Jeff Lagasse

Author's posts

HHS, Pfizer reach agreement to increase Paxlovid access

The Department of Health and Human Services has reached an agreement with Pfizer to extend patient access to Paxlovid, which is authorized for the treatment of mild-to-moderate COVID-19 in adults and pediatric patients.
The drug is targeted at patients…

CVS Health sees leadership changes as CFO takes leave

CVS Health has announced several leadership updates as Executive Vice President, CFO and President of Health Services Shawn Guertin taking a leave of absence from his role due to what the company said were unforeseen family health reasons.
Senior Vice …

Aspirus, St. Luke’s inch closer to 19-hospital affiliation

St. Luke’s, based in Duluth, Minnesota, and Aspirus Health, based in Wausau, Wisconsin, have taken a step closer to merging by signing a definitive agreement to create a formal affiliation, which would result in a new 19-hospital health system.
The pro…

Financial challenges spurring healthcare merger and acquisition activity

Hospitals and health systems have been under extreme financial pressure since 2022, when median operating margins remained in negative territory for the full year. And while the picture has improved somewhat this year, these challenges spurred about a …

Kaiser Foundation Health Plan reaches $200 million behavioral health settlement

Kaiser Foundation Health Plan, run by Kaiser Permanente, and the California Department of Managed Health Care (DMHC) have reached a  $200 million settlement agreement to make significant changes to the plan’s delivery of behavioral healthcare services….

Uncompensated care hammering finances of essential hospitals

Essential hospitals – more than 300 of the nation’s largest safety net providers and about 5% of all U.S. acute-care hospitals – provided more than a quarter of all charity care nationally in 2021, but charity and other uncompensated care left these ho…

UnitedHealth Group posts $5.8 billion in profit in Q3

With subsidiary Optum leading the way, UnitedHealth Group posted $5.8 billion in profit for the third quarter, a slight increase over last year’s Q3 figure, and raked in $92.4 billion in revenue, a 14% increase over the year prior, according to the lat…

Patient care threatened by ever-increasing cyberattacks

Patient care is under threat from cyberattacks, particularly supply chain and business email compromise (BEC) attacks, as more and more healthcare organizations are grappling with the cost and headache associated with them, finds a new survey on health…

BCBS Michigan, Vermont affiliation receives green light

Blue Cross Blue Shield of Michigan and Blue Cross Blue Shield of Vermont have received formal approval from the Vermont Department of Financial Regulation to affiliate, which will enable both organizations to begin sharing resources and expertise to br…

Humana CEO to step down, hand reins to replacement in 2024

Health insurer Humana has named healthcare industry veteran Jim Rechtin as its president and chief operating officer effective January 8, 2024, as part of a long-planned CEO transition. He will report to CEO Bruce Broussard until the latter half of 202…