Category: Healthcare Finance News

University of California Irvine receives $30 million gift to construct a medical innovation building

Supported by a $30 million lead gift from the Falling Leaves Foundation, University of California Irvine will move forward with construction of a planned medical research facility on its campus, which is expected to enhance its cross-disciplinary teach…

Prime Healthcare hospitals cut ties with UnitedHealthcare, citing low reimbursement

Prime Healthcare’s New Jersey hospitals announced this week they would terminate their contracts with major insurer UnitedHealthcare, citing significant underpayment compared to the rates of neighboring facilities, and lower reimbursement rates than th…

HCA Healthcare to buy operations of 5 Utah hospitals from Steward Health Care

HCA Healthcare is acquiring the operations of five Utah hospitals from Steward Health Care, the organizations have announced.
The financial terms were not disclosed.

Pfizer says low dose of its COVID-19 vaccine works in younger children

COVID-19 cases among children are becoming more common, indicating the need for vaccines, Pfizer CEO said. 
 

CDC spending more than $2 billion on infection control and prevention efforts

The U.S. Centers for Disease Control and Prevention has earmarked $2.1 billion from American Rescue Plan funding to improve infection control and prevention across the country — the largest federal investment of its kind to date, the agency said.

FDA advisory committee approves booster for individuals 65 and older and others at high risk for COVID-19

A Food and Drug Administration advisory committee voted unanimously on Friday to approve emergency use authorization for a Pfizer vaccine booster shot individuals 65 years and older and individuals of any age at high risk of severe COVID-19.
The booste…

CMS extends open enrollment period, launches initiatives to expand health coverage

In an effort to expand health coverage and access, the Centers for Medicare and Medicaid Services is extending regular open enrollment by 30 days, which will now run from November 1 to January 15, 2022, giving consumers more time to review and choose h…

Clover Health taps MedArrive to vaccinate its homebound MA members

The vaccination program will kick off in New Jersey. 
 

UnitedHealth, Anthem Medicare Advantage plans penalized for inadequate spending

The Centers for Medicare and Medicaid Services has blocked four Medicare Advantage plans from enrolling new members in 2022 because they didn’t spend the minimum threshold on medical benefits, with three UnitedHealthcare plans and one Anthem plan faili…

CMS won’t take enforcement action for payer-to-payer data exchange in May interoperability rule

The Centers for Medicare and Medicaid Services has announced that it will not take enforcement action against certain payers for the payer-to-payer data exchange provision of the May 2020 Interoperability and Patient Access final rule until future rule…