Senate confirmation hearings for Robert F. Kennedy Jr., President Trump’s pick to head Health and Human Services, will take place on Wednesday and Thursday of next week.
Category: Healthcare Finance News
Confirmation hearings planned for RFK Jr. next week
Senate confirmation hearings for Robert F. Kennedy Jr., President Trump’s pick to head Health and Human Services, will take place on Wednesday and Thursday of next week.
Credit downgrades outpaced upgrades for nonprofit hospitals
Once again, more nonprofit hospitals experienced credit downgrades than upgrades in 2024, though the difference between the two is not as great as it has been in previous years, according to a new analysis.
University of California Health saving $15 million through pooled surgery data
The five medical centers overseen by the University of California have collected more than a decade’s worth of surgical data, allowing it to streamline care and improve financial margins, saving $15 million so far in a collective known as the Universit…
CMS appeals UnitedHealthcare’s star ratings win
The Centers for Medicare and Medicaid Services has appealed UnitedHealthcare’s win over its Medicare Advantage star ratings score.
CMS filed the appeal on Tuesday in federal court for the Eastern District of Texas.
It is appealing the November 22, 202…
Elevance pulls in $418 million in Q4 profit
Elevance Health saw $418 million in profit during the fourth quarter, down 51% from the $856 million in profit it hauled in at the end of 2023, company officials said during an earnings call this morning.
Revenue was up year-over-year, hitting $45 bill…
Aspirus embarks on $227 million hospital expansion
Aspirus Health in Wausau, Wisconsin is expanding one of its hospitals to the tune of about $227 million, with Aspirus Wausau Hospital earmarked for renovation as critical care needs grow in the region, the health system said.
HHS provides $590 million to Moderna amid vaccine controversy
Three days before President Donald Trump was sworn into office, the Department of Health and Human Services announced the award of $590 million to Moderna to accelerate the development of mRNA-based pandemic influenza vaccines.
WHY THIS MATTERS
DOJ sues Walgreens for dispensing alleged illegal prescriptions
The Department of Justice has filed a lawsuit against Walgreens Boots Alliance and its subsidiaries for allegedly dispensing millions of unlawful prescriptions in violation of the Controlled Substances Act.
According to the lawsuit, Walgreens then soug…
New York putting $188 million toward cancer center
New York State is investing in seven hospitals and healthcare partnerships, with preliminary approval part of the Healthcare Safety Net Transformation Program. This includes a $188 million investment in Jamaica Hospital and Memorial Sloan Kettering to …
