Jessica DaMassa by JESSICA DAMASSA What’s the bigger news coming out of Capital Rx: that the next-gen PBM just closed a $106 million dollar Series C? Or, that the health tech startup’s business model has expanded significantly over the past 18 months, from PBM-only to PBM-plus-PBA, meaning that instead of just servicing the pharmacy benefits management needs of employer groups […]
Although 82% of employed Americans feel knowledgeable about the health insurance enrollment process, 53% don’t think they’re getting the most out of their options. Another 54% don’t fully understand what their current health insurance offers, a recent survey by Harris Poll found. A separate survey by Forbes discovered high misconceptions among Americans about common insurance industry terms like copayments and […]
San Francisco has hired a hawk to scare pigeons away from metro stations. That may seem like a lot of effort to prevent pigeon poop, but apparently you can’t argue with the results. Today in health care, the CDC loosened its COVID-19 guidance, representing a major shift toward living with the virus. Welcome to Overnight Health Care, where we’re following the latest […]
Mayo Clinic on Wednesday welcomed seven more healthcare startups to its accelerator program to help young companies develop and validate their artificial intelligence-powered healthcare products. The announcement came just months after Mayo Clinic selected the program’s initial cohort of four companies in March. Each company participating in the 20-week program, called Mayo Clinic Platform_Accelerate, receives a $200,000-benefit package. As a […]
Oscar Health will not pursue additional full-service +Oscar agreements for the next 18 months after facing challenges implementing its deal with Health First Health Plans, CEO and co-founder Mario Schlosser said Thursday. The insurtech had sought to secure up to two deals a year for its +Oscar information technology services, which aim to help other insurers and providers transition to […]
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) is bullish on its company ethos, but is still trying to find its footing a little more than a year after going public. Like many in the space, Aveanna continues to struggle with labor issues and inflation on a macro level, while simultaneously being able to tout a strong demand for home health services. […]
Can’t see the audio player? Click here to listen on Acast. You can also listen on Spotify, Apple Podcasts, Stitcher, Pocket Casts, or wherever you listen to podcasts. Health policy was front and center as Congress rushed to pass major legislation before leaving for its summer break. President Joe Biden signed a bill this week providing health benefits to military […]
West Virginia Attorney General Patrick Morrisey (R) announced a settlement with pharmacy chain Rite Aid Thursday over a lawsuit alleging the company had contributed to the oversupply of opioids in the state. Morrissey filed the lawsuit against Rite Aid and Walgreens in 2020, alleging they had failed to monitor and report orders for opioid prescriptions. In a statement, Morrissey said […]
Cardinal Health CEO Mike Kaufmann will step down, effective Aug. 31, the company said Thursday. Jason Hollar, chief financial officer, was named to succeed Kaufmann and has joined the board of directors. Hollar joined Dublin, Ohio-based Cardinal in May 2020, soon after the start of the COVID-19 pandemic. Prior to Cardinal, he held CFO roles at auto equipment manufacturer Tenneco, and retailer Sears […]
The Centers for Disease Control and Prevention (CDC) on Thursday relaxed many of the guidelines for COVID-19 in communities, a major shift that emphasizes living with the virus rather than strict prevention of infection. The new guidance puts the onus on individuals to assess their own personal risk levels, rather than businesses, governments or schools. CDC indicated it will focus […]