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Tenet selling five Birmingham hospitals to Orlando Health
Tenet Healthcare Corp. is selling its 70% majority ownership interest in Brookwood Baptist Health in Birmingham, Alabama, for approximately $910 million to Orlando Health in Florida.
The after-tax proceeds of the transaction are approximately $790 mill…
Cigna CEO David Cordani: ‘Biosimilars represent a force of change and opportunity for continued growth’
Cigna’s profits increased to $1.9 billion during the second quarter, compared to $1.8 billion during the same quarter in 2023, according to the company’s earnings report released August 1.
The growing specialty pharmacy business is one reason for the i…
Hospitals get 2.9% payment increase in final rule
The Centers for Medicare and Medicaid Services is increasing payment to inpatient hospitals by 2.9%, a rate the American Hospital Association said is unsustainable.
Hospice 2.9% increase ‘falls short’
A 2.9% payment increase for hospice providers “falls short,” according to Katie Smith Sloan, president and CEO of LeadingAge, an association of nonprofit providers of aging services.
Sloan was responding to the Centers for Medicare and Medicaid Service…
Hospital star ratings lower as data includes COVID-19 fallout
Fewer hospitals earned 5 stars and more received the lowest ranking of 1 star in the Overall Hospital Quality Star Ratings for 2024 released by the Centers for Medicare and Medicaid Services.
Cleveland Clinic adds newly created position of Chief AI Officer
Cleveland Clinic has appointed its first Chief Artificial Intelligence Officer to direct the use of AI across the health system.
Dr. Ben Shahshahani will serve as vice president, chief artificial intelligence officer starting on August 12. He will repo…
Part D national average bid amount to increase to $179.45 in 2025
The national average bid amount for Part D plans will increase from $64.28 in 2024 to $179.45 in 2025, according to information released Monday by the Centers for Medicare and Medicaid Services.
The increase is due to government subsidies changing from…
Optum reports 524 layoffs in California
Optum is laying off 524 employees in California jobs, according to a required filing in that state through the Worker Adjustment and Retraining Notification (WARN) Act.
Optum submitted the list of layoffs and permanent closures on July 18.
There are 2…
What the Supreme Court’s Chevron ruling means for healthcare
The Supreme Court ruling on June 28 to overturn the Chevron doctrine will affect healthcare regulations concerning Medicare, Medicaid and even AI, according to experts.
On June 28, in a 6-3 vote, the Supreme Court got rid of the decades long Chevron do…
Proposed physician pay decrease: ‘Death by a thousand cuts continues’
Physician groups are calling on Congress to prevent physicians from receiving a proposed Medicare pay cut of 2.93% in 2025.
“The death by a thousand cuts continues,” said AMA president Dr. Bruce A. Scott.
The Centers for Medicare and Medicaid Services …
