Steward bankruptcy likely as massive debt remains, with few options left
Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.
Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.
Investors on Tuesday got a clearer picture of the cyberattack’s financial fallout on the healthcare juggernaut. Some said it wasn’t as bad as they’d feared.
The payer has inked a deal with Clayton, Dubilier and Rice to join their primary care assets as Elevance looks to catch up with peers like UnitedHealth and CVS in care delivery.
The Federal Trade Commission alleged the digital mental healthcare company had provided sensitive data to third parties and maintained “sloppy” security practices.
In the wake of the Change Healthcare attack, experts advised hospital leaders to increase their cyber defenses. Change will not be the last sector-wide attack, they warned.
The agency needs a single electronic health record that’s more interoperable with the Department of Defense, VA Secretary Denis McDonough told lawmakers.
Meanwhile, Centene, Elevance and Humana held onto statewide contracts. The reprocurement was especially positive for Centene, which had been expected to lose market share, analysts said.
The deal is expected to generate approximately $1.1 billion in in cash for the liquidity-strapped hospital landlord.
Chronic disinvestment and inadequate training have created a shortage of primary care workers. Leaders at the Milbank Memorial Fund, National Association of Community Health Centers and the American Academy of Family Physicians argue for solutions.
Nearly a quarter of adults removed from the safety-net program since early last year said they are uninsured, according to KFF.