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

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

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

Ascension operating revenue slides in last six months of 2017

The hospital operator pegged the decrease to its divestiture of Saint Joseph Hospital and Door County Hospital, as well as sales trends from 2016.

By David Lim • Feb. 21, 2018

Anthem's cost-cutting drive riles providers

The payer said the E/M payment cut is one way to reduce costs for its members and employer clients, but critics say the change may require patients to return for another doctor visit. 

By Les Masterson • Feb. 21, 2018

Ascension, Presence Health ink deal to merge

The systems signed a non-binding letter of intent to strike a deal last August. 

By Les Masterson • Feb. 20, 2018

JAMA: Admin costs vary by type of visit

The researchers said their findings could be used to inform policies that reduce administrative costs.

By Les Masterson • Feb. 20, 2018

Tax cuts a win for most for-profit hospitals, Moody's says

HCA and Universal Health Services will get the most out of the change, while others won’t benefit as much due to interest deductibility limits.

By Les Masterson • Feb. 20, 2018

CityMD to buy urgent care Long Island competitor STAT Health

The New York City-based urgent care provider is also acquiring FirstMed Intermediate Medical Care.

By Meg Bryant • Feb. 16, 2018

Healthcare industry 'ripe for disruption,' S&P Global warns

Segments considered most vulnerable include medical and lab supplies, healthcare e-commerce and retail pharmacies.

By Meg Bryant • Feb. 16, 2018