Moving past an anomaly: Bessemer’s Andrew Hedin on ‘high quality’ startups driving funding in 2024
Andrew Hedin discusses the outlook for digital health investment in 2024 and why startups that can prove their worth will continue to earn funding.
FTC sues to block Novant purchase of two CHS hospitals
The Federal Trade Commission filed a lawsuit on Thursday to block Winston-Salem, North Carolina-based Novant Health from expanding its grip on healthcare in the state, warning a buy would increase costs.
Senators reintroduce bill to boost telemental healthcare
The legislation would remove the requirement that Medicare beneficiaries be seen in-person within six months of receiving mental healthcare via telehealth.
HHS releases voluntary cybersecurity goals for the healthcare sector
The resources serve as a “step forward” as the agency looks to propose enforceable standards, HHS Deputy Secretary Andrea Palm said in a statement.
Humana posts big loss, dour outlook on Medicare Advantage cost spike
The health insurer’s stock plunged Thursday morning following its 2023 results, which fell startlingly short of Wall Street’s expectations.
Marshfield Clinic to close Wisconsin hospice center due to ‘limited resources’
The announcement comes weeks after the financially troubled health system called off merger discussions with Duluth, Minnesota-based Essentia Health.
Cleveland Clinic to focus on ‘smart growth,’ cutting costs this year
During an annual State of the Clinic address, executives outlined plans to build sustainably — with technology investments — after the operator posted a profit last year.
Senator probes MA exchanges’ marketing tactics
The head of the Senate Finance Committee sent letters to several health insurance exchanges on Tuesday, as part of an inquiry into allegedly predatory Medicare Advantage marketing to seniors.
Walgreens exploring sale of Shields Health Solutions: Bloomberg
The specialty pharmacy could be valued at more than $4 billion in a sale, but a deal might slow the healthcare segment’s drive toward profitability.
Elevance controls medical costs to $6B profit in 2023
The payer curbed the worst of medical cost growth last year, and expects to do the same in 2024 — an assumption one analyst called “aggressive” given persistent higher utilization among seniors.