Hospitals seeing sicker patients after pandemic delays, AHA warns
Rising patient acuity is driving up costs for labor, drugs and supplies and straining hospital finances, the trade group said.
The promise of payer transparency
A new price transparency rule lends itself to creating a more equitable, cost-effective market for medical coverage, Clarify Health CEO Niall Brennan argues.
Philips CEO Frans van Houten to step down in October amid recall woes; Jakobs named successor
The leadership change comes amid the company’s ongoing recall problems, including being in negotiations on a consent decree with the U.S. Department of Justice.
Providence posts $424M operating loss on heels of restructuring plan
COVID-19 volumes receded and weren’t offset by a rebound in surgical levels, while the nonprofit had to rely more heavily on expensive agency staffing in the quarter.
Strikes among healthcare workers in 2022
On Monday, some 15,000 nurses at 15 hospitals across Minnesota voted to authorize a strike.
Pharma prepares to continue fight as drug pricing bill passes House
Analysts have highlighted ways in which drugmakers might seek to sidestep the law, which President Joe Biden is expected to sign Tuesday after it passed the House on Friday.
Mass General Brigham posts $949M net loss, cites ‘unprecedented’ pressures
The Boston-based health system struggled with cost inflation, labor shortages and capacity constraints in its fiscal third quarter.
FTC tells states to avoid shielding hospital mergers from antitrust enforcement
A report released Monday compiles research that shows that arrangements, often called Certificates of Public Advantage, result in higher prices, lower quality of care and lower wage growth for employees.
Cigna, Oscar to offer small business plans in Philadelphia
Insurtech Oscar is pushing further into the small employer market through its co-branding partnership with Cigna while it holds off on adding more full-service agreements.
House passes bill extending ACA subsidies, allowing Medicare drug price negotiations
The bill, which passed on party lines in a 220-207 vote, will now head to President Joe Biden’s desk. He is expected to sign it into law this week.