Category: Healthcare Finance News

Cleveland Clinic’s virtual second opinion program saves $65 million annually

The Cleveland Clinic’s virtual second opinions program has led to avoidable costs for misdiagnosis of about $65 million annually.
This is an estimated $65 million saved per 100,000 health plan members, said Frank McGillin, CEO of The Clinic by Clevelan…

Humana adds 14 states to home health division

Health insurer Humana is adding 14 states to its ongoing initiative to rebrand the home health division of Kindred at Home as CenterWell Home Health. KAH home health services have already begun transitioning to the CenterWell brand in a number of other…

Loneliness epidemic speaks to need for behavioral healthcare

Loneliness: It was a widespread problem in the U.S. before the pandemic, but COVID-19 made it worse, forcing people into isolation and social distancing protocols. It’s been one of the biggest motivators behind the push for increased access to mental h…

Hospital Insurance Trust Fund to run dry by 2028

The Hospital Insurance Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits only until 2028, according to a new report from the Trustees of the Social Security and Medicare…

FTC sues to block merger between HCA Healthcare and Steward Health Care System

Calling the health systems rival competitors in Utah, the Federal Trade Commission has brought an administrative complaint and a lawsuit in federal court to block the proposed merger between HCA Healthcare and Steward Health Care System. 
The agency sa…

FTC sues to block merger between RWJBarnabas Health and Saint Peter’s Healthcare System

In another attempt to halt a healthcare merger, the Federal Trade Commission has sued to block the acquisition of Saint Peter’s Healthcare System by RWJBarnabas Health, one of New Jersey’s largest hospital systems.

There’s broad-based support to stop telehealth cliff

There is broad-based and bipartisan support for continuing telehealth flexibilities allowed during the pandemic, but so far Congressional action has been limited.
Several bills have been introduced in both the House and Senate.
One garnering widespread…

Gunman kills four at Saint Francis Hospital clinic in Tulsa, Oklahoma

Five people are dead, including the gunman, in a shooting that took place at an orthopedic clinic on the campus of Saint Francis Hospital in Tulsa, Oklahoma, according to numerous reports. 
Two orthopedic surgeons, a medical office staffer and a patien…

HHS releases framework to improve care for children with special needs

In an effort to improve care for children with special healthcare needs, the Department of Health and Human Services has released “The Blueprint for Change: A National Framework for a System of Services for Children and Youth with Special Health Care N…

Health insurers will issue roughly $1 billion in rebates this year

Due to the Medical Loss Ratio provision of the Affordable Care Act, health insurers will issue roughly $1 billion in rebates to customers in 2022, according to a new