Elevance lays off more employees
The health insurer has quietly laid off thousands of employees since September, according to sources.
Humana sued over alleged 340B underpayments in Medicare Advantage
Alabama-based Baptist Health argued the insurer had received a “windfall” due to illegal payment cuts in the 340B drug discount program.
Kaiser reports $4.1B net gain in 2023 on improved investments
The nonprofit’s financial rebound followed a difficult 2022 in which the operator reported a $4.5 billion net loss.
Healthcare PE deals third-highest on record in 2023: Pitchbook
Interest rate cuts could boost deal counts later this year, but some investors are more cautious following increased antitrust scrutiny.
Lawsuit accuses Advocate Aurora of charging ‘eye-watering’ prices
The lawsuit accuses the health system of using acquisitions, noncompetes and gag clauses to create a monopoly and increase prices.
FTC obtains $195M judgment against Simple Health for selling ‘sham’ insurance
The Florida-based insurer deceived tens of thousands of consumers into purchasing what they believed was comprehensive coverage, but instead amounted to a medical discount membership.
5 dynamics shaping healthcare’s digital evolution
New research surfaces what’s driving healthcare organizations’ digital strategies and investments.
Pharma CEOs, pressed by Senate panel, refuse to commit to price cuts
Forced into testifying by Senate HELP chair Bernie Sanders, the heads of Bristol Myers Squibb, J&J and Merck largely avoided major missteps.
Amazon closing One Medical corporate offices
The e-commerce giant is reducing the primary care operator’s corporate footprint days after confirming plans to lay off One Medical employees.
Primary care providers Marathon Health and Everside Health merge
The Denver- and Indianapolis-based systems will fully integrate by the end of the year and serve approximately 2.5 million patients at 680 care sites.