CVS Health has announced that all commercial prescriptions dispensed through its pharmacies will be now contracted through the company’s CostVantage reimbursement model. The model removes market reliance on cross-subsidization caused by market basket approaches to reimbursement, CVS said. This means a reduction in the need for higher rates on some medicines to help subsidize losses […]
Richmond University Medical Center in New York has experienced a data breach that has potentially exposed the protected health information of more than 674,000 people in and around Staten Island, the facility said.
The Mayo Clinic and Mayo Clinic Hospital in Rochester, Minn., is suing Sanford Health Plan over a patient’s unpaid medical bill. Mayo demands $750,000 in the civil complaint filed December 13 in Minnesota. Mayo alleges that Sanford in South Dakota is responsible for $739,956.20 in medical expenses incurred by a patient in the Mayo facilities […]
The Massachusetts State Auditor has conducted a performance audit of the Center for Health Information and Analysis (CHIA), determining that the agency did not adequately monitor the financial conditions of acute care hospitals in the state.
The coming year is going to show where AI’s practical use cases are going to be in healthcare, say editors from HIMSS Media brands Healthcare Finance News, Healthcare IT News and MobiHealthNews.
Health insurer Aetna has filed a lawsuit against several drug companies, including Pfizer, Novartis and Teva Pharmaceuticals, for allegedly fixing the prices of 111 generic medications and monopolizing and restraining trade.
CareSource in Ohio has completed the acquisition of Common Ground Healthcare Cooperative (CGHC), the only insurer to have continuously served the Affordable Care Act marketplace in Eastern Wisconsin since 2014, according to CGHC. Common Ground Healthcare Cooperative offers individual and small-group exchange plans in 24 counties in Wisconsin.
The editors of Healthcare IT News, Healthcare Finance News and MobiHealthNews look at the big trends in AI, cybersecurity and reimbursement and the uncertainty of what to expect from a new administration.
Layoffs continue for CVS Health as Aetna has announced that 164 employees would be let go as of February 15, 2024.
For profit Ardent Health has acquired 18 urgent care clinics across New Mexico and Oklahoma from NextCare Urgent Care. The transaction includes six urgent care clinics in New Mexico, which will operate as part of Lovelace Health System, and 12 clinics in Oklahoma that will become part of Hillcrest HealthCare System. No financial details were […]