Rhode Island’s largest health systems abandon merger after FTC sues to block union
Lifespan and Care New England’s boards decided “not to pursue litigation,” according to a joint statement released Wednesday.
Yet another survey shows pandemic’s persisting toll on healthcare workforce
Over half of the healthcare workers recently surveyed by USA Today and Ipsos Research said they are burned out, and 39% agree with the statement: “The American healthcare system is on the verge of collapse.”
Teladoc issues strong outlook as 2021 revenue tops $2B
But market uncertainty and expected growth weighted in the back half of 2022 sent the company’s stock slumping in aftermarket trading Tuesday.
Sanofi and GSK, after delays, to seek clearance for COVID-19 vaccine
The companies’ vaccine provided strong protection against severe illness in a large clinical trial, long-awaited results that could position it as a booster for people who have received other shots.
Humana agrees to board refresh in deal with activist hedge fund
It’s the latest insurer facing pressure from an activist investor group, following a shakeup at Centene.
Ascension’s Q2 profit falls amid omicron surge
Ascension’s operating margin in the first six months of its fiscal year fell to 0.2% from 5.7% the year prior as it faced a host of challenges.
As pandemic lingers, more nurses consider leaving their jobs, survey finds
Roughly a third of nurses surveyed by McKinsey said they’re considering quitting their jobs. That’s up from 22% in a poll conducted last February.
Ground ambulance costs continue to soar, study finds
More ambulance trips are billing for “advanced life support,” denoting a higher level of care (and reimbursement) than basic life support services. Private insurers’ average payments for those trips increased 56% between 2017 and 2020.
FTC sues to block Rhode Island’s largest health systems from merging
Regulators allege a union between Lifespan and Care New England would increase prices and diminish quality as the combined system would control at least 70% of the state’s hospital market.
Nurses at Massachusetts Tenet hospital hold vote to decertify union following strike
An election to decertify the Massachusetts Nurses Association from representing nurses at the hospital could threaten gains achieved in a new contract agreement following a 10-month strike last year.