Tuesday, February 28, 2023

Defense attorney grills key witness in Outcome Health caseDefense attorney grills key witness in Outcome Health caseDefense attorney grills key witness in Outcome Health case

Defense attorney grills key witness in Outcome Health case

Rishi Shah's defense attorney took his shots at star witness Ashik Desai, who testified as part of a plea deal with prosecutors.



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Privia Health holds its own against digital health headwindsPrivia Health holds its own against digital health headwindsPrivia Health holds its own against digital health headwinds

Privia Health holds its own against digital health headwinds

The Arlington, Virginia-based physician enablement company posted a net income of $17.8 million in the fourth quarter, boosting its share price on Tuesday.



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Mayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacityMayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacityMayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacity

Mayo Clinic's profit drops by more than 50% in 2022 with hospitals near capacity

Mayo Clinic's expenses increased by $1.18 billion, or 8.1%, to $15.7 billion in 2022, including a 37% jump in contract labor spending.



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Clover Health cuts losses by reducing Medicare Advantage marketingClover Health cuts losses by reducing Medicare Advantage marketingClover Health cuts losses by reducing Medicare Advantage marketing

Clover Health cuts losses by reducing Medicare Advantage marketing

Clover Health revenue increased 136.1% to $3.4 billion in 2022.



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Humana seeks up to $1.25B with bond issuesHumana seeks up to $1.25B with bond issuesHumana seeks up to $1.25B with bond issues

Humana seeks up to $1.25B with bond issues

Humana plans to use the proceeds to pay off debt, sustain operations and offset the costs of its Kindred At Home acquisition.



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Nominations close Friday for 50 Most Influential Clinical ExecutivesNominations close Friday for 50 Most Influential Clinical ExecutivesNominations close Friday for 50 Most Influential Clinical Executives

Nominations close Friday for 50 Most Influential Clinical Executives

Nominations have been extended to 11:59 PM Pacific time on Friday.



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Monday, February 27, 2023

Universal Health Services' quarterly profit drops 27% Universal Health Services' quarterly profit drops 27% Universal Health Services' quarterly profit drops 27%

Universal Health Services' quarterly profit drops 27%

The company said its behavioral healthcare facilities in particular have been unable to fill job openings and forced to limit patient volumes.



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DEA's proposed remote prescribing rule draws criticism DEA's proposed remote prescribing rule draws criticism DEA's proposed remote prescribing rule draws criticism

DEA's proposed remote prescribing rule draws criticism

Detractors say that with the proposed rule, the DEA is inviting people to acquire substances like Adderall through their own methods online. 



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California incentivizes nursing homes to add staff with bonus Medicaid paymentsCalifornia incentivizes nursing homes to add staff with bonus Medicaid paymentsCalifornia incentivizes nursing homes to add staff with bonus Medicaid payments

California incentivizes nursing homes to add staff with bonus Medicaid payments

The state will hand out additional Medicaid payments next year to nursing homes that hire additional workers, reduce staff turnover or improve quality of care. 



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Blue Cross Blue Shield of Minnesota expands rural care through tech Blue Cross Blue Shield of Minnesota expands rural care through tech Blue Cross Blue Shield of Minnesota expands rural care through tech

Blue Cross Blue Shield of Minnesota expands rural care through tech

Blue Cross Medicare Advantage members in 24 counties outside of the Twin Cities metropolitan area will have access to Homeward's tech and in-home services.



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