Health system executives plan to invest in artificial intelligence, automation and managed services to improve revenue cycle performance over the next year, according to a new Guidehouse analysis.
Category: Healthcare Finance News
Rite Aid comes out of Chapter 11 bankruptcy
The Rite Aid Corporation said it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, cutting about $2 billion worth of total debt and adding $2.5 billion in exit financing.
The company said it would now have a…
Finance execs are focused on cutting costs through technology
Healthcare finance leaders are increasingly focused on cutting costs, with 38% identifying it as their top priority, according to U.S. Bank’s latest CFO Insights Healthcare Report.
Artificial intelligence has emerged as a critical area of investment, w…
Large PBMs control 70% of the market, report finds
Newly published data suggests low competition among middling players in the pharmaceutical supply chain, with numbers showing that the four largest pharmacy benefit managers in the country control roughly 70% of the national market.
Evernorth making Stelara biosimilar available for $0 out-of-pocket
Evernorth Health Services, a subsidiary of Cigna, plans to have a Stelara biosimilar available for $0 out-of-pocket cost for eligible patients of its specialty pharmacy, Accredo, beginning in early 2025.
Feds’ final rules address equitable access to mental health benefits
In a push to shore up access to mental health and substance use disorder care, the departments of Labor, Health and Human Services and the Treasury have issued final rules meant to clarify protections and expand equitable access to those benefits.
PBM executives face penalties if their testimony goes uncorrected
The heads of three large pharmacy benefit managers have until tomorrow to respond to a House Committee or face perjury charges that could result in fines or even prison time, according to the letters sent by House Committee on Oversight and Accountabil…
Elevance subsidiary Wellpoint adding ACA plans in three states
Floridians looking for individual or family health plans will have new options from Elevance Health subsidiary Wellpoint during open enrollment for coverage beginning January 2025.
The company will be debuting new individual marketplace plans in three …
Henry Ford, Ascension Michigan to launch combined organization on October
Henry Ford Health and Ascension Michigan today announced plans to close their proposed joint venture on September 30 and launch their newly combined organization on October 1.
The joint venture will bring together Ascension’s southeast Michigan and Gen…
Henry Ford, Ascension Michigan to launch combined organization on October
Henry Ford Health and Ascension Michigan today announced plans to close their proposed joint venture on September 30 and launch their newly combined organization on October 1.
The joint venture will bring together Ascension’s southeast Michigan and Gen…
