The decision to halt new technology agreements doesn’t change Oscar’s financial expectations for 2022, as the insurtech plans to reallocate resources to focus on achieving profitability in its insurance operations next year.
The tech giant’s healthcare program for employers, Amazon Care, plans to include Ginger’s behavioral healthcare services as an optional add-on for clients.
The lawsuit threatened to again expose millions of patients to surprise out-of-network bills.
The Medicare Advantage insurer will cover seniors in a total of four states, pending regulatory approval.
All but two of the seven largest insurers saw profits climb in the second quarter as hospital operators continued to struggle with weak volumes and higher labor costs amid record-high inflation.
The FDA authorized a new plan that could lead to a five-fold increase in available doses. European health officials may follow the agency’s lead.
Hiring bias, which Cerner denies, resulted in a notable shortfall of Black and Asian hires for certain positions between 2015 and 2019, federal regulators allege.
Hospitals and medical associations pushed back on the advocacy group’s report, which found that just 16% of hospitals were fully compliant with the price transparency law.
In a call with investors, incoming chief executive Andrew Toy said the path to profitability is “a huge focus” for Clover, and pointed to shrinking its medical loss ratio and controlling operating expense growth as key strategies.
The Oakland, California-based integrated health system attributed the setback in its quarterly results to market investments.