Thursday, March 16, 2023

Medicaid allowances fail to meet basic needs of nursing home residentsMedicaid allowances fail to meet basic needs of nursing home residentsMedicaid allowances fail to meet basic needs of nursing home residents

Medicaid allowances fail to meet basic needs of nursing home residents

The Medicaid personal needs allowance is meant to pay for anything not provided by the nursing home, but Congress hasn't raised that $30 allowance in decades.



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Health systems struggle to fill beds amid care delivery shiftsHealth systems struggle to fill beds amid care delivery shiftsHealth systems struggle to fill beds amid care delivery shifts

Health systems struggle to fill beds amid care delivery shifts

A slew of nonprofit and for-profit health systems reported fewer admissions in 2022, a factor that often coincided with big financial losses.



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Wednesday, March 15, 2023

Bright Health's Florida crisis portends more troubleBright Health's Florida crisis portends more troubleBright Health's Florida crisis portends more trouble

Bright Health's Florida crisis portends more trouble

For the past six months, Bright Health has needed an okay from Florida regulators for transactions exceeding $10,000. More states are eying its shaky finances.



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Michigan-based Sparrow Health reports $171.5 million loss in 2022Michigan-based Sparrow Health reports $171.5 million loss in 2022Michigan-based Sparrow Health reports $171.5 million loss in 2022

Michigan-based Sparrow Health reports $171.5 million loss in 2022

The system was hardest hit by rising wages for its staff. Compensation and benefits expenses grew by more than $55.2 million in 2022 over the year prior.



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Nonprofit hospitals receive $28 billion in tax exemptions:KFFNonprofit hospitals receive $28 billion in tax exemptions:KFFNonprofit hospitals receive $28 billion in tax exemptions:KFF

Nonprofit hospitals receive $28 billion in tax exemptions:KFF

The Kaiser Family Foundation study also noted that systems provide just $16 billion in charity care.



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A state-by-state look at the impact of Medicaid determinations A state-by-state look at the impact of Medicaid determinations A state-by-state look at the impact of Medicaid determinations

A state-by-state look at the impact of Medicaid determinations

Centene could lose up to $11 billion in revenue once states resume removing ineligible people from Medicaid. Molina Healthcare's risk is even higher.



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General Catalyst launches at-home startup amid economic uncertainty General Catalyst launches at-home startup amid economic uncertainty General Catalyst launches at-home startup amid economic uncertainty

General Catalyst launches at-home startup amid economic uncertainty

Newly launched startup Maribel is led by former Mission Health CEO Dr. Ron Paulus and former Bayada Home Healthcare Chief Medical Officer Dr. Adam Groff.



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Tuesday, March 14, 2023

Connecticut-based Covenant Health terminates merger with Day Kimball Connecticut-based Covenant Health terminates merger with Day Kimball Connecticut-based Covenant Health terminates merger with Day Kimball

Connecticut-based Covenant Health terminates merger with Day Kimball

The decision comes weeks before the state's Office of Health Strategy was scheduled to hold a public hearing on the planned merger.



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Goldman Sachs fund manager describes Outcome Health investmentGoldman Sachs fund manager describes Outcome Health investmentGoldman Sachs fund manager describes Outcome Health investment

Goldman Sachs fund manager describes Outcome Health investment

The fund manager knew there would be trouble after he read a Wall Street Journal story that accused the startup of overbilling and misleading drug companies.



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Google tackles Medicaid redeterminations by updating search algorithmGoogle tackles Medicaid redeterminations by updating search algorithmGoogle tackles Medicaid redeterminations by updating search algorithm

Google tackles Medicaid redeterminations by updating search algorithm

Google announced updates related to search, artificial intelligence and interoperability at its annual Check Up event today. 



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