Corewell Health operations finish 2022 profitable after Beaumont-Spectrum mergerCorewell Health operations finish 2022 profitable after Beaumont-Spectrum mergerCorewell Health operations finish 2022 profitable after Beaumont-Spectrum merger

Corewell Health operations finish 2022 profitable after Beaumont-Spectrum merger

The Michigan-based health system recorded nearly $157.8 million in net operating income on $13.8 billion in total operating revenues across all business units.

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Health systems in 2022: 'The worst operating income' year ever?Health systems in 2022: 'The worst operating income' year ever?Health systems in 2022: 'The worst operating income' year ever?

Health systems in 2022: 'The worst operating income' year ever?

The year 2022 might have been the ‘worst operating income’ year ever for health systems, one Fitch analyst said.

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MetroHealth CFO leaves systemMetroHealth CFO leaves systemMetroHealth CFO leaves system

MetroHealth CFO leaves system

This is the latest exit from MetroHealth's leadership since the system's board of trustees fired former president and CEO Dr. Akram Boutros.

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Walgreens won't sell abortion pill by mail in 20 statesWalgreens won't sell abortion pill by mail in 20 statesWalgreens won't sell abortion pill by mail in 20 states

Walgreens won't sell abortion pill by mail in 20 states

The Food and Drug Administration for more than 20 years limited dispensing of mifepristone to a subset of specialty offices and clinics because of safety concerns. But it eased restrictions since the start of the COVID-19 pandemic by eliminating the in-person requirement for the pill.

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North Carolina poised to expand MedicaidNorth Carolina poised to expand MedicaidNorth Carolina poised to expand Medicaid

North Carolina poised to expand Medicaid

North Carolina's hospitals would pay the state's share of the cost to expand Medicaid coverage to an estimated 600,000 residents.

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FTC fines BetterHelp $7.8M, alleges it shared consumer’s health info with advertisersFTC fines BetterHelp $7.8M, alleges it shared consumer’s health info with advertisersFTC fines BetterHelp $7.8M, alleges it shared consumer’s health info with advertisers

FTC fines BetterHelp $7.8M, alleges it shared consumer’s health info with advertisers

The Federal Trade Commission alleges BetterHelp uploaded more than 7 million email addresses to Facebook between 2017 and 2018.

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Presbyterian Healthcare Services, UnityPoint Health announce mergerPresbyterian Healthcare Services, UnityPoint Health announce mergerPresbyterian Healthcare Services, UnityPoint Health announce merger

Presbyterian Healthcare Services, UnityPoint Health announce merger

The combined organization would have more than 40 hospitals, 40,000 employees and roughly $11 billion in annual revenue.

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Cleveland Clinic's losses exceed $1 billion in 2022Cleveland Clinic's losses exceed $1 billion in 2022Cleveland Clinic's losses exceed $1 billion in 2022

Cleveland Clinic's losses exceed $1 billion in 2022

Cleveland Clinic reported a $1.25 billion net loss in 2022, compared with a $2.21 billion gain the prior year. 

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Trinity Health's MercyOne and Genesis Health System complete mergerTrinity Health's MercyOne and Genesis Health System complete mergerTrinity Health's MercyOne and Genesis Health System complete merger

Trinity Health's MercyOne and Genesis Health System complete merger

MercyOne and Genesis Health System initiated the merger in September.

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State officials search for nurses with fraudulent credentialsState officials search for nurses with fraudulent credentialsState officials search for nurses with fraudulent credentials

State officials search for nurses with fraudulent credentials

New York regulators told 903 nurses to either surrender their licenses or prove they were educated. Officials in Delaware and Texas have also taken action.

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Community Health Systems to exit North Carolina Community Health Systems to exit North Carolina Community Health Systems to exit North Carolina

Community Health Systems to exit North Carolina

Community Health Systems will sell Lake Norman Regional Medical Center and Davis Regional Medical Center in North Carolina to Novant Health in a deal expected to close this year.

