Category: Healthcare Finance News

University of Pittsburgh Medical Center, DOJ settle whistleblower suit

Dr. James Luketich, University of Pittsburgh Medical Center and University of Pittsburgh Physicians have settled with the United States government over a whistleblower lawsuit, brought in September 2021, that alleged fraudulent billing and unsafe surgi…

Avaneer Health’s interoperable network creates an ‘information highway’

Avaneer Health, the digital network founded by Aetna, Elevance Health, the Cleveland Clinic; Health Care Service Corporation, Sentara Healthcare and others, has announced a peer-to-peer care delivery system between payers, providers and other participa…

Top Stories: ATA opposes DEA changes to telehealth prescriptions; AHA favors further study of telehealth

It’s been a big week for telehealth. What’s new in the world of virtual care? We’ll go over the latest in this week’s Top Stories, including the AHA’s support of bipartisan telehealth legislation, and results of a telemedicine-focused Rock Health study…

House committee investigating potentially anticompetitive PBM tactics

The House Oversight Committee has launched an investigation into pharmacy benefit managers’ tactics that Chairman James Comer (R-KY) said are “harming patient care and increasing costs for consumers.”

Eli Lilly caps out-of-pocket cost for insulin at $35 a month

Eli Lilly has announced that it is reducing the list price of its insulin by 70% and capping out-of-pocket costs at $35 a month as part of its Insulin Value Program.

Eli Lilly caps out-of-pocket cost for insulin at $35 a month

Eli Lilly has announced that it is reducing the list price of its insulin by 70% and capping out-of-pocket costs at $35 a month as part of its Insulin Value Program.

Medicare Advantage margins higher for insurers despite dip

Payers saw their Medicare Advantage margins revert back to pre-pandemic levels in 2021, yet those margins were still double those seen in other markets, according to a new analysis from the Kaiser Family Foundation.
By the end of 2021, gross margins pe…

Clover Health cuts losses, logs $84M loss in Q4

Medicare Advantage insurtech company Clover Health logged an $84 million loss in the fourth quarter of 2022, much less than the $187.2 million loss it sustained during the same quarter in 2021, according to the company’s earnings report.

Hospitals more stable to start the year, but challenges remain

Hospitals entered 2023 on more stable footing, following the worst financial year since the start of the COVID-19 pandemic. However, they still face a range of persistent challenges, including higher labor expenses, lower patient volumes and a fundamen…

Medicare Advantage sees fewer avoidable hospitalizations than original Medicare

Medicare Advantage had fewer avoidable hospitalizations for ambulatory care−sensitive conditions (ACSCs) when compared to traditional Medicare, but were more likely to have observation stays and emergency department direct discharges for the same condi…