Category: Healthcare Finance News

Providence announces leaner executive team in new operating model

Due to what it called unprecedented net operating losses, Providence, the not-for-profit Catholic health system serving seven states in the western United States, is grouping its existing seven regional senior leadership teams into three divisional tea…

HHS putting $49 million toward increased healthcare coverage for children

The administration made a push to expand healthcare coverage for young people this week when the U.S. Department of Health and Human Services, through the Centers for Medicare and Medicaid Services, awarded $49 million to organizations trying to reduce…

Elevance Health, formerly Anthem, sees $1.7B in profit in Q2

Elevance Health, formerly known as Anthem, logged a $1.7 billion profit during the second quarter of this year, and while that’s down almost 8% compared to Q2 2021, revenues for the quarter were up, which the company attributes to increased enrollment….

PhRMA funds clinical trial initiative to achieve greater diversity

The Pharmaceutical Research and Manufacturers of America is funding a clinical trial initiative to enhance diversity, which has been an ongoing problem in the development of new drugs.
The initial $10 million grant will fund an 18-month pilot at ten co…

Clover Health expanding Medicare Advantage footprint to new counties, states

Clover Health has become the latest insurer to expand its Medicare Advantage footprint, and will push into 13 new counties across three states in 2023: Georgia, South Carolina and Tennessee.
Subject to approval from the Centers for Medicare and Medicai…

Clinicians issue recommendations for responding to a mass shootings

Clinicians from states affected by mass shootings convened at a consensus conference last fall to discuss an appropriate response to such events, and have just released a number of recommendations they hope will facilitate a better response to mass sho…

2.7% payment increase not enough to offset labor and supplies, AHA says 

The American Hospital Association is disappointed with the federal government’s 2.7% payment increase for outpatient care, given continued financial challenges.

Texas sues HHS over emergency abortion access

The State of Texas has sued the Department of Health and Human Services over its mandate is

HHS orders additional 2.5 million doses of monkeypox vaccine

The federal government has ordered another 2.5 million doses of Bavarian Nordic’s JYNNEOS vaccine to respond to the current monkeypox outbreak. This follows a July 1 order for 2.5 million doses that will begin arriving in the Strategic National Stockpi…

UnitedHealthcare eliminating out-of-pocket costs for insulin, other drugs

On the heels of a strong financial quarter in Q2, UnitedHealthcare has said it will eliminate out-of-pocket costs for insulin and other medications for eligible members, offering a zero cost share for five drugs in its fully insured group plans.
Pendin…