In the second quarter, late-stage investments outpaced those going into early-stage deals. Moreover, investor exits also reached a record high, according to CB Insights.
Net income, however, plummeted in the second quarter as restructuring charges dragged on the health IT giant’s margin.
In the second quarter late-stage investments outpaced those going into early-stage deals. Moreover, investor exits also reached a record high, according to CB Insights.
The company now expects to file for full approval by year’s end and has a variant-specific shot in advanced testing. But the long-term prospects for AstraZeneca’s new vaccine business are unclear.
Executives warned, however, that the delta variant is raging. “It remains clear that the pandemic is not over, and the environment could remain choppy for the balance of the year,” CEO Michael Neidorff said.
Executives on a conference call stressed per-member revenue metrics and touted new contracts, including with major Blues payer HCSC, but investors pushed shares down.
“The concern is with the resurgence of COVID that turnover rates could increase because we’ve seen turnover rates increase every time that COVID volumes increase,” CEO Marc Miller said.
Among unvaccinated workers at Geisinger’s system in Pennsylvania, an email nudge playing up social norms and virus risk caused more than twice as many employees to register for a shot compared with those who didn’t get the note.
Medical utilization bounced back faster than the payer expected, though the company was still able to post a profit for the second quarter.
Digitalization can simplify the medical bill payment process and give patients more information earlier on about their financial responsibilities, experts said.