Health system executives plan to invest in artificial intelligence, automation and managed services to improve revenue cycle performance over the next year, according to a new Guidehouse analysis.
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.
Atlantic Health System, which had an AI maybe approach, is transitioning to an AI first approach, says Sunil Dadlani, chief information & digital officer at Atlantic Health System.
Evernorth Health Services, a subsidiary of Cigna, plans to have a Stelara biosimilar available for $0 out-of-pocket cost for eligible patients of its specialty pharmacy, Accredo, beginning in early 2025.
The heads of three large pharmacy benefit managers have until tomorrow to respond to a House Committee or face perjury charges that could result in fines or even prison time, according to the letters sent by House Committee on Oversight and Accountability Chairman James Comer (R-Ky.)
In a push to shore up access to mental health and substance use disorder care, the departments of Labor, Health and Human Services and the Treasury have issued final rules meant to clarify protections and expand equitable access to those benefits.
Henry Ford Health and Ascension Michigan today announced plans to close their proposed joint venture on September 30 and launch their newly combined organization on October 1.