Over 20% of healthcare bankruptcies last year were linked to private equity: report
Health Care Dive
APRIL 17, 2024
Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.
Health Care Dive
Lawmakers raise healthcare consolidation concerns after Change cyberattack
Health Care Dive
APRIL 16, 2024
Legislators also slammed UnitedHealth Group, which acquired Change Healthcare nearly two years ago, for not sending a representative to the House subcommittee hearing.
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UnitedHealth expects up to $1.6B hit from Change cyberattack this year
Health Care Dive
APRIL 16, 2024
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.
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Telehealth company Cerebral to pay $7M fine over data sharing
Health Care Dive
APRIL 16, 2024
The Federal Trade Commission alleged the digital mental healthcare company had provided sensitive data to third parties and maintained “sloppy” security practices.
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Elevance partners with private equity firm on primary care
Health Care Dive
APRIL 16, 2024
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.
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Cybersecurity takes center stage at AHA annual meeting
Health Care Dive
APRIL 16, 2024
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.
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Steward to sell physician group to UnitedHealth’s Optum Care
Health Care Dive
MARCH 27, 2024
The proposed deal could face regulatory scrutiny, Massachusetts officials say.
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Medicare’s GLP-1 spending is skyrocketing, even without weight loss coverage: KFF
Health Care Dive
MARCH 27, 2024
Gross Medicare spending on the pricey drugs rose from $57 million in 2018 to $5.7 billion in 2022, according to a new analysis from the health policy group.
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Senior lawmaker questions UnitedHealth over Change cyberattack
Health Care Dive
MARCH 26, 2024
Rep. Jamie Raskin, D-Md., said UnitedHealth’s “rapid consolidation and vertical integration” has major consequences for the healthcare sector, including increased control of the health IT market.
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Ascension will outsource Illinois hospitalist functions to PE-backed staffing firm
Health Care Dive
MARCH 26, 2024
Beginning June 1, the Catholic health system will cede responsibility of hospitalist functions to staffing firm SCP Health.
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Tax breaks exceed community care spending at large majority of nonprofit hospitals: report
Health Care Dive
MARCH 26, 2024
Nonprofits’ cumulative “fair share” deficit is enough to pay off the medical debt of everyone in California, Texas, New York and Pennsylvania combined, according to the Lown Institute.
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Elevance completes Paragon Health acquisition
Health Care Dive
MARCH 11, 2024
The infusion services and drug therapy company will operate under CarelonRx, Elevance’s pharmacy benefit manager.
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Small, financially struggling providers at risk from Change cyberattack: Moody’s
Health Care Dive
MARCH 11, 2024
Larger providers, however, aren’t immune from cash flow challenges, especially if UnitedHealth Group is unable to restore systems by mid-March.
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Federal government probes healthcare private equity deals
Health Care Dive
MARCH 6, 2024
The cross-agency investigation comes as scrutiny rises regarding corporate consolidation in healthcare.
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Dexcom receives FDA clearance for first OTC glucose sensor
Health Care Dive
MARCH 6, 2024
The diabetes tech firm tailored its software to the 25 million people in the U.S. who have Type 2 diabetes and do not use insulin.
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UMass Memorial, Google Cloud partner to connect patients with cardiometabolic drugs
Health Care Dive
MARCH 6, 2024
The central Massachusetts nonprofit’s aim is to improve population health, but its partnership with Google on data management and AI should also lower costs.
Walgreens’ VillageMD to exit Illinois
Health Care Dive
MARCH 1, 2024
The primary care chain plans to shutter its remaining clinics in the state by April 19 as Walgreens continues to cut costs.
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Molina loses Medicaid contract in Virginia
Health Care Dive
MARCH 1, 2024
It’s the second recent Medicaid state loss for Molina, despite executives expressing confidence about the insurer’s ability to retain contracts.
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Cleveland Clinic posts $911M net gain in 2023 on investment, volume growth
Health Care Dive
MARCH 1, 2024
The health system is the latest to report a financial turnaround compared to 2022, which analysts called the worst operational year on record for nonprofit hospitals.
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Change Healthcare cyberattack having ‘far-reaching’ effects on providers
Health Care Dive
MARCH 1, 2024
Providers said the outage at the UnitedHealth-owned technology company has affected billing, eligibility checks, prior authorization requests and prescription fulfillment.
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Trinity Health cuts operating losses by 85% in first half of 2024
Health Care Dive
FEBRUARY 26, 2024
Revenue from acquisitions and outpatient services helped the Catholic health system trim losses.
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R1 RCM receives takeover offer from New Mountain
Health Care Dive
FEBRUARY 26, 2024
The private equity firm’s offer represents a 24% premium to R1’s closing price on Friday, but could be undervaluing the company, analysts said.
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False claims settlements in healthcare reached $1.8B in fiscal year 2023
Health Care Dive
FEBRUARY 26, 2024
According to the Department of Justice, enforcement in Medicare Advantage is of “critical importance” as the number of beneficiaries in the privatized insurance program swells.
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4 steps for successful implementation of AI-powered technology in healthcare
Health Care Dive
FEBRUARY 26, 2024
Learn about four things to consider for successful implementation of ACI within a health system.
