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AI can improve the revenue cycle but increases risk, Moody’s says
Artificial intelligence has the potential to improve revenue cycle operations, optimize labor through administrative efficiency and lower operating costs, but it comes with the risk of cybersecurity attacks and patient data breaches, according to Moody…
Three quarters of ACOs in direct contracting model earned savings
The Global and Professional Direct Contracting Model for Performance Year 2022 saved the Centers for Medicare and Medicaid Services $371.5 million and saved direct contracting entities $484.1 million, according to the agency’s first evaluation report o…
HIMSSCast: Physician groups unite on accountable care
Susan Dentzer, president and chief executive officer of America’s Physician Groups, keeps pushing the needle on value-based care.
Ten health systems invest in Capital Rx’s backend claims processing platform
Ten health systems, including Banner Health, Memorial Herman and Ochsner Health, with digital health equity company Transformation Capital, have invested over $50 million in Capital Rx, a full-service pharmacy benefit manager and pharmacy benefit admin…
Medicare Advantage star ratings this year represent ‘final fallout’ from COVID-19
Fewer Medicare Advantage plans made the 5-star rating for 2024, and there were surprises among those that were on, and off, the MA and Part D list this year.
Gone from this year’s 5-star list were Kaiser Permanente’s Kaiser Foundation Health Plans. The…
Rite Aid files Chapter 11 bankruptcy
Rite Aid Corporation has filed for Chapter 11 bankruptcy and has received a commitment for $3.45 billion in new financing to implement a financial restructuring plan.
The plan would significantly reduce the company’s debt, Rite Aid said, including the…
Kaiser Permanente reaches deal with workers after strike
Kaiser Permanente labor unions representing 85,000 healthcare workers reached a tentative agreement with the health system Friday across seven states and the District of Columbia.
Both sides credited Acting Secretary of Labor Julie A. Su in reaching an…
See the Medicare Advantage 2024 star ratings list: Fewer plans earn 5 stars
The Centers for Medicare and Medicaid Services has released the Medicare Advantage, Part C and Medicare Part D Star Ratings that rank MA plans by the quality of health and drug services received by consumers.
Thirty-one contracts for both Medicare Adva…
Twenty-three hospitals in North Dakota form integrated network
Twenty-three critical access hospitals have come together to form a rural clinically integrated network.
Amid losses, Walgreens announces $1 billion in cuts and closing unprofitable clinics
Walgreens Boots Alliance has plans to cut over $1 billion in 2024 and to shutter 60 healthcare clinics in unprofitable markets.
The company reported fourth quarter operating losses of $450 million, compared to $822 million operating losses during the f…
