Accounting & Financial Management

UnitedHealth reaffirmed its 2023 earnings guidance and set its 2024 profit outlook, largely in line with forecasts, report says.

Revenue reductions linked to Medicare Advantage denials surged by 55.7%, while those from commercial payers rose by 20.2% since 2022.

Smaller hospitals are having to make financial resource decisions between cybersecurity and investment in patient care devices such as CT scanners, says Wes Wright, chief healthcare officer of Ordr.  

AI is not yet 100% accurate, with a tradeoff between risk and productivity for financial savings.

As part of the emergence, Envision and AMSURG separated into two entities with separate leadership teams and owner groups.

The organization also logged strong operating income, which was $156 million for the third quarter, compared to a $75M operating loss last year.

The company cites clinical expertise and service capabilities across the company, boosted by "disciplined execution."

Alisa Chestler, chair of the data protection, privacy and cybersecurity team at Baker Donelson, questions whether $20 million in annual funding from a new Behavioral Health Information Technology Coordination bill is enough to move the needle.  

A number of factors contributed to the company's financial performance, including the August launch of Cordavis and its MA offerings.

Lack of transparency limits the ability of regulators to monitor prices and of employers and patients to impose market discipline on prices.