Friday, May 19, 2023

Mayo Clinic's strong quarter signals possible reboundMayo Clinic's strong quarter signals possible reboundMayo Clinic's strong quarter signals possible rebound

Mayo Clinic's strong quarter signals possible rebound

The Mayo Clinic recorded $420 million in net income during the first quarter after losing $177 million a year before.



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FTC to seek clarification of Health Breach Notification RuleFTC to seek clarification of Health Breach Notification RuleFTC to seek clarification of Health Breach Notification Rule

FTC to seek clarification of Health Breach Notification Rule

Companies in the space that are not subject to HIPAA could see the rules formally applied to them.



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Thursday, May 18, 2023

Mount Sinai Hospital fined $127K for consistent understaffing at NICU Mount Sinai Hospital fined $127K for consistent understaffing at NICU Mount Sinai Hospital fined $127K for consistent understaffing at NICU

Mount Sinai Hospital fined $127K for consistent understaffing at NICU

The hospital violated staffing rules included in recent nurse contracts, an arbitrator ruled. 



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Unions call for DOJ investigation of UPMC on wages, antitrustUnions call for DOJ investigation of UPMC on wages, antitrustUnions call for DOJ investigation of UPMC on wages, antitrust

Unions call for DOJ investigation of UPMC on wages, antitrust

A labor coalition led by the Service Employees International Union alleges the University of Pittsburgh Medical Center leverages its power as a leading regional employer to suppress pay.



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Minnesota hospitals push back on nurse staffing bill, Mayo's request for exceptionMinnesota hospitals push back on nurse staffing bill, Mayo's request for exceptionMinnesota hospitals push back on nurse staffing bill, Mayo's request for exception

Minnesota hospitals push back on nurse staffing bill, Mayo's request for exception

Providers argue the nurse staffing bill would require them to cut services, and that if Mayo Clinic gets an exception, every hospital should. 



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HCA Healthcare to buy 41 Texas urgent care centers from FastMedHCA Healthcare to buy 41 Texas urgent care centers from FastMedHCA Healthcare to buy 41 Texas urgent care centers from FastMed

HCA Healthcare to buy 41 Texas urgent care centers from FastMed

HCA will add 19 FastMed locations and 22 MedPost centers to its portfolio under the terms of the deal, which is expected to close this summer.



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Medicare Advantage deals winnow the home health fieldMedicare Advantage deals winnow the home health fieldMedicare Advantage deals winnow the home health field

Medicare Advantage deals winnow the home health field

Medicare Advantage insurers are driving massive consolidation in home health by acquiring companies and setting reimbursement rates.



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Wednesday, May 17, 2023

FTC orders records from Zinc Health, Ascent Health as PBM probe widensFTC orders records from Zinc Health, Ascent Health as PBM probe widensFTC orders records from Zinc Health, Ascent Health as PBM probe widens

FTC orders records from Zinc Health, Ascent Health as PBM probe widens

The Federal Trade Commission issued compulsory orders for information on the business practices of two group purchasing organizations.



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House panel advances bill to promote PBM transparencyHouse panel advances bill to promote PBM transparencyHouse panel advances bill to promote PBM transparency

House panel advances bill to promote PBM transparency

A House subcommittee voted unanimously to approve a measure that would require pharmacy benefit managers to disclose more information about their dealings.



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VA seeks to hold Oracle Cerner accountable with revised EHR dealVA seeks to hold Oracle Cerner accountable with revised EHR dealVA seeks to hold Oracle Cerner accountable with revised EHR deal

VA seeks to hold Oracle Cerner accountable with revised EHR deal

The VA's Dr. Neil Evans said the system has not yet delivered for veterans or VA clinicians.



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Increase in hospital police forces brings criticisms, warningsIncrease in hospital police forces brings criticisms, warningsIncrease in hospital police forces brings criticisms, warnings

Increase in hospital police forces brings criticisms, warnings

Nearly 30 states have active or proposed laws authorizing independent hospital police forces.



