Friday, June 30, 2023

Headspace Health lays off 181 employees Headspace Health lays off 181 employees Headspace Health lays off 181 employees

Headspace Health lays off 181 employees

This is the mental health company’s second round of layoffs in the past year. 



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CMS proposes 2.2% Medicare pay cut for home health providersCMS proposes 2.2% Medicare pay cut for home health providersCMS proposes 2.2% Medicare pay cut for home health providers

CMS proposes 2.2% Medicare pay cut for home health providers

Home health industry groups blasted the proposed Medicare payment rule, contending that a flawed methodology would cause financial struggles and curtail access to care.



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Bright Health sells last insurance asset to Molina for $600MBright Health sells last insurance asset to Molina for $600MBright Health sells last insurance asset to Molina for $600M

Bright Health sells last insurance asset to Molina for $600M

Bright Health's deal to divest its California Medicare Advantage business to Molina Healthcare marks the end of its insurance operations.



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Funding recap: Y Combinator invests in virtual obesity clinic Funding recap: Y Combinator invests in virtual obesity clinic Funding recap: Y Combinator invests in virtual obesity clinic

Funding recap: Y Combinator invests in virtual obesity clinic

Y Combinator, the startup accelerator that helped produce Airbnb and Instacart, is investing in virtual obesity clinic Alfie Health. 



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Thursday, June 29, 2023

Finance execs talk claim denials looming recession at HFMA conferenceFinance execs talk claim denials looming recession at HFMA conferenceFinance execs talk claim denials looming recession at HFMA conference

Finance execs talk claim denials, looming recession at HFMA conference

Revenue cycle management, technology and economic uncertainty were major themes at the Healthcare Financial Management Association conference in Nashville, Tennessee, this week.



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Healthcare industry reacts to affirmative action rulingHealthcare industry reacts to affirmative action rulingHealthcare industry reacts to affirmative action ruling

Healthcare industry reacts to affirmative action ruling

The Supreme Court has ruled that universities may no longer consider race in admissions, potentially disrupting efforts to diversify the healthcare workforce.



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Healthcare costs to grow 7% next year: PwCHealthcare costs to grow 7% next year: PwCHealthcare costs to grow 7% next year: PwC

Healthcare costs to grow 7% next year: PwC

Healthcare costs are expected to rise in 2024 as providers manage higher expenses and seek rate increases during contract negotiations with insurers.



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Wednesday, June 28, 2023

DOJ announces charges in massive healthcare fraud crackdownDOJ announces charges in massive healthcare fraud crackdownDOJ announces charges in massive healthcare fraud crackdown

DOJ announces charges in massive healthcare fraud crackdown

The Justice Department has charged dozens of people in several healthcare fraud and prescription drug schemes, including a scheme totaling nearly $1.9 billion.



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Medical supplier Medline names new CEOMedical supplier Medline names new CEOMedical supplier Medline names new CEO

Medical supplier Medline names new CEO

Effective Oct. 1, company veteran Jim Boyle will replace Charlie Mills, who will retire from the role but continue to be on the company’s board as chairman.



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Augmedics gets $82.5M in funding round for AR spinal surgery toolAugmedics gets $82.5M in funding round for AR spinal surgery toolAugmedics gets $82.5M in funding round for AR spinal surgery tool

Augmedics gets $82.5M in funding round for AR spinal surgery tool

The company has garnered more venture-capital attention than Chicago's seen for a while.



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Behavioral healthcare moving into the homeBehavioral healthcare moving into the homeBehavioral healthcare moving into the home

Behavioral healthcare moving into the home

A growing number of home health agencies are offering behavioral health services as demand for mental healthcare grows.



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New payment models test ability to identify underserved communitiesNew payment models test ability to identify underserved communitiesNew payment models test ability to identify underserved communities

New payment models test ability to identify underserved communities

As the Centers for Medicare and Medicaid Services seeks to invest more resources in disadvantaged populations, providers are concerned the tool it uses to assess social risk misses the mark.



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Tuesday, June 27, 2023

Healthcare deals may slow under FTC proposalHealthcare deals may slow under FTC proposalHealthcare deals may slow under FTC proposal

Healthcare deals may slow under FTC proposal

The Federal Trade Commission proposed, among other things, requiring merging parties to disclose minority investors to potentially weed out conflicts of interest.



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Virginia Mason Franciscan Health partners with OptumVirginia Mason Franciscan Health partners with OptumVirginia Mason Franciscan Health partners with Optum

Virginia Mason Franciscan Health partners with Optum

The partnership will broaden Virginia Mason’s reach, and Optum’s analytical expertise will help direct patients to the most appropriate care settings.



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Walgreens earnings 2023: Healthcare segment's growth disappointingWalgreens earnings 2023: Healthcare segment's growth disappointingWalgreens earnings 2023: Healthcare segment's growth disappointing

Walgreens earnings 2023: Healthcare segment's growth disappointing

Walgreens' U.S. healthcare operations reported an adjusted operating loss of $172 million in its fiscal third quarter.



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Joint Commission adding health equity certification programJoint Commission adding health equity certification programJoint Commission adding health equity certification program

Joint Commission adding health equity certification program

The certification and enhanced standards come as The Joint Commission works to overhaul its standards in an effort to refocus hospital safety and quality goals.



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Epic Nuance bring more GPT-4 tools to EHRsEpic Nuance bring more GPT-4 tools to EHRsEpic Nuance bring more GPT-4 tools to EHRs

Epic, Nuance bring more GPT-4 tools to EHRs

Nuance said it plans to add the capability for all of Epic's EHR users sometime in the first quarter of 2024.



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Monday, June 26, 2023

CMS proposes pay bump for dialysis providersCMS proposes pay bump for dialysis providersCMS proposes pay bump for dialysis providers

CMS proposes pay bump for dialysis providers

The agency also wants providers to report patient-level resource usage, discarded drug amounts and health equity measures.



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Sotera Health finalizes settlements in Illinois ethylene oxide casesSotera Health finalizes settlements in Illinois ethylene oxide casesSotera Health finalizes settlements in Illinois ethylene oxide cases

Sotera Health finalizes settlements in Illinois ethylene oxide cases

Sotera Health Co. of Ohio said it has finalized settlements of ethylene oxide claims against its Sterigenics subsidiary in Cook County, Illinois. 



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UnitedHealth Group's Optum to acquire AmedisysUnitedHealth Group's Optum to acquire AmedisysUnitedHealth Group's Optum to acquire Amedisys

UnitedHealth Group's Optum to acquire Amedisys

Amedisys announced Monday it will accept an all-cash offer to be acquired by Optum, a unit of UnitedHealth Group.



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New research may sway physician-owned hospital debateNew research may sway physician-owned hospital debateNew research may sway physician-owned hospital debate

New research may sway physician-owned hospital debate

Estimated prices negotiated between hospitals and commercial insurers for eight procedures were 33.7% lower at physician-owned hospitals than traditional hospitals.



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