Cleveland Clinic posts $911M net gain in 2023 on investment, volume growth
The health system is the latest to report a financial turnaround compared to 2022, which analysts called the worst operational year on record for nonprofit hospitals.
Molina loses Medicaid contract in Virginia
It’s the second recent Medicaid state loss for Molina, despite executives expressing confidence about the insurer’s ability to retain contracts.
Walgreens’ VillageMD to exit Illinois
The primary care chain will shutter its remaining clinics in the state on April 19, marking the latest closures as Walgreens cuts costs.
Three-quarters of health professionals project widespread AI adoption: survey
The survey from Berkeley Research Group comes as the federal government mulls how to best regulate artificial intelligence in healthcare.
Mayo Clinic boosted operating income by 82% in 2023
Investment returns and outpatient services revenue drove results.
Northwell Health, Nuvance Health to merge
The proposed deal would create a 28-hospital system in New York and Connecticut.
Tenet to sell two California hospitals to Adventist for $550M
The latest divestiture comes as the Dallas-based for-profit has sold other hospitals to reduce its debt load.
Elevance launches weight management program, including GLP-1 monitoring
Elevance joins a growing list of insurers expanding their weight management offerings amid soaring demand for GLP-1 drugs.
UnitedHealth under antitrust investigation by DOJ: reports
Regulators are reportedly looking into the massive healthcare conglomerate’s potential anticompetitive effects, including the relationship between its health insurer UnitedHealthcare and physician network Optum.
UHS eyes 2024 growth but ‘cautious’ amid persistent cost pressures
The Pennsylvania-based hospital operator grew revenue 7% in 2023 despite operational challenges, including high labor costs and strained payer relations.