Mayo Clinic reports $9.5B revenue in first 9 months of 2018

The system's capital investment efforts come as many nonprofit health systems are downgrading facilities and divesting assets to offset higher operating costs and a slowdown in revenue growth.

By Meg Bryant • Nov. 20, 2018

Amazon private label healthcare offerings grow

The company is poised to expand its prescription drug footprint via expansion of PillPack, according to investment banking firm Jefferies.

By Meg Bryant • Nov. 20, 2018

Primary care physician visits drop among patients with employer plans

Office visits for all providers went up between 2012 and 2016 despite the drop for primary care physicians, pointing to a bigger role for nurse practitioners and physician assistants, according to the Health Care Cost Institute.

By Les Masterson • Nov. 19, 2018

Acute care profitability at nonprofits in decline, Fitch says

The credit rating agency has adopted new metrics that may paint a better picture of a hospital's long-term credit strength.

By Meg Bryant • Nov. 16, 2018

Fitch sees nonprofit hospitals as mixed bag in Q3 report

While not-for-profits hospitals led Q3 public finance rating activity, the pace of upgrades and downgrades appears to be leveling off.

By Meg Bryant • Nov. 15, 2018

Healthcare will outspend all other industries on R&D by 2020, PwC says

Medtronic is among 23 healthcare companies rated "high-leverage innovators" for performance on seven key financial indicators. Top 20 companies include Alphabet, Samsung, Microsoft, Apple, Roche, Novartis and Pfizer.

By Meg Bryant • Nov. 13, 2018

CMS finds Strong Start birth centers save money, improve outcomes

Rates of preteen birth, unhealthy birthweight and cesarean section were all lower among birth center participants — as were costs.

By Les Masterson • Nov. 12, 2018

Athenahealth scooped for $5.7B by Elliot, Veritas after turbulent year

Activist investor Elliott has been pushing for a buyout since it sent athenahealth an unsolicited offer in May.

By Tony Abraham • Nov. 12, 2018

Retail clinics, employer activists poised to disrupt healthcare, report finds

Roughly one-fifth of consumers visited a retail clinic in the past several years, a new PwC study shows.

By Meg Bryant • Nov. 9, 2018

Price, usage drive variations between regions' healthcare costs, report finds

Of six regions studied, Maryland had the lowest costs at 20% below the benchmark. On the other end, Colorado was 19% above the standard and Minnesota was 11% higher.

By Les Masterson • Nov. 9, 2018

Quorum operating revenues, admissions slide in Q3

The debt-laden hospital operator continues to pare down and refocus its portfolio. The company divested one hospital in Q3 and signed non-binding letters of intent with four buyers on five hospitals earlier this month.

By Tony Abraham • Nov. 8, 2018

Medicare Advantage drives Humana's Q3 revenue growth

However, the payer said MA and TRICARE gains were partially offset by Part D, Medicaid and commercial enrollment losses.

By Les Masterson • Nov. 7, 2018

Execs bullish on IT, home health, M&A for 2019

More than 70% of executives predict better performance in the next 12 months, according to a Capital One survey. About 42% forecast increased deal activity.

By Meg Bryant • Nov. 6, 2018

CVS says Aetna merger will close by Thanksgiving

The deal has received approval from 23 of the 28 necessary states, CVS CEO Larry Merlo said on an earnings call Tuesday.

By Rebecca Pifer • Nov. 6, 2018

Kaiser reports 9% Q3 revenue growth, membership boost

The integrated health system said a new accounting standard was behind a 32% year-over-year drop in net income.

By Les Masterson • Nov. 6, 2018

Healthcare startups raise $26B in 2018, eclipsing prior years

Venture capital funding through October surpassed the total raised in 2012 and 2013 combined, according to a Pitchbook analysis for Forbes.

By Meg Bryant • Nov. 5, 2018

Teladoc cuts loss to $23M in Q3, sees boost in international revenue

Strong enrollment growth helped push Teladoc revenues to $111 million during the third quarter.

By Meg Bryant • Nov. 2, 2018

Medicare Advantage audits could save $4.5 billion over a decade, CMS says

America’s Health Insurance Plans questions the audits and how they could affect health insurers and beneficiaries. 

By Les Masterson • Nov. 2, 2018

Hospital bankruptcies soar, with 20 since 2016

Healthcare industry distress has risen more than 300% since 2010, according to an analysis by the Polsinelli law firm.

By Meg Bryant • Nov. 1, 2018

Morgan Stanley hires first CMO to combat rising healthcare costs

The investment bank's new chief medical officer and head of human resources data and analytics will work to stem the tide of healthcare costs and improve employee wellness.

By Rebecca Pifer • Nov. 1, 2018

Cigna revenue boosted by commercial growth, now eyes Medicare Advantage

The CEO pointed to potential headwinds for 2019, including individual market revenues not as strong as this year.

By Les Masterson • Nov. 1, 2018

It's not just providers. Payers, too, have wide gap in prices, report finds

The priciest payer in Massachusetts costs about 13% more on average than the cheapest major payer, the National Bureau of Economic Research found. 

By Les Masterson • Oct. 31, 2018

CHS sees massive Q3 net loss amid weak volume, aftershocks of HMA settlement

Jefferies suggested the hospital chain should drive positive same-store volume growth and speed up divestitures to raise cash and pay down its lingering debt.

By Rebecca Pifer • Oct. 30, 2018

HCA net income soars 78% despite hurricanes

The Nashville, Tennessee-based hospital chain reported increased admissions and outpatient and inpatient surgeries, though same-facility ER visits dipped.

By Samantha Liss • Oct. 30, 2018

Aetna reports slight revenue bump, membership decrease ahead of acquisition

The payer said it had a 3% increase in total revenue over the previous year to $15.5 billion in the third quarter and a 19% increase in net income to $1 billion.

By Les Masterson • Oct. 30, 2018