Medical Groups: Page 7

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    Healthcare costs are going to increase by double digits again, per WTW

    While some factors are out of employers’ control, it’s up to companies to balance rising costs with budget expectations, experts said.

    By Caroline Colvin • Nov. 21, 2024
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    Providers will need to boost cyber defenses amid AI adoption: Moody’s

    AI could ease labor shortages, but health systems will need to increase cybersecurity spending to manage heightened risks, according to the credit ratings agency.

    By • Nov. 21, 2024
  • Explore the Trendline➔
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    Trendline

    Payer/provider relationships

    As M&A intensifies and companies embrace more holistic and value-based care models, partnerships have become more closely intertwined.

    By Healthcare Dive staff
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    Oak Street Health co-founder departs CVS

    Mike Pykosz, who joined CVS with its acquisition of the value-based medical chain in 2023, is departing amid a flurry of high-level ousters at the struggling company. However, Pykosz is leaving voluntarily, CVS said.

    By • Nov. 20, 2024
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    CareMax, dragged by Steward, files for bankruptcy

    CareMax was the exclusive Medicare managed service organization to Stewardship Health. Steward’s bankruptcy posed an “existential threat” that CareMax said it couldn't overcome.

    By • Updated Nov. 20, 2024
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    Cardinal Health inks 2 acquisitions worth $3.9B

    The drug distributor will buy a majority stake in gastroenterology practice management group GI Alliance and purchase Advanced Diabetes Supply Group in deals that should close in early 2025.

    By • Nov. 14, 2024
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    High labor expenses still challenging providers: report

    Medical groups' median investment in each employed physician surpassed $300,000 for the first time ever in the third quarter, according to Kaufman Hall.

    By • Nov. 13, 2024
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    Retrieved from Aerial Lens on October 10, 2024
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    Baxter to restart second IV fluid production line at hurricane-damaged site

    However, CEO Joe Almeida stressed the earliest new products could start to ship from the plant is late November.

    By Susan Kelly • Nov. 11, 2024
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    Private equity dealmaking in healthcare services falls again in Q3: PitchBook

    Still, PitchBook analysts said the PE market is poised for a turnaround.

    By • Nov. 8, 2024
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    MedPAC backs tying physician pay to inflation, but ducks specifics

    During a meeting Thursday, commissioners debated different solutions to lackluster physician pay with one theme in common: linking doctors’ annual payment update to the Medicare Economic Index.

    By • Nov. 8, 2024
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    Mario Tama via Getty Images
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    CVS appoints new Aetna head following mixed third-quarter results

    This year has been defined by an unsuccessful fight against elevated medical costs for CVS. The third quarter was no different.

    By • Nov. 6, 2024
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    Novant Health closes UCI Medical Affiliates acquisition

    The deal includes more than 70 urgent care and physical therapy clinics, which Novant said would complement its portfolio in South Carolina.

    By • Nov. 5, 2024
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    Surprise Billing

    Federal government notches rare win in surprise billing lawsuit

    Last week, the 5th Circuit Court of Appeals sided with the federal government’s original interpretation of the No Surprises Act in determining how a key metric in billing disputes is calculated.

    By • Nov. 5, 2024
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    Physicians, hospitals decry 2025 Medicare payment rates

    Physicians will see their Medicare reimbursement fall 2.9% next year if Congress doesn’t stop the cuts. Meanwhile, reimbursement for hospital outpatient departments is rising 2.9%.

    By • Nov. 4, 2024
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    CareTrust REIT to buy 31 nursing homes for $500M

    The company also said it plans to purchase four more nursing facilities in the Northeast next month for $57 million.

    By • Nov. 1, 2024
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    Walgreens to lay off over 250 people

    The decision follows a recent announcement that the pharmacy retailer plans to close 1,200 stores over the next three years.

    By Nate Delesline III • Oct. 31, 2024
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    Envision Healthcare CFO, CIO to depart

    J. Michael Bruff, formerly the finance chief at senior primary care chain ChenMed, has already taken the reins as Envision’s new chief financial officer. The firm is conducting a search for a chief information officer. 

    By • Oct. 29, 2024
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    Deep Dive // HLTH24

    AI could be a game changer, but healthcare needs to be ‘exceedingly careful’

    Artificial intelligence tools could help solve workforce challenges. Implementation, however, can be difficult, pushing organizations to consider less risky administrative and back-office tasks first.

    By • Oct. 28, 2024
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    AMA sues MultiPlan, insurers, alleging ‘cartel’ to fix physician prices

    MultiPlan, which denies the allegations, has been sued dozens of times over concerns the company is conspiring with health insurers to underpay doctors for out-of-network care.

    By • Oct. 25, 2024
  • Boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California.
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    Employees are asking about GLP-1 coverage. What should employers do?

    GLP-1 coverage needs to be holistic to ensure long-term success, experts said.

    By Caroline Colvin • Oct. 24, 2024
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    Courtesy of UnitedHealth Group
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    Change Healthcare cyberattack

    Change Healthcare data breach officially affects 100M

    The breach is the largest ever reported to a portal managed by federal regulators.

    By • Oct. 24, 2024
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    Courtesy of Walmart
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    Walmart adds pharmacy to same-day delivery

    The retail giant said it’s responding to a top request from its customers. The option is now available in six states and will expand nationally.

    By Daphne Howland • Oct. 22, 2024
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    Cleveland Clinic

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    Amazon’s One Medical, Cleveland Clinic partner to build primary care clinics in Ohio

    The academic medical giant is the latest health system to notch a deal with One Medical, defraying the cost of expansion for the primary care chain while creating a valuable source of referrals for the hospital.

    By • Oct. 22, 2024
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    Daphne Howland/Healthcare Dive
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    Walgreens to close 1,200 stores

    The closures reverse Walgreens’ expansion ambitions from a few years ago, when the company attempted to merge with rival Rite Aid.

    By Daphne Howland • Oct. 15, 2024
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    CVS Health slashes infusion services offerings, blaming industry headwinds

    CVS Health will stop providing many infusion services and close or sell 29 pharmacies in the coming months, a spokesperson said.

    By • Oct. 15, 2024
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    Colorado provider Axis Health System hit by ‘cyber incident’

    The provider, which offers primary care, dental services and mental healthcare, said its primary care patient portal was offline.

    By • Oct. 14, 2024