Finances: Page 77
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Quorum's net loss shrinks to $27M as it pursues divestiture plan
The Brentwood, Tennessee-based hospital system saw $515 million in revenue in the 2017 fourth quarter — even with the same period in 2016.
By Meg Bryant • March 8, 2018 -
VisitPay, J.P. Morgan partner in new patient financing initiative
Patients are paying a greater portion of their healthcare costs, which is making providers look to third-party specialists to offer financial solutions.
By Les Masterson • March 8, 2018 -
UnitedHealth Group plans more scrutiny of ED claims
The payer will review emergency claims with the most serious conditions and reduce or deny any incorrect claims it finds.
By Les Masterson • March 8, 2018 -
Out-of-pocket healthcare costs up 11% in 2017
Highest out-of-pocket cost estimates were for orthopedics, plastic surgery, urology and neurology.
By Les Masterson • March 7, 2018 -
Credit downgrades for nonprofit hospitals rising
Moody’s Investors Service said there was more than three times the number of downgrades than upgrades last year.
By Les Masterson • March 7, 2018 -
Geisinger reports net income increase despite issues with ACA health plan
Geisinger Health Plan lost out on $11 million when the Trump administration put a halt to cost-sharing reduction payments last year.
By Les Masterson • March 5, 2018 -
Healthcare execs say EHRs don't do enough to manage value-based contracts
A Sage Growth Partners Study found that EHRs in many cases are not fulfilling promises to lower costs and improve population health management.
By Les Masterson • March 5, 2018 -
UPMC's net income hits $1.3B in 2017
Operating revenue grew to $16 billion, fueled by strong clinical demand and growth in UPMC’s insurance business.
By Meg Bryant • March 2, 2018 -
Clover Health sees losses cut, revenue climb in 2017
The Alphabet-backed startup had revenue of $267 million, an increase from $184 million in 2016.
By Meg Bryant • March 2, 2018 -
Atrium, UNC Health put merger plan on ice
The two health systems apparently disagreed over who would control the combined company, which would have run 50 hospitals with 100,000 employees.
By David Lim • March 2, 2018 -
Medicaid can be key to tackling social determinants of health
Researchers said adding optional Medicaid benefits, integrating data systems and incorporating social determinants in screening and care delivery can help reduce disparities.
By Les Masterson • March 2, 2018 -
Cleveland Clinic 2017 operating income, revenue bounce back
Outpatient volume increased 7%, due in part to growth in telehealth and Express Care visits.
By Meg Bryant • March 1, 2018 -
Teladoc revenue up 89% to $233M in 2017
CEO Jason Gorevic noted especially high telehealth use in Q4 due to the ongoing severe flu season.
By Meg Bryant • March 1, 2018 -
CVS, Aetna unscathed through congressional hearing
The AMA is asking Congress to "closely scrutinize the pending merger deal" on worries it would reduce competition among PBMs, local health insurance markets and local retail pharmacy markets.
By David Lim • Feb. 28, 2018 -
Community Health posts $2.4B net loss
The 127-hospital system system is navigating a turnaround as it attempts to shed debt.
By Jeff Byers • Feb. 27, 2018 -
Deep Dive
CVS, Aetna go to Congress to defend proposed merger
CVS is expected to argue that the merger will allow for better-integrated patient care by enabling pharmacists, equipped with both prescription and medical information, to play a bigger role between physician visits.
By David Lim • Feb. 27, 2018 -
Tenet discloses $704M net income loss for 2017, beats Q4 expectations
The 74-hospital system reported 758,875 total admissions in 2017, a 4.2% decrease over the same period in 2016.
By Jeff Byers • Feb. 26, 2018 -
Lay-health workers reduced readmission rates at rural hospital, study finds
Healthcare organizations have increasingly explored how social determinants of health affect population health.
By Les Masterson • Feb. 26, 2018 -
Moody's: Aggressive insurer growth strategies threaten nonprofit hospitals
The embrace of value-based payment models is shifting more patients to cheaper outpatient settings, the ratings agency said.
By Meg Bryant • Feb. 23, 2018 -
Lifepoint takes $27M loss in Q4
The 71-hospital system also posted lower admissions and a drop in net income.
By Jeff Byers • Feb. 23, 2018 -
Deep Dive
Trump short-term health plan may spur more ACA exits
The impact of the individual mandate repeal and higher premiums could inflate a shift out of ACA plans.
By David Lim • Feb. 23, 2018 -
Mayo Clinic reports $12B in revenue for 2017
The health system's expenses increased from about $10.5 billion in 2016 to nearly $11.3 billion in 2017.
By Les Masterson • Feb. 22, 2018 -
California workers seek job security amid Dignity-CHI merger
A protest of more than 700 employees is on hold as contract negotiations with parent company Dignity Health continue.
By Les Masterson • Feb. 21, 2018 -
Anthem to limit anesthesiologists in latest cost-saving move
Critics of the policy say it will force cataract surgery patients to pay for the service themselves or face higher risks.
By Les Masterson • Feb. 21, 2018 -
Express Scripts joins Walgreens Boots to cut biosimilar costs
The pharmacy benefit manager is expanding its agreement with the drug store giant to simplify the supply chain for specialty pharmaceuticals.
By Lisa LaMotta • Feb. 21, 2018
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