Elevance Health’s profits in the second quarter were 24% higher than in Q2 2023, as the health insurer logged $2.3 billion in profit and $43.9 billion in revenue – the latter an improvement, but just 1% higher than the second quarter of last year.
Category: Healthcare Finance News
Healthcare CFOs shift priorities as margin pressures increase
Healthcare chief finance officers (CFOs) have moved cost reduction, consistently among the top three priorities for the past three years, to the bottom of the list of concerns.
Hospitals making progress on combating workplace violence
Hospitals and health systems are making headway when it comes to preventing infections, combating workplace violence and protecting the safety of patients, but according to a new American Hospital Association report, there’s still work to be done.
Optum biggest driver of UnitedHealth Group’s $4.2 billion Q2 profit
UnitedHealth Group rebounded from a challenging first quarter to post a $4.2 billion profit in Q2, logging revenues of $98.9 billion.
That’s quite a turnaround from Q1, during which the insurer reported a $1.4 billion loss. That was largely due to the …
Former Georgia insurance commissioner sentenced to 5 years in prison
Former Georgia Insurance Commissioner John Oxendine was sentenced to three and a half years in prison this week for conspiracy to commit healthcare fraud in connection with unnecessary lab testing, according to the U.S. Department of Justice.
U.S. Atto…
Senators debut bill to reduce healthcare cyberattacks
U.S. Senators Jacky Rosen (D-NV), Todd Young (R-IN) and Angus King (I-ME) have introduced legislation intended to reduce the relentless amount of cyberattacks targeting the healthcare industry.
The Healthcare Cybersecurity Act was conceived after a ran…
Strategy a key factor in Q2 healthcare mergers and acquisitions
Mergers and acquisitions among hospitals and health systems occurred at a slower clip in the second quarter as compared to Q1 but a trend did emerge: While there were a few “mega mergers” in the quarter – transactions in which the smaller party has ann…
Hospital CFO one of three charged with $15M fraud scheme
The former Chief Financial Officer of a Chicago hospital schemed with a colleague and the owner of a medical supply company to embezzle more than $15 million in hospital funds, according to a superseding indictment returned in U.S. District Court in Ch…
Cityblock, Alliance Health partner on behavioral health
Cityblock, a value-based healthcare provider for Medicaid and dually eligible beneficiaries, is entering into a partnership with Alliance Health, a managed care organization responsible for 137,000 Medicaid-eligible members across North Carolina.
What the Supreme Court’s Chevron ruling means for healthcare
The Supreme Court ruling on June 28 to overturn the Chevron doctrine will affect healthcare regulations concerning Medicare, Medicaid and even AI, according to experts.
On June 28, in a 6-3 vote, the Supreme Court got rid of the decades long Chevron do…
