Prospect Medical Holdings has filed a motion to close Crozer Health and all of the outpatient facilities licensed with the Pennsylvania hospital system, according to a bankruptcy update from Delaware County Pennsylvania.
Category: Healthcare Finance News
Elevance health meets expectations with $2.2B in Q1 profit
Despite elevated medical costs, Elevance Health managed to perform more or less in line with expectations in the first quarter, bringing in $2.2 billion in profit, a slight decrease from the $2.25 billion in profit reported in Q1 2024.
Revenue was up y…
Nurses decry potential HHS funding cuts
The American Nurses Association has expressed concerns over a leaked draft of the Trump administration’s proposed budget for fiscal year 2026, saying cuts to federal nursing research and workforce development would hamper the national healthcare system…
26 rural hospitals launch the Ohio High Value Network
Twenty-six rural hospitals have launched the Ohio High Value Network for a clinically integrated system covering 2.5 million patients.
The network will share clinical and business initiatives, operations and best practices. It will collaborate to contr…
Supreme Court to hear arguments on ACA requirement to cover preventive services
The Supreme Court today is hearing arguments in a case revolving around the constitutionality of the U.S. Preventive Services Task Force, which determines which preventive services must be covered by the Affordable Care Act at no cost to the patient.
Luigi Mangione indicted on charge of murder
Luigi Mangione has been indicted on a count of murder through the use of a firearm in the death of UnitedHealthcare CEO Brian Thompson.
The charge makes him eligible for the death penalty.
UnitedHealth’s stock drops 23% after ‘unusual and unacceptable’ performance
UnitedHealth Group’s profits took a big year-over-year leap, according to its newly released first-quarter earnings, but it cut its earnings guidance due to unexpectedly higher care costs in its Medicare Advantage business.
CMS denies Humana’s Medicare Advantage star ratings appeal
The Centers for Medicare and Medicaid Services has rejected an appeal from Humana to improve the latter’s Medicare Advantage star ratings, which could cost the insurer significant revenue in 2026.
On April 15, Humana and American for Beneficiary Choice…
Tariffs will impact supply chain and balance sheet stability
The volatility of President Trump’s tariff policies is making it difficult for hospital executives to pin down the effect they will have on the supply chain and budget.
CFOs are also weighing the effect tariffs will have on the economy and inflation, a…
AdventHealth to begin construction on new $43.2 million cancer institute
Construction will soon begin on the AdventHealth Cancer Institute at Winter Garden, a $43.2 million investment from AdventHealth designed as a response to the growing demand for cancer care in the West Orange and South Lake counties of Florida.
