The Latest
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Kaiser nixes planned $500M Seattle med tower build, looks to sell property
The nonprofit giant has recently opted to focus capital spending in its largest market: California.
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Tracker
The state-by-state impact of Ascension’s cyberattack
Healthcare Dive is tracking pharmacy operations, emergency room statuses and potential care delays across Ascension’s hospitals.
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Ascension hit with lawsuits days after ransomware attack
Most data breach lawsuits settle out of court rather than through litigation, an expert told Healthcare Dive.
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Kansas jilts CVS in new Medicaid contract awards
Kansas kicked CVS to the curb in favor of an Elevance plan, while awarding contracts to incumbents UnitedHealth and Centene. The contracts are worth roughly $4 billion annually.
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Tracker
Tracking healthcare data breaches
Data from more than two million people could be exposed after a breach at a health plan administrator last year.
Updated May 17, 2024 -
Providence CEO to retire at end of year
The nonprofit health system is in the process of selecting Rod Hochman’s successor.
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Jefferson Health, Lehigh Valley Health Network sign merger agreement
The deal is expected to close this summer.
Updated May 16, 2024 -
Judge dismisses FTC’s antitrust suit against Welsh Carson
Regulators sued the private equity firm for consolidating Texas anesthesia markets. Now, a judge is holding Welsh Carson blameless while allowing the suit against its portfolio company, U.S. Anesthesia Partners, to continue.
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ONC to provide grants for AI, behavioral health projects
The agency seeks projects that evaluate and improve healthcare data used by AI and accelerate the use of health IT products among mental healthcare providers.
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Humana CEO Bruce Broussard to depart July 1
At that time, current Chief Operating Officer Jim Rechtin will take the reins of the health insurer, which is struggling with challenges in Medicare Advantage.
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Kaiser rides completed Geisinger acquisition to $7.4B income in Q1
However, the nonprofit provider and health plan warned subsequent quarters may be less profitable as expenses are projected to climb.
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Inpatient admissions lift for-profit providers’ revenue during Q1
Despite an “unusual” rise in inpatient volumes, executives at most of the leading for-profit health systems said they remain focused on outpatient investments.
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US hikes tariffs on medical products from China
The rate hikes focus on areas where the Biden administration has sought to boost domestic production, such as medical supplies that were essential to the COVID-19 pandemic response.
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Hospitals charged employers and insurers 254% more than Medicare in 2022: study
Hospitals with larger market shares were among the worst offenders, the Rand Corporation found.
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Deep Dive
Medicare Advantage unrest, Change Healthcare fallout and more big takeaways from insurers’ Q1
All major payers saw elevated utilization but only an unprepared few struggled with the trend, the Change Healthcare cyberattack caused minimal financial fallout and a new D-SNP rule opens the door to a Medicare growth opportunity.
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Black Basta ransomware is toying with critical infrastructure providers, authorities say
The threat group has impacted more than 500 targets worldwide, including those in healthcare.
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Ascension confirms ransomware attack as systems remain down
The major nonprofit does not yet have a timeline for restoring its computer systems, which were taken offline following the attack last week.
Updated May 13, 2024 -
CHS sues MultiPlan for allegedly colluding to lower provider reimbursement
It’s the third lawsuit filed against MultiPlan by a health system in under a year.
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AI could help assess patient acuity in emergency departments: study
When given pairs of patient histories, a large language model could identify which patient needed to be seen more urgently with 89% accuracy.
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Steward’s landlord Medical Properties Trust posts $736M loss as hospitals flounder
The real estate investment trust reported nearly $700 million in impairments related to Steward alone in the first quarter. However, executives said rental agreements are not what drove the troubled health system to bankruptcy.
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CMS proposes mandatory kidney care model with financial risk for hospitals
The model, if finalized, will test whether putting hospitals on the hook for kidney transplant access and quality might improve the nation’s shoddy system of organ procurement and transplantation.
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The Vitamin Shoppe launches telehealth service
Whole Health Rx connects users with licensed healthcare providers in real time and will initially focus on weight management solutions.
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Ascension hit by cybersecurity incident affecting clinical operations
The major nonprofit health system detected “unusual activity” on some network systems Wednesday.
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House committee advances bill that would extend telehealth flexibilities
The legislation would extend some Medicare flexibilities through 2026. Lawmakers have until year-end to take action before the pandemic-era rules expire.
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Tracking Steward's decline
Steward’s financing, hospital sales take center stage during bankruptcy hearing
During its first bankruptcy hearing, Steward's attorney lamented delays to its physician group deal and warned the timeline for hospital sales was “not feasible.”