Finances: Page 9
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Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS trims losses in second quarter
The health system posted a $13 million net loss, even as surgical and outpatient volumes climbed.
By Susanna Vogel • July 29, 2024 -
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Growth in ACA plans keeps Medicaid giant Centene from worst of redeterminations impact
Centene continued to deal with a mismatch between Medicaid rates and patient acuity in the second quarter, but still exceeded Wall Street’s expectations thanks to Affordable Care Act growth.
By Rebecca Pifer • July 26, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
UHS says demand for services ‘moderating’ at acute hospitals in Q2
The health system reported a net income of $289.2 million in the second quarter, but relatively flat patient volume growth sparked analyst concerns during an earnings call Thursday.
By Susanna Vogel • July 25, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet raises full-year earnings guidance again
Tenet has an emerging “beat and raise” track record on Wall Street, analysts said.
By Susanna Vogel • July 25, 2024 -
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Molina’s Medicaid growth offsets worst of redeterminations pressures in Q2
The California-based insurer also outlined how it remains acquisitive, despite recently sharing plans to purchase ConnectiCare.
By Rebecca Pifer • July 25, 2024 -
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HCA posts $17.5B in Q2 revenue and raises full-year guidance
The Nashville, Tennessee-based provider attributed the stronger-than-expected results to increased patient volumes.
By Susanna Vogel • July 23, 2024 -
Courtesy of Walgreens
S&P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail
The drugstore retailer faces debt maturities, while the upending of some strategies introduces new uncertainties, analysts said.
By Daphne Howland • July 23, 2024 -
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Digital health funding declines, but check sizes swell: CB Insights
While the number of deals reached its lowest levels since 2014, the average deal size for the first half of 2024 was 40% higher than the year prior.
By Emily Olsen • July 19, 2024 -
Permission granted by Elevance Health
Elevance hits $2.3B in profit but trims long-term guidance
Elevance beat Wall Street expectations in second-quarter results posted Wednesday, despite steep Medicaid membership losses that are affecting revenue forecasts.
By Rebecca Pifer • July 17, 2024 -
Courtesy of UnitedHealth Group
UnitedHealth’s cyberattack response costs to surpass $2.3B this year
The healthcare giant’s new estimate is roughly $1 billion higher than previous forecasts as the cyberattack on subsidiary Change Healthcare continues to hamper its profit outlook.
By Rebecca Pifer • July 16, 2024 -
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Digital health funding shows improvement in 2024: Rock Health
U.S. digital health startups have raised $5.7 billion across 266 deals so far this year, putting the sector on track to possibly exceed recent full-year funding totals.
By Emily Olsen • July 10, 2024 -
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Medicare proposes 2.6% bump to hospital outpatient pay next year
The sweeping payment rule also solidifies continuous eligibility requirements for children in Medicaid and CHIP, and holds hospitals to higher obstetric care delivery standards in a bid to improve maternal mortality.
By Rebecca Pifer • July 10, 2024 -
Alex Wong via Getty Images
CMS revised Medicare Advantage star ratings. Here’s which payers benefited.
More than 60 Medicare Advantage health plans from 40 insurers have received a higher star rating for 2024, according to a Healthcare Dive analysis.
By Rebecca Pifer • July 9, 2024 -
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FTC slams pharmacy benefit managers in first report from ongoing investigation
The report is not positive for the drug middlemen, which immediately criticized it as one-sided.
By Rebecca Pifer • July 9, 2024 -
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Cano Health exits bankruptcy as private company
The primary care chain is now focused on its Florida market, which includes 80 medical centers.
By Emily Olsen • July 2, 2024 -
Courtesy of UnitedHealth Group
UnitedHealth, Amedisys agree to sell clinics to get merger across finish line
The divestiture will only go through if UnitedHealth and Amedisys complete their merger, which was announced last summer but has been held up amid scrutiny from the Department of Justice.
By Rebecca Pifer • July 2, 2024 -
Spencer Platt / Staff via Getty Images
Amwell to implement reverse stock split to avoid delisting
The telehealth vendor’s share price has declined significantly since 2020. It received a warning this spring that its stock was trading below minimum standards, and could be removed from trading.
By Emily Olsen • June 28, 2024 -
Courtesy of UnitedHealth Group
Optum Rx reaches $20M settlement with Justice Department over opioid prescribing
The UnitedHealth pharmacy benefit manager did not have to admit guilt as part of the settlement, which amounts to a minuscule fraction of its annual revenue.
By Rebecca Pifer • June 28, 2024 -
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Walgreens to reduce stake in VillageMD, close stores
Walgreens is refocusing on pharmacy operations after failing to make inroads in healthcare services. The company will shrink its stake in VillageMD and is no longer looking to invest in medical offices, executives said.
By Rebecca Pifer • June 27, 2024 -
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Digital health funding continues to stabilize in Q1: PitchBook
Startups raised $1.1 billion across 77 deals in the first quarter — far lower than pandemic-era highs, but consistent with recent quarters.
By Emily Olsen • June 27, 2024 -
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Hospital mergers tied to increased layoffs, reduced tax revenues: report
A National Bureau of Economic Research report found layoffs followed hospital mergers, as employers struggled to absorb the costs of rising healthcare premiums.
By Susanna Vogel • June 26, 2024 -
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Lawmakers promise to stop kicking the can on Medicare solvency
The House Budget Committee met Thursday and said they’d take action to restore Medicare’s financial footing, though the hearing was light on specifics.
By Rebecca Pifer • June 14, 2024 -
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CMS recalculates Medicare Advantage star ratings in major win for insurers
The redo comes after regulators lost two court cases over the methodology used to determine 2024’s quality ratings and should result in hundreds of millions of dollars in additional bonuses to plans.
By Rebecca Pifer • June 14, 2024 -
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Tracking Steward's declineSteward secures $225M days before it was set to run out of cash
The health system found financing after its original backer Medical Properties Trust declined to provide more funds. Steward will present the deal in federal bankruptcy court later this week for final approval.
By Susanna Vogel • June 11, 2024 -
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Affordable Care Act insurers could be on the hook for $1.1B in rebates this year
Rebates this year could cross the billion-dollar mark for the fifth time in the past decade, according to an analysis from the KFF.
By Rebecca Pifer • June 7, 2024
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