UHS net income halves as system predicts COVID impact will persist through 2022
The health system — which warned investors it was experiencing a significant shortfall in operational results in June — still performed better than analysts expected.
Elevance ups bet on post-acute focus
The payer, formerly known as Anthem, is leveraging its recent acquisition of myNexus to scale a new post-acute product to all of its Medicare markets, executives said last week.
Ochsner piloting program to hire Ukrainian nurses
The system will offer eight nurses employment and assist them and their families in getting acclimated to their new communities. Nurses will be committed to their roles for at least two years.
Centene to sell international assets to private hospital operator in France
The deal executes on the payer’s plan to sell off non-core assets, part of a longer-term strategy to improve profit margin.
WHO declares growing monkeypox outbreak global health emergency
The decision comes as the U.S. scrambles to slow the spread of the virus.
Teladoc names ex-Providence executive as new COO, filling vacancy
The chief operating officer role has been empty since David Sides departed Teladoc in September to become the chief executive of an ambulatory technology company.
OIG warns of telehealth fraud risks in wake of DOJ crackdown
The special alert to healthcare providers describes how fraudsters recruit and reward practitioners in schemes to exploit the growth of telemedicine.
Amazon will see you now: reading between the lines of the One Medical acquisition
The deal’s near-term ramifications are unlikely to be monumental. But what it represents should be concerning for One Medical’s primary care competitors and larger entities looking to capture a greater slice of the healthcare market.
Tenet reins in Q2 labor costs, stock jumps
The chain’s same-hospital adjusted admissions fell 5.3% year over year in the second quarter partially due to an April cybersecurity incident that impacted facilities and had a $100 million impact on adjusted EBITDA.
HCA beats Wall Street expectations in Q2 after earlier dip in guidance
The Nashville-based hospital operator beat Wall Street expectations on revenue, which rose about 3%, but net income slipped nearly 20% compared to the same time last year.