Moderna follows Pfizer in asking FDA to approve updated COVID shot
The companies are moving quickly to supply vaccines targeting currently circulating omicron variants in time for the Biden administration’s planned fall vaccination campaign.
Advocate posts H1 loss, sees Atrium merger closing this year
Like many of its peers, the Midwest hospital system faced labor cost pressures and slashed investment income in the first half of the year.
Merger with SCL Health spurs Intermountain to $2.7B in net income
The Utah-based nonprofit reported a 46% year-over-year jump in net income for the first six months of the year.
4 California healthcare organizations reach $71M False Claims settlement
The organizations allegedly pocketed Medicaid adult expansion program funds meant to be returned to the state, according to a DOJ release.
15M Medicaid enrollees risk coverage loss when PHE ends, HHS reports
A disproportionate number of those who stand to lose coverage are children and young adults, according to the agency.
CVS, Amazon, UnitedHealth are among bidders for Signify, Bloomberg reports
UnitedHealth has submitted the highest offer for the Dallas, Texas-based home health firm at $30 per share, and Amazon’s offer is close behind, according to the report.
Fauci plans to step down in December
Fauci will leave his post as the director of the National Institute of Allergy and Infectious Diseases and as the president’s chief medical advisor.
Federal regulators nix contested language in surprise billing final rule
The final rule removes the earlier requirement that arbiters must first presume that the median in-network rate is the appropriate payment.
CMS aims to mandate state quality reporting for Medicaid, CHIP
The proposed rule would require states to report on quality measurements for the two growing programs the first time.
Mayo Clinic’s Q2 operating income tumbles as labor costs climb
The system said it is struggling with workforce shortages at a time when its hospitals are operating at near capacity.