Capital Finance
Venture capital funding is alive and well in the digital health sector, according to the experts. But that doesn't mean every Tom, Dick and Harriet with a telehealth proposal is going to get it.
On Wednesday, insurer and managed care company Humana Inc. reported a significant increase in earnings for the first quarter of 2013 based on lower utilization of medical services and out performance by virtually all sectors of the company's business.
A dominating theme in healthcare today is collaboration and partnership across all sectors of the industry in order to create a continuum of care. For the continuum of care to happen, partnerships must be struck between healthcare entities that haven't necessarily worked much together in the past. An early April webinar addressed how such partnerships can be successfully formed.
In a memo to its employees last week, one of Maine's largest health systems said it has suffered an operating loss of $13.4 million in the first half of its fiscal year. The health system's leadership has determined $15 million needs to be saved to breakeven by year's end.
Tenet Healthcare Corp. on Tuesday reported a net loss of $88 million or $0.85 per share in its first quarter 2013 report based largely on one-time charges and restructuring costs, but after adjustments to earnings it reported a profit of $0.33 per share, significantly beating analysts estimates of $0.28 per share.
Health systems foresee a major shift this year from inpatient admissions to treatment in outpatient settings as they overhaul care delivery models to meet healthcare reform changes, according to the Premier healthcare alliance.
Aetna posted a 12 percent earnings increase in the first quarter of 2013 and has raised its fiscal year outlook.
Nearly 18 months in the making and with more twists and turns than a Formula 1 race track, Highmark and West Penn Allegheny Health System received conditional approval from the Pennsylvania Department of Insurance to move forward with its affiliation and plans to create an integrated delivery network.
Healthcare mergers and acquisitions (M&A) plummeted in the first quarter of 2013 compared both with the previous quarter and the year-ago period, according to a report released Thursday by Irving Levin Associates. Inc., which publishes M&A data.
By a majority decision of 76%, a nine year renewal of a local property tax ensuring access to healthcare for the uninsured and underinsured was passed.