Health Care / Medicine
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Health Care / Medicine
Floridians Sue Florida Over Medicaid Redeterminations Process
Two Florida families allege that tens of thousands of Floridians are being terminated from Medicaid coverage without sufficient information as to why. This comes as the U.S. continues the unwinding of the Medicaid continuous enrollment requirement, which stopped states from disenrolling Medicaid enrollees during the COVID-19 public health emergency. -
Health Care / Medicine
Teva, Glenmark To Pay $255M, Divest Cholesterol Drug To Settle DOJ Price Fixing Charges
Generic drugmakers Teva and Glenmark recently became the sixth and seventh drugmakers to resolve criminal charges as a result of the DOJ’s yearslong investigation into generic drug price fixing. The settlement agreement requires both companies to pay hefty fines as well as divest their drug lines for pravastatin, a widely used statin that lowers cholesterol. - Sponsored
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Health Care / Medicine
Spring Health Launches Mental Health Education Platform For Workplaces
Spring Health launched Sage, a platform that offers asynchronous video lessons to help employees manage their own mental health and support managers in creating a healthy work environment.
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Finance, Health Care / Medicine
3 Reasons Why The Biopharma M&A Market Is Ready For Takeoff
Healthcare M&A deals are expected to pick up over the next few months, and one expert is predicting that the biopharma sector in particular will see especially robust activity. M&A lawyer Matt Gardella said there are three sets of market circumstances that will lead to an influx of biopharma deals: a looming patent cliff, shrinking valuations, and a weak IPO market. -
Government, Health Care / Medicine
Congressman Launches Investigation Into Medicaid Prior Authorization Denials
U.S. Representative Frank Pallone, Jr. (D-New Jersey) announced that he is looking into high prior authorization denial rates by Medicaid managed care health plans. It follows a report by the Office of Inspector General that found that Medicaid MCOs denied one out of every eight prior authorization requests in 2019. -
Courts, Health Care / Medicine
43K Patients In California Could Get Refunds, Bill Corrections As Part Of Discounted Care Settlement
Santa Clara Valley Healthcare in California has begun notifying 43,000 patients about their eligibility for billing corrections and refunds. The system’s patient outreach effort is a result of a recently settled lawsuit. In the complaint, former patients alleged the county did not inform them about its hospitals' charity care and discount payment policies, leading them to have to pay large bills. -
Courts, Government
CMS Lowers No Surprises Act Fee After Court Nixes Price Hike
This move came a week after the Texas Medical Association won a court case challenging HHS over its 600% price hike on the fee. -
Government, Health Care / Medicine
House Reps Introduce Bill To Ease State Medicaid Staffing Shortages Amid Redeterminations
The bill would allow state Medicaid agencies to hire outside contractors to help with Medicaid redeterminations, as many agencies don’t have the workforce to handle the return to the redetermination process. - Sponsored
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Government, Health Care / Medicine
HHS Launches Civil Rights Investigation Into Vanderbilt’s Sharing Of Transgender Patient Data
Vanderbilt University Medical Center is under federal investigation after it turned transgender patients’ medical records over to Tennessee’s attorney general. HHS launched the investigation a couple weeks after two VUMC patients filed a class-action lawsuit against the hospital for releasing their records to the attorney general. -
Government, Health Care / Medicine
Senator Probes Google About ‘Premature Deployment Of Unproven Technology’ In Healthcare Settings
Senator Mark Warner (D-Virginia) penned a letter to Google leadership expressing concerns about Med-PaLM 2 — the company’s generative AI tool for healthcare providers that is currently being used by Mayo Clinic and other health systems. -
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. -
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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In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
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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. -
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.