Mass General Brigham posts nearly $1.5 million Q1 operating lossMass General Brigham posts nearly $1.5 million Q1 operating lossMass General Brigham posts nearly $1.5 million Q1 operating loss

Mass General Brigham posts nearly $1.5 million Q1 operating loss

Mass General Brigham posted a $1.43 million operating loss in the first quarter of its fiscal year 2023.

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Oscar Health sustains heavy net loss in 2022, but executives still optimisticOscar Health sustains heavy net loss in 2022, but executives still optimisticOscar Health sustains heavy net loss in 2022, but executives still optimistic

Oscar Health sustains heavy net loss in 2022, but executives still optimistic

While Oscar saw a net loss of $610 million in 2022, an increase from a loss of $571 million, it forecasted a much more tolerable 2023.

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Despite tough financial times, health systems play long game by betting on new hospitalsDespite tough financial times, health systems play long game by betting on new hospitalsDespite tough financial times, health systems play long game by betting on new hospitals

Despite tough financial times, health systems play long game by betting on new hospitals

Henry Ford Health announced a $2.2 billion redevelopment in Detroit this week, but the project comes at a time when hospital financial margins have shrunk.

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Congress told HHS to create a data management system in 2006. It never did.Congress told HHS to create a data management system in 2006. It never did.Congress told HHS to create a data management system in 2006. It never did.

Congress told HHS to create a data management system in 2006. It never did.

A 2006 order to HHS from Congress to better integrate U.S. data management systems could have minimized communication failures during the COVID-19 pandemic.

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CVS Health deal means mayor payday for Oak Street Health CEOCVS Health deal means mayor payday for Oak Street Health CEOCVS Health deal means mayor payday for Oak Street Health CEO

CVS Health deal means mayor payday for Oak Street Health CEO

CEO and co-founder Mike Pykosz could receive more than $300 million cash in the acquisition.

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Medly sells assets to Walgreens for $19.3MMedly sells assets to Walgreens for $19.3MMedly sells assets to Walgreens for $19.3M

Medly sells assets to Walgreens for $19.3M

Medly filed for Chapter 11 bankruptcy protection in December 2022, listing $11.4 million in assets and $105.6 million in liabilities.

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Centene agrees to pay $215M settlement to California in alleged Medicaid overbillingCentene agrees to pay $215M settlement to California in alleged Medicaid overbillingCentene agrees to pay $215M settlement to California in alleged Medicaid overbilling

Centene agrees to pay $215M settlement to California in alleged Medicaid overbilling

The agreement makes California at least the 17th state to settle pharmacy billing claims totaling $939 million with the St. Louis-based insurance giant.

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Molina expects Medicaid enrollment to remain steady despite redeterminationsMolina expects Medicaid enrollment to remain steady despite redeterminationsMolina expects Medicaid enrollment to remain steady despite redeterminations

Molina expects Medicaid enrollment to remain steady despite redeterminations

The company's annual profits grew to $792 million and revenue increased to $31.97 billion.

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Tenet profits plummeted in 2022Tenet profits plummeted in 2022Tenet profits plummeted in 2022

Tenet profits plummeted in 2022

Tenet Health CEO Dr. Saum Sutaria said the company is about a year behind on its plans stemming from a $1.2 billion deal with SurgCenter Development.

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Minnesota lawmakers propose opening state-run insurance program to all residentsMinnesota lawmakers propose opening state-run insurance program to all residentsMinnesota lawmakers propose opening state-run insurance program to all residents

Minnesota lawmakers propose opening state-run insurance program to all residents

The proposal would allow all residents to buy into the state-run health insurance program. Democrats have made the expansion a priority for 2023.

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How Amazon, CVS and others have grown into healthcare powerhousesHow Amazon, CVS and others have grown into healthcare powerhousesHow Amazon, CVS and others have grown into healthcare powerhouses

How Amazon, CVS and others have grown into healthcare powerhouses

Retailers like Walmart and Walgreens are investing billions of dollars to expand into healthcare services. Here are the biggest deals from the last five years.

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Three named to Health Care Hall of FameThree named to Health Care Hall of FameThree named to Health Care Hall of Fame

Three named to Health Care Hall of Fame

Modern Healthcare congratulates Sister Carol Keehan, Dr. Herbert Pardes and the family of the late Dr. Philip Lee for the leaders’ upcoming induction into the Health Care Hall of Fame.

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Henry Ford Health's $2.2B redevelopment to transform Detroit campusHenry Ford Health's $2.2B redevelopment to transform Detroit campusHenry Ford Health's $2.2B redevelopment to transform Detroit campus

Henry Ford Health's $2.2B redevelopment to transform Detroit campus

The investment includes the construction of a $1.8 billion, state-of-the-art patient tower and a research facility in partnership with Michigan State University.

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CVS Health in deal to buy Oak Street Health for $10.6 billionCVS Health in deal to buy Oak Street Health for $10.6 billionCVS Health in deal to buy Oak Street Health for $10.6 billion

CVS Health in deal to buy Oak Street Health for $10.6 billion

The Oak Street acquisition comes as major retailers, including Walgreens Boots Alliance and Amazon, have been striking deals to expand their presence in healthcare services.

