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Optum target Atrius lost money as patients move to Medicaid


Modern Healthcare Illustration / Getty Images
Massachusetts largest physician group currently squaring away a buyout deal with Optum has tracked further into the red in its latest financial filings.
Newton, Mass.-based Atrius Health, an organization with north of 700 physicians across 30 practices, lost $17 million on operations out of $514 million in revenue in the first quarter of 2021 ended March 31. That s even steeper than its $12.1 million operating loss on $2.2 billion in revenue in all of 2020. UnitedHealth Group plans to buy Atrius through its Optum subsidiary, according to the Boston Globe.
Despite its size, Atrius is not immune to the lingering effects of the COVID-19 pandemic. The practice wrote in a note accompanying its financial statement that the crisis has lowered the number of patients with commercial insurance, decreasing its capitated member months. Atrius has also seen more of its patients switch to Medicaid, which has lowered its average capita ....

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Movers & Shakers for Jan. 11, 2021


Slowey McManus Communications of Boston hired
BRITTANY MURPHY as a senior account executive. She is an alumna of Emerson College in Boston, where she received a degree in journalism. Prior to this she was at Western Mass News as the main anchor on morning and afternoon segments. Murphy will primarily work from Central Massachusetts and provide clients with a range of public relation services. 
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Webster Five hired
IZZY CRUZ as assistant vice president, senior branch manager at its Shrewsbury branch. He earned his certificate in finance and credit from the Connecticut School of Finance and Management. Cruz holds more than 15 years of experience in the banking industry. In this role, he will oversee daily operations at the Shrewsbury branch and focus on business development and participating in community outreach.  ....

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WBJ webcast on Thursday to detail expansion of telehealth


A Worcester Business Journal webcast scheduled for Thursday will tackle the role of telehealth services in the future of medicine, featuring medical officials from around Central Mass.
Topics covered will include how telehealth helped healthcare professionals respond to care needs during the coronavirus pandemic, the way telehealth was adopted, and what the future of technologies like it might mean for healthcare delivery.
Panelists to date include:
Carolyn Langer, senior vice president and chief medical officer at Fallon Health in Worcester
Tamara Lundi, president and CEO of Community Healthlink in Worcester
Sowmya Viswanathan, chief medical officer of Saint Vincent Hospital in Worcester ....

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