UnitedHealth Group’s Struggles
UnitedHealth Group continues its financial cleanup by ousting executive leaders. Today, the company announced it will replace its CFO, John Rex. Wayne DeVeydt, a former managing director and operating partner at Bain Capital, will take on the role.
UnitedHealth Group’s credit outlook also was downgraded to “negative” from “stable” by Fitch Ratings. Fitch blamed recent poor Q2 financials.
Additional articles: https://www.modernhealthcare.com/insurance/mh-unitedhealth-credit-outlook-downgraded-fitch/ and https://www.healthcaredive.com/news/unitedhealth-replaces-cfo-john-rex-wayne-deveydt/756561/
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#unitedhealthcare #margins
https://www.fiercehealthcare.com/payers/unitedhealth-group-cfo-john-rex-step-down-september
Changes Forcing Hospitals To Rethink Operations
I have argued that hospitals generally are the most bloated providers out there. And their perverse pricing system promotes such inefficiency. But hospitals now are worried about administrative costs. Rising healthcare costs, including drug costs, and labor continue to increase. But Medicaid and Medicare cuts are also impacting revenue. Some admin reductions are being made in anticipation of more cuts. I am not sure how committed the hospitals really are, though.
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#hospitals #margins
https://www.modernhealthcare.com/providers/mh-expenses-finance-medicaid
2026 Rate Hikes In Medicare Continue
Inpatient rehabilitation facilities, hospice providers and inpatient psychiatric hospitals now know their 2026 expected Medicare rate hikes. Medicare payments for inpatient rehab facilities will rise 2.6%, hospice providers by 2.6%, and inpatient psychiatric hospitals by 2.5%.
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#medicare #providers #rates
— Marc S. Ryan
