Mass General Brigham posts nearly $1.5 million Q1 operating lossMass General Brigham posts nearly $1.5 million Q1 operating lossMass General Brigham posts nearly $1.5 million Q1 operating loss

Mass General Brigham posts nearly $1.5 million Q1 operating loss

Mass General Brigham posted a $1.43 million operating loss in the first quarter of its fiscal year 2023.

from Section Page News - Modern Healthcare https://ift.tt/H8cXx20

Oscar Health sustains heavy net loss in 2022, but executives still optimisticOscar Health sustains heavy net loss in 2022, but executives still optimisticOscar Health sustains heavy net loss in 2022, but executives still optimistic

Oscar Health sustains heavy net loss in 2022, but executives still optimistic

While Oscar saw a net loss of $610 million in 2022, an increase from a loss of $571 million, it forecasted a much more tolerable 2023.

from Section Page News - Modern Healthcare https://ift.tt/1vi2u3U

Despite tough financial times, health systems play long game by betting on new hospitalsDespite tough financial times, health systems play long game by betting on new hospitalsDespite tough financial times, health systems play long game by betting on new hospitals

Despite tough financial times, health systems play long game by betting on new hospitals

Henry Ford Health announced a $2.2 billion redevelopment in Detroit this week, but the project comes at a time when hospital financial margins have shrunk.

from Section Page News - Modern Healthcare https://ift.tt/yjn041g

Congress told HHS to create a data management system in 2006. It never did.Congress told HHS to create a data management system in 2006. It never did.Congress told HHS to create a data management system in 2006. It never did.

Congress told HHS to create a data management system in 2006. It never did.

A 2006 order to HHS from Congress to better integrate U.S. data management systems could have minimized communication failures during the COVID-19 pandemic.

from Section Page News - Modern Healthcare https://ift.tt/fQjVzFn

CVS Health deal means mayor payday for Oak Street Health CEOCVS Health deal means mayor payday for Oak Street Health CEOCVS Health deal means mayor payday for Oak Street Health CEO

CVS Health deal means mayor payday for Oak Street Health CEO

CEO and co-founder Mike Pykosz could receive more than $300 million cash in the acquisition.

from Section Page News - Modern Healthcare https://ift.tt/8uVwUN6

Medly sells assets to Walgreens for $19.3MMedly sells assets to Walgreens for $19.3MMedly sells assets to Walgreens for $19.3M

Medly sells assets to Walgreens for $19.3M

Medly filed for Chapter 11 bankruptcy protection in December 2022, listing $11.4 million in assets and $105.6 million in liabilities.

from Section Page News - Modern Healthcare https://ift.tt/HlYWUMO

Centene agrees to pay $215M settlement to California in alleged Medicaid overbillingCentene agrees to pay $215M settlement to California in alleged Medicaid overbillingCentene agrees to pay $215M settlement to California in alleged Medicaid overbilling

Centene agrees to pay $215M settlement to California in alleged Medicaid overbilling

The agreement makes California at least the 17th state to settle pharmacy billing claims totaling $939 million with the St. Louis-based insurance giant.

from Section Page News - Modern Healthcare https://ift.tt/G4UWL8I

Molina expects Medicaid enrollment to remain steady despite redeterminationsMolina expects Medicaid enrollment to remain steady despite redeterminationsMolina expects Medicaid enrollment to remain steady despite redeterminations

Molina expects Medicaid enrollment to remain steady despite redeterminations

The company's annual profits grew to $792 million and revenue increased to $31.97 billion.

from Section Page News - Modern Healthcare https://ift.tt/G1eDmHh

Tenet profits plummeted in 2022Tenet profits plummeted in 2022Tenet profits plummeted in 2022

Tenet profits plummeted in 2022

Tenet Health CEO Dr. Saum Sutaria said the company is about a year behind on its plans stemming from a $1.2 billion deal with SurgCenter Development.

from Section Page News - Modern Healthcare https://ift.tt/OJ4vYXw

Minnesota lawmakers propose opening state-run insurance program to all residentsMinnesota lawmakers propose opening state-run insurance program to all residentsMinnesota lawmakers propose opening state-run insurance program to all residents

Minnesota lawmakers propose opening state-run insurance program to all residents

The proposal would allow all residents to buy into the state-run health insurance program. Democrats have made the expansion a priority for 2023.

from Section Page News - Modern Healthcare https://ift.tt/NQWybFI