The Medicare Shared Savings Program (MSSP) yielded more than $2.1 billion in net savings in 2023 – the largest savings in the program’s history, according to the Centers for Medicare and Medicaid Services.
A bipartisan bill introduced in the House would stop Medicare payment cuts from taking effect in January and give physicians a pay increase. The Medicare Patient Access and Practice Stabilization Act, introduced on Tuesday, would provide a 4.7% payment update in 2025 and eliminate the 2.8% Medicare physician payment cut that is slated for January […]
It’s important for chief AI officers to have a strong sense of the regulatory environment and the skills to align AI investments to the company’s business strategy, says Dennis Chornenky, UC Davis Health’s AI chief.
Winners will be those who get and act on clinical data before patients get sick – and that’s a huge IT lift, says Dr. Don Rucker, former ONC head and current chief strategy officer of 1upHealth.
Humana pulled in $29.4 billion in revenue in Q3 of this year, increasing from $25.4 billion in Q3 2023, according to its latest earnings report. For the first three quarters, Humana has now made about $1.9 billion in profit and $88.5 billion in revenue, as compared to $3 billion and $79 billion, respectively, a year […]
Hospital operating margins inched upward for a second consecutive month, with new data from Strata showing the median year-to-date (YTD) operating margin for hospitals nationwide rose to 5.1% in September, up from 4.9% in August and 4.8% in July.
CFOs of two of the country’s largest nonprofit health systems were asked about their financial strategies in the midst of generative AI becoming the next big thing with the launch of ChatGPT in 2022.
While premiums for employer-sponsored health insurance continue to rise each year, employers who have been engaged in novel strategies – such as value-based drug formularies and tiered provider networks based on price and quality – experienced lower-than-average healthcare costs, finds a
Geisinger is partnering for an AI platform to better manage operating room time and staffing. The AI platform by partner Optmed.ai analyzes billions of logistical data points to manage OR workflow. This allows for more clinical procedures, which boosts revenue. It’s being used at Geisinger’s 10 hospital campuses. WHY THIS MATTERS
Elevance Health announced plans to acquire home health company CareBridge during its most recent earnings call, with Elevance Health CEO Gail Boudreaux saying it will serve as the foundation for subsidiary Carelon’s home health business. “We’re excited to continue to serve all its customers and members,” Boudreaux said on the call.