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BIDEN SIGNS DEBT DEAL, CLEARING PATH FOR $27B IN COVID-19 CLAWBACKS

Some of the funding is healthcare-related, and major programs like Medicaid and
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 4. Medicaid redeterminations
    
    
    OVER HALF A MILLION DISENROLLED AMID MEDICAID REDETERMINATIONS SO FAR


 5. MEDICARE KEEPS LIMITS ON ALZHEIMER’S DRUG COVERAGE, BUT LOOSENS POLICY


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 * Illustration: Xavier Lalanne-Tauzia for Industry Dive
   
   
   BJC HEALTHCARE, SAINT LUKE’S HEALTH SYSTEM PLAN TO MERGE, FORMING $10B SYSTEM
   
   The organizations signed a non-binding agreement to form a 28-hospital system
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 * ipopba via Getty Images
   Sponsored by Vituity
   
   
   HOSPITALS IN 2035: DIGITAL INVESTMENTS THAT WILL STICK
   
   Equipping hospitals with strategies to use technological advancements in
   healthcare.
   
   Health IT
 * iStock via Getty Images
   
   
   BAYER LAUNCHES PRECISION HEALTH UNIT IN LATEST DIGITAL HEALTH VENTURE
   
   The pharma company said it will work with startups and other digital health
   companies as well as add to its own capabilities as it builds out the
   consumer-focused business unit.
   
   Health IT
 * Permission granted by Institute of Protein Innovation
   Q&A
   
   
   SERIAL BIOTECH FOUNDER TIM SPRINGER ON INVESTING IN STARTUPS AND
   DEMOCRATIZING ANTIBODY RESEARCH
   
   Springer, who became a billionaire after investing in Moderna, spoke after
   gifting $210 million to his nonprofit institute in Boston.
   
   Health IT
 * 
 * Permission granted by iRhythm
   
   
   FDA HITS IRHYTHM WITH WARNING LETTER OVER PROBLEMS AT HEART MONITOR FACILITY
   
   IRhythm can continue to manufacture and sell its products and does not expect
   the warning letter to materially affect its financial results.
   
   Health IT
 * Tasos Katopodis via Getty Images
   
   
   BIDEN ADMIN OFFICIALLY ENDS COVID VACCINE MANDATE FOR HEALTH WORKERS
   
   The CMS on Wednesday issued a final rule lifting the controversial vaccine
   mandate in early August, though regulators said they wouldn’t enforce the
   mandate between now and then.
   
   Updated June 1, 2023
   Hospitals
 * Permission granted by Oak Street Health
   
   
   OAK STREET, POST CVS ACQUISITION, PLANS TO ENTER 4 NEW STATES
   
   Oak Street Health, which was acquired by CVS in May, plans to enter Arkansas,
   Iowa, Kansas and Virginia this summer.
   
   Medical Groups
 * 9dreamstudio via Getty Images
   
   
   HEALTHCARE COSTS TOP $31,000 FOR FAMILY OF 4 IN 2023
   
   After declining briefly in 2020, family healthcare costs are rising as the
   industry faces an uncertain macroeconomic environment.
   
   Payer
 * 
 * Brandon Bell/Getty Images via Getty Images
   Tracker // Overturning of Roe v. Wade
   
   
   TRACKING STATE ABORTION BANS IN THE US
   
   The Oklahoma Supreme Court on Wednesday ruled that two abortion bans enacted
   last year were unconstitutional. However, a 1910 near-total abortion ban
   remains in effect in the state.
   
   Updated June 1, 2023
   Government
 * hxdbzxy via Getty Images
   Medicaid redeterminations
   
   
   MEDICAID CHANGES, END OF COVID EMERGENCY HAMPERED HOSPITAL MARGINS IN APRIL
   
   Inflation and high expenses are placing a burden on hospitals as they recover
   from COVID-19 challenges. Hospital labor expenses rose 3% in April from
   March, according to Kaufman Hall.
   
   Hospitals
 * Asher Heimermann. Retrieved from Wikimedia Commons.
   
   
   ADVOCATE HEALTH REPORTS 0.1% OPERATING MARGIN IN INAUGURAL Q1 EARNINGS
   
   The nonprofit giant formed in December barely made it into the black, after
   revenue of $7.54 billion squeaked past expenses of $7.53 billion.
   
   Hospitals
 * erdikocak via Getty Images
   
   
   MEMBERS’ SATISFACTION WITH COMMERCIAL HEALTH PLANS DECLINES
   
   A J.D. Power study found overall satisfaction with commercial health plans
   fell, with sicker members less likely to receive outreach and care
   coordination.
   
   Payer
 * The image by Jeffrey Beall is licensed under CC BY-SA 3.0
   
   
   KAISER PLEDGES $10M TO SAFETY-NET HOSPITAL TO STEM ‘UNPRECEDENTED FINANCIAL
   CHALLENGES’
   
   Denver Health — the largest provider of care for uninsured people in the city
   — has struggled with rising costs and a surge in sicker patients.
   
   Hospitals
 * Retrieved from Committee for Recognition of Nursing Achievement on April 26,
   2022
   Tracker
   
   
   TRACKING HEALTHCARE WORKER STRIKES
   
   Nurses at Ascension Seton Medical Center Austin in Texas voted May 31 and
   June 1 to authorize a one-day strike, according to the National Nurses
   Organizing Committee within National Nurses United.
   
