Amwell lowers 2023 revenue outlook, racks up impairment charge in Q2
The telehealth company’s results are being impacted by churn on Amwell’s legacy platform as it migrates customers to its Converge software, CFO Robert Shepardson said.
Centura fold finalized; CommonSpirit and AdventHealth divvy up hospital portfolio
On Monday, AdventHealth and CommonSpirit announced their joint venture, Centura Health, has officially dissolved after almost three decades.
Humana reports lower-than-feared medical costs, raises MA membership growth outlook
Humana’s stock rose following the earnings, which — along comments from other payers — suggest the uptick in outpatient care flagged earlier in the quarter is moderating.
UnitedHealth unit sued by Labor Department over systematic claims denials
The government is alleging plan administrator UMR improperly denied thousands of ER and drug screening claims submitted between 2015 and 2018.
CVS announces restructuring plan after profit falls 37%
CVS also lowered its 2024 earnings outlook, citing cost pressures, and said investors should no longer rely on its 2025 target.
Hospital mergers led to diminished quality of care, Elevance study finds
The study from the Blues payer is the latest finding hospital acquisitions lead to increased readmissions and higher costs for patients.
Strengthening primary care key to fix healthcare system woes
Primary care advocates Ann Greiner and Shawn Martin argue the U.S. needs to turn around decades of underinvestment in its primary care chassis to lower costs and improve care quality.
CMS finalizes 3.1% inpatient payment bump for hospitals
Hospitals decried the rate adjustment, which is higher than the 2.8% proposed earlier this year, as out of touch with their financial reality.
Amazon’s virtual care marketplace expands nationwide
Amazon Clinic — which is now available to consumers in all 50 states — launched in November not long after the company announced plans to shutter a separate enterprise virtual care offering.
Operating margins improve, but hospitals still face high expenses: Kaufman Hall
Most hospitals underperformed in June, which the consultancy attributes to a growing gap between affluent and poor hospitals.