Category: Healthcare Finance News

Yale New Haven Health data breach affects 5 million people

Yale New Haven Health has reported that a March data breach affected more than 5 million people. The health system said 5,556,702 people were impacted by the cyberattack in a report to the Health and Human Services’ Office for Civil Rights’ data breach…

Blue Shield California unknowingly shared private health information with Google

Blue Shield of California has sent notices out to its members warning that it may have unwittingly shared the protected health information of 4.7 million people with Google over a three-year period.

NIH to integrate patient data for autism study

The National Institutes of Health is launching an initiative to integrate patient medical record data for researchers to study the factors influencing autism, according to remarks given by NIH Director Dr. Jay Bhattacharya on April 21 in a Council of C…

AHA backs bill revising reimbursement for long-term care

The American Hospital Association is throwing its support behind a house bill that seeks to revise reimbursement rates for long-term care hospitals.

UVA Health Children’s expanding neonatal intensive care unit

UVA Health Children’s in Charlottesville, Virginia is expanding its neonatal intensive care unit, nearly doubling the number of beds due to a rising need for newborn care in the area.

Walgreens to pay up to $350 million to settle opioid complaint

Walgreens Boots Alliance has agreed to pay up to $350 million to resolve allegations that its pharmacies filled millions of invalid prescriptions for opioids and other controlled substances.
The Department of Justice claims that Walgreens sought paymen…

Arkansas governor backs bill to ban PBMs from owning pharmacies

Arkansas Governor Sarah Huckabee Sanders has advanced legislation that would seek to bar pharmacy benefit managers from also owning pharmacies, claiming that PBMs are taking advantage of lax regulations.
According to Sanders, PBMs take advantage of thi…

Crozer Health to close, laying off over 2,600 employees

Prospect Medical Holdings has filed a motion to close Crozer Health and all of the outpatient facilities licensed with the Pennsylvania hospital system, according to a bankruptcy update from Delaware County Pennsylvania.

Elevance health meets expectations with $2.2B in Q1 profit

Despite elevated medical costs, Elevance Health managed to perform more or less in line with expectations in the first quarter, bringing in $2.2 billion in profit, a slight decrease from the $2.25 billion in profit reported in Q1 2024.
Revenue was up y…

Nurses decry potential HHS funding cuts

The American Nurses Association has expressed concerns over a leaked draft of the Trump administration’s proposed budget for fiscal year 2026, saying cuts to federal nursing research and workforce development would hamper the national healthcare system…