Author Archives: Maddie McCarthy

UnitedHealthcare Ranks First in Most Valuable Healthcare Services

Modern Healthcare reported on June 21, 2024, that Brand Finance ranked UnitedHealthcare as having the most valuable healthcare services for the ninth year in a row. Brand Finance’s Healthcare 2024 report considered metrics such as company performance, investments, equity, revenue, sustainability, and royalty rates. The ranking was completed before the cyberattack on a United subsidiary, Change Healthcare. Read More

Posted in National, News | Comments Off on UnitedHealthcare Ranks First in Most Valuable Healthcare Services

Judge Rules HHS Third-party Technology Tracking Prohibition Rule is Unlawful

Fierce Healthcare reported on June 20, 2024, that a federal judge ruled against the U.S. Department of Health and Human Services (HHS) in a lawsuit alleging that HHS rules prohibiting hospitals from using third-party pixel trackers on public-facing web pages is unlawful. HHS’ Office of Civil Rights originally ruled that the use of pixel trackers could violate the Health Insurance Portability and Accountability Act (HIPAA), and later updated the rule to exclude certain types of website visits counting as accessing protected health information. The lawsuit—which was brought forth by the American Hospital Association, the Texas Hospital Association, Texas Health Resources, and United Regional Health Care System—argued that HHS expanded HIPAA’s definition beyond its authority. Read More

Posted in National, News | Comments Off on Judge Rules HHS Third-party Technology Tracking Prohibition Rule is Unlawful

CBO Estimates Healthcare Uninsured Rate to Reach 8.9 Percent by 2034

Modern Healthcare reported on June 18, 2024, that the Congressional Budget Office (CBO) anticipates the rate of uninsured Americans will reach 8.9 percent by 2034. The Medicaid unwinding, immigration, and the loss of enhanced subsidies for people enrolled in marketplace plans – which expire at the end of 2025 – will contribute to the rise. The uninsured rate is currently 7.7 percent. Read More

Posted in National, News | Comments Off on CBO Estimates Healthcare Uninsured Rate to Reach 8.9 Percent by 2034

Steward Health Delays Hospital Sales Amid Bankruptcy Reorganization

Modern Healthcare reported on June 19, 2024, that Steward Health Care has delayed the sale of some of its hospitals amid the company’s Chapter 11 bankruptcy reorganization. The bid deadline for the first round of sales for hospitals in Arizona, Massachusetts, and Texas was moved from June 24, 2024 to July 15, 2024. The second bid deadline is still August 12, 2024.Read More

Posted in National, News | Comments Off on Steward Health Delays Hospital Sales Amid Bankruptcy Reorganization

Novant Health Stops $320 Million Hospital Acquisition after FTC Intervention

Modern Healthcare reported on June 18, 2024, that Novant Health decided to end plans to buy two North Carolina hospitals from with Community Health Systems. Novant’s decision follows the U.S. Court of Appeals for the Fourth Circuit’s vote in favor of the Federal Trade Commission (FTC) to pause the sale of one of the hospitals. Read More

Posted in National, News | Comments Off on Novant Health Stops $320 Million Hospital Acquisition after FTC Intervention

HHAeXchange Acquires MN-based Cashé Software

HHAeXchange announced on June 18, 2024, that the homecare management company acquired Minnesota-based Cashé Software, a homecare operations and billing platform. Cashé’s former president Praba Manivasager will lead the company’s business unit at HHAeXchange. Read More

Posted in National, News | Comments Off on HHAeXchange Acquires MN-based Cashé Software

ID Behavioral Healthcare Contractor Hires Former State Government Employees

The Idaho Capital Sun reported on June 18, 2024, that the awardee of the $1.2 billion Idaho Behavioral Health Plan contract, Magellan of Idaho, hired three former state government employees. The Idaho Department of Administration found no wrongdoing in the health plan solicitation or Magellan hiring’s. Read More

Posted in Idaho, Medicaid Daily News Roundup, News | Tagged | Comments Off on ID Behavioral Healthcare Contractor Hires Former State Government Employees

Number of Uninsured Drops 25 Percent Between 2019 and 2023

Bloomberg reported on June 17, 2024, that the number of uninsured Americans declined from 33.2 million in 2019 to 25 million in 2023, an approximate 25 percent decrease, according to a survey conducted by the U.S. National Center for Health Statistics. The survey found racial disparities among the uninsured. The survey does not take into account all the data from the Medicaid unwinding, which began in April 2023. Read More

Posted in National, News | Comments Off on Number of Uninsured Drops 25 Percent Between 2019 and 2023

CMS to Pay Estimated $1.3 Billion After Medicare Advantage Star Rating Recalculations

Modern Healthcare reported on June 17, 2024, that the Centers for Medicare & Medicaid Services (CMS) will need to pay an estimated $1.3 billion in additional bonus payments for 2024 as a result of the Medicare Advantage Star rating recalculations, according to an analysis commissioned by Modern Healthcare. It is estimated that 76 Medicare Advantage plans operated by 44 insurers will receive higher scores. Read More

Posted in Medicare Daily News Roundup, News | Comments Off on CMS to Pay Estimated $1.3 Billion After Medicare Advantage Star Rating Recalculations

CA County-Run MCO Raises Provider Wages by $526.2 Million

Modern Healthcare reported on June 17, 2024, that California Medicaid-managed care organization (MCO), CalOptima Health, approved a $526.2 million increase in provider pay rates in Orange County. The funds are meant to stabilize the managed care network amid the state’s budget deficit. CalOptima, a county-run plan, will distribute the funds between July 2024 and December 2026. Read More

Posted in California, Medicaid Daily News Roundup, News | Tagged | Comments Off on CA County-Run MCO Raises Provider Wages by $526.2 Million