Wednesday, February 15, 2023

5 takeaways on data privacy from AHA, industry group report5 takeaways on data privacy from AHA, industry group report5 takeaways on data privacy from AHA, industry group report

5 takeaways on data privacy from AHA, industry group report

The recommendations come from a report by healthcare industry groups discussing challenges with existing health data privacy regulatory frameworks.



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State, local governments pay off medical debt relief with COVID fundsState, local governments pay off medical debt relief with COVID fundsState, local governments pay off medical debt relief with COVID funds

State, local governments pay off medical debt relief with COVID funds

Governments in Massachusetts, Illinois, Ohio and other states are using money from the American Rescue Plan Act to relieve residents of medical debt.



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Tuesday, February 14, 2023

CommonSpirit Health, AdventHealth break up Centura Health JVCommonSpirit Health, AdventHealth break up Centura Health JVCommonSpirit Health, AdventHealth break up Centura Health JV

CommonSpirit Health, AdventHealth break up Centura Health JV

The partnership, which formed Centura Health, has reached its “natural maturity,” the health systems said.



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Employers have big plans to change digital health offerings, survey findsEmployers have big plans to change digital health offerings, survey findsEmployers have big plans to change digital health offerings, survey finds

Employers have big plans to change digital health offerings, survey finds

Employers specifically want to adjust their wellness, mental health and clinical offerings, according to a survey from consultancy WTW. 



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Outcome Health whistleblower tells his tale at fraud trialOutcome Health whistleblower tells his tale at fraud trialOutcome Health whistleblower tells his tale at fraud trial

Outcome Health whistleblower tells his tale at fraud trial

Former Outcome Health analyst David Ma described the inner workings of the high-flying healthcare advertising company that led to fraud charges.



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Monday, February 13, 2023

Private equity targeted in CMS nursing home ownership regulationPrivate equity targeted in CMS nursing home ownership regulationPrivate equity targeted in CMS nursing home ownership regulation

Private equity targeted in CMS nursing home ownership regulation

The Centers for Medicare and Medicaid Services published a proposed rule that aims to promote transparency in the often opaque realm of nursing home ownership.



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Could the FTC put a damper on Amazon’s healthcare ambitions? Could the FTC put a damper on Amazon’s healthcare ambitions? Could the FTC put a damper on Amazon’s healthcare ambitions?

Could the FTC put a damper on Amazon’s healthcare ambitions?

The FTC's investigation into Amazon and One Medical could be the start of the agency taking a closer look at nontraditional mergers involving tech companies.



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Sanford, Fairview to delay merger until May 31Sanford, Fairview to delay merger until May 31Sanford, Fairview to delay merger until May 31

Sanford, Fairview to delay merger until May 31

Sanford Health and Fairview Health Services have encountered resistance to their planned merger from Minnesota Attorney General Keith Ellison (D).



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Cigna announces corporate rebrandingCigna announces corporate rebrandingCigna announces corporate rebranding

Cigna announces corporate rebranding

The health insurance company is changing its corporate name and dividing operations into Cigna Group, Cigna Healthcare and Evernorth Health Services.



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Fewer doctors can be found in ERs as hospitals look to cut costsFewer doctors can be found in ERs as hospitals look to cut costsFewer doctors can be found in ERs as hospitals look to cut costs

Fewer doctors can be found in ERs as hospitals look to cut costs

More physician assistants and nurse practitioners are replacing experienced physicians in emergency rooms. Critics worry about the change's effect on patients.



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Behavioral health funding, capacity draw more worry form hospital CEOsBehavioral health funding, capacity draw more worry form hospital CEOsBehavioral health funding, capacity draw more worry form hospital CEOs

Behavioral health funding, capacity draw more worry form hospital CEOs

Workforce shortages remained atop the list of the annual American College of Healthcare Executives survey, but behavioral health issues weren’t far behind.



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Friday, February 10, 2023

Mass General Brigham posts nearly $1.5 million Q1 operating lossMass General Brigham posts nearly $1.5 million Q1 operating lossMass General Brigham posts nearly $1.5 million Q1 operating loss

Mass General Brigham posts nearly $1.5 million Q1 operating loss

Mass General Brigham posted a $1.43 million operating loss in the first quarter of its fiscal year 2023.



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Oscar Health sustains heavy net loss in 2022, but executives still optimisticOscar Health sustains heavy net loss in 2022, but executives still optimisticOscar Health sustains heavy net loss in 2022, but executives still optimistic

Oscar Health sustains heavy net loss in 2022, but executives still optimistic

While Oscar saw a net loss of $610 million in 2022, an increase from a loss of $571 million, it forecasted a much more tolerable 2023.



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Despite tough financial times, health systems play long game by betting on new hospitalsDespite tough financial times, health systems play long game by betting on new hospitalsDespite tough financial times, health systems play long game by betting on new hospitals

Despite tough financial times, health systems play long game by betting on new hospitals

Henry Ford Health announced a $2.2 billion redevelopment in Detroit this week, but the project comes at a time when hospital financial margins have shrunk.



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Congress told HHS to create a data management system in 2006. It never did.Congress told HHS to create a data management system in 2006. It never did.Congress told HHS to create a data management system in 2006. It never did.

Congress told HHS to create a data management system in 2006. It never did.

A 2006 order to HHS from Congress to better integrate U.S. data management systems could have minimized communication failures during the COVID-19 pandemic.



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CVS Health deal means mayor payday for Oak Street Health CEOCVS Health deal means mayor payday for Oak Street Health CEOCVS Health deal means mayor payday for Oak Street Health CEO

CVS Health deal means mayor payday for Oak Street Health CEO

CEO and co-founder Mike Pykosz could receive more than $300 million cash in the acquisition.



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Thursday, February 9, 2023

Medly sells assets to Walgreens for $19.3MMedly sells assets to Walgreens for $19.3MMedly sells assets to Walgreens for $19.3M

Medly sells assets to Walgreens for $19.3M

Medly filed for Chapter 11 bankruptcy protection in December 2022, listing $11.4 million in assets and $105.6 million in liabilities.



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Centene agrees to pay $215M settlement to California in alleged Medicaid overbillingCentene agrees to pay $215M settlement to California in alleged Medicaid overbillingCentene agrees to pay $215M settlement to California in alleged Medicaid overbilling

Centene agrees to pay $215M settlement to California in alleged Medicaid overbilling

The agreement makes California at least the 17th state to settle pharmacy billing claims totaling $939 million with the St. Louis-based insurance giant.



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Molina expects Medicaid enrollment to remain steady despite redeterminationsMolina expects Medicaid enrollment to remain steady despite redeterminationsMolina expects Medicaid enrollment to remain steady despite redeterminations

Molina expects Medicaid enrollment to remain steady despite redeterminations

The company's annual profits grew to $792 million and revenue increased to $31.97 billion.



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Tenet profits plummeted in 2022Tenet profits plummeted in 2022Tenet profits plummeted in 2022

Tenet profits plummeted in 2022

Tenet Health CEO Dr. Saum Sutaria said the company is about a year behind on its plans stemming from a $1.2 billion deal with SurgCenter Development.



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