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.
‘I am terrified’: Doctors warn lawmakers of grim health impacts from Roe reversal
Anti-abortion laws have had a chilling effect on patient care, resulting in providers — concerned about the potential for legal action — delaying or denying in some cases life-saving services, doctors told a House committee.
Providence restructures leadership team, cuts executive jobs
The nonprofit plans to reduce its regional executive teams to three divisions from seven as it looks to create a leaner organization amid continued headwinds.
SCAN Group invests in medical transportation firm in push to diversify
The deal aims to reduce the barriers seniors face in getting to healthcare appointments and builds on the group’s other recent investments.
Health data breaches slowing from 2021’s record high, report suggests
Malicious attacks were the No. 1 cause of breaches for the sixth year in a row, according to a new report from Fortified Health Security.
ACA marketplace premiums poised to jump
Health insurers’ preliminary filings with state regulators point to a 10% median bump in rates for enrollees in 2023, according to the Kaiser Family Foundation.
Lawmakers urge HHS to fine drugmakers restricting 340B drug discounts
Currently, 18 drug manufacturers are limiting 340B discounts dispensed through pharmacies that contract with 340B providers, according to a letter from bipartisan House members to HHS Secretary Xavier Becerra and other administration officials.
Data breach at debt collector affects almost 2M healthcare patients
It’s the second-largest health data breach this year after the Shields Health Care Group cyberattack in March, per HHS data.
Regulators propose outpatient pay increase, but hospitals say it’s not enough
“A much higher update is warranted,” the American Hospital Association said in a statement citing increased inflation.