Finances
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Permission granted by Elevance Health
Elevance notches $2.3B in profit, unfazed by Change attack
The insurer says it has caught up on claims delayed due to the cyberattack on the clearinghouse earlier this year, and shared more details on a new primary care venture with a private equity firm.
By Rebecca Pifer • April 17, 2024 -
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Over 20% of healthcare bankruptcies last year were linked to private equity: report
Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.
By Susanna Vogel • April 17, 2024 -
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TrendlineHealthcare Dive's Outlook for 2022
As the country enters its third year of battling the COVID-19 pandemic, fault lines in the healthcare landscape are becoming more clear and long-term implications are becoming more evident.
By Healthcare Dive staff -
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Deep DiveSteward bankruptcy likely as massive debt remains, with few options left
Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.
By Susanna Vogel • April 16, 2024 -
Courtesy of UnitedHealth Group
Change Healthcare cyberattackUnitedHealth expects up to $1.6B hit from Change cyberattack this year
Investors on Tuesday got a clearer picture of the cyberattack's financial fallout on the healthcare juggernaut. Some said it wasn't as bad as they'd feared.
By Rebecca Pifer • April 16, 2024 -
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Medical Properties Trust selling spree continues, Utah deal closes
The deal is expected to generate approximately $1.1 billion in in cash for the liquidity-strapped hospital landlord.
By Susanna Vogel • April 15, 2024 -
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Florida issues Medicaid managed care awards booting out UnitedHealth, CVS and Molina
Meanwhile, Centene, Elevance and Humana held onto statewide contracts. The reprocurement was especially positive for Centene, which had been expected to lose market share, analysts said.
By Rebecca Pifer • April 15, 2024 -
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More than three-fourths of doctors are employed by corporations, report finds
Rampant consolidation continues to threaten the existence of independent physicians, according to a new report from Avalere and the Physicians Advocacy Institute.
By Rebecca Pifer • April 12, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Steward buy could add 3,000 doctors to Optum’s physician network, regulator says
There’s a long way to go before the highly anticipated deal can close, as parties have yet to file the paperwork required to kick off Massachusetts' antitrust review process, a regulator said yesterday.
By Susanna Vogel • April 11, 2024 -
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CMS proposes 2.6% payment increase for inpatient hospitals next year
Regulators said payments to hospitals would increase $3.2 billion in 2025 under the proposed rule. However, the American Hospital Association called the hike “woefully inadequate.”
By Rebecca Pifer • April 11, 2024 -
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Medical Properties Trust offloads 5 hospitals to Prime Healthcare
One of the nation’s largest hospital landlords will pay down its debt load with the proceeds, executives said.
By Susanna Vogel • April 11, 2024 -
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Marshfield Clinic to lay off furloughed workers
The Wisconsin-based health system furloughed about 3% of its employees earlier this year, and most are impacted by these job cuts.
By Emily Olsen • April 5, 2024 -
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Amwell in danger of being booted from NYSE
The once high-flying telehealth stock has traded below the exchange’s minimum listing requirements for 30 days, according to a new notice.
By Rebecca Pifer • April 5, 2024 -
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Deep Dive // Change Healthcare cyberattackChange cyberattack serves as wake-up call for healthcare cybersecurity
The outage shows why health systems need to plan for inevitable cyberattacks, evaluating risks and putting operational backups in place, experts say.
By Emily Olsen • April 4, 2024 -
Permission granted by Geisinger Health
Kaiser closes Geisinger acquisition, launching Risant Health
The deal closed roughly a year after it was first announced. Geisinger is the first health system to join Risant, but it’s far from the last — the hospital operator wants to acquire at least four additional nonprofits.
By Rebecca Pifer • April 3, 2024 -
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Biden administration finalizes modest cut to 2025 Medicare Advantage rates
Despite heavy lobbying, insurers failed to see MA rates improve in the final rule, which codified a 0.16% decrease to benchmark funding.
By Rebecca Pifer • April 2, 2024 -
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Walgreens posts $6B loss on waning VillageMD value; ups clinic closures
The retail pharmacy chain has closed 140 VillageMD locations to date to cut costs, blowing past its previous goal of 60 closures.
By Rebecca Pifer • March 28, 2024 -
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Change cyberattack could damage credit at small providers: Fitch
Smaller companies may already have worse credit ratings and could struggle with cash flow disruptions caused by the outage.
By Emily Olsen • March 19, 2024 -
Courtesy of Kroger
Elevance to buy Kroger’s specialty pharmacy
Major pharmacy benefit managers continue to double down on specialty as a reliable source of business amid a growing crop of pharmacy upstarts.
By Rebecca Pifer • March 19, 2024 -
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Change Healthcare cyberattackSmall, financially struggling providers at risk from Change cyberattack: Moody’s
Larger providers, however, aren’t immune from cash flow challenges, especially if UnitedHealth Group is unable to restore systems by mid-March.
By Emily Olsen • March 11, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Providence improves in 2023, but still posts $600M net loss
The nonprofit cut losses compared to 2022 as it implemented a financial recovery strategy, but expenses continued to plague the system.
By Susanna Vogel • March 8, 2024 -
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Deep DiveWhy Cigna is capping cost increases for pricey GLP-1 weight loss drugs
The move — the first of its kind — comes as pharmacy benefit managers continue to try to prove their value to clients, and shows how major players are shoring up to meet sky-high GLP-1 demand.
By Rebecca Pifer • March 8, 2024 -
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Change Healthcare cyberattack
CMS rolls out provider flexibilities amid fallout from Change cyberattack
Provider groups argued the government should go further to financially bolster providers during the outage at Change Healthcare.
By Emily Olsen • March 5, 2024 -
Permission granted by Elevance Health
Elevance gains $190M on revised MA star ratings
It’s a positive development for the insurer, which sued the government earlier this year after its quality scores fell dramatically.
By Rebecca Pifer • March 5, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Cleveland Clinic posts $911M net income in 2023 on investment, volume growth
The health system is the latest to report a financial turnaround compared to 2022, which analysts called the worst operational year on record for nonprofit hospitals.
By Susanna Vogel • March 1, 2024 -
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Molina loses Medicaid contract in Virginia
It’s the second recent Medicaid state loss for Molina, despite executives expressing confidence about the insurer’s ability to retain contracts.
By Rebecca Pifer • March 1, 2024
