Name: Violetta Ostafin New title: Chief strategy officer, CVS Health Previous title: Global chief operating officer, Health Solutions at Aon; CEO of Aon’s Latin America Health Solutions business As CVS’ new CSO, Ostafin will lead strategy across the pharmacy chain’s core businesses, focusing on new market opportunities and product development. The Rhode Island-based company has been focusing on building out its capabilities in primary […]
Medicare, the federal health insurance program for 65 million people ages 65 and over and younger people with long-term disabilities, helps to pay for hospital and physician visits, prescription drugs, and other acute and post-acute care services. In 2021, Medicare benefit payments totaled $689 billion, net of premiums and other offsetting receipts. Accounting for 20% of national health care spending […]
House Majority Whip James Clyburn (D-S.C.) demanded that Florida Gov. Ron DeSantis (R) reverse or explain his decision after he declined to order COVID-19 vaccines for children under 5 years of age. In a letter sent Friday, Clyburn, the chairman of the the House Select Subcommittee on the Coronavirus Crisis, added that he was concerned by DeSantis’s public comments that he is opposed […]
Aidoc, a startup best known for providing AI-powered decision support software for radiologists, is branching out of the radiology market. The Tel Aviv-based company closed a $110 million series D funding round on Thursday, bringing the total capital raised to date to $250 million. The round was co-led by TCV and Alpha Intelligence Capital. The company will use the funds […]
Health Tech It’s the scandal inside the scandal, and we’ve got the scoop! Check out this episode of Health Tech Deals to learn more about Facebook, health data, and American Hospitals. Is someone stealing someone else’s activity and not getting rewarded for it? What about HIPPAA violations? All these questions and more are answered, along with some new deals: Sana […]
U.S. regulators on Friday authorized the first COVID-19 shots for infants and preschoolers, paving the way for vaccinations to begin next week. The Food and Drug Administration’s action follows its advisory panel’s unanimous recommendation for the shots from Moderna and Pfizer. That means U.S. kids under 5 — roughly 18 million youngsters — are eligible for the shots, about 1 […]
Real estate investment company Simone Healthcare Development (Bronx, N.Y.) and integrated health system Catholic Health (Buffalo, N.Y.) are partnering on a new project. Together, they will transform a former retail store into Simone Healthcare Development for Catholic Health Ambulatory & Urgent Care at Centereach in Centereach, N.Y. The 63,000-square-foot project will house primary care, women’s health, behavioral health, cardiology, neurosciences, […]
Drugmaker acquisitions of all sizes could receive closer scrutiny in the future if the Federal Trade Commission follows the advice of experts who spoke at a two-day agency meeting on market concentration and anticompetitive conduct. The experts, mostly economists and other antitrust regulators, warned that some drugmakers have gained unfair market power due to the breadth of their product portfolios, […]
Until last year, Georgia’s Medicaid coverage for new moms with low incomes lasted 60 days. That meant the Medicaid benefits of many women expired before they could be referred to other medical providers for help with serious health problems, said Dr. Keila Brown, an OB-GYN in Atlanta. “If they needed other postpartum issues followed up, it was rather difficult to […]
The Consumer Product Safety Commission (CPSC) on Thursday announced the recall of over 400,000 bottles of over-the-counter medicine due to issues with the child-resistant packaging, which did not meet the requirements in the Poison Prevention Packaging Act (PPPA). Aurohealth recalled about 137,300 units of Walgreens brand acetaminophen, as well as approximately 25,660 units of Kroger brand arthritis pain acetaminophen. Time-Cap […]