Health Care / Medicine
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Finance, Health Care / Medicine
Healthcare M&A Activity Reaches 3-Year Low, But It Might Pick Up In The Back Half Of ‘23
M&A activity in the healthcare sector continued to decline in the second quarter of 2023, with the number of deals reaching its lowest point in three years. However, a new report predicted that M&A activity could increase in the second half of this year due to healthcare companies’ continually shrinking valuations and their divestitures of non-core assets. -
Courts, Health Care / Medicine
Nektar Sues Eli Lilly, Claiming The Big Pharma Breached Contract To Favor Another Drug
The biotech claims its former partner tried to disadvantage the asset in order to advance development of another drug it acquired in a billion-dollar deal. - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Health Care / Medicine
How Did The 3 Biggest For-Profit Hospital Chains Perform In Q2?
HCA and Tenet reported net incomes for the second quarter, while CHS posted a net loss. All three health systems found themselves in a better financial position in Q2 2023 than they were in Q2 of last year, driven in large part by declining contract labor expenses.
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Health Care / Medicine
Hospitals Still Struggling To Get Back Online 4 Days After Cyberattack On Prospect Medical Holdings
Hospitals and outpatient treatment centers in at least three states are struggling to get their systems back online following a ransomware attack waged last week against parent company Prospect Medical Holdings. Some of these facilities have partially or completely halted patient care. -
Courts, Health Care / Medicine
GSK Patent Suit Aims To Halt Pfizer’s RSV Vaccine For Adults, But Not Infants
GSK claims that Pfizer’s FDA-approved vaccine for respiratory syncytial virus infringes on four patents protecting its own approved vaccine, Arexvy. The patent suit comes with the RSV season approaching. -
Health Care / Medicine
‘A Criminal Justice Approach To A Public Health Problem’: How The Justice System Can Improve SUD Support
There is inadequate substance use disorder support for people who are incarcerated or are leaving incarceration. But there are opportunities to make improvements, experts say. -
Courts, Health Care / Medicine
Labor Department Sues UnitedHealth Group Over ‘Thousands’ Of Claims Denials
The Labor Department recently sued UnitedHealth Group subsidiary UMR, alleging that it wrongfully denied claims for emergency room services and urinary drug screenings since 2015. UMR did not determine the medical necessity of the claims, denying them ‘based solely on diagnosis codes and not applying a prudent layperson standard,’ according to the complaint. -
Health Care / Medicine
Henrietta Lacks's Family Is Holding Researchers Accountable Under A New Theory
The amount of profit that has been made without giving the family a dime is bewildering. - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Health Care / Medicine
‘We Can Be More Selective About Who We Treat’: UHS CFO’s Comments Spark Concerns About Cherry-Picking
Last week, the CFO of Universal Health Services stated that the company chooses which patients to treat based on whose insurance plans offer the highest payments. The comments have sparked some media attention, but healthcare finance experts say the practice of cherry-picking patients is nothing new to the industry. -
Health Care / Medicine
Average Healthcare Data Breach Cost Reaches Nearly $11M
Healthcare has the highest data breach costs of all industries — breaches are second costliest in the financial sector, where the average cost is $5.9 million. -
Government, Health Care / Medicine
The Biden Administration Proposes Rule To Improve Mental Health Parity
A new proposed rule by the Biden-Harris Administration would require health plans to improve their analyses of their mental health benefits and make clear that they cannot engage in practices that make it more difficult for members to access mental health support compared to physical health. -
Health Care / Medicine
Hospitals’ Price Transparency Compliance Is Improving Despite Remaining Low At 36%
About 36% of U.S. hospitals are in compliance with CMS' price transparency rule, up from 24.5% in February, according to a new report. This progress will remain slow unless CMS can do a better job of effectively enforcing its rule, the report declared. -
Government, Health Care / Medicine
Coalition Applauds Reintroduction Of Obesity Treatment Bill, Urges Passage
The Treat and Reduce Obesity Act would expand Medicare coverage for obesity screenings, treatments, and therapies like anti-obesity medications. The Health Equity Coalition for Chronic Disease came out in favor of the bill and asked for swift passage.
Sponsored
Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms.
Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
Sponsored
Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…
Sponsored
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
In this CLE-eligible webinar, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
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Courts, Health Care / Medicine
Startup Sues Athenahealth, Alleging Trade Secret Theft & Deceptive Practices
Digital health startup Dorsata filed a lawsuit against EHR provider athenahealth and women’s health company Unified Women's Healthcare. The startup alleged that athenahealth stole trade secrets, used deceptive business practices and breached its contract — and that Unified aided and abetted these purported practices. -
Health Care / Medicine
Ticking The Talons Of Healthcare Transparency
As of January 1, employer-sponsored Group Health Plans and Health Insurance Issuers must make make the prices of 500 medical services available via an Internet-based tool. The Transparency in Coverage final rule gets even tougher on January 1, 2024, when the prices of all medical services must be made available via an Internet-based tool. -
Courts, Health Care / Medicine
The Kraft Heinz Lawsuit Against Aetna Is The ‘Tip Of The Iceberg’
Kraft Heinz recently sued Aetna, claiming that the insurer is not providing all of Kraft Heinz's medical claims data. More lawsuits of this sort are likely to come, experts warned. -
Health Care / Medicine
‘This Is Almost Biblical In Its Impact’: Providers Push Back Against CMS’ New Proposed Rules
CMS recently revealed its proposals to raise reimbursement rates for hospital outpatient departments and cut payments for physicians. Next year, the agency is planning to decrease physicians’ pay by 1.25% and increase outpatient payment rates by 2.8%. Provider groups are unhappy with the news. -
Government, Health Care / Medicine
Nearly 2,000 Organizations Urge Congress To Pass PBM Reform
A coalition of nearly 2,000 employers, patient advocates, pharmacies, providers and businesses sent a letter to Congress urging the passage of legislation that would reform PBM practices. -
Health Care / Medicine
Europe Imposes Maximum Fine On Illumina For Early Grail Acquisition
Illumina must pay a €432 million fine for closing its Grail acquisition before the European Commission finished its inquiry into the tie-up. The penalty is the maximum amount the regulator can impose on a company for breaching European merger rules. -
Health Care / Medicine
Health Connect America Gets Fined $4.6M For Wrongful Billing of Medicaid
Health Connect America, a mental health company, improperly billed Virginia Medicaid for three different behavioral health services for children, according to the U.S. Attorney’s Office of Western District of Virginia.