The Latest

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    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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    Shutterstock/Arsenii Palivoda

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    Sponsored by Oracle

    America’s healthcare networks are under attack

    The stakes, impact and cost of cybercrime is rising and we must employ the right tech to fight back.

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    Nastassia Samal via Getty Images
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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
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    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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    SeventyFour via Getty Images
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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.

  • Humana CEO Bruce Broussard
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    Michael Loccisano / Staff via Getty Images
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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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    Justin Sullivan / Staff via Getty Images
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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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    Nick van Bree via Getty Images
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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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    400tmax via Getty Images
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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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    Chip Somodevilla/Getty Images via Getty Images
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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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    pidjoe via Getty Images
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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
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    yavdat via Getty Images
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    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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    Brandon Bell via Getty Images
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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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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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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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    Alex Wong / Staff via Getty Images
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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.

  • Website landing page for The Vitamin Shoppe's telehealth services.
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    Courtesy of The Vitamin Shoppe
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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. 

  • A view of Ascension St. Vincent's Riverside Hospital sign.
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    Cliff Hawkins via Getty Images
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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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    PeopleImages via Getty Images
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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.” 

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    Sean Gallup via Getty Images
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    AstraZeneca withdraws COVID-19 vaccine, citing declining demand

    The move ends a turbulent saga for AstraZeneca, which successfully developed a coronavirus shot but struggled to sell it amid competition and the emergence of rare but serious side effects. 

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    Adeline Kon/Healthcare Dive/Healthcare Dive
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    Private equity investing in healthcare continues to slow

    Heightened antitrust scrutiny from state governments and regulators in Washington is having a chilling effect on deals, according to PitchBook analysts.

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    DNY59 via Getty Images
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    Yale New Haven sues to get out of Prospect hospital acquisition

    Yale says Prospect allowed the conditions at three Connecticut hospitals — which it agreed to acquire in 2022 — to deteriorate. Prospect argues the lawsuit is an “11th hour attempt” to back out of the deal.

  • Carney Hospital
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    Getty Images North America via Getty Images
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    Tracking Steward's decline

    Steward’s bankruptcy documents reveal sprawling debt, planned hospital fire sale

    Since filing for bankruptcy Monday, Steward Health Care revealed it's carrying more than $1 billion in debt and said its entire hospital portfolio is for sale.

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    dventtr via Getty Images
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    MA health assessments contribute to inflated coding intensity: study

    Some limits on how the assessments are used might be justified to ensure Medicare Advantage plans aren’t overpaid, researchers wrote.