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Former Optum exec returns to helm company
Dr. Amar Desai, who had previously spent years in various leadership roles at Optum Health, has returned to the company and will take over the role of CEO, according to a message Desai posted on LinkedIn.
Elevance Health reaches $1.9B in profits in strong Q2
Elevance Health posted a strong second quarter, achieving about $1.9 billion in revenue, good for 13.2% growth over the previous year’s $1.6 billion haul, according to the company’s latest earnings report.
Revenues also grew 12.7%, hitting $43.7 billio…
FTC sues to block IQVIA’s acquisition of Propel Media
The Federal Trade Commission is seeking to block IQVIA, the world’s largest healthcare data provider, from acquiring Propel Media (PMI), alleging in an administrative complaint that the proposed acquisition would give IQVIA a market- leading position i…
M&A activity returning to pre-pandemic levels
The second quarter saw an increase in merger and acquisition-related transactions – 20 overall, as compared to 15 transactions in Q1. This, according to a new Kaufman Hall analysis, brought Q2 in line with pre-pandemic levels.
Healthcare groups prod Congress to stop CMS’ payment cuts
Healthcare and doctors’ groups are unhappy with the Centers for Medicare and Medicaid Services’ proposed cuts to physician payments in its annual fee schedule, and are calling on Congress to intervene, hoping to stave off a 3.34% cut to the fee schedul…
CMS expanding Medicare Diabetes Prevention Program
The Centers for Medicare and Medicaid Services is proposing to extend the rule allowing all suppliers under the Medicare Diabetes Prevention Program (MDPP) to use specific MDPP COVID-19 Public Health Emergency flexibilities, including the optional virt…
Optum growth fuels strong quarter for UnitedHealth Group
Revenue growth at Optum during the second quarter helped fuel strong performance for owner UnitedHealth Group, according to a recent earnings call, with Optum growing 25% to $56.3 billion, and operating earnings growing 13% to $3.7 billion.
That strong…
HR vendor NextGen Healthcare paying $31 million in False Claims Act settlement
Electronic health record vendor NextGen Healthcare has agreed to pay $31 million to resolve allegations that it violated the False Claims Act by misrepresenting the capabilities of certain versions of its EHR software, and providing unlawful payment to…
Behavioral health access targeted in CMS proposals
The Centers for Medicare and Medicaid Services is proposing to expand access to behavioral health services through coverage of intensive outpatient services – an intermediate level of behavioral healthcare.
To support practices to help curtail shortag…
