profits news from FierceHealthcare
NewsTop patient care performers are most profitable hospitals
Hospitals with high performance scores in patient care are more profitable, according to a new Press Ganey report. The top 25 percent of U.S. hospitals with the highest scores on the Hospital Read more...
HCA income surges 31 percent
Nashville-based private hospital operator HCA saw profits rise 31 percent for Q4 2010, Reuters reports. For the year, HCA earned $1.2 billion in profits, up 14.5 percent from 2009, according to the Read more...
Tenet reports first-quarter profit
Tenet Healthcare has reported a meaningful first-quarter profit, driven by a one-time debt swap gain and higher revenue. This represents a substantial change from just a couple of years ago, when Read more...
WellPoint hit by 61 percent loss in Q4 2008, plans job cuts
WellPoint has been hit by a substantial loss for the fourth quarter, with net income falling by 61 percent as the plan struggles with investment losses and the impact of rising U.S. unemployment Read more...
WellPoint loses money for Q2, but still pleases investors
Giant health plan WellPoint had what most financial types would consider a tough second quarter, with earnings falling 10 percent and its overall profit predictions for 2008 falling. Still, given Read more...
ALSO NOTED: For-profits see bad debt drop during first quarter of '08; Bayer fined $16.2 million for price-fixing; and much mor
> As it turns out, for-profits actually saw bad debt expense go down during the first quarter of this year despite nasty market conditions. Read more...
Kaiser net income drops 64 percent
Oh, the dismay and rendering of garments that must be taking place in health plan boardrooms of late! Profits have taken a dramatic turn for the worse within several health plans, including Read more...
ALSO NOTED: Provider bad debt expected to rise; Three-quarters of states developing health info exchanges; and much more...
> Analysts are predicting that with health plan profits shrinking, premiums will rise, consumers will be expected to carry more of the bill, and providers' bad debt will rise. Read more...
HMA to raise $400M from hospital, stock sales
Health Management Associates plans to begin selling off some of its hospitals, as well as minority stakes in the company, to reduce its outstanding debt, the company told stock analysts this week. Read more...
Community Health expects less '08 revenue
Hospital chain Community Health Systems is expecting to make a healthy profit in 2008, but expects to take in less revenue this year than it originally had projected. The company, which just released Read more...
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