Lilly to lower insulin prices by 70%
The pharma company has long been under pressure over the high cost of insulin — scrutiny that has recently ramped up in the U.S.
Walmart Health plans clinic expansion in 2024, including 2 new states
The retail giant plans to open 28 new Walmart Health centers in 2024, bringing Walmart Health’s number of total locations to more than 75.
Bright Health chases cash after overdrawing credit facility
Bright is required to maintain at least $200 million in the account, but overdrew its credit due to costs associated with discontinuing its health insurance exchange business, according to CEO Mike Mikan.
Gross margins in MA market returned to pre-pandemic levels by end of 2021, report finds
The analysis of insurer markets in 2021, the latest year of available annual data, sheds light into the varied financial performance of insurers during the COVID-19 pandemic.
Oak Street Health posts $510M loss, outlines risks to CVS acquisition
Along with regulatory oversight and concerns about physician attrition due to the transaction, the merger could disrupt Oak Street by hurting relationships with its business partners — including Humana, according to a financial filing.
Why regulators didn’t challenge Amazon-One Medical deal, despite data concerns
The ecommerce giant’s $3.9 billion buy of primary care company One Medical closed last week without a challenge from the FTC, even as consumer protection groups and regulators aired worries about the tie-up.
Hospitals start year on better financial footing after challenging 2022, Kaufman Hall says
Volumes, emergency department visits, discharges and total revenues fell for hospitals in January compared to the prior month while labor expenses rose, according to Kaufman Hall’s monthly report.
Walmart Health names new executive vice president
Brian Setzer has been at Walmart since 2021 serving as Walmart Health’s chief financial officer. He joined Walmart after seven years at Highmark Health, where he worked a variety of operating and financial management positions.
UHS net income fell in Q4, full year 2022 as labor remained pricey
COVID-19 activity declined significantly through the year, allowing the hospital operator to reduce labor vacancies and stop capping bed capacities at behavioral health hospitals, executives said.
Mayo Clinic’s income cut in half as labor costs climbed in 2022
The health system said contract labor increased 37% compared to the prior year as admissions declined year over year, due to capacity constraints and longer patient stays.