The Rite Aid Corporation said it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, cutting about $2 billion worth of total debt and adding $2.5 billion in exit financing. The company said it would now have a “rightsized store footprint, more efficient operating model, significantly less debt and additional financial resources.”

Providence is starting to see scale on AI in clinical use cases and in implementation evaluation, says Dr. Eve Cunningham, chief of virtual care and digital health at Providence.  

Healthcare finance leaders are increasingly focused on cutting costs, with 38% identifying it as their top priority, according to U.S. Bank’s latest CFO Insights Healthcare Report. Artificial intelligence has emerged as a critical area of investment, with 57% of executives planning to invest in AI technologies this year, up from 45% in 2023.

Newly published data suggests low competition among middling players in the pharmaceutical supply chain, with numbers showing that the four largest pharmacy benefit managers in the country control roughly 70% of the national market.