CareMax, dragged by Steward, files for bankruptcy
CareMax was the exclusive Medicare managed service organization to Stewardship Health. Steward’s bankruptcy posed an “existential threat” that CareMax said it couldn’t overcome.
Providence names new COO
Darryl Elmouchi will take on the role effective Jan. 2 as Providence reshuffles its executive team.
Healthcare industry braces for RFK Jr.
Kennedy’s views on vaccines in particular are causing alarm among some physicians and investors.
Trump nominates Dr. Oz to oversee Medicare, Medicaid as CMS head
On Truth Social, President-elect Donald Trump said Oz, who is best known for his eponymous TV show, would take on the “illness industrial complex.”
If enhanced ACA subsidies expire, 4M could become uninsured: report
The enhanced premium tax credits will expire at the end of next year without action from lawmakers. Republicans have previously criticized the subsidies’ cost.
HHS facing challenges as lead agency for healthcare cybersecurity: GAO
The department hasn’t implemented some policies recommended by the watchdog, which could pose a risk to cybersecurity in the sector as attacks increase, according to the Government Accountability Office.
DEA, HHS issue another extension for telehealth controlled substance prescribing
The third temporary extension, which prolongs the pandemic-era flexibilities through the end of 2025, is a relief for telehealth groups who had raised concerns about access to medications.
Eli Lilly follows J&J in suing Biden administration over 340B rebates
Major drugmakers are filing lawsuits against the HHS and HRSA to try to resuscitate plans to issue hospitals rebates instead of giving them upfront discounts on 340B drugs.
Offering health insurance is becoming less lucrative
In the third quarter, the seven major publicly traded insurers’ medical loss ratios increased an average of 3.3 percentage points year over year — a major jump in medical costs.
CHS is gearing up to play offense again in hospital M&A game, CFO says
The Franklin, Tennessee-based operator has not purchased a hospital in years. That may soon change as CHS’ margins improve.