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AdventHealth lost $839M in 2022 after gains in 2021AdventHealth lost $839M in 2022 after gains in 2021AdventHealth lost $839M in 2022 after gains in 2021

AdventHealth lost $839M in 2022 after gains in 2021

AdventHealth's operating expenses grew 11% in 2022, squeezing the health system's finances.

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Bright Health must raise $300M to stay afloat, execs sayBright Health must raise $300M to stay afloat, execs sayBright Health must raise $300M to stay afloat, execs say

Bright Health must raise $300M to stay afloat, execs say

The insurtech Bright Health has just weeks to raise about $300 million after overdrawing a credit line, CEO Mike Mikan told investors.

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Defense attorney grills key witness in Outcome Health caseDefense attorney grills key witness in Outcome Health caseDefense attorney grills key witness in Outcome Health case

Defense attorney grills key witness in Outcome Health case

Rishi Shah's defense attorney took his shots at star witness Ashik Desai, who testified as part of a plea deal with prosecutors.

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Privia Health holds its own against digital health headwindsPrivia Health holds its own against digital health headwindsPrivia Health holds its own against digital health headwinds

Privia Health holds its own against digital health headwinds

The Arlington, Virginia-based physician enablement company posted a net income of $17.8 million in the fourth quarter, boosting its share price on Tuesday.

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Mayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacityMayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacityMayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacity

Mayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacity

Mayo Clinic's expenses increased by $1.18 billion, or 8.1%, to $15.7 billion in 2022, including a 37% jump in contract labor spending.

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Clover Health cuts losses by reducing Medicare Advantage marketingClover Health cuts losses by reducing Medicare Advantage marketingClover Health cuts losses by reducing Medicare Advantage marketing

Clover Health cuts losses by reducing Medicare Advantage marketing

Clover Health revenue increased 136.1% to $3.4 billion in 2022.

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Humana seeks up to $1.25B with bond issuesHumana seeks up to $1.25B with bond issuesHumana seeks up to $1.25B with bond issues

Humana seeks up to $1.25B with bond issues

Humana plans to use the proceeds to pay off debt, sustain operations and offset the costs of its Kindred At Home acquisition.

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Nominations close Friday for 50 Most Influential Clinical ExecutivesNominations close Friday for 50 Most Influential Clinical ExecutivesNominations close Friday for 50 Most Influential Clinical Executives

Nominations close Friday for 50 Most Influential Clinical Executives

Nominations have been extended to 11:59 PM Pacific time on Friday.

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Universal Health Services' quarterly profit drops 27% Universal Health Services' quarterly profit drops 27% Universal Health Services' quarterly profit drops 27%

Universal Health Services' quarterly profit drops 27%

The company said its behavioral healthcare facilities in particular have been unable to fill job openings and forced to limit patient volumes.

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DEA's proposed remote prescribing rule draws criticism DEA's proposed remote prescribing rule draws criticism DEA's proposed remote prescribing rule draws criticism

DEA's proposed remote prescribing rule draws criticism

Detractors say that with the proposed rule, the DEA is inviting people to acquire substances like Adderall through their own methods online. 

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California incentivizes nursing homes to add staff with bonus Medicaid paymentsCalifornia incentivizes nursing homes to add staff with bonus Medicaid paymentsCalifornia incentivizes nursing homes to add staff with bonus Medicaid payments

California incentivizes nursing homes to add staff with bonus Medicaid payments

The state will hand out additional Medicaid payments next year to nursing homes that hire additional workers, reduce staff turnover or improve quality of care. 

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Blue Cross Blue Shield of Minnesota expands rural care through tech Blue Cross Blue Shield of Minnesota expands rural care through tech Blue Cross Blue Shield of Minnesota expands rural care through tech

Blue Cross Blue Shield of Minnesota expands rural care through tech

Blue Cross Medicare Advantage members in 24 counties outside of the Twin Cities metropolitan area will have access to Homeward's tech and in-home services.

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