Tenet cybersecurity incident hits Q2 volumes
The hospital operator estimated the breach had a $100 million unfavorable EBITDA impact and said its systems have since been rebuilt.
Sutter inks 10-year contract with R1 RCM
SVB Leerink analysts noted that Sutter runs on Epic EHR systems, while previous deals have mostly involved health systems using Cerner. That opens the door to further Epic deals, they said.
High childcare stress linked with health worker burnout, JAMA study finds
Workers identifying as racial or ethnic minorities were 40% to 50% more likely to report having high childcare stress than White respondents, according to researchers.
Elevance shares fall as medical spending metric increases
Bloomberg reported the drop was the largest intraday decline in two years for Elevance, formerly known as Anthem.
Amazon to buy One Medical for $3.9B
The all-cash deal for San Francisco-based One Medical comes after months of speculation about a potential acquisition, but Amazon as the buyer comes as a surprise.
DOJ goes after $1.2B in health fraud, including telehealth, genetic testing
Regulators are primarily targeting laboratory owners and operators who paid illegal kickbacks and bribes in exchange for patient referrals from doctors working with fraudulent telemedicine and digital medical technology companies.
CDC backs Novavax’s protein-based vaccine for COVID-19
Health officials argue a new type of shot could help to persuade unvaccinated people, although some surveys suggest that might not be the case.
JPMorgan’s healthcare arm to invest $30M in plan administrator Centivo
It’s Morgan Health’s third major investment in a startup looking to lower the costs of employer-sponsored healthcare in the past year.
Elevance steps away from New York Medicare Advantage contract amid continued litigation
CEO Gail Boudreaux told investors Wednesday the insurer “needed greater certainty” in order to continue with the contract.
Hospitals need ‘transformational changes’ to stem margin erosion
A combination of higher rate hikes, aggressive cost-cutting and M&A could help ailing nonprofits avoid negative rating actions, according to Fitch.