Category: Healthcare Finance News

CA governor signs bill allocating $150M to struggling hospitals

California Governor Gavin Newsom, with the support of the California Legislature, signed a bill this week creating a new $150 million Distressed Hospital Loan Program to provide zero-interest cash flow loans to nonprofit or public hospitals experiencin…

House Oversight Committee to take up transparency measures for PBMs

The full House Committee on Oversight and Accountability is scheduled to take up the role of pharmacy benefit managers on Tuesday, May 23 at 10 a.m., after a subcommittee advanced a proposal Wednesday for new transparency rules.

EHRs negatively affect well-being of healthcare teams, study finds

Electronic health records are the dominant form of communication among healthcare teams, but while a JAMA Network Open study found that they do facilitate straightforward, task-related communication, they limit “rich and social” communication.
In other…

OCR settles HIPAA investigation into protected health information at MedEvolve

The U.S. Department of Health and Human Services’ Office for Civil Rights has settled with MedEvolve for $350,000 over potential HIPAA violations regarding a data breach in which a server containing protected health information was left unsecure and ac…

Biden nominates Dr. Monica Bertagnolli to lead the National Institutes of Health

President Biden has announced the nomination of National Cancer Institute Director Dr. Monica Bertagnolli to lead the National Institutes of Health (NIH) and its $47 billion annual budget.
Bertagnolli is a world-renowned surgical oncologist, cancer res…

Five plead guilty in fraudulent nursing diploma scheme

Five defendants out of dozens have pleaded guilty to wire fraud conspiracy in the Southern District of Florida, for their alleged participation in a scheme that created an illegal licensing and employment shortcut for aspiring nurses, according to the …

Envision Healthcare files for Chapter 11 bankruptcy

Envision Healthcare has officially filed for Chapter 11 bankruptcy, entering into a Restructuring Support Agreement (RSA) supported by about 60% of the company’s approximately $7.7 billion in debt obligations.
The terms of the RSA establish the framewo…

CVS is closing its clinical trial business

CVS Health is ending the clinical trial business it started two years ago.

Medicare spending could increase $2 to $5 billion if coverage expands for lecanemab

The anti-dementia medication lecanemab, and its ancillary costs, could add $2 to $5 billion in annual Medicare spending if the Centers for Medicare and Medicaid Services revises its coverage decision, according to a research letter in JAMA Internal Med…

Million dollar claims increasing among employer plans

Million dollar claims per million covered employees rose 15% in the past year and 45% over the past four years, according to a new report from Sun Life. And one-fifth of employers had at least one member with more than $1 million in claims from 2018 th…