CMS lays out plans for negotiating drug prices
The guidance fills in details for one of the central pharmaceutical provisions of the Inflation Reduction Act, signaling how the agency will use its new authority.
AI scribe shows potential in documentation for orthopedists but needs corrections, study finds
Although the AI scribe understood most verbal commands and handled most medical documentation, it was at times unable to form a medical plan compared to humans.
US names first drugs to face price hike penalty
Under the Inflation Reduction Act, pharma companies owe rebates to Medicare for price increases they take that exceed inflation. But they won’t need to pay until 2025.
Medpac recommends physician pay bump, but not enough for provider groups
Updating base physician payment rates by 1.45% in 2024 as proposed by the group that advises Congress on Medicare policy is “grossly insufficient,” the Medical Group Management Association said in a statement.
Majority of states plan to take their time with Medicaid redeterminations
Some states are proposing to unwind Medicaid more slowly, while others are moving more quickly to focus on reducing budgetary costs, according to a survey from the Kaiser Family Foundation.
Oscar Health names current physician leader new CMO
Sean Martin is stepping up as chief medical officer of the New York-based insurer, after Oscar’s old CMO left to become CMO of L.A. Care Health Plan in December.
Nonprofit hospitals tax exemptions rose estimated 41% over nearly a decade, KFF finds
Nonprofits are coming under increased criticism around whether the benefits they provide justify large tax breaks. Nonprofits were exempt from $28 billion in taxes in 2020, but spent $16 billion on charity care, according to new research.
FTC says health privacy key priority in 2024 budget request
The agency cited its need to take on bigger and more complex cases in areas like health privacy in its request on Tuesday for a $160 million funding boost.
Google plans to boost Medicaid information during redeterminations
Among the other announcements during the tech giant’s annual healthcare event on Tuesday, Google also shared an a updated version of its medical artificial intelligence that can answer clinical questions at an “expert” level.
Healthcare companies may turn to big banks after SVB collapse
The fall of SVB created a chasm in the life sciences startup sector, locking out funds temporarily and cutting off a source of short-term cash for some startups.