With a definitive agreement in place, CVS Health is now officially poised to acquire Oak Street Health in an all-cash transaction valued at around $10.6 billion. Oak Street Health is a multi-payer, value-based primary care company focused on older adults, with a care model and technology platform it describes as scalable.
Patty Riskind, CEO of Orbita, says that adding conversational AI from the start can diminish SDOH-based biases.
In a fiery State of the Union speech punctuated by heckling from some Republicans, President Joe Biden last night outlined what he plans to do to “finish the job” his administration started. Biden, 80, has yet to announce whether he’ll seek reelection in 2024.
A federal court has vacated provisions of a final rule regarding the arbitration process under the No Surprises Act and remanded it back for further consideration. On Monday, U.S. District Court Judge Jeremy Kernodle sided with the Texas Medical Association’s argument that the final rule unlawfully conflicts with the NSA in restricting arbitrators’ discretion and […]
CVS Health has named a new senior vice president and chief diversity, equity and inclusion officer in a bid to advance the company’s stated goal of promoting more equity in healthcare. Shari Slate was named to the post and will take the help on February 27, reporting to Executive Vice President and Chief People Officer […]
An Edinburgh data hub will likely be complete in 2024, and transform health experiences and outcomes for the U.K. and across borders, according to professor Sir Aziz Sheikh, Usher Institute director and University of Edinburgh dean of data.
Despite a 9% increase in revenue in the fourth quarter, healthcare payer Centene reported a $213 million net earnings loss during that period, falling short of Wall Street predictions, the organization revealed this week. Centene posted $1.2 billion in profit for the year, down from the $1.3 billion it logged the previous year. Revenue, however, […]
Alabama hospitals have been faring far worse than hospitals in most other states in terms of margins and operating incomes, with healthcare facilities across the state seeing a 79% decline in median operating margins from 2019 to 2022, according to a new Kaufman Hall analysis. Without federal stimulus funds, the decline would have been closer […]
KeyCare CEO Dr. Lyle Berkowitz explains the company’s study on patients and telemedicine, and what healthcare CIOs and other IT leaders need to know about virtual care.
More than two dozen people have been charged in the Southern District of Florida for their alleged participation in a wire fraud scheme that created an illegal licensing and employment shortcut for aspiring nurses, according to the Justice Department.