Category: Healthcare Finance News

Centene pulls in $45 million in profit in Q4

The final quarter of 2022 saw Centene pull in $45 million in profit while total revenue hit about $39.5 billion, the company revealed in its latest earnings report.
That’s an improvement over Q4 2022, in which the organization experienced a $213 millio…

Northwell Health debuts new $560 million surgical pavilion

Seventy years after North Shore University Hospital (NSUH) first opened its doors, the Level I trauma center and quaternary care teaching hospital recently announced the completion of the Petrocelli Surgical Pavilion – a $560 million, 288,000-square-fo…

Cano Health files for Chapter 11 bankruptcy

Cano Health and its affiliated entities have voluntarily filed for Chapter 11 bankruptcy.

Florida Blue, Sanitas team on primary care center in Jacksonville

Health insurer Florida Blue has teamed with Sanitas Medical Center in opening a primary care health center in Jacksonville focused on supporting the area’s Florida Blue members who are over 50, as well as Medicare members of all ages.
Sanitas and Flori…

Baby boomer ‘peak’ added to Cigna’s decision to sell MA business

Medicare Advantage is facing challenging times.

AHA urges Supreme Court to review interpretation of DSH formula

The American Hospital Association, along with five other national hospital associations, is urging the U.S.

No Surprises Act prevented 10 million surprise bills in 2023, survey finds

During the first nine months of 2023, the No Surprises Act (NSA) protected Americans from more than 10 million surprise medical bills, according to a new survey by AHIP and the Blue Cross Blue Shield Association.

HIMSSCast: Foundation of good data drives enrollment, claims payment and member satisfaction 

Digital transformation in the payer industry means moving beyond the status quo. Insurance and the ways payers interact with members, especially new members in the enrollment process, are ripe for technology upgrades, according to Gary Davis, national …

Medicare Advantage profitability on the decline, Moody’s finds

While Medicare Advantage remains attractive to the healthcare industry due to strong growth,  high revenue and earnings per member, profitability is on the decline, according to a new analysis by Moody’s Investor Service.

Tenet announces sale of seven hospitals in South Carolina and California

Tenet Healthcare Corporation announced yesterday that it has completed the sale of three of its hospitals in South Carolina to Novant Health for approximately $2.4 billion. 
It has also entered into a definitive agreement with UCI Health for the sale o…