Category: Healthcare Finance News

University of Kansas Health System acquires Missouri hospital

For an undisclosed sum, The University of Kansas Health System has acquired Liberty Hospital in Liberty, Missouri, the health system’s first expansion into that state, with the definitive agreement signed this week.
Liberty Hospital’s decision to becom…

CDC: Hospitals no longer required to report COVID-19 data

Beginning Wednesday, hospitals are no longer required to report COVID-19 hospital admissions, hospital capacity, or hospital occupancy data to the Department of Health and Human Services, according to the Centers for Disease Control and Prevention.

Cigna reports $277 net loss amid VillageMD Clinic asset decrease

Cigna reported a $277 million net loss during its Q1 earnings call on Thursday. This compares with profits of $1.27 billion a year earlier. 
  
The loss is driven by a non-cash after-tax net realized investment loss of $1.8 billion, primarily related t…

HHS strengthens disability discrimination protections

A new rule prohibiting discrimination on the basis of disability has been finalized by the Department of Health and Human Services, through its Office of Civil Rights, and seeks to advance equity and boost protections for people with disabilities under…

More Medicare enrollees are choosing supplement plans, data shows

The share of fee-for-service Medicare enrollees choosing a Medicare Supplement plan rose to 41.4% in 2022, increasing for the fifth consecutive year, according to findings from a new AHIP report.
The new report describes the various types of Medicare S…

Hospitals improve their patient experience and infection scores  

New Leapfrog Group findings show patient perspectives on hospital care indicate significant signs of improvement since the fall 2023 Safety Grades.
The spring 2024 Hospital Safety Grades show preventable healthcare-associated infections have decreased …

UnitedHealth Group CEO Andrew Witty grilled on Change cyberattack

House subcommittee members slammed UnitedHealth Group CEO Andrew Witty for the Change Healthcare cyberattack that left providers without claims revenue and scrambling to stay afloat financially and constituents without their prescriptions.
Witty opened…

CVS acquires Medicare Advantage broker Hella Health

CVS Health has acquired New York-based Medicare Advantage broker Hella Health for an undisclosed sum, according to a LinkedIn post by Hella Health founder and CEO Rafal Walkiewicz.

CVS reports $900M cost, lower projections due in large part to high Medicare Advantage utilization

Healthcare benefits medical costs, primarily due to higher-than-expected Medicare Advantage utilization, came in approximately $900 million above expectations, according to CVS Health CFO Tom Cowhey speaking during the company’s Q1 earnings call on Wed…

Administration finalizes protections for LGBTQ+ youth

he Department of Health and Human Services has finalized a rule shoring up protections for youth in foster care by clarifying how states should meet their statutory requirements to appropriately serve LGBTQI+ children.