Walgreens to lay off over 250 people
The decision follows a recent announcement that the pharmacy retailer plans to close 1,200 stores over the next three years.
Cigna CEO tamps down on Humana deal speculation
Despite reports this fall that the two payers had reopened merger talks, Cigna plans to use excess cash to buy back its shares, David Cordani told investors.
Pennsylvania attorney general sues Prospect Medical alleging ‘corporate greed’
The lawsuit argues Prospect broke the terms of its agreement to purchase Pennsylvania system Crozer Health and seeks to stop the hospital operator from closing more facilities.
Medicare saves record $2.1B from largest accountable care program
Citrus ACO in Central West Florida had the highest savings rate, while Health Connect Partners — an ACO operated by hospital giant Providence — had the highest total savings in the Medicare Shared Savings Program last year.
UnitedHealth Group names new CISO 8 months after massive ransomware attack
UnitedHealth Group declined to say if the leadership change came in response to a February ransomware attack that brought the company’s medical claims and processing platform down for more than a month.
Humana boosts 2024 earnings guidance thanks to Medicare Advantage member retention
The insurer said it doesn’t expect earnings growth next year due to significant investments it plans to make to boost MA stars.
Rising healthcare costs could trickle down to workers: Employer survey
Employers’ biggest concern is higher drug costs, according to the National Alliance of Healthcare Purchaser Coalitions report.
Oracle to launch new AI-backed EHR in 2025
“This isn’t a refurbished Cerner EHR,” Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences, said during the company’s health summit.
Demand for services boosts Tenet’s third-quarter revenue to $5.1B
Despite beating estimates for revenue, the health system lowered the upper end of its full year revenue outlook. Analysts said the revision was due in part to the sale of some hospitals.
Envision Healthcare CFO, CIO to depart
J. Michael Bruff, formerly the finance chief at senior primary care chain ChenMed, has already taken the reins as Envision’s new chief financial officer. Envision is conducing a search for chief information officer.