Bright Health gets new CFO
Bright’s current SVP of finance Jay Matushak is stepping up after current CFO Cathy Smith elected to leave the post to pursue a new opportunity, the company said Wednesday.
Half of all Medicare beneficiaries are now enrolled in MA plans
Enrollment in MA plans has steadily increased since 2007, when one in five Medicare beneficiaries were enrolled in a private plan.
CVS lowers 2023 earnings outlook on Oak Street, Signify deal costs
The company’s recent big-ticket acquisitions are taking a toll on its financial outlook, though management told investors Wednesday the company still expects to reach its prior earnings targets for 2024 and 2025.
Lilly drug slows Alzheimer’s decline in large study
The company plans to quickly submit an application for U.S. approval based on the trial results, which showed a consistent benefit to treatment with the drug.
Envision wins $91M in arbitration against UnitedHealthcare
The arbitration panel awarded the amount to Envision after it found that UnitedHealthcare had breached a contract and “unilaterally reduced reimbursement to Envision clinicians,” in violation of its in-network agreement.
Lower patient acuity, expenses drove CHS to $51M loss in Q1
CHS continued to grapple with heightened expenses in the quarter, including a sequential increase in salary and benefit expenses and supply costs, executives said on a Tuesday call.
CVS closes $10.6B Oak Street Health buy
With the deal’s completion, CVS adds a multi-state chain of medical clinics for seniors to its primary care roster.
CMS launches investigations into denied emergency abortion care
The agency alleges that hospitals in Missouri and Kansas violated EMTALA by failing to provide needed care to a woman whose pregnancy became nonviable at 18 weeks.
Virtual care company eVisit acquires Bluestream Health
EVisit aims to offer a streamlined interface by integrating its automated care navigation platform with Bluestream’s digital front door platform.
Biden administration ending COVID-19 vaccine requirement for healthcare facilities
The HHS will start the process to end the requirement and make more details available in the coming days, the White House said.