Category: Healthcare Finance News

Baptist hospital to expand with $32 million grant

Baptist Health Boca Raton Regional Hospital, part of Florida’s Baptist Health, has received a $32 million grant from the Marcus Foundation that it calls the biggest in its history.
The grant was one of the final major grants personally directed by Bern…

Express Scripts, Caremark, OptumRx fight back in lawsuit against FTC 

Express Scripts, Caremark and OptumRx are suing the Federal Trade Commission for trying to “upend present day drug rebate contracts.”
The lawsuit was filed Tuesday, Nov. 19 in federal court in Missouri.
It stems from an FTC lawsuit against the same PBM…

CommonSpirit, University of Utah Health team on access

A new, clinically-focused strategic alliance has been formed between CommonSpirit Health and University of Utah Health, with the two entities hoping the alliance will increase access to quality medical care.
Through the alliance, patients at five Commo…

Almost a quarter of Americans underinsured, survey finds

Among those who were insured all year in 2023, almost a quarter (23%) were underinsured, meaning they had coverage for a full year that didn’t provide them with affordable access to healthcare, according to a new survey from the Commonwealth Fund.

CVS announces Dr. Sreekanth Chaguturu as president, Health Care Delivery

Oak Street Health cofounder Mike Pykosz, president of CVS’ healthcare delivery arm, is departing CVS.
CVS released the news Tuesday, when it announced that Dr. Sreekanth Chaguturu will replace Pykosz and become president, Health Care Delivery, in addit…

Insurance markets are still highly concentrated, AMA says

Dominant health insurers in most metropolitan areas across the U.S.

Trump picks Dr. Mehmet Oz to head CMS

TV celebrity, cardiothoracic surgeon and former Senate candidate Dr. Mehmet Oz is president-elect Donald Trump’s pick to head the Centers for Medicare and Medicaid Services.

UPMC, Vanderbilt join Aegis Ventures in digital consortium

Aegis Ventures is welcoming two new health system partners, UPMC Enterprises and Vanderbilt Health, into its digital consortium, a strategic alliance of nine systems that was announced earlier this year. 

HHS, Illinois reach agreement on disability rights laws

The U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) has reached an agreement with the State of Illinois Department of Human Services to enforce federal disability rights laws after a complaint alleged that a person with disa…

HHS, Illinois reach agreement on disability rights laws

The U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) has reached an agreement with the State of Illinois Department of Human Services to enforce federal disability rights laws after a complaint alleged that a person with disa…