Tuesday, April 4, 2023

6 biggest digital health funding deals that carried Q16 biggest digital health funding deals that carried Q16 biggest digital health funding deals that carried Q1

6 biggest digital health funding deals that carried Q1

Throughout the first three months of 2023, digital health companies received $3.4 billion in funding, a big drop from the past two years' totals.



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Medicaid redeterminations are here, with 15M people at riskMedicaid redeterminations are here, with 15M people at riskMedicaid redeterminations are here, with 15M people at risk

Medicaid redeterminations are here, with 15M people at risk

Insurers, providers and regulators face huge challenges trimming the Medicaid rolls without leaving people behind.



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Monday, April 3, 2023

Michigan Medicine acquires Sparrow Health in $800M dealMichigan Medicine acquires Sparrow Health in $800M dealMichigan Medicine acquires Sparrow Health in $800M deal

Michigan Medicine acquires Sparrow Health in $800M deal

The combined health system is now a $7 billion health system that operates more than 200 locations.



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Rural hospital mergers a double-edged sword: studyRural hospital mergers a double-edged sword: studyRural hospital mergers a double-edged sword: study

Rural hospital mergers a double-edged sword: study

Seventeen percent of unprofitable rural hospitals merged with another organization while 7% closed from 2010 to 2018.



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More state lawmakers push to end 'exorbitant' contract labor prices More state lawmakers push to end 'exorbitant' contract labor prices More state lawmakers push to end 'exorbitant' contract labor prices

More state lawmakers push to end 'exorbitant' contract labor prices

The American Hospital Association estimates the hourly rates staffing agencies charged hospitals grew 213% from January 2019 to January 2022.



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States crack down on facility fees charges to telehealth, clinic patientsStates crack down on facility fees charges to telehealth, clinic patientsStates crack down on facility fees charges to telehealth, clinic patients

States crack down on facility fees charges to telehealth, clinic patients

Hospital facility fees pay for staff and overhead expenses, but eight states agree such charges are questionable and are moving to clamp down on the charges.



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Amwell CEO on economic challenges, CVS Health partnershipAmwell CEO on economic challenges, CVS Health partnershipAmwell CEO on economic challenges, CVS Health partnership

Amwell CEO on economic challenges, CVS Health partnership

Amwell CEO Roy Schoenberg spoke about the company's path to profitability and how it is a "cog in the wheel" with its CVS Health partnership. 



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Community health workers can reduce costs, but face funding hurdlesCommunity health workers can reduce costs, but face funding hurdlesCommunity health workers can reduce costs, but face funding hurdles

Community health workers can reduce costs, but face funding hurdles

A growing number of states are using their Medicaid programs to more consistently pay for community health workers, who can help patients navigate services.



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Friday, March 31, 2023

Sutter Health names new COO Sutter Health names new COO Sutter Health names new COO

Sutter Health names new COO

Mark Sevco, who has served as president of University of Pittsburgh Medical Center hospitals in its health services division, will join Sutter June 5.



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Cano Health directors resign, call for removal of CEOCano Health directors resign, call for removal of CEOCano Health directors resign, call for removal of CEO

Cano Health directors resign, call for removal of CEO

A dispute over profitability has turned into "a corporate governance mess" for the embattled primary care provider Cano Health.



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Wellstar-Augusta deal moves forwardWellstar-Augusta deal moves forwardWellstar-Augusta deal moves forward

Wellstar-Augusta deal moves forward

Wellstar Health System, a nine-hospital system, would become the corporate parent of Augusta Health System, an academic medical center.



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Thursday, March 30, 2023

Healthcare industry reacts to preventive care rulingHealthcare industry reacts to preventive care rulingHealthcare industry reacts to preventive care ruling

Healthcare industry reacts to preventive care ruling

U.S. District Court Judge Reed O'Connor struck down the Affordable Care Act's preventive care coverage rule Thursday, prompting concerned responses from the healthcare industry.

 



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Feds order Docs At The Door exec to pay $25M in Medicare fraudFeds order Docs At The Door exec to pay $25M in Medicare fraudFeds order Docs At The Door exec to pay $25M in Medicare fraud

Feds order Docs At The Door exec to pay $25M in Medicare fraud

The feds say the owner of the Illinois-based home-visiting-physician firm submitted thousands of claims for a Medicare service he knew had not been provided.



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CVS-Oak Street deal clears federal regulatory hurdleCVS-Oak Street deal clears federal regulatory hurdleCVS-Oak Street deal clears federal regulatory hurdle

CVS-Oak Street deal clears federal regulatory hurdle

Oak Street Health shareholders are slated to vote on CVS Health's $10.6 billion acquisition on April 28.



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ER software startup gets backing from GV, Salesforce VenturesER software startup gets backing from GV, Salesforce VenturesER software startup gets backing from GV, Salesforce Ventures

ER software startup gets backing from GV, Salesforce Ventures

Florence has been operating quietly the last two years and has integrated its tech with EHR systems from Epic, Cerner and Meditech. 



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Wednesday, March 29, 2023

CVS Health completes $8B Signify Health dealCVS Health completes $8B Signify Health dealCVS Health completes $8B Signify Health deal

CVS Health completes $8B Signify Health deal

Signify Health CEO Kyle Armbrester said the newest division of CVS Health will serve other insurance companies, not just its corporate sister, Aetna.



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Beyond the Byline: Silicon Valley Bank collapseBeyond the Byline: Silicon Valley Bank collapseBeyond the Byline: Silicon Valley Bank collapse

Beyond the Byline: Silicon Valley Bank collapse

Reporters Alex Kacik and Brock E.W. Turner and deputy editor Gabe Perna discuss the Silicon Valley Bank collapse and its aftermath.



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Major insurers to ease prior authorizations ahead of federal crackdownMajor insurers to ease prior authorizations ahead of federal crackdownMajor insurers to ease prior authorizations ahead of federal crackdown

Major insurers to ease prior authorizations ahead of federal crackdown

UnitedHealth Group and Cigna are relaxing prior authorization processes days before federal regulators are expected to finalize an overhaul of their administrative processes.



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Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023

Aftermath of Silicon Valley Bank collapse lingers at ViVE 2023

Digital health leaders at Florida's Baptist Health and other health systems have grown hesitant to partner with startups that haven’t proven return on investment.



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Tuesday, March 28, 2023

Texas declares Friday Health Plans insolvent, seizes assetsTexas declares Friday Health Plans insolvent, seizes assetsTexas declares Friday Health Plans insolvent, seizes assets

Texas declares Friday Health Plans insolvent, seizes assets

Friday Health Plans reported a $244.4 million shortfall in Texas at the end of 2022. Rival health insurance companies will be left holding the bag.



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