -
Humana beats Q1 expectations as MA growth continues
CEO Bruce Broussard on Wednesday became the latest payer chief to speak out against "Medicare for All" type plans and highlighted the threat they pose to the Medicare Advantage market.
By Tony Abraham • May 1, 2019
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