A federal lawmaker investigating pharmacy benefit managers is accusing top executives from CVS Health, Cigna Group and UnitedHealth Group of making false statements during a committee hearing in July.
Category: Static
UPMC posts $313M operating loss in 1st half of 2024
Pittsburgh-based UPMC posted an operating loss of $313 million (-2.2% margin) in the first half of 2024, down from a $15 million operating income (0.1% margin) reported in the first half of 2023, according to the system’s Aug. 29 financial report.
UPMC Enterprises portfolio companies thrive
UPMC Enterprises’ portfolio companies have made big moves so far in 2024.
Opinion: Why We Must Learn from the Peak 65 Zone, Or Break American Healthcare
If 2024 is the year you turn 65, you’re not alone. Research suggests that 2024 marks the beginning of the “Peak 65 Zone,” with more Americans turning 65 this year than at any other time in history.
The peer-to-peer advice health system CEOs seek
When it comes to tackling hospital leadership challenges such as staffing, finances, regulatory issues and growing payer-space complexity, CEOs often rely on advice from peers and former CEOs.
Virginia Tech plans to double medical school enrollment
With 196 students, Virginia Tech has one of the smallest medical schools in the U.S. By 2028, the Blacksburg, Va.-based university plans to increase enrollment to 400, Cardinal News reported Aug. 29.
Texas heart hospital kicks off $60M expansion
Dallas-based Medical City Heart Hospital has begun construction on a $60 million expansion.
Cyberattack forced Michigan hospital to use paper records for 1st time in 20 years, CEO says
McLaren Port Huron Hospital was forced to use paper records for the first time in nearly two decades after a recent cyberattack, President and CEO Eric Cecava told the Port Huron Times Herald in an Aug. 28 article.
UPMC Somerset president to lead 3 hospitals
Andrew Rush, president of UPMC Somerset (Pa.), will also lead UPMC East in Monroeville, Pa., and UPMC McKeesport, according to an Aug. 28 news release shared with Becker’s.
Former Kaleida surgery chief files whistleblower lawsuit
Kaleida Health’s former chief of surgery has accused the Buffalo, N.Y.-based system of harassing and punishing him for reporting patient safety concerns and professional misconduct, according to court documents obtained by Becker’s.
