Accounting & Financial Management
Not all of the money allocated to date has been distributed, and what has may not have been fully utilized by the recipients.
The insurer's overall revenue reached $41 billion during the first quarter, driven in large part by its Evernorth health services unit.
The provider relief funds have been a lifeline for hospitals and health systems during the pandemic, AHA said.
Humana disputed the findings and raised concerns about HHS' methodology, saying it’s "inconsistent with statistical principles."
Revenues, profit and earnings per share all saw increases both month-over-month and year-over-year.
The ARP will help support hospital patient revenues by reducing the number of those who are uninsured.
Margins will remain depressed throughout the year, and the percentage of hospitals with negative margins will likely increase.
The clinic said the program helps keep costs down through better outcomes and bundled pricing while increasing access.
Fraudulent activity was on the rise in 2020, but recoveries lagged during the public health crisis. Now the bill is coming due.
Several factors are driving the increased need for wound care, including higher rates of chronic diseases and surgical procedures.