Monday, March 27, 2023

Google investor describes troubling rumors heard before Outcome Health fellGoogle investor describes troubling rumors heard before Outcome Health fellGoogle investor describes troubling rumors heard before Outcome Health fell

Google investor describes troubling rumors heard before Outcome Health fell

The prosecutor wrapped up their case with one of the major investors who lost money after the company was accused of fraud.



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CVS to close $8B Signify Health acquisition this weekCVS to close $8B Signify Health acquisition this weekCVS to close $8B Signify Health acquisition this week

CVS to close $8B Signify Health acquisition this week

CVS Health plans to operate Signify Health as a "payor-agnostic" home health provider and offer its services to other insurance companies.



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HHS Secretary Becerra aims to keep 'pushing the envelope'HHS Secretary Becerra aims to keep 'pushing the envelope'HHS Secretary Becerra aims to keep 'pushing the envelope'

HHS Secretary Becerra aims to keep 'pushing the envelope'

In an exclusive interview, Health and Human Services Secretary Xavier Becerra spoke to Modern Healthcare about his department's achievements and future plans.



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Wellvana Health raises $84M from Memorial Hermann, Valtruis, othersWellvana Health raises $84M from Memorial Hermann, Valtruis, othersWellvana Health raises $84M from Memorial Hermann, Valtruis, others

Wellvana Health raises $84M from Memorial Hermann, Valtruis, others

Houston-based nonprofit Memorial Hermann Health System, private equity firm Heritage Group and venture capital firm Valtruis participated in the funding round.



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Tennessee transgender bill threatens to upend Medicaid contractsTennessee transgender bill threatens to upend Medicaid contractsTennessee transgender bill threatens to upend Medicaid contracts

Tennessee transgender bill threatens to upend Medicaid contracts

The leaders of the Tennessee Legislature aim to ban Medicaid contracts with health insurance companies that cover gender-affirming care, not just in the Volunteer State but anywhere in the U.S.



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Friday, March 24, 2023

California wants Medicaid to cover 6 months of rentCalifornia wants Medicaid to cover 6 months of rentCalifornia wants Medicaid to cover 6 months of rent

California wants Medicaid to cover 6 months of rent

States can't use Medicaid to pay directly for rent, but Gov. Gavin Newsom is asking the Biden administration to authorize a program called  "transitional rent."



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New guidelines aim to limit trans healthcare at Catholic hospitalsNew guidelines aim to limit trans healthcare at Catholic hospitalsNew guidelines aim to limit trans healthcare at Catholic hospitals

New guidelines aim to limit trans healthcare at Catholic hospitals

Catholic hospitals make up a sizeable portion of the U.S. healthcare system and in some communities they are the only option.



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Outcome Health trial moves faster than expected as prosecution wraps up caseOutcome Health trial moves faster than expected as prosecution wraps up caseOutcome Health trial moves faster than expected as prosecution wraps up case

Outcome Health trial moves faster than expected as prosecution wraps up case

It’s not clear how much of a case the defense teams plan to mount when the Chicago trial resumes next week.



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Thursday, March 23, 2023

Sutter Health lost $249M in 2022 in reversal of fortuneSutter Health lost $249M in 2022 in reversal of fortuneSutter Health lost $249M in 2022 in reversal of fortune

Sutter Health lost $249M in 2022 in reversal of fortune

Sutter Health reported a net loss of $249 million in 2022, compared with a $1.14 billion gain the prior year.



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Idaho hospital halts obstetrical care as abortion laws become stricterIdaho hospital halts obstetrical care as abortion laws become stricterIdaho hospital halts obstetrical care as abortion laws become stricter

Idaho hospital halts obstetrical care as abortion laws become stricter

Officials at Sandpoint-based Bonner General Health said Idaho’s legal and political climate was partly to blame.



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Bon Secours Mercy Health's 2022 losses exceed $1 billionBon Secours Mercy Health's 2022 losses exceed $1 billionBon Secours Mercy Health's 2022 losses exceed $1 billion

Bon Secours Mercy Health's 2022 losses exceed $1 billion

The Cincinnati-based Catholic nonprofit health system disclosed a $1.2 billion net loss in 2022, compared with a $997.7 million gain in the prior year.



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Legal questions surround private equity-backed Noble HealthLegal questions surround private equity-backed Noble HealthLegal questions surround private equity-backed Noble Health

Legal questions surround private equity-backed Noble Health

The private equity-backed startup closed two rural Missouri hospitals just two years after purchasing them. It now faces legal scrutiny and several lawsuits.



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Wednesday, March 22, 2023

Bright Health's financial troubles spread to TennesseeBright Health's financial troubles spread to TennesseeBright Health's financial troubles spread to Tennessee

Bright Health's financial troubles spread to Tennessee

Bright Health Group's shaky finances have attracted negative attention from regulators in numerous states, including Florida and Tennessee.



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Medicaid expansion clears North Carolina LegislatureMedicaid expansion clears North Carolina LegislatureMedicaid expansion clears North Carolina Legislature

Medicaid expansion clears North Carolina Legislature

If Gov. Roy Cooper (D) signs the bill as expected, North Carolina would join 39 states and the District of Columbia in expanding Medicaid eligibility for low-income adults.



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Intermountain Health operating income plummets amid headwindsIntermountain Health operating income plummets amid headwindsIntermountain Health operating income plummets amid headwinds

Intermountain Health operating income plummets amid headwinds

Intermountain Health's merger with SCL Health bolstered the nonprofit health system's finances in 2022.



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Feds propose to overhaul organ transplant systemFeds propose to overhaul organ transplant systemFeds propose to overhaul organ transplant system

Feds propose to overhaul organ transplant system

The plan would end the United Network for Organ Sharing's virtual monopoly by inviting other organizations to participate in the Organ Procurement and Transplantation Network.



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Hospitals re-evaluate masking, PPE as state mandates end Hospitals re-evaluate masking, PPE as state mandates end Hospitals re-evaluate masking, PPE as state mandates end

Hospitals re-evaluate masking, PPE as state mandates end

Only a handful of states have lingering mandates requiring the use of masks in hospitals, meaning most healthcare facilities are free to once again make their own rules on PPE.



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Tuesday, March 21, 2023

Michigan primary care doctors want more funding to help rural staffing shortagesMichigan primary care doctors want more funding to help rural staffing shortagesMichigan primary care doctors want more funding to help rural staffing shortages

Michigan primary care doctors want more funding to help rural staffing shortages

The Michigan Academy of Family Physicians is asking the state for more financial support for medical students doing their residency in an underserved market.



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Feds, states end fight over $13B UnitedHealth-Change Healthcare dealFeds, states end fight over $13B UnitedHealth-Change Healthcare dealFeds, states end fight over $13B UnitedHealth-Change Healthcare deal

Feds, states end fight over $13B UnitedHealth-Change Healthcare deal

UnitedHealth spent $100 million to integrate Change Healthcare into its fast-growing OptumInsight arm last year. 



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Outcome Health investor lost 90% when company fellOutcome Health investor lost 90% when company fellOutcome Health investor lost 90% when company fell

Outcome Health investor lost 90% when company fell

The hot Chicago startup badly missed revenue targets as it was completing a major venture-capital deal — just one of several new details revealed in court.



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