Citing lower retail sales, Walgreens said it has lost $265 million in its first fiscal quarter, which ended November 30 – a sharp decline
Category: Healthcare Finance News
Duke Health and Abridge partner on AI for clinical documentation
Duke Health is the latest health system to partner with Abridge on generative AI for clinical documentation.
Duke Health, headquartered in North Carolina, and Abridge signed an enterprise-wide agreement in late December to deploy the AI platform to 5,0…
Cincinnati Children’s undergoing $365 million expansion
Cincinnati Children’s Hospital plans a major expansion at its Liberty Campus, which will double inpatient capacity and add surgical operating rooms as part of a $365 million project.
The project will also include construction of a large medical office …
Blue Cross Blue Shield of California appoints first female CEO
Blue Shield of California is undergoing a corporate restructuring, and as part of that effort has tapped Lois Quam to serve as its new chief executive officer. Quam, who joined the company in 2024, becomes the first woman in the health plan’s 86-year h…
Record-setting enrollment for Affordable Care Act coverage
The Centers for Medicare and Medicaid Services reports that close to 24 million people have selected a health plan for 2025 during the Affordable Care Act open enrollment period.
H1 acquires data management company Ribbon Health
Healthcare technology company H1 has acquired data management software company Ribbon Health for an undisclosed sum with a mix of cash and stock, the company said this week.
Ribbon’s platform facilitates how patients find the right doctor across digita…
Transcarent to acquire Accolade for $621 million
Transcarent, an employee healthcare navigation company, has entered into a definitive agreement to acquire health benefits platform Accolade for about $621 million, or $7.03 per share in cash.
The Boards of Directors of both companies unanimously appro…
Senate report slams private equity’s ownership of hospitals
A bipartisan Senate report on private equity ownership of two health systems shows PE investment puts a priority of profit over patient health and hospitals finances.
CFPB to remove medical debt from credit reports
Under a new rule finalized this week by the Consumer Financial Protection Bureau, medical bills will no longer be included on credit reports, a move the CFPB expects will remove an estimated $49 billion in medical bills from the credit reports of about…
14 states to participate in maternal health model
The Centers for Medicare and Medicaid Services kicked off its Transforming Mental Health (TMaH) Model at the beginning of the year, and this week announced the 14 states that will be participating in the 10-year model.
