Amwell expects revenue impact from Defense contract in Q4
The telehealth vendor has struggled with a declining stock price and mounting losses.
Cigna writes down VillageMD investment amid shrinking value
Walgreens’ decision to slash VillageMD’s clinical footprint has reverberated to the financial accounts of the primary care chain’s minority owner — Cigna.
Debt covenant violations tick up among nonprofit providers: report
Since 2022, S&P Global Ratings has tracked an increase in violations of debt agreements as macroeconomic pressures and low operating margins challenge providers.
Congress grills UnitedHealth CEO over Change cyberattack
Legislators slammed Andrew Witty over the company’s lack of cybersecurity practices and the impact of the breach, which may have compromised the data of a third of Americans.
CVS acquires Medicare Advantage broker Hella Health
The acquisition comes as the Biden administration increasingly scrutinizes MA brokers.
CVS slashes 2024 outlook — again — as Medicare seniors drive spending
Runaway inpatient spending in particular caused CVS’ insurance costs to snowball after returning “to patterns we have not seen since the start of the pandemic,” its CFO said.
Tenet raises full-year revenue guidance on $2.2B in Q1 profit
CEO Saum Sutaria says the health system is a “new company” following nine hospital sales in the first quarter.
Change Healthcare, compromised by stolen credentials, did not have MFA turned on
Failing to turn on multifactor authentication, a common cybersecurity safeguard, “underscores pure negligence on the part of UnitedHealth,” one expert said.