   Updated 21 hours ago
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 * lucky-photographer via Getty Images
   
   
   HEALTHCARE PROVISIONS OF THE DEBT LIMIT DEAL: COVID-19 FUNDING CLAWBACKS, NO
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   Congressional Republicans and the White House reached a deal over the weekend
   to raise the debt ceiling that includes healthcare policy wins for both sides
   of the aisle.
   
   Payer
 * erdikocak via Getty Images
   
   
   PHYSICIAN COMPENSATION ROSE BUT WAS ECLIPSED BY INFLATION, MGMA SURVEY FINDS
   
   Although hampered by a 7% increase in inflation, advanced practice providers
   saw the biggest change in median total pay compared to pre-pandemic levels.
   
   Medical Groups

 * Photo by Sarah Chai from Pexels
   
   
   POSTPARTUM PEOPLE COULD LOSE COVERAGE AMID MEDICAID REDETERMINATIONS
   
   People in some states could lose postpartum coverage 60 days after giving
   birth, even though health risks from pregnancy can continue for months,
   according to a new report from KFF.
   
   Payer
 * Cliff Hawkins via Getty Images
   
   
   PERSISTENT EXPENSES DROVE ASCENSION TO $1.8B OPERATING LOSS
   
   Improving volumes, especially outpatient surgeries and emergency room visits,
   failed to outpace growing expenses in the nine-month period.
   
   Hospitals
 * Bruce Bennett via Getty Images
   
   
   CVS COULD LOSE UP TO $1B NEXT YEAR FROM MA STAR RATINGS DROP
   
   Just 21% of CVS’ MA members are currently in plans with a star rating of at
   least four, down from 87% at the end of 2021, the payer disclosed.
   
   Payer
 * Daphne Howland/Healthcare Dive
   
   
   WALGREENS LAYING OFF 10% OF CORPORATE WORKFORCE
   
   The cuts, affecting more than 500 employees, come as the pharmacy chain
   expands in consumer-focused care delivery.
   
   Finances
 * Kameleon007 via Getty Images
   Medicaid redeterminations
   
   
   TWO-THIRDS OF MEDICAID ENROLLEES UNAWARE OF REDETERMINATIONS, SURVEY FINDS
   
   The KFF survey found many enrollees weren’t sure whether states are now
   allowed to remove people from the program, and 27% wouldn’t know where to
   look for coverage if they were ineligible for Medicaid.
   
   Payer
 * Natalie Meepian via Getty Images
   Opinion
   
   
   SECURING MERGERS AND ACQUISITIONS IN HEALTHCARE
   
   Netskope’s Damian Chung outlines how healthcare organizations can avoid cyber
   risks when executing acquisitions or partnerships.
   
   Finances
 * Rudzhan Nagiev via Getty Images
   
   
   EHR PURCHASING IN 2022 LED BY SMALL ORGANIZATIONS, MIGRATIONS, KLAS SAYS
   
   Epic continues to be the EHR market leader, covering 36% of acute care
   hospitals in the U.S. and 48% of beds, according to a new report.
   
   Health IT
 * Flickr User Thomas Lillis IV
   
   
   CLEVELAND CLINIC OUTPACED EXPENSE GROWTH TO RETURN TO PROFITABILITY IN Q1
   
   The health system noted that growing expenses are still a concern, with labor
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   Hospitals
 * iStock / Getty Images Plus via Getty Images
   
   
   US PROJECTED TO HIT RECORD-LOW UNINSURANCE RATE THIS YEAR
   
   But as federal aid expires, lower-income Americans — who saw the largest
   insurance gains during the pandemic — will likely be affected the most,
   according to experts.
   
   Payer

 * Bill Clark/CQ Roll Call/Newscom
   
   
   AHIP CHIEF EXECUTIVE TO STEP DOWN IN OCTOBER
   
   Matt Eyles will depart after serving nearly five years as CEO of AHIP. The
   organization is launching a nationwide search for his replacement.
   
   Payer

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MOST POPULAR

 1. Friday Health Plans to shut down as state regulators step in
 2. Biden signs debt deal, clearing path for $27B in COVID-19 clawbacks
 3. UnitedHealth rolls back gastroenterology prior authorization plan amid
    backlash
 4. BJC HealthCare, Saint Luke’s Health System plan to merge, forming $10B
    system


LIBRARY RESOURCES

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COMPANY ANNOUNCEMENTS

 * Corazon and The Society for Cardiovascular Angiography and Interventions
   Announce Partnership From Corazon, Inc.
 * Synapse Medicine and CompuGroup Medical Announce Partnership to Revolutionize
   Prescribing and … From Synapse Medicine
 * Lunit Demonstrates Predictive Value of AI-Biomarker Platform at the 2023 ASCO
   Annual Meeting From Lunit
 * CloudTrucks Introduces New Partnerships to Deliver Cost Savings for Owner
   Operators From CloudTrucks

View all | Post a press release


WHAT WE'RE READING

 * Axios Hospitals unexpectedly cut off from discounted drugs at outpatient
   clinics
 * NBC News Trapped at work: Immigrant health care workers can face harsh
   working conditions and $100,000 lawsuits for quitting
 * Associated Press Texas bans gender-affirming care for minors after governor
   signs bill

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EVENTS

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