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.

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

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.

from Section Page News - Modern Healthcare https://ift.tt/4SPwOT5

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.

from Section Page News - Modern Healthcare https://ift.tt/5Wah0do

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.

from Section Page News - Modern Healthcare https://ift.tt/gP8nc3Y

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.

from Section Page News - Modern Healthcare https://ift.tt/8Ya5KoS

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. 

from Section Page News - Modern Healthcare https://ift.tt/MVg8Umt

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. 

from Section Page News - Modern Healthcare https://ift.tt/ECYfs8W

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.

from Section Page News - Modern Healthcare https://ift.tt/J9M3Tsp

Why Outcome Health needed a half-billion dollarsWhy Outcome Health needed a half-billion dollarsWhy Outcome Health needed a half-billion dollars

Why Outcome Health needed a half-billion dollars

Held up as a success, the company was drowning in debt after the Accent Health acquisition and worried about missing sales targets, according to trial evidence.

from Section Page News - Modern Healthcare https://ift.tt/R0SODxI

IU Health reports $715M loss in 2022, moves forward with price reductionsIU Health reports $715M loss in 2022, moves forward with price reductionsIU Health reports $715M loss in 2022, moves forward with price reductions

IU Health reports $715M loss in 2022, moves forward with price reductions

Indianapolis-based IU Health reported a $715.11 million loss in 2022, compared with a $861.51 million gain a year earlier, citing high labor costs and the impact of its price-reduction plan.

from Section Page News - Modern Healthcare https://ift.tt/QLw9hJi