Monday, May 22, 2023

Bright Health completes reverse stock splitBright Health completes reverse stock splitBright Health completes reverse stock split

Bright Health completes reverse stock split

Bright Health consolidated its shares by one-to-80, raising its stock price above the $1 minimum to remain on the New York Stock Exchange.



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Minnesota lawmakers take step to mandate nursing home wages Minnesota lawmakers take step to mandate nursing home wages Minnesota lawmakers take step to mandate nursing home wages

Minnesota lawmakers take step to mandate nursing home wages

Minnesota lawmakers passed legislation creating a board that will set wages and benefits for nursing home workers statewide.



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Pear Therapeutics: 4 companies want pieces of bankrupt companyPear Therapeutics: 4 companies want pieces of bankrupt companyPear Therapeutics: 4 companies want pieces of bankrupt company

Pear Therapeutics: 4 companies want pieces of bankrupt company

Less than 18 months ago, Pear went public in December 2021 in a deal that valued the company at $1.6 billion.



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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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