DOJ withdraws guidance that bolstered antitrust safe harbors for GPOs, cost benchmarking and more
Potentially leading to stricter enforcement of antitrust policy in healthcare, the U.S. Department of Justice has withdrawn guidance that essentially promoted certain arrangements in the industry. The Feb. 3 announcement from DOJ’s Antitrust Division amounts to a cancellation of so-called “safety zones” that were established in three sets of nonbinding guidance issued between 1993 and…
Expanding its capacity to disrupt healthcare, CVS Health shells out billions to buy Oak Street Health
A month after stating it hoped to gain a presence in primary care, CVS Health accomplished that goal with a massive deal that could fortify its efforts to advance value-based payment in healthcare. The proposed $10.6 billion acquisition of Oak Street Health, a provider of senior-focused primary care, adds to a portfolio of assets that…
Various data highlight the ongoing labor challenges facing hospitals and other healthcare providers
The healthcare labor picture may be stabilizing in some respects, but hospitals and other providers continue to feel the squeeze. The industry added 58,200 jobs in January, including 10,900 at hospitals and health systems, according to preliminary seasonally adjusted data from the U.S. Bureau of Labor Statistics. That jump follows an average monthly increase of…
Healthcare News of Note: Is a public health crisis looming for the generation born during the pandemic?
Infants born during the pandemic, regardless of maternal SARS-CoV-2 status, scored significantly lower on the gross motor, fine motor and personal-social subdomains of the Ages & Stages Questionnaire, 3rd Edition when compared with a cohort born pre-pandemic at one hospital. Opioids were prescribed at discharge during fewer emergency department (ED) visits in 2019-20, compared with…
TruBridge Complete Business Office (CBO) solution brings financial stability to the revenue cycle
Is your healthcare organization looking for a way to reduce pressure, stress and time on administrative and financial management? Check out this company’s portfolio of solutions to stabilize revenue cycle operations and bring back time for your staff to care for patients.
Healthcare News of Note: 100 hospitals receive funding for new physician residency slots to boost healthcare access
CMS distributed 200 Medicare-funded physician residency slots to 100 hospitals, aiming to bolster healthcare access in areas with a shortage of qualified professionals. Overall cancer mortality has dropped 33% since 1991, averting an estimated 3.8 million cancer deaths, according to the American Cancer Society’s latest report. Patients’ ratings of specialist care were markedly higher when…
CVS Health pushes forward with efforts to reshape segments of the healthcare industry
About two decades after adding the first three MinuteClinics to its stores, in 2005, CVS Health continues to grow as one of the biggest disruptors in healthcare. The company has embarked on a series of strategic transactions that make it a major player across an increasingly large swath of the industry, as described this month…
Andrew Donahue: Why the nation could see major healthcare reform legislation soon
Don’t expect much healthcare reform from the 118th Congress. That’s what many pundits said after the mid-term elections, based on two common assumptions. 1 The administration had its shot. During the first two years of President Joe Biden’s first term, when Democrats controlled the White House, the Senate and the House, healthcare reform was mostly…
Healthcare News of Note: Nurses, doctors and pharmacists rank highest in Gallup’s latest ethics poll
Although nurses, medical doctors and pharmacists recently garnered the highest ethics rankings among 18 professions in a consumer poll, each group’s ratings have fallen over the past two years. There are now at least 15 private-equity-backed management companies that own orthopedic practices across the country. A substantial reduction in the odds of 30-day use of…
Remedies for 340B underpayments remain up in the air after court declines to provide guidance
A federal court is allowing HHS to decide on remedies covering Medicare underpayments to hospitals for 340B drugs.