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.
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.
The hospital operator estimated the breach had a $100 million unfavorable EBITDA impact and said its systems have since been rebuilt.
SVB Leerink analysts noted that Sutter runs on Epic EHR systems, while previous deals have mostly involved health systems using Cerner. That opens the door to further Epic deals, they said.
Workers identifying as racial or ethnic minorities were 40% to 50% more likely to report having high childcare stress than White respondents, according to researchers.
Bloomberg reported the drop was the largest intraday decline in two years for Elevance, formerly known as Anthem.
Regulators are primarily targeting laboratory owners and operators who paid illegal kickbacks and bribes in exchange for patient referrals from doctors working with fraudulent telemedicine and digital medical technology companies.
The all-cash deal for San Francisco-based One Medical comes after months of speculation about a potential acquisition, but Amazon as the buyer comes as a surprise.
Health officials argue a new type of shot could help to persuade unvaccinated people, although some surveys suggest that might not be the case.
It’s Morgan Health’s third major investment in a startup looking to lower the costs of employer-sponsored healthcare in the past year.