Category: Healthcare Finance News

FDA tells providers to prepare for supply chain disruptions

Healthcare providers can expect supply chain disruptions during the current hurricane season – which runs from June through November – and the Food and Drug Administration is advising them to make the necessary preparations.

Surescripts is being designated a hub for data exchange under QUIN

Surescripts is in the process of being designated a Qualified Health Information Network under the Trusted Exchange Framework and Common Agreement (TEFCA), according to the company’s director of product marketing Terry Douglas.
Surescripts will be desi…

AMA adopts new prior authorization reform policies

Physician and medical student leaders at the Annual Meeting of the American Medical Association House of Delegates have approved policies aimed at fighting for greater insurer accountability and transparency regarding prior authorization requirements –…

HIMSSCast: A single source of truth for provider data nationwide

Anshul Rathi, founder and CEO of CertifyOS is an engineer by background who became one of Oscar Health’s earliest employees, working to build their provider network management function.
This is for payers, who are responsible for supplying members with…

BARDA awards $500M for Project NextGen vaccine trials

The Biomedical Advanced Research and Development Authority (BARDA) is setting aside up to $500 million in Project NextGen funding to plan and execute multiple Phase 2b clinical trials evaluating novel vaccines administered as a nasal spray or as a pill…

Ascension restores its EHR system hospital-wide after ransomware attack

The Ascension ransomware attacker was able to gain access to its systems by a worker who accidentally downloaded a malicious file believed to be legitimate, according to the health system. 

CMS is recalculating 2024 Medicare Advantage Star Ratings

Based on two lawsuits in favor of insurers, the Centers for Medicare and Medicaid Services is recalculating the 2024 Medicare Advantage Star Ratings for quality bonus payment purposes.
CMS made the announcement on Thursday.

Senators debut legislation introducing penalties for healthcare ‘looters’

U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.), both progressive members of the Senate, have introduced legislation they say is intended to root out corporate greed and private equity abuse in the healthcare system.

Optum seeks to make inroads on durable medical equipment

Optum is debuting an offering it hopes will streamline the process for patients seeking durable medical equipment, speeding delivery of DME while making headway on health outcomes and cost reduction.
The UnitedHealth Group subsidiary said its new DME N…

Hospital spending is projected to grow 5.7% a year

Over the next eight years, hospital spending is expected to grow at an average rate of 5.7% a year, according to 2023-2032 National Health Expenditure Projections released by the Centers for Medicare and Medicaid Services.
In 2023, hospital spending gr…