The Centers for Medicare and Medicaid Services has issued a final rule updating Medicare payment policies and rates for skilled nursing facilities under the Skilled Nursing Facility Prospective Payment System for fiscal year 2025, resulting in a net in…
Health insurer Humana pulled in $679 million in profit and $29.5 billion in revenue in the second quarter, bringing profit and revenue for the first half of the year to $1.4 billion and $59.2 billion, respectively, according to its Q2 earnings results.
Hospitals and health systems ended the second quarter with margins stabilizing, but high costs continue to pressure operations heading into the second half of the year, according to Strata’s Monthly Healthcare Industry Financial Benchmarks report.
The …
Cleveland Clinic has appointed its first Chief Artificial Intelligence Officer to direct the use of AI across the health system.
Dr. Ben Shahshahani will serve as vice president, chief artificial intelligence officer starting on August 12. He will repo…
Rolling back enhanced subsidies for Affordable Care Act plans would probably lead to a significant uptick in premium payments, as these subsidies have been instrumental in fueling enrollment growth, according to a new KFF analysis.
The national average bid amount for Part D plans will increase from $64.28 in 2024 to $179.45 in 2025, according to information released Monday by the Centers for Medicare and Medicaid Services.
The increase is due to government subsidies changing from…
Chicago’s St. Bernard Hospital opened its nonprofit Center for Better Aging last week, which began providing healthcare services for older adults on the South Side.
The Center for Better Aging, according to the hospital, is dedicated to achieving equit…
Congresswoman Pramila Jayapal, D-WA, and Senator Edward J. Markey (D-MA) have introduced the Health Over Wealth Act, legislation that would require greater transparency for private equity firms and for-profit companies that own healthcare entities, inc…
Optum is laying off 524 employees in California jobs, according to a required filing in that state through the Worker Adjustment and Retraining Notification (WARN) Act.
Optum submitted the list of layoffs and permanent closures on July 18.
There are 2…
Centene’s second-quarter earnings report brought good financial news for the insurer as it posted $1.1 billion in profit and $39.8 billion revenue, both improvements over the $1.05 billion in profit and $37.6 billion revenue it logged in Q2 2023.
