Category: Healthcare Finance News

Highmark pulls in $14.7B in revenue during first 6 months

Highmark Health pulled in $14.7 billion in revenue, an operating gain of $307 million, and net income of $417 million during the first six months of this year – performance the company largely attributed to its insurance businesses.
Those business unit…

AHA wants J&J to face monetary penalties in 340B plan

The American Hospital Association wants the Health Resources and Services Administration to levy monetary penalties against Johnson & Johnson if the drug company continues with its plan to give 340B hospitals rebates instead of upfront payments.
 

Philanthropist donates $120 million to UCLA for new research center

UCLA has received a $120 million commitment from surgeon, inventor and philanthropist Dr. Gary Michelson and his wife, Alya, to kick-start the California Institute for Immunology and Immunotherapy, a public-private partnership aimed at spurring breakth…

Philanthropist donates $120 million to UCLA for new research center

UCLA has received a $120 million commitment from surgeon, inventor and philanthropist Dr. Gary Michelson and his wife, Alya, to kick-start the California Institute for Immunology and Immunotherapy, a public-private partnership aimed at spurring breakth…

McLaren operations restored after August cyberattack

Michigan-based McLaren Health Care’s information technology platforms have been restored following a cyberattack that occurred earlier this month, with the restoration completed ahead of schedule, officials said. Administrative functions are now fully …

Patients see narrow networks in ACA marketplace plans, KFF finds

On average, Affordable Care Act marketplace enrollees had access to 40% of the doctors near their home through their plan’s network, with considerable variation around the average, according to a new KFF analysis.

HHS appeals hospital website tracking ruling

The U.S. Department of Health and Human Services has appealed a court ruling, handed down in June, that blocked the agency’s ability to prohibit hospital websites from using consumer-tracking technology.

White House to award $100 million to healthcare Navigators

The White House, in an election year push, awarded a new round of $100 million to organizations deemed “vital” to helping underserved communities, consumers, and small businesses enroll in Affordable Care Act marketplace coverage.
The Centers for Medic…

State AGs greenlight Northwell, Nuvance merger

Attorneys general from Connecticut and New York have given their blessing to a 28-hospital merger proposed by Northwell Health and Nuvance Health that would establish a roughly $18 billion integrated health system.

Racial disparities still affecting maternal health, data shows

Disparities persist in maternal health, with the new 2024 Maternal and Infant Health Disparities Data Brief from the United Health Foundation showing that in 2020, severe maternal morbidity was twice as high among Black mothers than white mothers.
The …