Pear folding without therapeutic risk ‘strategic choice’

Peer Therapeutics said Friday it is exploring “strategic alternatives” and may need to restructure or fold if its efforts fail. digital therapeutic company A potential sale, merger, acquisition, divestiture of assets, licensing agreement or other strategic transaction, or is seeking additional financing, it said in a filing with the Securities and Exchange Commission on Friday. … Read more

HHS Owes Millions in Adjusted Medicare DHS Payments to Hospitals: Lawsuit

Dozens of safety-net hospitals owe hundreds of millions of dollars to the federal government for alleged delays in fixing Medicare Disproportionate Share hospital payments, the hospitals allege in a new lawsuit. About four dozen hospitals in California, Arizona, Nevada, Hawaii and Minnesota filed a lawsuit Tuesday in Washington, D.C., federal court against Secretary of the … Read more

Travel nurse pay remains high as states debate pay cap

To crack down on price gouging, proposed legislation in Missouri would allow for felony charges against healthcare staffing agencies that substantially inflate their prices during a declared emergency. A New York bill includes limits on the amount staffing agencies can charge health facilities. And the Texas measure would allow civil penalties against such agencies. RELATED: … Read more

Nonprofit hospital tax rebates top $28B: KFF

Nonprofit hospitals received $28 billion in taxpayer subsidies in 2020, but provided only $16 billion in free or subsidized care, a new analysis found. Hospitals have long argued that nonprofits are providers that can be adequately measured for their communities and that their various investments are far more than exempt from federal and state income … Read more

United Behavioral Health lawsuit: Patients petition for case to be reopened

Thousands of patients have called on a federal court to overturn a landmark ruling allowing a UnitedHealth Group subsidiary to develop mental and substance abuse coverage guidelines that deviate from clinical standards. accuse of. The plaintiffs filed a petition with the 9th Circuit Court of Appeals on Friday requesting a three-judge panel to rehear their … Read more

AHIP-led coalition offers support for Medicaid rescheduling in 2023

A coalition of health organizations, led by health insurance group AHIP, has come together to create a “one-stop shop” to help the millions of Americans facing enrollment from Medicaid when states begin rolling out their benefits in the coming months. Will review. The Connecting to Coverage Coalition is comprised of 16 associations representing health insurers, … Read more

Silicon Valley Bank Failure Could Hurt Digital Health Investments

The Federal Deposit Insurance Corporation’s decision on Friday to take over Silicon Valley Bank is likely to leave many digital health companies scrambling to pay employees and suppliers. SVB, the nation’s 16th largest bank and headquartered in Santa Clara, California, was a major bank for tech companies, startups and venture capital firms. The bank said … Read more

Providence posts $6B net loss in 2022 following Hogg divestment

Higher labor costs and struggling financial markets, combined with a fractious merger, dealt a multibillion-dollar blow to Providence’s 2022 financial performance. The Catholic nonprofit health system posted a $6.12 billion net loss in 2022, compared to a $517.84 million profit in 2020. Results posted Thursday included a $3.41 billion related loss Providence split from Southern … Read more