Category: Healthcare Finance News

Senators press Treasury, IRS on nonprofit hospitals’ tax exemptions

Four U.S. senators, led by Elizabeth Warren (D-Massachusetts) and Dr. Bill Cassidy (R-Louisiana), have penned letters to the IRS and Treasury Department asking for more detail on nonprofit hospitals’ charity care and community investments, saying they’…

Optum teams with Capella University on nurse practitioner educational program

Optum has partnered with accredited online university Capella University on a new educational program designed to address the growing need for skilled, advanced practice nurses.
Optum, the health services arm of UnitedHealth Group, plans on pairing its…

Bright Health’s Q2 losses offset by strong growth in consumer care business 

Bright Health reported a net loss of $125 million for the second quarter and a      $312 million net loss for the six months ending June 30.
This compares to a $284 million net loss for the second quarter of 2022 and a $488 million net loss for the fir…

Physicians finding ways to earn secondary income

In 2022, 34% of physicians earned income from a source outside their practice, the highest percentage since statistics started being tracked in 2017, indicating a rising trend of medical professionals pursuing extracurricular moneymaking opportunities.

Kaiser Permanente continues rebound with $25.2B in Q2 revenue

After a rough financial year in 2022, Kaiser Permanente got off to a strong start to begin the year and has continued to rebound, finishing the second quarter of 2023 with $25.2 billion in operating revenues, vs. $24.4 billion in expenses. Revenues wen…

Bright Health secures $60 million in credit capacity

Bright Health Group has secured $60 million in credit capacity, with the financing expected to support the working capital needs of the company until the closing of its California Medicare Advantage business to Molina Healthcare.

Navigating the ‘unpredictable construction contract landmines’ 

Chris Dunn, who is with Epstein Becker Green’s Healthcare Construction Group in Nashville, counsels healthcare owners and developers on all aspects of construction projects. He recently led a conference to discuss how executives can navigate the comple…

HCSC vies to improve maternal health with new program

Health Care Service Corporation is launching a new program tasked with improving maternal and infant healthcare by partnering with community organizations.

Cyberattack disrupts hospitals across several states

A cyberattack targeted facilities operated across several states by Prospect Medical Holdings, disrupting computer systems and forcing some emergency rooms to shut down and ambulances to be diverted.

Dr. Patrick Conway is new CEO of Optum Rx

Dr. Patrick Conway is the new chief executive officer of Optum Rx.
Conway joined Optum in February 2020 and previously served as the CEO of Care Solutions, according to UnitedHealth Group, parent company of Optum Rx.
UnitedHealth Group made no official…