Effective April 2, 2025, all screeners previously provided by Sivadata Pty Ltd have been transferred to Kalkine Pty Ltd, a related entity of Sivadata Pty Ltd. You can access these screeners via the link https://kalkine.com.au/screeners.
Stock Market

UnitedHealth Group shares drop on report of secret nursing home payments

Investing | Wed, May 21 2025 10:29 PM AEST

1695367561_650d4189d32c8_1692951951_64e8658fe70f4_breaking_news_600.png
Image Source: Sivastatz

Investing.com -- UnitedHealth Group shares fell more than 6% premarket on Wednesday following a Guardian investigation that claimed the healthcare giant secretly paid nursing homes bonuses to reduce hospital transfers and helped it gain Medicare enrollees.

According to the Guardian report, the payments were part of a cost-cutting strategy embedded in UnitedHealth’s nursing home initiative, which deployed company medical teams to facilities across the country. These teams reportedly worked to limit hospitalizations.

In some cases, the Guardian reported that “the company’s insertion of itself into nursing home emergency protocols helped delay or avert transfers for patients who could have benefited from immediate hospital care.”

One man reportedly suffered permanent brain damage after a delayed transfer for a suspected stroke.

The report cites internal documents, court filings, and whistleblower complaints alleging that UnitedHealth’s financial incentives led to delayed care and inappropriate pressure on staff to reduce hospital visits.

“No one is truly investigating when a patient suffers harm,” a current UnitedHealth (NYSE:UNH) nurse practitioner told the Guardian.

The Guardian said UnitedHealth denied the allegations, calling the claim that its staff blocked hospital transfers “verifiably false.”

A former nurse practitioner, Maxwell Ollivant, told the Guardian he filed a congressional declaration urging the federal government to hold the company accountable.

This article first appeared in Investing.com

Market Updates

KKR Acquires ProTen from Aware Super

SYDNEY--(BUSINESS WIRE)--KKR, a leading global investment firm, and Aware Super, a leading Australian super fund, today announced the ...

Business Wire | Wed, Jul 02 2025 02:24 PM AEST

Read More
PRNews

Wake up to feel-good mornings with limited edition Selamat Pagi Nutella jars

Nutella brings back the joy of mornings with limited edition Selamat Pagi Nutella jars, Malaysian-inspired breakfast recipes, and exclusive partnerships ...

Cision | Wed, Jul 02 2025 12:56 PM AEST

Read More
PRNews

Acclime acquires Boutique Capital, enhancing its fund services capability in Australia

SINGAPORE and SYDNEY, July 2, 2025 /PRNewswire/ -- Acclime, a leading provider of corporate governance and advisory services with operations across Asia, ...

Cision | Wed, Jul 02 2025 12:39 PM AEST

Read More
PRNews

Record-Breaking 5,000 Job Seekers Flock as 50+ Top Firms Vie for Talent at the I&T Session of Hong Kong International Talent Career Expo 2025 Season 2

HONG KONG, July 2, 2025 /PRNewswire/ -- As Hong Kong accelerates the development of its "Eight Centers" strategy and expands ...

Cision | Wed, Jul 02 2025 12:34 PM AEST

Read More
PRNews

Cultivating Growth: Teamplete's Transformation Under Datuk Lawrence's Leadership

SINGAPORE, July 1, 2025 /PRNewswire/ -- The journey of Teamplete Sdn Bhd, from its beginnings in 1985 as an oil palm plantation ...

Cision | Wed, Jul 02 2025 12:05 PM AEST

Read More