Category: Healthcare Finance News

WHO declares COVID-19’s Omicron a ‘Variant of Concern’

The World Health Organization has declared the new COVID-19 variant Omicron a “Variant of Concern.” 
The WHO Technical Advisory Group on SARS-CoV-2 Virus Evolution convened on Friday to assess the variant that was first reported to WHO from South Afric…

Humana announces value-based agreement with Minnesota-based Allina Health

Insurer Humana and nonprofit healthcare system Allina Health are expanding their existing agreement to focus on value-based care for Humana’s Medicare Advantage members in Minnesota, the organizations said this week.
The multiyear agreement, which take…

Staff shortages and supply chain woes threaten profit margins

Labor shortages and supply chain challenges are a rising threat to profit margins for U.S. healthcare and pharmaceutical companies, according to a new report from Fitch Ratings.
 

Rural providers are getting $7.5 billion in American Rescue Plan funds

The average amount is $170,700, with payments ranging from $500 to $43 million.

American Society of Anesthesiologists accuses BCBS NC of abusing No Surprises Act

The American Society of Anesthesiologists has accused BlueCross BlueShield of North Carolina of abusing new federal law designed to protect patients from out-of-network bills. 

HHS announces a record number of healthcare workforce awards in rural and underserved communities

The Biden Administration, through the Department of Health and Human Services, has awarded a historically high number of health workforce loan repayment and scholarship programs due to a new $1.5 billion investment, including $1 billion in supplemental…

Surprise medical bills average $750 to $2,600, new federal report says

Millions of Americans with private health insurance experience some kind of surprise medical billing, according to a new government report released less than six weeks before the No Surprises Act goes into effect.

Newly expanded supplemental benefits in Medicare Advantage grew 43% for 2022

Medicare Advantage plans offering at least one newly-expanded supplemental benefit rose 43% from the 2021 to the ’22 coverage year, finds new analysis from the Better Medicare Alliance.

Private equity ownership of nursing homes linked to lower quality, higher Medicare costs

Nursing homes acquired by private equity companies saw an increase in emergency room visits and hospitalizations among long-stay residents and an uptick in Medicare costs, according to a new study from Weill Cornell Medicine investigators. The findings…

House passage of Build Back Better gets mixed reaction

The House on Friday morning approved President Biden’s $1.7 trillion social spending plan, in a 220 to 213 vote largely along party lines. 
“This bill is monumental, it’s historic, it’s transformative, it’s bigger than anything we’ve ever done,” House …