Category: Healthcare Finance News

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 …

CVS to close 900 stores over three-year period

The nation’s largest pharmacy chain CVS plans to close 900 stores nationwide in the next three years as it restructures itself to offer more health services in the remaining locations.
CVS Health will create three new distinct store formats aimed at dr…

CVS to close 900 stores over three-year period

The nation’s largest pharmacy chain CVS plans to close 900 stores nationwide in the next three years as it restructures itself to offer more health services in the remaining locations.
CVS Health will create three new distinct store formats aimed at dr…

FDA authorizes booster dose of Moderna and Pfizer vaccines for all adults

FDA has determined that the benefits of a single booster dose outweigh the risks and provides continued protection against COVID-19.

Telehealth viewed as barrier to monitoring at-risk drug use patients, study finds

Despite the rapid adoption and expansion of telehealth, a majority of physicians view the technology as a barrier to monitoring patients at risk for drug misuse.
 

Biden Administration secures 10 million courses of Pfizer’s COVID-19 oral antiviral medicine

The Biden White House said today that, at a cost of more than $5 billion, it has secured 10 million treatment courses of Pfizer’s COVID-19 oral antiviral drug, contingent on emergency use authorization or approval from the U.S. Food and Drug Administra…

Highmark Health President and CEO David Holmberg named chair of AHIP board

AHIP’s Board of Directors has elected HighMark Health President and CEO David Holmberg its new board chair, effective January 1, 2022. Holmberg will take the helm from Bruce Broussard, president and CEO of Humana, who is serving as AHIP Board Chair thr…

Biden Administration is requiring insurers, health plans to report on prescription drug costs

In an interim final rule, the Biden Administration is now requiring private insurers to report prescription drug costs, as well as key data, to the Departments of Health and Human Services, Labor and Treasury.
It’s the fourth rule in a series that the …

Americans brace for a fifth wave of the pandemic this winter

COVID-19 cases on the rise again heading into the colder months and people gathering indoors, causing fear over a fifth wave of the pandemic.
The fears are valid, according to Bloomberg School of Public Health experts.
“The possibility of a winter surg…