Category: Healthcare Finance News

Aetna president to take helm of CVS Health as CEO Larry Merlo steps down next year

Larry Merlo is retiring as president and CEO of CVS Health in spring 2021.
Aetna President Karen S. Lynch has been named CVS’s next president and CEO. 

Payer Notebook: AHIP takes issue with proposed rule on coverage for FDA-approved breakthrough devices

UnitedHealth Group has announced a living donor program to give $12,000 to individuals who provide organs to one of its employees.

Brigham and Women’s uses crowdsourcing tech to take aim at everyday problems

Group of masked people holding salad bowls.
The Boston health system’s Digital Innovation Hub has spearheaded a new way to get all staff to contribute ideas. Many of those ideas are already in play and proving successful.

Provider Notebook: American Medical Association reacts to ‘ongoing attacks on physicians’

Close to 6% increase in Medicaid and CHIP enrollment since public health emergency began.

Providence Little Company of Mary Medical Center Torrance joins initiative to improve infant and maternal health outcomes

The infant mortality rate in Los Angeles County is more than three times higher for Black babies than white babies.

The average cost of hospital care for COVID-19 ranges from $51,000 to $78,000, based on age

When factoring in the length of stay, the average hospital charge increased the longer patients were there and they continued to vary by age group. 

Automating revenue cycle on the back end improves patient engagement on the front

For one health system, robotic process automation equates to about 27,000 hours in a month saved, which correlates to around $500,000.

Automated revenue cycle manager, TRISH, identifies and corrects errors

When health systems have their staff manage revenue cycles, up to 25% of the day can be spent on repetitive tasks related to the revenue process.

Hospital margin increases offset by expenses and uncertain future as COVID-19 and flu season collide

Higher revenues through September were offset by rising expenses of 3.5% year-over-year, according to Kaufman Hall report.

Aetna, city of New Haven hit with OCR fines after data breach

Aetna office
The fines are the latest effort on OCR’s part to enforce HIPAA regulations around protected health information.