Kaiser Foundation

Acadia Healthcare Reports Second Quarter 2023 Results and Raises 2023 Guidance

Retrieved on: 
Thursday, July 27, 2023

Acadia Healthcare Company, Inc. (“Acadia”) (NASDAQ: ACHC) today announced financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Acadia Healthcare Company, Inc. (“Acadia”) (NASDAQ: ACHC) today announced financial results for the second quarter ended June 30, 2023.
  • Chris Hunter, Chief Executive Officer of Acadia, remarked, “Acadia delivered strong financial and operating results for the second quarter of 2023, as we continued to see robust demand across all business lines.
  • We continue to see stability with sequential improvement in our labor trends for the second quarter of 2023 that we expect will continue to improve into the second half of the year.
  • “Our results to date and continued momentum in our business led us to increase our financial guidance for the full year.

PayZen Announces Partnership with Iowa Hospital Association

Retrieved on: 
Tuesday, August 9, 2022

SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- PayZen, a mission-driven fintech company tackling health care affordability for patients and providers with artificial-intelligence-powered financing solutions, announced a partnership with the Iowa Hospital Association and its subsidiary, ServiShare. The partnership solidifies PayZen as the top patient financing platform for IHA's network of 117 hospitals, 17 health systems and the patients they serve.

Key Points: 
  • SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- PayZen , a mission-driven fintech company tackling health care affordability for patients and providers with artificial-intelligence-powered financing solutions, announced a partnership with the Iowa Hospital Association and its subsidiary, ServiShare.
  • The partnership solidifies PayZen as the top patient financing platform for IHA's network of 117 hospitals, 17 health systems and the patients they serve.
  • For Iowa hospitals offering PayZen, all patients who apply are automatically approved for PayZen's 0% interest, no-fee payment plans without a credit check.
  • Headquartered in Des Moines, the Iowa Hospital Association is a voluntary membership organization representing hospital and health system interests to business, government and consumer audiences.

COVID-19 was one of the costliest medical conditions in 2021, with the highest claim reaching $1.75 million, Sun Life claims data shows

Retrieved on: 
Tuesday, June 21, 2022

WELLESLEY, Mass., June 21, 2022 /PRNewswire/ -- Sun Life U.S. has released its 10th annual report on high-cost medical claims, analyzing its stop-loss claims data and medical trends from 2018 – 2021. COVID-19 rose to a top 10 costliest condition in 2021, with the highest-cost COVID-19 claim reaching $1.75 million. Other categories of medical claims, including cancer and mental health claims, showed increases as well. The report reviewed nearly 50,000 Sun Life member claims from more than 2,800 self-funded employer clients around the country, providing research and data indicative of U.S. healthcare trends. The rise in claims over the study period are the result of increases in underlying medical claims cost as well as changes to Sun Life's book of covered business.

Key Points: 
  • COVID-19 rose to a top 10 costliest condition in 2021, with the highest-cost COVID-19 claim reaching $1.75 million.
  • Other categories of medical claims, including cancer and mental health claims, showed increases as well.
  • Sun Life also provides members with health advisory and care navigation services through its Health Navigator solution, powered by PinnacleCare.
  • COVID-19 claims that were severe enough to breach stop-loss deductibles averaged $231,300, with the highest claim at $1.75 million.

Mark Farrah Associates Assesses Private-Sector Health Insurance Business for the Miami, Florida Area

Retrieved on: 
Monday, January 24, 2022

MFAs 5500 Employer Health Plus has been designed to simplify the analysis of employer health and welfare benefits including medical, dental, vision, disability and other benefits.

Key Points: 
  • MFAs 5500 Employer Health Plus has been designed to simplify the analysis of employer health and welfare benefits including medical, dental, vision, disability and other benefits.
  • Data sources include Form 5500 filings and related schedules for plans that have the indication of providing health & welfare benefits.
  • To read the FREE full text of An Analysis of Private Sector Health Insurance Business in the Miami, Florida Area ", visit the Analysis Briefs library on Mark Farrah Associates' website .
  • Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal , Medicare Business Online , Medicare Benefits Analyzer , County Health Coverage , Health Plans USA and 5500 Employer Health Plus .