After a year in which the company struggled financially, Bright Health Group will be exiting six markets, and will no longer offer individual or family plans in Illinois, New Mexico, Oklahoma, South Carolina, Utah or Virginia.
Category: Healthcare Finance News
Centene board member resigns, citing need for a fresh approach to leadership
On Friday, Centene Corporation’s Board of Directors announced it had accepted the resignation of Leslie V. Norwalk as a member of the board.
HHS is giving $226.5 million in ARP funds to train health workers in local communities
The Department of Health and Human Services is launching a Community Health Worker Training Program through $226.5 million in American Rescue Plan funding.
CFOs cite healthcare benefit expenses as a top concern
CFOs across industries are looking across their business to understand how inflation might impact their company’s financials, according to a survey of executives by asset management firm Mercer.
Optum led UnitedHealth Group’s $5 billion earnings growth in Q1
UnitedHealth Group showed a slight year-to-year improvement in the first quarter of this year in posting a $5 billion profit, up from $4.9 billion in Q1 2021, according to the organization’s first quarter earnings report.
Eight hospitals rebranding under Trinity Health banner
Trinity Health Michigan, based in Livonia, will be rebranding eight hospitals and hundreds of care sites across the state, which will all adopt the Trinity Health name and logo.
HHS strengthening early childhood program with $16M infusion
The Department of Health and Human Services is earmarking roughly $16 million in funds to strengthen Maternal, Infant, and Early Childhood Home Visiting (MIECHV) Programs through seven awards supporting eight states, the agency announced Wednesday.
Providence to pay $22.7 million to resolve allegations it billed for medically-unnecessary surgeries
Providence Health & Services Washington has agreed to pay $22,690,458 to resolve allegations that it fraudulently billed Medicare, Medicaid, and other federal healthcare programs for medically unnecessary neurosurgery procedures, according to the Depar…
HHS extends public health emergency for another 90 days
Health and Human Services Secretary Xavier Becerra has announced a 90-day extension of the public health emergency that was due to expire on April 16.
The PHE is being extended for the ninth time since January 2020 due to the COVID-19 pandemic. Cases …
Patients increasingly suing hospitals over data breaches
Industries are increasingly being sued by consumers for data breaches, but the sector with the biggest litigation increase is healthcare, according to new findings from the law firm BakerHostetler.
In fact, healthcare comprises 23% of lawsuits due to d…
