Amwell sells virtual psychiatric care business to Avel eCare for $21M
The divestiture “fortifies our confidence” to reach positive cash flow in 2026, said Amwell CEO Ido Schoenberg.
Private equity firms got rich while shirking obligations to hospitals, Senate report finds
The year-long inquiry into hospitals managed by Apollo Global Management and Leonard Green & Partners comes amid growing calls for increased oversight of private equity in healthcare.
Blue Shield of California restructures, launches health services business and names first female CEO
The bevy of changes for the massive California nonprofit is meant to improve operations, and should also give Blue Shield a financial leg-up as it competes with well-funded for-profit peers.
Healthcare venture capital investment amplified by AI in 2024: report
Nearly 30% of the funding poured into healthcare startups last year went to companies leveraging artificial intelligence, according to Silicon Valley Bank.
ACA signups set to smash record at 24M with enrollment continuing
The Biden administration attributed the growth to generous subsidies that are scheduled to expire at the end of this year.
Transcarent to acquire fellow health benefits navigator Accolade for $621M
If closed, the deal will take Accolade private and create a single firm with more than 1,400 employer and payer clients.
FDA aims to stem AI device bias, boost transparency in draft guidance
The document follows the agency’s first digital health advisory meeting and a final guidance on postmarket updates to AI devices.
CVS successfully converts commercial pharmacy contracts to “cost plus” model
CVS’ efforts to reform how its pharmacies are paid have reached a significant milestone that should stabilize flagging margins.
New rule wipes medical debt from consumer credit reports
The rule will remove an estimated $49 billion in medical bills from about 15 million Americans’ credit reports and bars lenders from using medical information in their lending decisions.
Health insurers will step off the roller coaster in 2025
After a turbulent year, things should calm for payers with the advent of a business-friendly Trump administration — though challenges will persist. Here are experts’ biggest predictions for the health insurance industry in 2025.