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How SDoH data impact telehealth access and how payers can use it to improve outcomes
Health Care Dive
FEBRUARY 26, 2024
Removing barriers to care and improving care access through analyzing social determinants of health (SDoH) data is a key strategy.
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CMS finalizes rule to cut Medicaid DSH payments for some hospitals
Health Care Dive
FEBRUARY 21, 2024
Under the new definition, hospitals can only receive disproportionate share hospital Medicaid reimbursements for beneficiaries who are primarily insured by the safety-net program.
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Medicare Advantage plans provide less intensive post-acute care, study finds
Health Care Dive
FEBRUARY 21, 2024
The research found no differences in 30-day hospital readmissions or mortality, but the study’s authors said more analysis on patients’ long-term functioning was needed.
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FDA extends deadline for comments on role of digital health in diabetes detection
Health Care Dive
JANUARY 31, 2024
The agency is seeking answers on how digital health technologies could be used in the detection of prediabetes and Type 2 diabetes.
Healthcare execs must consider workforce, consumer concerns about generative AI: survey
Health Care Dive
FEBRUARY 1, 2024
Leaders were most likely to rate data quality, availability and reliability as their greatest concerns. Deloitte researchers urge a broader focus.
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Nurse sues UPMC over alleged labor abuses
Health Care Dive
JANUARY 23, 2024
The lawsuit seeks to represent thousands of other UPMC employees who may have been affected by the nonprofit’s alleged wage suppression and other anticompetitive practices.
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HSHS to close Wisconsin hospitals, health centers due to financial challenges
Health Care Dive
JANUARY 23, 2024
Hospital Sisters Health System is shuttering operations in Western Wisconsin as nonprofits struggle to rebound from pandemic-related challenges.
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Bon Secours Mercy Health, vendor hit with lawsuit after data breach
Health Care Dive
JANUARY 23, 2024
The suit alleges the health system and a vendor failed to implement standards or promptly alert people whose data may have been exposed following a cyberattack.
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Patient records exposed in data breaches doubled in 2023
Health Care Dive
JANUARY 18, 2024
Though the number of data breaches declined slightly from 2022, more than 116 million records were exposed last year, according to a new report from a cybersecurity firm.
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Mortality rates low for hospital-at-home patients, study finds
Health Care Dive
JANUARY 9, 2024
The study could support extending acute hospital care at home, researchers said. Currently, a pandemic-era waiver for the programs is set to expire at the end of the year.
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Most nonprofit hospitals and health systems had ‘strong’ cash reserves in 2022, KFF finds
Health Care Dive
JANUARY 9, 2024
An analysis of cash on hand suggests that, despite declining operating margins, some nonprofit health systems had enough of a financial cushion to weather tough operating conditions in 2022.
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CVS names Tom Cowhey permanent CFO
Health Care Dive
JANUARY 5, 2024
CVS on Friday solidified what had been a temporary role for Cowhey, while sharing it expects enrollment in Medicare Advantage plans to exceed previous targets for 2024.
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‘Healthy pullback’: GSR Ventures’ Sunny Kumar on normalizing digital health funding, accelerating M&A in 2024
Health Care Dive
JANUARY 5, 2024
In part one of a three-part Q&A series, Sunny Kumar discusses digital healthcare investment, the landscape for M&A and when the public markets could open back up.
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Ohio hospital, vendor hit with class action suit after data breach
Health Care Dive
DECEMBER 22, 2023
The suit alleges Salem Community Hospital and Perry Johnson & Associates waited months before informing affected individuals. The breach may have exposed the data of nearly nine million people across the country.
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Antitrust enforcements hit a high in 2022, with health deals impacted
Health Care Dive
DECEMBER 22, 2023
The 2022 report comes after regulators finalized merger guidelines this week that could have a chilling effect on healthcare M&A.
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Predictions on 2024 healthcare M&A trends: What leaders need to know
Health Care Dive
DECEMBER 22, 2023
A shift in funding sources, new regulatory policies in Medicare and technology advances may influence M&A in the sector next year, according to Samantha Prokop from law firm Gunster, Yoakley & Stewart.
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Elevance, BCBSLA resurrect $2.5B merger
Health Care Dive
DECEMBER 18, 2023
Two months after the insurers shelved their plan to merge after public outcry in Louisiana, Elevance and BCBSLA are bringing a new plan to the table they think will assuage regulatory concerns.
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Securing IoMT solutions for Telemedicine
Health Care Dive
DECEMBER 18, 2023
Connected devices are making real-time patient monitoring and advanced care possible; but as with every new technology, cybercriminals lurk waiting to take advantage of vulnerabilities.
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Digital Synergy: How televisions can power employee communication in healthcare
Health Care Dive
DECEMBER 18, 2023
Discover how the utilization of UPshow SHIFT, in collaboration with Google ChromeOS, leverages TVs to enhance employee communications and engagement.
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Humana used algorithm to deny care to Medicare Advantage patients, lawsuit claims
Health Care Dive
DECEMBER 13, 2023
It's the latest insurer to face a suit over its use of algorithms when appraising claims.
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