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Medical groups, physician practices hit with high expenses
Even though high patient volume has contributed positively to revenue for medical groups and physician practices in the third quarter, consistently high expenses have been eating into margins, putting such practices in a financial pinch.
Express Scripts settling for $3.2 million in prescription drug prices case
Pharmacy benefit manager Express Scripts, which had been taken to a Massachusetts court for allegedly overcharging for some injured workers’ prescriptions, has now settled the case for $3.2 million, according to a court document filed this week.
Swapping out high-cost generics may save patients almost 90%
Replacing high-cost generics with cheaper medications that have the same clinical benefit could have cut down spending and saved patients about 88%, according to Johns Hopkins research published in JAMA Network Open.
The use of generics is generally un…
Cross-market hospital consolidation may harm competition
Although hospital consolidation within markets has become a common practice, consolidation across markets is on the rise, with research in Health Affairs suggesting this may harm competition .
Patients satisfied with virtual primary care, though more work needs to be done
At 94%, the vast majority of patients are satisfied with their experience pursuing virtual primary care, and nearly four in five (79%) say it has allowed them to take charge of their health, according to a new survey released by Elevance Health, former…
Some states see more Medicare Advantage advertisement complaints
A number of states have been hit with complaints about Medicare Advantage marketing, with the Centers for Medicare and Medicaid Services saying the number of Medicare beneficiary complaints about private sector marketing for Medicare Advantage plans mo…
Children’s hospitals prod feds to boost mental health funding, workforce protections
The Children’s Hospital Association has sent a letter to Congressional leaders highlighting what it sees as the top end-of-year priorities for children’s healthcare in the U.S., including increased mental health funding and workforce and coverage prote…
Employers cite healthcare affordability as top workforce concern
Unsustainable healthcare costs thwart employer efforts to attract and retain talent as 73% said it crowds out salary and wage increases, and 82% report it impacts ability to remain competitive.
These are among the findings of the latest survey of more…
Top Stories: Microsoft teams with Sophia Genetics on healthcare tools; Teladoc posts $611M in revenue in Q3
A new Microsoft partnership aims to enhance data interoperability with artificial intelligence and machine learning. What does this partnership entail? I’m Jeff Lagasse with Healthcare Finance News, and we’ll dig into that and other big developments in…
Medicare Advantage plans suffer from lack of competition, AMA says
The majority of Medicare Advantage markets are highly concentrated, and according to the American Medical Association, this can have a detrimental effect on both patients and doctors.
