Friday, March 31, 2023

Sutter Health names new COO Sutter Health names new COO Sutter Health names new COO

Sutter Health names new COO

Mark Sevco, who has served as president of University of Pittsburgh Medical Center hospitals in its health services division, will join Sutter June 5.



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Cano Health directors resign, call for removal of CEOCano Health directors resign, call for removal of CEOCano Health directors resign, call for removal of CEO

Cano Health directors resign, call for removal of CEO

A dispute over profitability has turned into "a corporate governance mess" for the embattled primary care provider Cano Health.



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Wellstar-Augusta deal moves forwardWellstar-Augusta deal moves forwardWellstar-Augusta deal moves forward

Wellstar-Augusta deal moves forward

Wellstar Health System, a nine-hospital system, would become the corporate parent of Augusta Health System, an academic medical center.



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Thursday, March 30, 2023

Healthcare industry reacts to preventive care rulingHealthcare industry reacts to preventive care rulingHealthcare industry reacts to preventive care ruling

Healthcare industry reacts to preventive care ruling

U.S. District Court Judge Reed O'Connor struck down the Affordable Care Act's preventive care coverage rule Thursday, prompting concerned responses from the healthcare industry.

 



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Feds order Docs At The Door exec to pay $25M in Medicare fraudFeds order Docs At The Door exec to pay $25M in Medicare fraudFeds order Docs At The Door exec to pay $25M in Medicare fraud

Feds order Docs At The Door exec to pay $25M in Medicare fraud

The feds say the owner of the Illinois-based home-visiting-physician firm submitted thousands of claims for a Medicare service he knew had not been provided.



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CVS-Oak Street deal clears federal regulatory hurdleCVS-Oak Street deal clears federal regulatory hurdleCVS-Oak Street deal clears federal regulatory hurdle

CVS-Oak Street deal clears federal regulatory hurdle

Oak Street Health shareholders are slated to vote on CVS Health's $10.6 billion acquisition on April 28.



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ER software startup gets backing from GV, Salesforce VenturesER software startup gets backing from GV, Salesforce VenturesER software startup gets backing from GV, Salesforce Ventures

ER software startup gets backing from GV, Salesforce Ventures

Florence has been operating quietly the last two years and has integrated its tech with EHR systems from Epic, Cerner and Meditech. 



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Wednesday, March 29, 2023

CVS Health completes $8B Signify Health dealCVS Health completes $8B Signify Health dealCVS Health completes $8B Signify Health deal

CVS Health completes $8B Signify Health deal

Signify Health CEO Kyle Armbrester said the newest division of CVS Health will serve other insurance companies, not just its corporate sister, Aetna.



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Beyond the Byline: Silicon Valley Bank collapseBeyond the Byline: Silicon Valley Bank collapseBeyond the Byline: Silicon Valley Bank collapse

Beyond the Byline: Silicon Valley Bank collapse

Reporters Alex Kacik and Brock E.W. Turner and deputy editor Gabe Perna discuss the Silicon Valley Bank collapse and its aftermath.



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Major insurers to ease prior authorizations ahead of federal crackdownMajor insurers to ease prior authorizations ahead of federal crackdownMajor insurers to ease prior authorizations ahead of federal crackdown

Major insurers to ease prior authorizations ahead of federal crackdown

UnitedHealth Group and Cigna are relaxing prior authorization processes days before federal regulators are expected to finalize an overhaul of their administrative processes.



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Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023

Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023

Digital health leaders at Florida's Baptist Health and other health systems have grown hesitant to partner with startups that haven’t proven return on investment.



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Tuesday, March 28, 2023

Texas declares Friday Health Plans insolvent, seizes assetsTexas declares Friday Health Plans insolvent, seizes assetsTexas declares Friday Health Plans insolvent, seizes assets

Texas declares Friday Health Plans insolvent, seizes assets

Friday Health Plans reported a $244.4 million shortfall in Texas at the end of 2022. Rival health insurance companies will be left holding the bag.



