Category: ROOT

FDA approves most expensive drug on market

The FDA approved a hemophilia B drug with a list price of $3.5 million — which could save the healthcare system millions per patient according to drug maker CSL Behring.

Health system that filed for bankruptcy inks deal to sell 2 Chicago hospitals

El Segundo, Calif.-based Pipeline Health System, which filed for Chapter 11 bankruptcy in October, has agreed to sell two Chicago hospitals to Princeton, N.J.-based Ramco Healthcare Holdings and Resilience Healthcare.

White House renews COVID-19 vaccination push: 3 updates

The White House aims to reinvigorate national COVID-19 vaccination efforts through a six-week campaign announced Nov. 22. 

Where states stand on telehealth parity

As telehealth use expanded during the COVID-19 pandemic, many states passed laws requiring payers to reimburse providers at the same rate as in-person visits. But not all of them.

WHO lands on new name for monkeypox

The World Health Organization will rename monkeypox “MPOX” in an effort to destigmatize the virus amid growing pressure from senior Biden administration officials, Politico reported Nov. 22. The name change could be announced as early as Nov. 22. 

Illinois court dismisses Blessing Health System’s attempt to halt hospital project

An Illinois court has dismissed Blessing Health System’s attempt to halt Quincy (Ill.) Medical Group’s QMG Hospital and QMG Birth Center, which were granted certificate of need applications April 24 by the Illinois Health Facilities and Services Review…

5 hospitals, health systems cutting services

The following service cuts by hospitals and health systems have been reported by Becker’s since Oct. 25: 

UPMC revenue hits $18.9B, but operating income dips 75.5%: 5 notes

UPMC posted higher revenue in the first nine months of the year than in the same period in 2021, but the Pittsburgh-based health system’s operating income declined significantly year over year, according to financial documents released Nov. 22. 

6 hospitals, health systems adding services

The following service additions at hospitals and health systems have been reported by Becker’s since Oct. 27: 

California regulators, creditors agree to non-binding mediation in clinic chain’s bankruptcy case

Borrego Health officials, California regulators and creditors have agreed to non-binding mediation in the federally qualified health center’s bankruptcy case, the San Diego Union-Tribune reported Nov. 11.