Category: Healthcare Finance News

Johns Hopkins to lay off over 200 after federal grant funding cuts

Johns Hopkins is laying off 237 people in Baltimore, according to two Work Adjustment and Retraining Notification notices filed in Maryland on March 13.
The layoffs include 107 staffers at the Johns Hopkins University, Bloomberg School of Public Health…

Instacart embracing AI in push for nutrition

Artificial intelligence is permeating healthcare in a number of different ways, even affecting the food we choose. Grocery technology company Instacart has announced new AI-powered features for users to make healthy food choices.

HCSC acquires Cigna’s Medicare Advantage, CareAllies businesses

Health Care Service Corporation (HCSC) has completed its acquisition of Cigna’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses, in a deal that was originally announced over a year ago.
At the time the sale…

Optum Rx announces a reduction in drug prior authorization

Optum Rx has announced it will drop prior authorization for an estimated 80 drugs starting May 1. 
The program targets reauthorizations of drugs. For instance, once a genetic condition such as cystic fibrosis is confirmed through testing, there is mini…

Hazel Hawkins discovers ransomware threat is a hoax

Hazel Hawkins Memorial Hospital (HHMH) recently thought it was the victim of a ransomware demand, but it turns out the incident was actually an elaborate social engineering hoax.
Earlier this month, the hospital received correspondence implying that an…

DispatchHealth, Medically Home merge into single home healthcare provider

DispatchHealth and Medically Home have entered into a definitive agreement to merge, creating a single provider of medical care at home.
Once the deal closes, Medically Home will become part of DispatchHealth. The combined entity will extend care into …

Ransomware developer who targeted healthcare extradited to U.S.

A dual Russian and Israeli national was extradited to the United States on charges that he was a developer of the LockBit ransomware group, according to the U.S. Department of Justice.

Proposed Indiana hospital merger gets FTC pushback

The Federal Trade Commission on Monday again urged the Indiana Department of Health to deny the application for Union Hospital and Terre Haute Regional Hospital in Indiana to merge.
This is the second attempt by Union Health, which includes Union Hospi…

HHS layoffs reversed temporarily by federal judge

A federal judge in Baltimore has instructed the Trump administration to temporarily reinstate probationary employees at several agencies who had been terminated during Trump’s efforts to pare down the federal government workforce.

Dr. Oz makes no commitment to not cut Medicaid

In a Senate Finance Committee confirmation hearing Friday to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz would make no commitment to not cut Medicaid.
Senate Finance Committee Ranking Member Ron Wyden, D-Oregon, asked the CMS nom…