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Humana logs $679 million in Q2 profit
Health insurer Humana pulled in $679 million in profit and $29.5 billion in revenue in the second quarter, bringing profit and revenue for the first half of the year to $1.4 billion and $59.2 billion, respectively, according to its Q2 earnings results.
Hospital operating margins stabilizing at end of Q2
Hospitals and health systems ended the second quarter with margins stabilizing, but high costs continue to pressure operations heading into the second half of the year, according to Strata’s Monthly Healthcare Industry Financial Benchmarks report.
The …
KFF: Rolling back enhanced subsidies would raise premium payments
Rolling back enhanced subsidies for Affordable Care Act plans would probably lead to a significant uptick in premium payments, as these subsidies have been instrumental in fueling enrollment growth, according to a new KFF analysis.
St. Bernard opens nonprofit aging center
Chicago’s St. Bernard Hospital opened its nonprofit Center for Better Aging last week, which began providing healthcare services for older adults on the South Side.
The Center for Better Aging, according to the hospital, is dedicated to achieving equit…
Lawmakers’ bill seeks to regulate private equity in healthcare
Congresswoman Pramila Jayapal, D-WA, and Senator Edward J. Markey (D-MA) have introduced the Health Over Wealth Act, legislation that would require greater transparency for private equity firms and for-profit companies that own healthcare entities, inc…
Centene boasts $1.1 billion in profit in Q2
Centene’s second-quarter earnings report brought good financial news for the insurer as it posted $1.1 billion in profit and $39.8 billion revenue, both improvements over the $1.05 billion in profit and $37.6 billion revenue it logged in Q2 2023.
CFOs confront funding challenges in long-term capital needs
Pressure is mounting for chief financial officers to meet cash flow targets in the coming years, according to a Knowtion Health’s “Race for Cash: Pivoting Your Denials Strategy for a New Era” report.
White House to award $45.1 million for expanded mental health
In an election-year push to expand mental health and substance use services, the U.S. Department of Health and Human Services, through the Substance Abuse and Mental Health Services Administration (SAMHSA), announced grant awards totaling $45.1 million…
HHS overhauling its tech, cybersecurity and AI functions
The U.S. Department of Health and Human Services has kicked off a reorganization meant to streamline and bolster technology, cybersecurity, data and artificial intelligence strategy and policy functions.
Humana’s CenterWell opening 23 primary care clinics in Walmart collaboration
CenterWell, insurer Humana’s healthcare services business, has plans to lease clinical space and open senior-focused primary care centers at 23 Walmart Supercenter retail stores in Florida, Georgia, Missouri and Texas, the company said this week.
