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Senate report slams private equity’s ownership of hospitals
A bipartisan Senate report on private equity ownership of two health systems shows PE investment puts a priority of profit over patient health and hospitals finances.
CVS unveils new prescription drug reimbursement model
CVS Health has announced that all commercial prescriptions dispensed through its pharmacies will be now contracted through the company’s CostVantage reimbursement model.
The model removes market reliance on cross-subsidization caused by market basket a…
Mayo Clinic sues Sanford Health Plan over unpaid medical bill
The Mayo Clinic and Mayo Clinic Hospital in Rochester, Minn. is suing Sanford Health Plan over a patient’s unpaid medical bill.
Mayo demands $750,000 in the civil complaint filed December 13 in Minnesota.
Mayo alleges that Sanford in South Dakota is r…
CareSource completes affiliation with one of the last Affordable Care Act co-ops
CareSource in Ohio has completed the acquisition of Common Ground Healthcare Cooperative (CGHC), the only insurer to have continuously served the Affordable Care Act marketplace in Eastern Wisconsin since 2014, according to CGHC.
Common Ground Healthca…
Ardent Health continues expansion of urgent care clinics
For profit Ardent Health has acquired 18 urgent care clinics across New Mexico and Oklahoma from NextCare Urgent Care.
The transaction includes six urgent care clinics in New Mexico, which will operate as part of Lovelace Health System, and 12 clinics …
CVS announces layoffs due to loss of Kansas Medicaid contract
Layoffs continue for CVS Health as Aetna has announced that 164 employees would be let go as of February 15, 2024.
Elevance closes deal to buy IU Health Plans
Elevance has completed its acquisition of Indiana University Health Plans for an undisclosed amount.
The closing was announced Tuesday by Elevance, the parent company of Anthem Blue Cross and Blue Shield.
IU Health Plans will now operate as part of An…
MultiPlan refinances to extend debt capital structure
MultiPlan, a data technology company that works primarily with payers, has announced refinancing to extend the maturities of its entire debt capital structure.
MultiPlan said it has entered into an agreement with certain ad hoc groups of noteholders an…
Andrew Witty on defense over claim denials, Medicare Advantage
UnitedHealth Group CEO Andrew Witty has been playing defense over the backlash of consumer complaints against the health insurance industry and most recently, around The Wall Street Journal’s reporting on Medicare Advantage plans.
UnitedHealth Group, Amedisys extend $3.3 billion merger agreement
UnitedHealth Group and home health provider Amedisys have mutually agreed to extend their merger deadline, according to a regularly filing with the Securities and Exchange Commission.
On December 26, each party agreed to waive its right to terminate th…
