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While data breaches affect all industries, healthcare suffers the largest financial hit, according to data compiled by the Ponemon Institute. This year, the average cost of a data breach reached an all time high of $4.4 million. That’s a 2.3% increase from 2022, and taking the long-term view, the average cost has increased 15.3% from […]

Subsidiaries of Franklin, Tennessee-based Community Health Systems have agreed to sell three Florida hospitals to Tampa General Hospital in a deal estimated to be worth $290 million, with the transaction expected to close later this year. The hospitals are 120-bed Bravera Health Brooksville in Brooksville, 128-bed Bravera Health Seven Rivers in Crystal River and 124-bed […]

Cigna is being sued for using algorithms to allegedly deny claims. The lawsuit, filed Monday in federal court in California, claims Cigna developed an algorithm known as PXDX to enable its doctors to automatically deny payments in batches of hundreds or thousands at a time for treatments that do not match certain preset criteria. This […]

Claiming that its old policy statements no longer reflect current market dynamics, the Federal Trade Commission has voted to rescind its prior statements of advocacy for pharmacy benefit managers, effectively ending the agency’s previously stated endorsement of PBMs. According to the FTC, the new statement pulling its advocacy is a response to PBMs’ continued reliance […]

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