The Latest
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Deep DiveWill more employers get off the healthcare bench in 2020?
"At the end of the day, employers have to put their hands on the steering wheel as purchasers of healthcare," Suzanne Delbanco, executive director of Catalyst for Payment Reform, said.
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Hospital-run Civica Rx to develop drugs in house
The seven-year partnership with Thermo Fisher will initially focus on nine critical medicines vulnerable to supply chain interruptions.
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Robotic surgeries surge to 15% of all procedures, despite limited evidence
Robot-assisted procedures jumped from 1.8% of all general surgeries in 2012 to 15.1% in 2018. Closer monitoring is needed to ensure clinical benefits and safety are prioritized, researchers said.
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Trump admin releases 5-year health IT roadmap as industry waits for interoperability update
The report will not impact long-awaited rules promoting interoperability in healthcare, which HHS plans to release early this year.
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CMS rejects Wyoming's bid to expand Medicaid to regulate air ambulances
The agency said the proposal was in conflict with existing federal law and failed to advance the core objective for the program.
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Racial and ethnic disparities in care narrowed under ACA, Commonwealth Fund says
Previous progress in lowering the uninsured rate stalled after 2016.
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CVS, Cigna execs tell JPM20 they're ready for a contentious election year
The payer officials took to the stage at the annual investor conference in San Francisco, speaking on the future of M&A and reflecting on what's sure to be a year focused on policy and politics.
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UnitedHealth reports nearly $14B in 2019 profit
The company beat forecasts on Q4 earnings, though revenues of $60.9 billion were slightly lower than Wall Street expectations.
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JPM20: Tenet outlines plans to 'aggressively' scale outpatient surgery unit
The hospital operator expects to pare down its hospital portfolio and allocate at least $175 million each year to buy ambulatory surgery centers throughout the country.
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LabCorp, Quest push for M&A-driven growth despite difficulties closing deals
"It’s still a very fragmented marketplace. There’s plenty of opportunity for us to consolidate it," Quest CEO Steve Rusckowski said.
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Burnout generation gap: Gen X healthcare workers fare worse than millennials, boomers
Among all generations, bureaucratic tasks including charts and paperwork were cited most frequently as a factor for professional dissatisfaction and burnout, followed by long hours.
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Nationwide Children's, a gene therapy leader, launches manufacturing spinout
Andelyn Biosciences, named after two children treated with gene therapy at Nationwide, will operate as a for-profit subsidiary of the Ohio-based hospital.
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JPM20: Rivals Molina, Centene pitch investors on organic growth
"I'll repeat this countless numbers of times this afternoon: Our first priority is to grow the business organically. It is the most efficient use of capital," Molina CEO Joseph Zubretsky said as the annual investor conference kicked off.
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Cigna links up with upstart Oscar for small business health insurance
New York City-based Oscar has won some praise for customer service, but also criticism for small provider networks.
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Teladoc acquires provider telehealth company InTouch for $600M
Teladoc, which expects to report revenues of $552 million in the 2019 fiscal year, saw its stock climb almost 8% in morning trading Monday on the news.
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AHA files another challenge to CMS site neutral payment policy
The same court ruled in favor of hospitals in September, but later determined it could not keep CMS from attempting the policy again for 2020.
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Health IT to lead 2020 deals as hospital activity slows, KPMG says
Just under 40% of investors say the overall sector is at or nearing a bubble, down from about half of respondents last year, according to the new report.
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Supreme Court to take on PBM rate regulation
A federal appeals court previously ruled in favor of pharmacy benefit managers, finding federal law preempts states from regulating their rates.
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A biotech startup launches with unusual goal: invent new drugs, and sell them for less
Founded by venture capitalist Alexis Borisy, EQRx will launch with $200 million in funding to prove out a vision as daunting as it is ambitious.
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Dignity Health loses appeal of Medicaid out-of-network billing case
The hospital operator said it may try to take the case against L.A. Care, the largest public Medicaid managed care plan in the country, to the California Supreme Court.
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CVS, Mayo, Tenet among healthcare companies to watch at #JPM20
As many as 9,000 attendees across 450 public and private companies are expected to make an appearance in San Francisco at one of the most influential conferences of the year.
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Opponents to Supreme Court: No rush to take pivotal ACA case
The Trump administration argues recent decisions removed "any exigency" for the high court to immediately take the case that could upend the landmark law.
UPDATED: Jan. 14, 2020 at 10:06 a.m. -
The government recovered $3B in fraud last year. Nearly 90% was from healthcare
It marks the 10th consecutive year the DOJ has recouped more than $2 billion from False Claims Act settlements and judgments for HHS.
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Kansas to become 37th state to expand Medicaid under ACA
Kansas joins a flurry of Republican-leaning states that have either expanded the program through their legislatures or via voter initiative, including Utah, Idaho and Nebraska.
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Alphabet snaps up 2nd ex-ONC head for life sciences team
Vindell Washington is the latest in Alphabet's ongoing campaign to hire top healthcare talent as the Google parent company doubles down on the industry.
