Category: Healthcare Finance News

Nursing diploma scheme likely not contained to Florida

The nursing diploma scheme may go beyond Florida as state boards check their staff records, according to Dr. Dani Bowie, vice president of Clinical Strategy and Transformation for staffing firm Trusted Health.
“The expectation is that this is not conta…

Senators press telehealth companies on data-sharing practices

A bipartisan group of four U.S. Senators are leaning on three telehealth companies for more information about their data-sharing practices, calling on these companies to protect patients’ sensitive health data.

CVS Health acquiring Oak Street Health for $10.6 billion

With a definitive agreement in place, CVS Health is now officially poised to acquire Oak Street Health in an all-cash transaction valued at around $10.6 billion.
Oak Street Health is a multi-payer, value-based primary care company focused on older adul…

Drug prices, affordability, VA mental health in Biden’s fiery State of the Union address

In a fiery State of the Union speech punctuated by heckling from some Republicans, President Joe Biden last night outlined what he plans to do to “finish the job” his administration started.
Biden, 80, has yet to announce whether he’ll seek reelection …

CVS Health names new chief diversity, equity and inclusion officer

CVS Health has named a new senior vice president and chief diversity, equity and inclusion officer in a bid to advance the company’s stated goal of promoting more equity in healthcare.
Shari Slate was named to the post and will take the help on Februar…

Court rules as unlawful the arbitration process of No Surprises Act final rule

A federal court has vacated provisions of a final rule regarding the arbitration process under the No Surprises Act and remanded it back for further consideration.
On Monday, U.S. District Court Judge Jeremy Kernodle sided with the Texas Medical Associ…

Centene down $213 million in Q4 despite revenue gains

Despite a 9% increase in revenue in the fourth quarter, healthcare payer Centene reported a $213 million net earnings loss during that period, falling short of Wall Street predictions, the organization revealed this week.
Centene posted $1.2 billion in…

Alabama hospitals seeing severe margin declines

Alabama hospitals have been faring far worse than hospitals in most other states in terms of margins and operating incomes, with healthcare facilities across the state seeing a 79% decline in median operating margins from 2019 to 2022, according to a n…

Federal charges levied against 25 defendants in alleged nursing diploma scheme

More than two dozen people have been charged in the Southern District of Florida for their alleged participation in a wire fraud scheme that created an illegal licensing and employment shortcut for aspiring nurses, according to the Justice Department.

Natural language processing creates an audit trail for risk adjustment

The best way for insurers to make sure they’re in compliance with the mandates of risk adjustment is to use natural language processing for accurate documentation and auditing, according to Dr. Calum Yacoubian, director, Healthcare Strategy, Linguamati…