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
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
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
PHILADELPHIA — Alex Morrissey’s torn khakis will have to wait for new pants. There is no money left even for sugar free cookies. Even at the beginning of the month the budget is so low that fixodent is a luxury. Now, halfway through, things are so tight that even a diet Pepsi is a stretch. … Read more
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
In March 2017, the fund, overseen by Eberts, invested $100 million in a $488 million deal in March 2017 that dramatically raised the profile of the Chicago-based company and its founders. Eberts, who later retired from Goldman Sachs after 30 years, explained why the firm Invested in Outcome Health and agreed to let Shah and … Read more
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
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
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
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