Wed.Aug 07, 2024

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More than 700 rural hospitals at risk of closing: report

Health Care Dive

One challenge hospitals face is reimbursement from private payers, which doesn’t cover the higher costs of care in rural areas, according to a report by the Center for Healthcare Quality and Payment Reform.

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Centene Medicare Advantage subsidiary WellCare to retreat from 6 states in 2025

Fierce Healthcare

Centene is exiting six states through its WellCare Medicare Advantage subsidiary next year, investment bank Stephens has revealed. | WellCare is leaving six states next year, impacting more than 37,000 Centene members across the country.

Medicare 296
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Aetna executive ousted as CVS’ Medicare Advantage woes drag into second quarter

Health Care Dive

On Wednesday, CVS slashed its earnings guidance for the third time this year, announced a plan to cut $2 billion in costs and fired the head of its insurance division Aetna, which continues to struggle with high medical utilization.

Medicare 307
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CVS Health kicks off multiyear, $2B cost-cutting effort

Fierce Healthcare

As it seeks to boost its financial fortunes, CVS Health has "identified a multiyear opportunity" to generate as much as $2 billion in savings, CEO Karen Lynch told investors Wednesday. | As it seeks to boost its financial fortunes, CVS Health has "identified a multiyear opportunity" to generate as much as $2 billion in savings, CEO Karen Lynch told investors Wednesday.

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Enhance Healthcare Efficiency With Top Payroll & HCM Services

Running a healthcare facility requires precision and care, not just for patients but also for your staff. Our guide, "A Buyer’s Guide to Payroll & HCM Services," helps healthcare providers choose the best provider. Efficient payroll management ensures timely, accurate payments, critical for maintaining staff morale and trust. Compliance support helps navigate complex healthcare regulations and avoid costly fines.

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Uninsured rate jumps to 8.2% amid Medicaid unwinding: CDC

Health Care Dive

The slide in the nation’s uninsured rate could become steeper if subsidies in the Affordable Care Act exchanges expire on schedule next year, according to health policy experts.

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CVS CEO Karen Lynch to take over 'day-to-day' operations at Aetna amid ongoing struggles

Fierce Healthcare

CVS Health is making changes at the top of its Aetna division as the insurer navigates choppy waters. | CVS Health is making changes at the top of its Aetna division as the insurer navigates choppy waters.

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2 in a row: Oscar Health announces 2nd consecutive quarterly net profit

Fierce Healthcare

Just two months after detailing its long-term expansion plan, Oscar Health reported a second consecutive month of quarterly net profit. | Oscar Health raised its full-year guidance and announced another quarter in the black, another sign smaller major insurers are turning the corner. Executives also gave updated thoughts on ACA subsidies and ICHRA.

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Alarming Rise of AI Voice Deepfakes: Waging War on Healthcare

HIT Consultant

Aaron Painter, CEO of Nametag Imagine you’re an IT professional for a large health system. A resident physician calls and says he must urgently send in a patient script, but he’s locked out of the system and needs a password or account reset. You recognize his voice. He provides his ID number and other credentials for verification. You successfully restored his access so he can log in – only, it wasn’t the doctor that you just spoke to.

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NeueHealth reveals another adjusted EBITDA profit, but EPS suffers

Fierce Healthcare

Coming off a recent debt financing round, NeueHealth reported a net loss but small adjusted EBITDA profit during its second-quarter earnings results. | NeueHealth's second-quarter results were without significant surprises, though the company noted a moderate increase in membership.

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Enhabit Walks Away From UnitedHealthcare After ‘9 Months Of Unsuccessful Negotiations’

Home Health Care

Staying on course with its payer innovation strategy, Enhabit Inc. (NYSE: EHAB) has decided to walk away from certain Medicare Advantage (MA) payers – and namely UnitedHealth Group’s (NYSE: UNH) UnitedHealthcare. That decision, and the recent home health proposed payment rule, were top of mind for Enhabit leaders on Tuesday. Specifically, Enhabit President and CEO Barb Jacobsmeyer expressed the company’s support for the Preserving Access to Home Health Care Act , which would help stop payment cu

Medicare 110
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How to Battle Layoffs: The Career Star Accelerator Bootcamp

Facing layoffs in your organization? Support your team members' career transition with Career Star Accelerator Bootcamp: Custom Resume & LinkedIn Revamp + 6 Weeks of Career Coaching. Our certified resume writers will create job search-winning resumes and LinkedIn profiles while they work with a career coach to learn unique strategies to stand out, attract the right employers, automate their job search, and land their dream job.

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Clinical AI platform Aidoc now deployed in dozens of University Hospitals' inpatient and outpatient facilities

Fierce Healthcare

Ohio-based University Hospitals Health System (UH) has teamed up with healthcare AI company Aidoc to catch conditions like pulmonary embolism, coronary artery calcification and intracrani | Aidoc's AI-based image analysis technology will be deployed in University Hospitals. The company has 17 FDA clearances for its clinical AI algorithms, which can identify pulmonary embolisms and rib fractures, among others.

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Pennant’s Home Health, Hospice Growth ‘Significantly Ahead’ Of Prior Expectations

Home Health Care

The Pennant Group Inc. (Nasdaq: PNTG) leaders highlighted the company’s significant home health growth Tuesday. They also teased continued expansion in the East Coast and elsewhere. “We are thrilled to report record-breaking second quarter results as we continue to experience momentum across all our service lines and create meaningful growth opportunities for local leaders and teams,” Pennant CEO Brent Guerisoli said during the company’s second-quarter earnings call.

