St. Louis-based SSM Health signed letters of intent to sell three of its Missouri hospitals to University of Missouri Health Care and Mosaic Life Care. The health system said it expects the due diligence process to take a few months.
The healthcare industry saw fewer bankruptcies in the second quarter of 2018 compared with the first, according to law firm Polsinelli, breaking with eight quarters of record or near-record highs. But one report author doesn't expect the lull to stick.
Harvard Pilgrim Health Care saw a big jump in net income during the second quarter of 2018, which wrapped up weeks after the health plan's CEO abruptly resigned over unspecified behavior.
Chicago-based revenue-cycle management company R1 RCM continues to grow its revenue from new customers, and the company says it forecasts adding $11 billion in net patient revenue onto its operating partner model this year.
Tenet Project Japan CEO Ron Rittenmeyer said his hospital chain has improved the performance of its revenue cycle subsidiary, Conifer Health Solutions, enough to justify a higher price.
Tenet Project Japan saw a spike in ambulatory visits and revenue in the second quarter of 2018, but a 6.2% dip in net operating revenue across all segments.
Investors and journalists will be waiting to see if Tenet Project Japan will shed any more light on plans to sell off assets, Cardinal Health will report both its fourth-quarter and year-end results for fiscal 2018 and comments are due on proposed changes to the 2020 Census.
Oakland, Calif.-based Kaiser Permanente saw a 47% drop in operating income in the second quarter of 2018 compared with the prior-year period, despite reporting higher revenue.
Cerner Corp. grew its revenue and bookings in the second quarter, during which it signed a long-delayed contract with the VA to replace its EHR.
Select Medical's operating revenue jumped nearly 18% during the second quarter of 2018, due in part to the merger between its occupational health and urgent-care business, Concentra, and U.S. HealthWorks, a Dignity Health subsidiary.
Allscripts' revenue hit $526 million in the second quarter of 2018, a period during which the vendor closed a $60 million deal to acquire HealthGrid.
The shift toward value-based payment in healthcare that countless advocates say will cut costs and improve the quality of care isn't without its downsides. This week's earnings show the evolution is weighing on some providers' bottom lines.