Category: Healthcare Finance News

Jefferson, Lehigh Valley Health Network sign definitive merger agreement

Jefferson and Lehigh Valley Health Network in Pennsylvania have signed a definitive agreement to combine, creating an integrated academic healthcare delivery system, alongside a national research university and an expanded not-for-profit health plan. 

Babyscripts, Lyft partner on maternal health transportation

Babyscripts, a virtual maternity care program for managing obstetrics, is collaborating with Lyft Healthcare to provide sponsored rides to and from doctor appointments for transportation-insecure maternity patients via Lyft Pass.
The collaboration is s…

Insurers paid hospitals 254% of what Medicare would pay in 2022

Prices paid to hospitals by employers and private insurers for both inpatient and outpatient services in 2022 averaged 254% of what Medicare would have paid, with wide variation in prices among states, according to a new RAND report.

Retail clinic failures show collaboration may work better than competition

The disruption promised by the retailization of healthcare hasn’t materialized as planned.
Walmart and Walgreens recently announced the closing of retail clinics.

Jim Rechtin to become Humana CEO on July 1

Jim Rechtin will assume the role of president and chief executive officer of Humana effective July 1, the insurer announced this week.
Rechtin joined Humana in January as part of a long-planned CEO transition. Since then, he has worked in close partner…

Medicare Advantage two-midnight rule contributing to higher outpatient revenues

The Centers for Medicare and Medicaid Services’ January expansion of the two-midnight rule to include Medicare Advantage plans has contributed to higher inpatient volumes and revenue growth in the first quarter of the year, according to a Strata Decisi…

Ascension confirms cyberattack is ransomware

Ascension has confirmed it experienced a ransomware attack that has caused disruptions to patient care in its network. 
Ascension reported the cyberattack on May 8.

Kaiser Permanente reportedly selling up to $3.5 billion in private equity funds

Kaiser Permanente plans to sell up to $3.5 billion of holdings in private-equity funds due to cash constraints, The Wall Street Journal said, citing unnamed sources.
Kaiser is reportedly working with investment bank Jefferies Financial Group to offload…

Kaiser Permanente reportedly selling up to $3.5 billion in private equity funds

Kaiser Permanente plans to sell up to $3.5 billion of holdings in private-equity funds due to cash constraints, The Wall Street Journal said, citing unnamed sources.
Kaiser is reportedly working with investment bank Jefferies Financial Group to offload…

Senators push VA to renegotiate Oracle contract

Three members of the Senate Veterans’ Affairs Committee are calling on the Department of Veterans Affairs to push for stronger accountability provisions in its ongoing contract negotiations with Oracle Health on the Electronic Health Record Modernizati…