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Walgreens bets big on VillageMD as it expands healthcare servicesWalgreens bets big on VillageMD as it expands healthcare servicesWalgreens bets big on VillageMD as it expands healthcare services

Walgreens bets big on VillageMD as it expands healthcare services

Sales for Walgreens' U.S. healthcare segment exceeded $1.6 billion in the second quarter, compared with $527 million a year ago.



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At ViVE, Amazon details latest virtual health, cloud computing ambitionsAt ViVE, Amazon details latest virtual health, cloud computing ambitionsAt ViVE, Amazon details latest virtual health, cloud computing ambitions

At ViVE, Amazon details latest virtual health, cloud computing ambitions

Amazon’s Dr. Nworah Ayogu said the company is no stranger to furthering innovation in challenging industries. 



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Bright Health to pursue reverse stock split to stay solventBright Health to pursue reverse stock split to stay solventBright Health to pursue reverse stock split to stay solvent

Bright Health to pursue reverse stock split to stay solvent

Bright Health Group shares are at risk of being delisted from the New York Stock Exchange and forced into the over-the-counter markets.



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Oscar’s Schlosser out as CEO, ex-Aetna chief Bertolini inOscar’s Schlosser out as CEO, ex-Aetna chief Bertolini inOscar’s Schlosser out as CEO, ex-Aetna chief Bertolini in

Oscar’s Schlosser out as CEO, ex-Aetna chief Bertolini in

Oscar Health, billed as a health insurance company for the 21st century, has hired Mark Bertolini, the ex-CEO of 19th century insurer Aetna, as chief executive.



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Monday, March 27, 2023

Ohio files price-fixing lawsuit against Express Scripts, Humana, PrimeOhio files price-fixing lawsuit against Express Scripts, Humana, PrimeOhio files price-fixing lawsuit against Express Scripts, Humana, Prime

Ohio files price-fixing lawsuit against Express Scripts, Humana, Prime

Ohio Attorney General Dave Yost (R) accuses Cigna subsidiary Express Scripts, Humana Pharmacy Solutions, Prime Therapeutics and others of manipulating pharmaceutical prices.



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Google investor describes troubling rumors heard before Outcome Health fellGoogle investor describes troubling rumors heard before Outcome Health fellGoogle investor describes troubling rumors heard before Outcome Health fell

Google investor describes troubling rumors heard before Outcome Health fell

The prosecutor wrapped up their case with one of the major investors who lost money after the company was accused of fraud.



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CVS to close $8B Signify Health acquisition this weekCVS to close $8B Signify Health acquisition this weekCVS to close $8B Signify Health acquisition this week

CVS to close $8B Signify Health acquisition this week

CVS Health plans to operate Signify Health as a "payor-agnostic" home health provider and offer its services to other insurance companies.



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HHS Secretary Becerra aims to keep 'pushing the envelope'HHS Secretary Becerra aims to keep 'pushing the envelope'HHS Secretary Becerra aims to keep 'pushing the envelope'

HHS Secretary Becerra aims to keep 'pushing the envelope'

In an exclusive interview, Health and Human Services Secretary Xavier Becerra spoke to Modern Healthcare about his department's achievements and future plans.



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Wellvana Health raises $84M from Memorial Hermann, Valtruis, othersWellvana Health raises $84M from Memorial Hermann, Valtruis, othersWellvana Health raises $84M from Memorial Hermann, Valtruis, others

Wellvana Health raises $84M from Memorial Hermann, Valtruis, others

Houston-based nonprofit Memorial Hermann Health System, private equity firm Heritage Group and venture capital firm Valtruis participated in the funding round.



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Tennessee transgender bill threatens to upend Medicaid contractsTennessee transgender bill threatens to upend Medicaid contractsTennessee transgender bill threatens to upend Medicaid contracts

Tennessee transgender bill threatens to upend Medicaid contracts

The leaders of the Tennessee Legislature aim to ban Medicaid contracts with health insurance companies that cover gender-affirming care, not just in the Volunteer State but anywhere in the U.S.



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