Operating margins at U.S. hospitals contracted for the first time since March, but still held positive during the month of July. According to a new Syntellis report, this drop was the first since margins rose into the black in March following more than a year of negative results.
Cigna will have a slightly reduced presence on the Affordable Care Act exchanges next year, paring its offerings down to 14 states after announcing it will not offer plans in Kansas or Missouri in 2024. This comes despite a small expansion in North Carolina, in which the insurer will offer plans in 15 additional counties, […]
AI has become the focus of investing for Santé, a healthtech and medtech venture capital firm that manages over $800 million of capital for healthcare and technology startups. Santé works with companies that sell AI directly to hospitals and also directly with healthcare systems as investor partners.
The Regional Digital Health Action Plan looks at IT, capacity, knowledge exchange and what works for e-health, says David Novillo Ortiz of WHO-Europe.
The Medicare Shared Savings Program saved Medicare $1.8 billion in 2022 compared to spending targets for that year, the Centers for Medicare and Medicaid Services has announced. This represents the second-highest annual savings accrued for Medicare since the program’s inception more than 10 years ago and marks the sixth consecutive year the program has generated […]
This week CVS Health launched Cordavis, a wholly owned subsidiary that will work with manufacturers to commercialize and/or co-produce biosimilar products for the U.S. pharmaceutical market. The Cordavis products will be FDA approved, CVS said, adding that the move should help ensure a more consistent long-term supply of affordable biosimilars. WHAT’S THE IMPACT
Cigna Healthcare, the health benefits provider of The Cigna Group, will be removing close to 25% of medical services from prior authorization requirements, the insurer said today. With the removal of these 600-plus additional codes, the company has now removed prior authorization on more than 1,100 medical services since 2020. Cigna said the goal is […]
The Office for Civil Rights has announced a settlement with UnitedHealthcare over a potential violation of the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule’s right of access provision. The rule requires that patients be able to access their medical information in a timely manner. UnitedHealth has agreed to implement a corrective action plan […]
The federal government is releasing $1.4 billion to support clinical trials, coronavirus antibodies and what the Department of Health and Human Services is calling transformative technologies to fight COVID-19.
MedExpress Urgent Care, a chain of clinics owned by Optum, itself a subsidiary of UnitedHealth Group, will be eliminating registered nursing positions at about 150 facilities as part of a broader round of layoffs at Optum, which so far has been tight-lipped regarding the reasons for the move.