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Hospital margins decline in July but stay positive
Operating margins at U.S. hospitals contracted for the first time since March, but still held positive during the month of July. According to a new Syntellis report, this drop was the first since margins rose into the black in March following more than…
CVS Health debuts biosimilars subsidiary that will compete with Humira
This week CVS Health launched Cordavis, a wholly owned subsidiary that will work with manufacturers to commercialize and/or co-produce biosimilar products for the U.S. pharmaceutical market.
The Cordavis products will be FDA approved, CVS said, adding…
Cigna to remove 25% of medical services from prior authorization
Cigna Healthcare, the health benefits provider of The Cigna Group, will be removing close to 25% of medical services from prior authorization requirements, the insurer said today.
With the removal of these 600-plus additional codes, the company has now…
Optum cuts nursing jobs at MedExpress clinics
MedExpress Urgent Care, a chain of clinics owned by Optum, itself a subsidiary of UnitedHealth Group, will be eliminating registered nursing positions at about 150 facilities as part of a broader round of layoffs at Optum, which so far has been tight-l…
Medicare Advantage should glean info on post-acute care, study finds
New data shows that Medicare Advantage beneficiaries generally use fewer post-acute care services than enrollees in fee-for-service Medicare, and also experience worse outcomes. For that reason and others, authors of a new study in JAMA Health forum sa…
Florida health agency sued over Medicaid terminations
A pair of Florida families have filed a class-action lawsuit against the Florida Agency for Health Care Administration and the Florida Department of Children and Families, claiming that low-income patients in the state are losing Medicaid coverage and …
Morris Hospital informs 248,000 patients of data breach
Morris Hospital and Healthcare Centers in Morris, Illinois is in the process of mailing notices to current and former patients and employees to inform them that a recent cybersecurity incident may have involved their personal information.
Healthcare staffing firms push to have temporary nurses recognized as employees
A group of 30 healthcare staffing firms has jointly penned a letter to the U.S. Department of Labor asking for guidance on the latter’s classification of temporary nurses as independent contractors – saying this in fact violates the Fair Labor Standard…
Select Health teams with Kroger on co-branded Medicare Advantage plans
Select Health and Kroger Health, the grocer’s healthcare division, have announced a co-branding relationship for Medicare Advantage plan offerings effective January 1, 2024.
These new co-branded plans will be offered in select counties in four states: …
Most Medicare beneficiaries concerned about program’s long-term sustainability
According to a new survey of more than 3,500 Medicare beneficiaries, about 74% are worried about the program’s long-term sustainability, a trend that holds across political lines.
