Category: Healthcare Finance News

AMA’s New Year’s resolution for Congress: Cancel the Medicare pay cut

The American Medical Association has said that its New Year’s resolution for Congress is to cancel the Medicare pay cut for physicians in 2024.
The AMA strongly supports a bill introduced in Congress this month that would completely eliminate the 3.37%…

Medicare Advantage growth raises critical financial questions

In the coming year, more than half of Medicare’s 66 million beneficiaries may opt for private Medicare Advantage plans, a development likely to put further strain on an already overstretched healthcare system, according to a report in the New England J…

Baton Rouge health system partners for inclusive workforce

Franciscan Missionaries of Our Lady Health System in Baton Rouge, Louisiana has teamed with local organizations to foster what it calls an inclusive workforce within the healthcare sector.
The Disability Employment Awareness initiative provides individ…

2024 will see generative AI turn from talk to implementation

In 2023, AI became the talk of the industry. In 2024, implementation is expected to soar.
“The year 2023 didn’t really see the adoption of generative AI, we saw a lot of talking,” said Patrick Bangert, senior vice president of data, analytics and AI at…

ChristianaCare pays $47 million to settle alleged kickback scheme

ChristinaCare Health System in Delaware has agreed to pay more than $47 million to settle a whistleblower lawsuit alleging the health system gave kickbacks to physicians for patient referrals. The kickbacks resulted in fraudulent Medicaid billing, acco…

Labor pressures begin to ease for nonprofit hospitals, finds Fitch

Nonprofit hospitals in the U.S. are seeing more relief on the job front as broader labor conditions become less volatile, according to Fitch Ratings in its latest labor tracker. Payrolls continue to grow while year-over-year wage growth has declined fr…

Independent pharmacy in Iowa sues UnitedHealth and CVS

Osterhaus Pharmacy in Iowa has brought a class action complaint against UnitedHealth Group and affiliates Optum and Optum Rx for allegedly violating antitrust law for alleged breach of contract and on four other claims.

Independent pharmacy in Iowa sues UnitedHealth and CVS

Osterhaus Pharmacy in Iowa has brought a class action complaint against UnitedHealth Group and affiliates Optum and Optum Rx for allegedly violating antitrust law for alleged breach of contract and on four other claims.

Molina amends terms for Bright Healthcare Medicare Advantage acquisition

Molina Healthcare has amended its purchase agreement for the acquisition of Bright HealthCare’s California Medicare Advantage business.
The purchase price for the transaction, net of certain tax benefits, is reduced from the previously announced $510 m…

Jefferson Health, Lehigh Valley Health Network set to merge

Jefferson and Lehigh Valley Health Network have signed a non-binding letter of intent to combine, creating an integrated care delivery system that includes a national research university, as well as an expanded nonprofit health plan.
The merger would c…