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Biden to announce mental health, cancer initiatives in State of the Union addressBiden to announce mental health, cancer initiatives in State of the Union addressBiden to announce mental health, cancer initiatives in State of the Union address

Biden to announce mental health, cancer initiatives in State of the Union address

The president is expected to announce policies to expand existing mental health strategies and the Cancer Moonshot Initiative.

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Providers score another win in surprise billing litigationProviders score another win in surprise billing litigationProviders score another win in surprise billing litigation

Providers score another win in surprise billing litigation

The latest independent dispute resolution protocol still favors insurers, a Texas federal judge ruled, vacating related provisions of the No Surprises Act regulation. 

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Centene predicts big losses during Medicaid redeterminationsCentene predicts big losses during Medicaid redeterminationsCentene predicts big losses during Medicaid redeterminations

Centene predicts big losses during Medicaid redeterminations

CEO Sarah London said the company will lose clients during the redetermination process. It also expect its Medicare Advantage business to grow in 2024.

 

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Oak Street Health shares soar on report of CVS dealOak Street Health shares soar on report of CVS dealOak Street Health shares soar on report of CVS deal

Oak Street Health shares soar on report of CVS deal

CVS Health CEO Karen Lynch has signaled the company in the market for a primary care asset to expand its healthcare delivery operations.

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MSU Health Care unveils virtual physical therapy programMSU Health Care unveils virtual physical therapy programMSU Health Care unveils virtual physical therapy program

MSU Health Care unveils virtual physical therapy program

A partnership between MSU Health Care and RecoveryOne, the program will target rural patients.

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What's challenging senior care in America?What's challenging senior care in America?What's challenging senior care in America?

What's challenging senior care in America?

LeadingAge's Katie Smith Sloan and Joel Theisen, founder and CEO at Lifespark, unpack what's ahead for the senior care sector.

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Tallahassee Memorial accepting expectant mothers following alleged cyberattackTallahassee Memorial accepting expectant mothers following alleged cyberattackTallahassee Memorial accepting expectant mothers following alleged cyberattack

Tallahassee Memorial accepting expectant mothers following alleged cyberattack

Some emergency room patients were being diverted to other hospitals, but the hospital was accepting pregnant patients, the health care system said.

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The Check Up: Adam Searing, Georgetown UniversityThe Check Up: Adam Searing, Georgetown UniversityThe Check Up: Adam Searing, Georgetown University

The Check Up: Adam Searing, Georgetown University

The Georgetown University associate professor discusses his predictions for Medicaid eligibility expansion and the arguments for doing so.

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Cyberattack took down 988 hotline in late 2022, feds sayCyberattack took down 988 hotline in late 2022, feds sayCyberattack took down 988 hotline in late 2022, feds say

Cyberattack took down 988 hotline in late 2022, feds say

The attack occurred on the network for Intrado, the company that provides telecommunications services for the helpline.

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Virtual prescribing of controlled substances is in limbo as PHE winds downVirtual prescribing of controlled substances is in limbo as PHE winds downVirtual prescribing of controlled substances is in limbo as PHE winds down

Virtual prescribing of controlled substances is in limbo as PHE winds down

With the end of the public health emergency, clinicians won’t be able to prescribe controlled substance medications via telehealth without an in-person visit.

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Opinion: Nurses have solutions to the staffing crisis, if leaders will listenOpinion: Nurses have solutions to the staffing crisis, if leaders will listenOpinion: Nurses have solutions to the staffing crisis, if leaders will listen

Opinion: Nurses have solutions to the staffing crisis, if leaders will listen

Nurses understand the issues within their profession and are best positioned to transform it, Kate Judge of the American Nurses Foundation writes.

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How post-acute care facilities use technology to save time, fight burnoutHow post-acute care facilities use technology to save time, fight burnoutHow post-acute care facilities use technology to save time, fight burnout

How post-acute care facilities use technology to save time, fight burnout

Technological solutions have helped nursing home and hospice providers streamline workflows and better monitor patients, but they also pose new challenges.

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Cardiologist brings heart to annual Valentine’s Day celebrationCardiologist brings heart to annual Valentine’s Day celebrationCardiologist brings heart to annual Valentine’s Day celebration

Cardiologist brings heart to annual Valentine’s Day celebration

The gathering brings staff together while raising awareness about the importance of cardiovascular health.

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Virtual reality is ‘not a toy’—but is it healthcare?Virtual reality is ‘not a toy’—but is it healthcare?Virtual reality is ‘not a toy’—but is it healthcare?

Virtual reality is ‘not a toy’—but is it healthcare?

Some health system leaders have practical uses for virtual reality, but questions surrounding initial investments and billing codes prevent widespread adoption.

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After 14 years at Tampa General Hospital, Steven Chew's position keeps evolvingAfter 14 years at Tampa General Hospital, Steven Chew's position keeps evolvingAfter 14 years at Tampa General Hospital, Steven Chew's position keeps evolving

After 14 years at Tampa General Hospital, Steven Chew's position keeps evolving

"There’s no formula or secret playbook for leadership," said Steven Chew, vice president of service lines at Tampa General Hospital.

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