Urban hospitals tend to cater to white patients, analysis finds
Urban hospitals tend to cater to white patients, analysis finds
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Urban hospital markets are more likely to segregate patients based on race, a new analysis shows.
Hospitals in metro markets tend to serve a whiter, wealthier patient mix, while others predominately serve patients of color and lower-income individuals, according to Lown Institute s analysis of Medicare claims spanning 2013 to 2018 across 3,200 hospitals. In the top 50 most inclusive hospitals, people of color made up 61% of patients on average, compared to 17% at the bottom 50 hospitals. Researchers ranked hospitals by comparing how well the demographics of a hospital s Medicare patients matched its surrounding communities.
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Oscar s revenue is spiking, but it s still losing money
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Oscar Health s first quarter financial results, its first since a $1.4 billion IPO in March, have the tech-focused insurance company s cheerleaders celebrating a game point scored. But skeptics point to a glaring $87.4 million loss as a reminder that Oscar has yet to turn a profit, seven years in.
The SoHo-based company on Thursday reported $369 million in revenue during the first quarter, which ran from January through the end of March, compared with $88 million in the first quarter of 2020. Its $87.4 million net loss during the quarter was down from a net loss just under $97 million in the first quarter of 2020.