Tag:
earnings
Latest Headlines
Latest Headlines
West Penn lost $75.7M amid Highmark acquisition
Pennsylvania's West Penn Allegheny Health System lost $75.7 million in the nine-month period ending March 31, as Highmark continues to seek acquisition of the struggling health system, West Penn announced last week.The system saw net patient service revenue fall $25.3 million from the first nine months of last fiscal year, largely due to a 7.7 percent drop in patient discharges.
Cigna's Q1 earnings decrease 10% but forecast increases
Cigna's first quarter earnings declined 10 percent, but this didn't prevent the fourth largest insurer from raising its 2012 earnings forecast. The insurer on Thursday reported that it made $371
Health Net reports surprise drop in earnings forecast
California-based insurer Health Net reported lower-than-expected earnings for the first quarter and cut earnings projections for 2012, causing its stock to tumble, reported the Los Angeles Times and
WellPoint CEO's pay dipped to $13.3M
As WellPoint's earnings fell last year, so did its CEO's total compensation, according to a proxy filing Monday with the Securities and Exchange Commission. WellPoint saw its Medicare Advantage
Blues plans earned up to $1B in 2011
Several Blue Cross Blue Shield plans have reported their 2011 earnings, with the largest reporting more than $1 billion in net income. For the second straight year, Health Care Service Corp. (HCSC),
Mayo will spend $3.5B in capital improvements
The Mayo Clinic reported a robust uptick in earnings and plans to spend billions on capital projects over the next five years, reported the St. Paul Pioneer Press. The Rochester, Minn.-based
West Penn Allegheny sees patient decline amid restructuring
Pittsburgh-based West Penn Allegheny Health System reported a loss of $26.8 million at the halfway mark in its fiscal year. That's up from a loss of $8.1 million during the first six months of 2009,
Erlanger execs receive heftier bonuses despite lower profits
Despite lower profits, executives at Erlanger Health System earned bigger bonuses in December compared with awards shelled out the previous year, reports the Chattanooga Times Free Press. In December
Hospital operators' Q4 earnings to reflect cost control
Hospital stocks managed to post a 2010 gain of 8 percent despite a sluggish economy and as lower numbers of patients as consumers delay elective procedures and have fewer babies in the downturn, the
Tax benefit boosts Tenet's 3Q earnings
Dallas-based hospital Tenet Healthcare (NYSE: THC ) reported a dramatic bounce back to profitability in the third quarter ending Sept. 30, although that was mostly attributable to tax benefits
