Digital Health Business & Technology Staff Tara Bannow Former Senior Reporter/Minnesota See All Staff Page Recent Stories What Highmark's disclosure reveals about fraudulent billing claims Pittsburgh's Highmark Health made the rare disclosure on Monday that it saved $245 million in 2021 by preventing instances of fraud, waste and abuse. The health insurer said its program has saved almost $1 billion since 2017. Tenet's postponed Conifer spin-off might not happen after all Tenet Healthcare leaders are considering whether it would be more beneficial to keep Conifer in-house rather than spinning it off as a separate subsidiary. 70% of healthcare execs predict more M&A in '22, KPMG survey shows KPMG's annual outlook predicts even more healthcare and life sciences deals this year following an eventful 2021. IBM selling Watson Health data and analytics business to Francisco Partners IBM announced Friday that Francisco Partners will acquire its healthcare data and analytics assets, currently part of Watson Health. Oak Street’s CEO shares more DOJ investigation details The inquiry concerns the company’s relationship with third-party insurance agents and advisors who help older adults pick Medicare Advantage plans. Ex-Baylor Scott & White CEO jumps to Welsh, Carson, Anderson & Stowe Jim Hinton, who left Baylor Scott & White last week, will join the private equity firm as an operating partner. Healthcare underperformed S&P 500 in 2021 for third year straight A new report from SVB Leerink found that the healthcare industry underperformed the S&P 500 Index in 2021 for the third year in a row, and 2022 will bring renewed challenges. Adventist, Memorial Sloan Kettering say VisitPay deals don't equal outsourcing R1's health system clients have been known to outsource employees to the revenue-cycle management company. SCAN Group launching in-home, virtual Medicare Advantage provider SCAN Group is launching a for-profit Medicare Advantage provider called Welcome Health that will provide in-home and virtual care to older adults, including members of SCAN Health Plan. Why the Justice Department is targeting private equity The U.S. Justice Department has since about 2016 included private equity firms as defendants in False Claims Act cases against healthcare companies. The department has received settlements in at least five such cases so far, and officials say to expect more in the future. At Leadership Symposium, healthcare’s C-suite leaders say they’re fed up with status quo At Modern Healthcare’s Leadership Symposium in September, healthcare leaders indicated they’re tired of having the same conversations but seeing little movement on the industry’s cost and access problems. Clover projects direct-contracting growth to outpace Medicare Advantage Clover Health has already almost doubled its managed lives under Medicare's new direct-contracting program, and it expects to grow that bucket by as much as 54% by the end of 2021. One Medical to buy Medicare Advantage provider Iora Health for $2.1 billion One Medical, a primary-care provider for commercially insured patients, hopes to break into the booming Medicare Advantage market with the all-stock purchase of Iora Health. After Livongo win, pressure is on 7wireVentures' second fund Chicago-based 7wireVentures has closed on a $150 million second fund, whose strategic investors include a number of prominent health systems and health plans. Sharp HealthCare, Ochsner Health look to better manage online patient reviews Health systems are increasingly turning to reputation management vendors to help them boost their ratings on websites like Google and Yelp. Load More Sponsored Content
Digital Health Business & Technology Staff Tara Bannow Former Senior Reporter/Minnesota See All Staff Page