Bridges Health Partners has filed a lawsuit against Aetna Network Services, citing multiple breach-of-contract claims from its 2023 agreement.
Category: Healthcare Finance News
AHA concerned over penalties for cybersecurity standards
In a statement to the Committee on Energy and Commerce Subcommittee on Health, the American Hospital Association said it was concerned over potential penalties for hospitals and other healthcare facilities that fall short of the Biden administrat
AI facilitating collaboration among Stanford nurses and physicians
Artificial intelligence has demonstrated value as an assistant for physicians, helping care teams via disease-identifying algorithms and large language models that record notes during patient visits. But a new study from Stanford Medicine shows the pot…
House subcommittee scrutinizes Change cyberattack
The House Subcommittee on Health and witnesses slammed insurers Tuesday for continuing to make money during the Change cyberattack crisis while hospitals and health systems suffer revenue losses and some physician practices are on the brink of bankruptcy.
Four mega mergers help increase M&A in Q1
The first quarter of 2024 saw a significant uptick in merger and acquisition activity, with 20 announced transactions – which, according to Kaufman Hall, represents the strongest first quarter since Q1 2020, just before the start of the COVID-19 pandem…
Elevance teams with private investment firm on primary care
Elevance Health and private investment firm Clayton, Dublier and Rice (CD&R) have agreed to form a strategic partnership meant to accelerate innovation in primary care delivery, with an eye toward improving experience and outcomes.
The effort will brin…
Change cyberattack expenses expected to exceed $1 billion
The Change Healthcare cyberattack is expected to cost UnitedHealth Group $1 billion to $1.5 billion this year, according to CFO John Rex, who was also named president this month.
DOJ sues Regeneron Pharmaceuticals over allegedly inflating Medicare reimbursements
The Department of Justice has filed a False Claims Act complaint against Regeneron Pharmaceuticals, a New York-based pharmaceutical company, over allegedly inflating Medicare reimbursement rates for Eylea, an injection therapy approved for retinal dise…
Henry Ford, Michigan State research center to be built for $335 million
The Michigan State University Board of Trustees has approved the construction of a $335 million biomedical research center in Detroit. The seven-story, 335,000-square-foot facility will be owned by Michigan State University and operated jointly as part…
Proposed inpatient payment rates ‘woefully inadequate’ AHA says
Acute care hospitals are getting a 2.6% payment increase in a proposed rule released by the Centers for Medicare and Medicaid Services last week.
The proposal reflects a projected 2025 hospital market basket percentage increase of 3%, reduced by a 0.4…