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Phonak Introduces World’s First AI-Powered Hearing Aid

HIT Consultant

What You Should Know: – Phonak , a leading provider of hearing solutions, unveiled its groundbreaking Audéo Sphere Infinio hearing aid, powered by the innovative Infinio platform. – The new device features the world’s first dedicated real-time AI chip, delivering unprecedented speech clarity in noisy environments. Audéo Sphere Infinio Overview The Audéo Sphere Infinio addresses a critical challenge faced by individuals with hearing loss: understanding speech in background noise

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Countering Fentanyl with Diplomacy

The Rand Blog

The fentanyl epidemic in the United States parallels China's historical opium crisis, which was exacerbated by foreign powers and led to widespread societal damage. Understanding China's past and its current role in fentanyl production could offer valuable insights for combating the ongoing U.S. crisis.

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5 Essentials for Healthcare CIOs: A Provider Data Management Checklist

Complete and accurate provider data is essential for health organizations to operate effectively. A better understanding of your provider network helps to understand patients and consumers, identify gaps in care, and make the best possible decisions for your businesses. A modern provider data management solution should power a complete and accurate view of each of your providers, make this data easily accessible across functional groups, and be flexible and agile enough to scale. with your needs

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Healthcare AI News 8/7/24

HIStalk

News CHIME publishes a report of 10 principles, with detailed.

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Transparency and trust: Leveraging patient portals for better healthcare relationships

Nordic

In today's healthcare landscape, patient portals have emerged as essential tools for enabling true patient engagement, improving access to health information, and fostering better communication between patients and physicians. However, patient portals are not without challenges; just ask your friendly CMIO. From addressing trust issues to sharing sensitive information, healthcare organizations must navigate a complex terrain to ensure that portals truly benefit the entire care team, including th

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SVB Report: 2024 Mid-Year Healthcare Investments and Exits

HIT Consultant

What You Should Know: – The healthcare venture capital landscape experienced a resurgence in the first half of 2024, according to a new report from Silicon Valley Bank (SVB). Despite ongoing economic challenges, 89% of US VC funds exceeding $25M successfully met their fundraising targets. – The report, “ 2024 Mid-Year Healthcare Investments and Exits ,” delves into venture capital activity across the healthcare sector, including biopharma, healthtech, medical device, and

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HEDIS and Cancer Prevention—Updates and New Measures

NCQA

After a positive cancer screen, appropriate and timely follow-up care is important to the success of any treatment plan. With that in mind, NCQA is developing new HEDIS cancer follow-up measures and updating its Breast Cancer Screening measure. HEDIS measures focused on cancer prevention and early detection can help hold health care organizations accountable for making sure their members are getting needed care.

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Level up Culture & EQ | Sign up for the #CultureDrop

Once a week, culture & leadership expert Galen Emanuele gives free, actionable EQ training in 5 minutes or less. Subscribe to the #CultureDrop and access free resources & content.

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70% of Community Health Centers Face Staff Shortages Amid Rising Mental Health & Substance Use Care Demand

HIT Consultant

What You Should Know: – Community health centers (CHCs), serving as the cornerstone of America’s healthcare safety net, are grappling with a critical issue: a worsening workforce shortage. – A new report by the Commonwealth Fund reveals a concerning trend, with over 70% of CHCs reporting a lack of primary care physicians, nurses, or mental health professionals in 2024.

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Health Recovery Solutions Surpasses 1 Million Patient Lives Impacted: A Decade of Telehealth and RPM Excellence

Health Recovery

HOBOKEN, N.J. , Aug. 7, 2024 -- Today, Health Recovery Solutions (HRS) celebrates a monumental milestone in Telehealth and Remote Patient Monitoring (RPM) : impacting the lives of over 1 million patients and their caregivers in the last decade. This achievement is not only a testament to the advancement of telemedicine but also a tribute to the dedication of over 83 thousand clinical team members who have delivered quality care at home for these patients.

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Abbott and Medtronic Partner to Integrate CGM System & Insulin Delivery Devices

HIT Consultant

What You Should Know: – Abbott and Medtronic announced a groundbreaking partnership to develop an integrated continuous glucose monitoring (CGM) system designed to seamlessly work with Medtronic’s automated insulin delivery (AID) and smart insulin pen systems. – The strategic collaboration aims to improve diabetes management by enabling more precise insulin dosing and reducing the burden on patients.

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HIStalk Interviews Ajay Kapare, President, Ellkay

HIStalk

Ajay Kapare, MBA is president and chief strategy officer of.

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A Guide to Improved Sepsis Detection & Compliance: 6 Areas You Should Address

This guide highlights key areas that your sepsis detection platform should address to minimize the impact of this leading, entirely preventable cause of in-hospital deaths, as well as how to increase compliance by 20% in 30 days. Download to learn more!

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Pangea Biomed Partners with Hadassah to Develop Cancer Treatment

HIT Consultant

What You Should Know: – Pangea Biomed, the startup behind the world’s most advanced cancer response predictor, ENLIGHT, is announcing a strategic collaboration with the Sharett Institute of Oncology and Hadassah Cancer Research Institute (HCRI) at the Hadassah University Hospital Ein-Kerem and Ultima Genomics, the developer of a revolutionary architecture for high-throughput genomic sequencing. – This partnership aims to enhance the accuracy and effectiveness of solid tumor cancer t

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Something Is Rotten in the State of Russian Arms Industry

The Rand Blog

Despite Russia's claims of robust arms production and export capabilities, Moscow faces significant challenges. Declining sales, reliance on outdated weaponry, and strained international relationships indicate a stark contrast between state propaganda and the reality faced by the Russian arms industry.

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Morning Headlines 8/8/24

HIStalk

CVS’s stock drops as the healthcare-benefits business continues to hurt.