Category: Healthcare Finance News

TeamHealth wins lawsuit against UnitedHealth

Tennessee-based TeamHealth Holdings has won a lawsuit against UnitedHealthcare, which alleged the insurer’s shared savings plan encouraged the underpayment or termination of physician contracts. The suit claimed UHC underpaid on 11,000 claims for a tot…

Supreme Court to hear 340B drug discount arguments today

The Supreme Court is scheduled to hear arguments today in the case involving 340B payments for hospitals’ outpatient drugs.

COVID-19 vaccine protection wanes with time, strengthening case for boosters

Protection against COVID-19 infection following inoculation from the Pfizer/BioNTech vaccine begins to gradually wane over time, particularly 90 days after receiving the second dose, strengthening the case for booster shots, according to new findings p…

Value-based contracts led to better care quality, says Humana

Looking at new data published on its Medicare Advantage members, major insurer Humana found that those MA patients receiving value-based care had better outcomes overall, along with lower costs and more preventative care.

NVIDIA releases AI-based healthcare tools for hospitals, research organizations

Chipmaker NVIDIA announced the launch of FLARE (Federated Learning Application Runtime Environment), an open-source software platform offering a common computing foundation designed to improve collaboration on AI model development in healthcare.

Healthtech companies reap benefits of robust year in venture capital funding

Venture capital investment in global healthtech companies is projected to reach $42 billion by the end of the year, according to Silicon Valley Bank’s latest report, “The Future of HealthTech.”
The first three quarters of 2021 closed with what SVB call…

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.