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Medicare Advantage insurers to collect $12.8 billion in federal bonus payments
Federal spending on bonus payments to insurance companies that offer Medicare Advantage plans will reach at least $12.8 billion in 2023, according to
Senators press Treasury, IRS on nonprofit hospitals’ tax exemptions
Four U.S. senators, led by Elizabeth Warren (D-Massachusetts) and Dr. Bill Cassidy (R-Louisiana), have penned letters to the IRS and Treasury Department asking for more detail on nonprofit hospitals’ charity care and community investments, saying they’…
Optum teams with Capella University on nurse practitioner educational program
Optum has partnered with accredited online university Capella University on a new educational program designed to address the growing need for skilled, advanced practice nurses.
Optum, the health services arm of UnitedHealth Group, plans on pairing its…
Physicians finding ways to earn secondary income
In 2022, 34% of physicians earned income from a source outside their practice, the highest percentage since statistics started being tracked in 2017, indicating a rising trend of medical professionals pursuing extracurricular moneymaking opportunities.
Kaiser Permanente continues rebound with $25.2B in Q2 revenue
After a rough financial year in 2022, Kaiser Permanente got off to a strong start to begin the year and has continued to rebound, finishing the second quarter of 2023 with $25.2 billion in operating revenues, vs. $24.4 billion in expenses. Revenues wen…
HCSC vies to improve maternal health with new program
Health Care Service Corporation is launching a new program tasked with improving maternal and infant healthcare by partnering with community organizations.
Cyberattack disrupts hospitals across several states
A cyberattack targeted facilities operated across several states by Prospect Medical Holdings, disrupting computer systems and forcing some emergency rooms to shut down and ambulances to be diverted.
Evernorth growth fuels strong revenues for Cigna in Q2
Major insurer Cigna outperformed industry expectations in the second quarter, riding sustained growth at subsidiary Evernorth and raking in $48.6 billion in revenues, with shareholders’ net income hitting $1.5 billion, or $4.92 per share.
Almost a quarter of Black parents experience unfair treatment in healthcare
It’s been long reported that Black patients and other members of racial/ethnic minority groups face discrimination or unfair treatment in healthcare.
But a new Urban Institute study hones in specifically on minority parents, finding that 13% of parent…
AmeriHealth Caritas offering coverage to former Friday Health Plans members
After Nevada became the latest state to liquidate Friday Health Plans, beneficiaries and insurance officials fretted about placing people into new coverage. In North Carolina, one of the states in which Friday once conducted business, AmeriHealth Carit…
