Baylor Scott & White sees income dip in Q1 as costs climb
Labor costs at the largest nonprofit health system in Texas surged 12% in the quarter ended in September, contributing to a 7% drop in income from operations.
Congress: Target the middlemen who drive up drug costs
“The PBM market lacks the three elements essential for competition — choice, transparency and a lack of conflict of interest,” antitrust attorney David Balto argues.
Zelis helps address new NSA and TiC regulations
Learn more about innovative solutions that can help you comply with new regulations.
Kaiser Permanente strike averted as union reaches tentative agreement
The work stoppage, which would have been the largest in the U.S. so far this year, had the potential to significantly disrupt operations at the nonprofit’s 14 hospitals and more than 200 clinics in the region.
Providers were protected from pay cuts, layoffs as volumes fell during pandemic, survey finds
“You saw how groups tightened their belts and there was some learning from this that you’re not going to let go of,” Elizabeth Siemsen, one of the report’s authors, said.
Biden expected to pick former FDA head Califf to run health agency: reports
If officially nominated and confirmed by Congress, the cardiologist would return to lead an agency taxed by a heavy workload reviewing COVID-19 drugs and vaccines.
Advocate Aurora bumps minimum wage to $18 per hour
The pay increase will affect roughly 41% of the health system’s more than 75,000 employees. Workers set to see a boost in pay, include food and environmental service workers, pharmacy techs and licensed practical nurses.
Moderna, escalating dispute with NIH, claims government had no role in key vaccine patent
The biotech claimed its NIH partners were involved only after a key discovery was made “by Moderna scientists using Moderna technology.” The dispute could end up in court.
GE unveils plan to spin off healthcare business
The independent company, expected to be completed in early 2023, is being positioned as having more flexibility to pursue acquisitions as it sharpens its focus on precision health and struggles with supply chain shortages.
Family premiums rise as employers boost virtual, mental health benefits, KFF finds
About half of employers with at least 200 workers reported healthcare utilization among their plan enrollees had been in line with expectations for the most recent quarter, but 32% said it had been below estimates.