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Abortion pill case advances to appeals court, on course to Supreme CourtAbortion pill case advances to appeals court, on course to Supreme CourtAbortion pill case advances to appeals court, on course to Supreme Court

Abortion pill case advances to appeals court, on course to Supreme Court

The case is likely to wind up at the Supreme Court, which already has intervened to keep the drug, mifepristone, available while the legal fight continues.



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LRVHealth launches $200M digital health fundLRVHealth launches $200M digital health fundLRVHealth launches $200M digital health fund

LRVHealth launches $200M digital health fund

LRVHealth received investments from 29 health systems, insurance companies and vendors. 



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Emergency abortions mired in legal questions a year after Roe reversalEmergency abortions mired in legal questions a year after Roe reversalEmergency abortions mired in legal questions a year after Roe reversal

Emergency abortions mired in legal questions a year after Roe reversal

Nearly a year after the Supreme Court abortion ruling, shifting state abortion laws and conflicting enforcement of federal rules have hamstrung doctors faced with critical patients.



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Tuesday, May 16, 2023

WellSpan Health, Emerus to build three neighborhood hospitals WellSpan Health, Emerus to build three neighborhood hospitals WellSpan Health, Emerus to build three neighborhood hospitals

WellSpan Health, Emerus to build three neighborhood hospitals

WellSpan, which has eight hospitals across the state, plans to build three hospitals in Cumberland and York counties with Emerus, which operates 39 micro-hospitals nationally.



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Court order impacting ACA preventative care mandate placed on holdCourt order impacting ACA preventative care mandate placed on holdCourt order impacting ACA preventative care mandate placed on hold

Court order impacting ACA preventative care mandate placed on hold

The 5th U.S. Circuit Court of Appeals issued an “administrative stay” of the March 30 ruling issued by U.S. District Judge Reed O'Connor of Texas.



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General Catalyst leads $50M investment in healthcare AI company General Catalyst leads $50M investment in healthcare AI company General Catalyst leads $50M investment in healthcare AI company

General Catalyst leads $50M investment in healthcare AI company

Hippocratic AI, which is building a generative AI large language model designed for healthcare, launched Tuesday.



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Insurers, PBMs restrict access to weight loss drugs as demand soarsInsurers, PBMs restrict access to weight loss drugs as demand soarsInsurers, PBMs restrict access to weight loss drugs as demand soars

Insurers, PBMs restrict access to weight loss drugs as demand soars

Payers have taken a cautious approach to handling rising demand for the pricey new class of drugs known as glucagon-like peptide agnostics, or GLP-1s.



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Monday, May 15, 2023

CommonSpirit narrows third-quarter loss, cuts jobsCommonSpirit narrows third-quarter loss, cuts jobsCommonSpirit narrows third-quarter loss, cuts jobs

CommonSpirit narrows third-quarter loss, cuts jobs

Lower patient acuity and rising costs created challenges for CommonSpirit Health in its fiscal third quarter.



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CVS Health to shut down clinical trials divisionCVS Health to shut down clinical trials divisionCVS Health to shut down clinical trials division

CVS Health to shut down clinical trials division

CVS Health will end its foray into clinical research at the end of 2024, three years after launching the venture.



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The Check Up: Nigam Shah, Stanford Health CareThe Check Up: Nigam Shah, Stanford Health CareThe Check Up: Nigam Shah, Stanford Health Care

The Check Up: Nigam Shah, Stanford Health Care

ChatGPT has a lot of potential uses in healthcare—but also some serious pitfalls, Stanford Health Care's chief data scientist said.



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Envision Healthcare files for Chapter 11 bankruptcyEnvision Healthcare files for Chapter 11 bankruptcyEnvision Healthcare files for Chapter 11 bankruptcy

Envision Healthcare files for Chapter 11 bankruptcy

KKR bought Envision in 2018 in a deal valued at nearly $10 billion.
 



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Nonprofit program empowers kids to be a partner in their healthcareNonprofit program empowers kids to be a partner in their healthcareNonprofit program empowers kids to be a partner in their healthcare

Nonprofit program empowers kids to be a partner in their healthcare

The Washington, D.C.-based organization "Hope for Henry" is working with hospitals and pharmacies nationwide in an attempt to bring smiles to kids’ faces.



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