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Optum led UnitedHealth Group’s $5 billion earnings growth in Q1
UnitedHealth Group showed a slight year-to-year improvement in the first quarter of this year in posting a $5 billion profit, up from $4.9 billion in Q1 2021, according to the organization’s first quarter earnings report.
Eight hospitals rebranding under Trinity Health banner
Trinity Health Michigan, based in Livonia, will be rebranding eight hospitals and hundreds of care sites across the state, which will all adopt the Trinity Health name and logo.
HHS strengthening early childhood program with $16M infusion
The Department of Health and Human Services is earmarking roughly $16 million in funds to strengthen Maternal, Infant, and Early Childhood Home Visiting (MIECHV) Programs through seven awards supporting eight states, the agency announced Wednesday.
Patients increasingly suing hospitals over data breaches
Industries are increasingly being sued by consumers for data breaches, but the sector with the biggest litigation increase is healthcare, according to new findings from the law firm BakerHostetler.
In fact, healthcare comprises 23% of lawsuits due to d…
National drug spending grew almost 8% in 2021 and is still rising
Total drug spending in the U.S. grew 7.7% in 2021 compared to 2020, hitting $576.9 billion in total spend, and this trend is expected to continue, with an estimated 4 to 6% increase in national drug spending in 2022, according to a new report from the …
Hackensack Meridian Health, Englewood Health call off merger after appeals court block
Hackensack Meridian Health and Englewood Health, both based in New Jersey, have officially called off merger plans after a federal appeals court decision in March blocked the consolidation.
White House evaluating provider billing practices, medical bill collection
In a move signaling its intent to relieve medical debt burden, the Biden White House has said it would task the Department of Health and Human Services to evaluate provider billing practices, and how they factor into healthcare affordability and the ac…
UnitedHealth Group investing $100 million in affordable housing initiatives
UnitedHealth Group is investing an additional $100 million toward affordable housing initiatives with a focus on the Health and Housing Fund, a partnership with Stewards of Affordable Housing for the Future and National Affordable Housing Trust.
Nonprofit hospitals slowly recuperating from the worst effects of COVID-19
It’s been a long pandemic for the U.S. healthcare system, but just as there are signs that the pandemic may be fading, so too is the situation improving for nonprofit hospitals in particular, which are slowly recuperating from the worst effects of COVI…
Healthcare mergers and acquisitions hit new low in first quarter
Healthcare mergers and acquisitions data shows only 12 transactions recorded during the first quarter of the year, continuing a downward trend: To date, it’s the lowest number of consolidations since Kaufman Hall first started tracking these statistics…
