Cigna to allocate $450M to its venture arm | Mayo generated $1.2B in operating income last year

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Monday, February 28, 2022 Monday, February 28, 2022 Cigna to allocate $450M to its venture arm as part of its growth strategy The company is also planning to spend $7 billion in capital on its share repurchase program this year, slightly less than its investment in 2021. Read More > Sicker patients meant higher operating income for Mayo Clinic Mayo Clinic said its patients were sicker and had to be hospitalized longer in 2021, contributing to the health system's $1.2 billion operating surplus. Read More > Biden to announce nursing home reforms in State of the Union address President Joe Biden will call for improved safety and quality at nursing homes, which have faced scrutiny during the pandemic, and will take aim at corporate owners. Read More > Study: Private equity linked to higher anesthesia costs Anesthesia is administered over 100 million times annually and carries a high profit margin, presenting an easy target for corporate investment. Read More > New York lawmakers and hospital executives have touted consolidation as a solution to cut costs and increase the quality of healthcare. Instead, this strategy has given rise to increasingly flush megasystems of hospitals concentrated in whiter, wealthier areas. For more on public policy and healthcare equity, check out the entire report from our sister publication, Crain's New York Business. The Check Up: Wright Lassiter III of Henry Ford Health System Wright Lassiter III, president and CEO of Henry Ford Health System, joins The Check Up to discuss the innovative ways the health system is dealing with labor shortages. Read More > The demise of single-payer in California trips up efforts in other states The failure of single-payer healthcare legislation in California casts doubt on the ability of other states to pass government-run, universal healthcare. But activists in New York, Washington state, and elsewhere say they are taking lessons from California and changing their tactics. Read More > SPONSORED CONTENT Connect with Us Our Mission “Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data.” Feedback or questions? Contact Us Email Editor | Customer Service | Advertise with Us   This email was sent to chunduri22.covid@blogger.com To ensure delivery of our newsletters to your inbox, please add modernhealthcare@e.crainalerts.com to your address book. Manage My Account | Unsubscribe   © 2022 Modern Healthcare 150 N. Michigan Ave. | Chicago, IL 60601 United States Privacy Policy | Terms and Conditions