The Latest
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BJC HealthCare, Saint Luke’s Health System plan to merge, forming $10B system
The organizations signed a non-binding agreement to form a 28-hospital system serving patients in Missouri, Kansas and Illinois.
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Sponsored by Vituity
Hospitals in 2035: digital investments that will stick
Equipping hospitals with strategies to use technological advancements in healthcare.
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Bayer launches precision health unit in latest digital health venture
The pharma company said it will work with startups and other digital health companies as well as add to its own capabilities as it builds out the consumer-focused business unit.
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Q&A
Serial biotech founder Tim Springer on investing in startups and democratizing antibody research
Springer, who became a billionaire after investing in Moderna, spoke after gifting $210 million to his nonprofit institute in Boston.
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FDA hits iRhythm with warning letter over problems at heart monitor facility
IRhythm can continue to manufacture and sell its products and does not expect the warning letter to materially affect its financial results.
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Biden admin officially ends COVID vaccine mandate for health workers
The CMS on Wednesday issued a final rule lifting the controversial vaccine mandate in early August, though regulators said they wouldn’t enforce the mandate between now and then.
Updated June 1, 2023 -
Oak Street, post CVS acquisition, plans to enter 4 new states
Oak Street Health, which was acquired by CVS in May, plans to enter Arkansas, Iowa, Kansas and Virginia this summer.
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Healthcare costs top $31,000 for family of 4 in 2023
After declining briefly in 2020, family healthcare costs are rising as the industry faces an uncertain macroeconomic environment.
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Tracker // Overturning of Roe v. Wade
Tracking state abortion bans in the US
The Oklahoma Supreme Court on Wednesday ruled that two abortion bans enacted last year were unconstitutional. However, a 1910 near-total abortion ban remains in effect in the state.
Updated June 1, 2023 -
Medicaid redeterminations
Medicaid changes, end of COVID emergency hampered hospital margins in April
Inflation and high expenses are placing a burden on hospitals as they recover from COVID-19 challenges. Hospital labor expenses rose 3% in April from March, according to Kaufman Hall.
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Asher Heimermann. Retrieved from Wikimedia Commons.
Advocate Health reports 0.1% operating margin in inaugural Q1 earnings
The nonprofit giant formed in December barely made it into the black, after revenue of $7.54 billion squeaked past expenses of $7.53 billion.
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Members’ satisfaction with commercial health plans declines
A J.D. Power study found overall satisfaction with commercial health plans fell, with sicker members less likely to receive outreach and care coordination.
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The image by Jeffrey Beall is licensed under CC BY-SA 3.0
Kaiser pledges $10M to safety-net hospital to stem ‘unprecedented financial challenges’
Denver Health — the largest provider of care for uninsured people in the city — has struggled with rising costs and a surge in sicker patients.
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Retrieved from Committee for Recognition of Nursing Achievement on April 26, 2022Tracker
Tracking healthcare worker strikes
Nurses at Ascension Seton Medical Center Austin in Texas voted May 31 and June 1 to authorize a one-day strike, according to the National Nurses Organizing Committee within National Nurses United.
Updated 14 hours ago -
Healthcare provisions of the debt limit deal: COVID-19 funding clawbacks, no Medicaid work requirements
Congressional Republicans and the White House reached a deal over the weekend to raise the debt ceiling that includes healthcare policy wins for both sides of the aisle.
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Physician compensation rose but was eclipsed by inflation, MGMA survey finds
Although hampered by a 7% increase in inflation, advanced practice providers saw the biggest change in median total pay compared to pre-pandemic levels.
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Photo by Sarah Chai from Pexels
Postpartum people could lose coverage amid Medicaid redeterminations
People in some states could lose postpartum coverage 60 days after giving birth, even though health risks from pregnancy can continue for months, according to a new report from KFF.
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Persistent expenses drove Ascension to $1.8B operating loss
Improving volumes, especially outpatient surgeries and emergency room visits, failed to outpace growing expenses in the nine-month period.
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CVS could lose up to $1B next year from MA star ratings drop
Just 21% of CVS’ MA members are currently in plans with a star rating of at least four, down from 87% at the end of 2021, the payer disclosed.
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Walgreens laying off 10% of corporate workforce
The cuts, affecting more than 500 employees, come as the pharmacy chain expands in consumer-focused care delivery.
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Medicaid redeterminations
Two-thirds of Medicaid enrollees unaware of redeterminations, survey finds
The KFF survey found many enrollees weren’t sure whether states are now allowed to remove people from the program, and 27% wouldn’t know where to look for coverage if they were ineligible for Medicaid.
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Opinion
Securing mergers and acquisitions in healthcare
Netskope’s Damian Chung outlines how healthcare organizations can avoid cyber risks when executing acquisitions or partnerships.
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EHR purchasing in 2022 led by small organizations, migrations, Klas says
Epic continues to be the EHR market leader, covering 36% of acute care hospitals in the U.S. and 48% of beds, according to a new report.
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Cleveland Clinic outpaced expense growth to return to profitability in Q1
The health system noted that growing expenses are still a concern, with labor costs like overtime increasing.
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US projected to hit record-low uninsurance rate this year
But as federal aid expires, lower-income Americans — who saw the largest insurance gains during the pandemic — will likely be affected the most, according to experts.
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AHIP chief executive to step down in October
Matt Eyles will depart after serving nearly five years as CEO of AHIP. The organization is launching a nationwide search for his replacement.