Moody’s Investors Service expects an increase in healthcare borrowing defaults in 2024 versus 2023, as more ratings migrate toward the lower-end of the credit spectrum.
Category: Healthcare Finance News
Elevance Health PBM debuts digital pharmacy
CarelonRx, Elevance Health’s pharmacy benefit manager, is seeking to make it easier for patients to track prescriptions through the launch of a new digital pharmacy.
Dubbed CarelonRx Pharmacy, the digital pharmacy will launch on January 1, 2024 and wil…
American Hospital Association debuts national patient safety initiative
In an effort to improve patient safety, the American Hospital Association is planning to give hospitals more data and tools through a new national initiative – one that promises to aggregate insights on safety improvement efforts at a national scale.
T…
AMA: AI needs governance policies prior to adoption and physician input on the front-end
When American Medical Association President Dr. Jesse Ehrenfeld takes the stage in San Diego this month during the HIMSS’ AI in Healthcare Forum, he brings AMA principles for augmented intelligence development, deployment and use that were worked out a…
Highmark Health reports $20.3B in revenue through three quarters
Highmark Health has reported $20.3 billion in revenue, an operating gain of $406 million and net income of $431 million through the first nine months of this year, noting that revenue has grown about 4% over last year.
Ascension Saint Thomas and Lifepoint Health announce joint venture
Ascension Saint Thomas and Lifepoint Health have announced a venture to jointly own Lifepoint’s Highpoint Health System in Northern Middle Tennessee.
The hospitals and sites of care included in the joint venture will be co-branded with Ascension Saint …
BJC Healthcare, St. Luke’s Health System finalize merger agreement
Two Missouri health systems, St. Louis-based BJC Healthcare and Kansas City-based St. Luke’s Health System, have reached a definitive agreement to merge after satisfying regulatory reviews, the systems said.
The providers did not disclose the finances …
Walgreens launches digital tool to tackle prescription costs
Walgreens has announced the launch of its new Rx Savings Finder, a digital tool designed to help customers save money on prescription medications, with Chief Pharmacy Officer Rick Gates framing the move as partly a response to inflation.
Rx Savings Fin…
UnitedHealth’s Medicare Advantage growth below expectations
UnitedHealthcare is setting 2024 Medicare Advantage enrollments below market forecasts.
UnitedHealthcare, the largest health insurer in the United States, set its 2024 MA enrollment predictions for less than 8.1 million next year, UnitedHealth Group sa…
Mark Cuban Cost Plus Drug Company, Expion team to take on pharmacy costs
In a strategic alliance, Mark Cuban Cost Plus Drug Company said it would be teaming with pricing technology company Expion Health in an effort to address the rising costs of specialty drugs.
The idea is that the pricing capabilities of Cost Plus drugs …
