Accounting & Financial Management
Profit and revenue have increased since the company posted $1.05B in profit and $37.6B in revenue in Q2 2023.
Hospitals are focusing on rebuilding cash reserves by cutting costs and boosting revenue through service line management.
Due to the strong performance, the company is forecasting 2024 EPS guidance of $21.60 to $22.80 per share, both improvements.
The plaintiffs claim that Change failed to implement cybersecurity safeguards such as multifactor authentication.
This near-record trend is driven by inflationary pressure, prescription drug spending and behavioral health utilization, the report claims.
Operating revenue was $43.2 billion in the quarter, a decrease of $0.2 billion compared to the prior year quarter.
Marketing and branding have emerged as the foremost strategic growth priorities, with CFOs saying these areas are critical.
The company said it rebounded after a tough first quarter brought on by the Change cyberattack.
Gross margins per enrollee ranged from $753 in the Medicaid managed care market to $1,982 in the MA market.