Author's posts
CVS Health acquiring Oak Street Health for $10.6 billion
With a definitive agreement in place, CVS Health is now officially poised to acquire Oak Street Health in an all-cash transaction valued at around $10.6 billion.
Oak Street Health is a multi-payer, value-based primary care company focused on older adul…
CVS Health names new chief diversity, equity and inclusion officer
CVS Health has named a new senior vice president and chief diversity, equity and inclusion officer in a bid to advance the company’s stated goal of promoting more equity in healthcare.
Shari Slate was named to the post and will take the help on Februar…
Centene down $213 million in Q4 despite revenue gains
Despite a 9% increase in revenue in the fourth quarter, healthcare payer Centene reported a $213 million net earnings loss during that period, falling short of Wall Street predictions, the organization revealed this week.
Centene posted $1.2 billion in…
Alabama hospitals seeing severe margin declines
Alabama hospitals have been faring far worse than hospitals in most other states in terms of margins and operating incomes, with healthcare facilities across the state seeing a 79% decline in median operating margins from 2019 to 2022, according to a n…
Federal charges levied against 25 defendants in alleged nursing diploma scheme
More than two dozen people have been charged in the Southern District of Florida for their alleged participation in a wire fraud scheme that created an illegal licensing and employment shortcut for aspiring nurses, according to the Justice Department.
New Jersey receives $80M to strengthen healthcare workforce, modernize data
The New Jersey Department of Health has been awarded a grant from the Centers for Disease Control and Prevention for $80.5 million over the next five years to support public health workforce development and training, build foundational capabilities and…
Top Stories: Lawmakers introduce bills seeking to halt VA HER modernization; Cigna files suit against CVS
A House bill would put a stop to VA EHR modernization. What’s the objection? We’ll delve deeper into that and other issues in this week’s Top Stories, including Cigna’s lawsuit against CVS Health, and Mark Cuban Cost Plus Drug Company’s latest partners…
Humana announces leadership appointments
Health insurer Humana has hired industry veteran Dr. Sanjay Shetty to lead its healthcare services business CenterWell, the largest provider of senior-focused primary care, provider of home health services, and fourth largest pharmacy benefit manager i…
U.S. spends most on healthcare, has worst outcomes, finds Commonwealth Fund
The U.S. spends far more on healthcare than do other countries, yet it doesn’t have the results to show for it.
Despite the higher spending, life expectancy and other health metrics fare far worse in the U.S. than in other locations across the world.
Texas doctors file lawsuit over No Surprises Act 600% fee hike
The Texas Medical Association is challenging a 600% hike in administrative fees for seeking federal dispute resolution in No Surprises Act situations. TMA filed a lawsuit in the U.S. District Court for the Eastern District of Texas this week, the group…
