The U.S. Centers for Medicare & Medicaid Services (CMS) released its FY 2023 home health proposed payment rule late Friday. It comes with a decrease to payment rates by 4.2%, or $810 million less compared to 2022 rates. Overall, the proposed rule looks to be one that will be disappointing to providers, and one they will refute heavily in the […]
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LONDON (AP) — British health officials reported another 50 cases of monkeypox across the country on Friday, for a total of 574 cases. That makes the U.K.’s outbreak the biggest to date beyond Africa. In a statement, Britain’s Health Security Agency said most of the cases have been identified in gay or bisexual men, but warned that anyone who is […]
CVS Health intentionally prevented certain Medicare beneficiaries from accessing less expensive, generic prescriptions, according to a whistleblower lawsuit from a former senior CVS executive. Documents from the lawsuit were recently unsealed,. “In doing so, CVS Health has ensured astonishing profits for itself while passing the increased costs onto taxpayers and Part D beneficiaries,” the whistleblower charged in the complaint filed […]
According to the Medicare Trustees Report released in early June, the Hospital Insurance Trust Fund, which pays for hospital services in Medicare Part A, is going to be insolvent by 2028—two years later than the estimate released last year. As a result, lawmakers will be tempted to discard insolvency as a nonurgent issue. In reality, however, the report underlines just […]
Interior architecture and workplace planning firm H. Hendy Associates in Newport Beach, Calif., announced the expansion of its healthcare and wellness studio. Kong Nguyen will serve as the studio director. The healthcare studio will provide interior architecture services to Southern California’s healthcare facilities. Nguyen has more than 20 years of experience in interior architecture within the healthcare industry, working on […]
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 […]