How is the coronavirus pandemic affecting you?
Category: Healthcare Finance News
Nonprofit healthcare sector sees negative financial outlook due to COVID-19; positive outlook expected for pharma
Because there’s such a high level of uncertainty, the risk of a more severe economic impact is elevated and expenses will rise.
Scipher Medicine has developed a blood test expected to save payers billions each year
Optum Ventures has invested $25 million, joining others betting on how the company’ could show how proteins influence disease.
Retrospective denials, prior authorization may be straining hospital and patient finances
While not all insurers may be aware of it, prior authorizations can have detrimental downstream financial effects for hospitals and health systems
CMS issues recommendations on adult elective surgeries, non-essential procedures during COVID-19
Healthcare providers should encourage patients to remain home unless there is an emergency to protect others and limit their exposure.
President Trump to invoke Defense Production Act
The Department of Defense is releasing up to 2,000 ventilators and is making available up to 5 million N95 face masks from reserves.
Most health insurance enrollees don’t understand how their coverage works for COVID-19 coronavirus
At the same time, 64% say they could not afford to pay out their full annual deductible if hospitalized for treatment of the coronavirus.
Experts stress radiology preparedness for COVID-19 coronavirus
The focus of most radiology departments has shifted from diagnostic capability to preparedness as the disease continues its spread.
Prescription Drug Pricing Act would save more than $94 billion in the first decade, CBO says
The savings are due in part to strict price reporting controls on pharmaceutical companies and the continuance of drug manufacturer rebates.
Virtual health: From Camp Fire to coronavirus
Paradise Medical Group is running a virtual practice as the federal government today announced expanded access to telehealth services.
