| 05.18.24 | CVS facing steep Medicare membership loses; Ascension ransomware attack fallout

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Weekly Digest

Webinar: Future Proofing Member Care & Cutting Costs with Digital Health

Wednesday, May 29, 2024 | 1pm ET / 11am PT

Health plans face increasing pressure to ensure members are getting the most out of their benefits while also delivering program engagement and ROI. Join this engaging webinar to learn how Gravie successfully implemented a more effective hybrid care model with digital physical therapy. Register now.

This Week

May 18, 2024

CVS warns it could lose up to 10% of its Medicare members next year

Ascension hit with patient lawsuits amid ongoing ransomware attack

Here's what the CEOs and CFOs of public for-profit health systems made in 2023

Kaiser Permanente posts 3.4% operating margin, billions in net income for Q1 2024

Uber Health to roll out new caregiving solution to simplify benefits, logistics for families - Paige Minemyer

Webinar: Using BYOD Mobile Apps for Patient Self-Monitoring

Tuesday, June 11, 2024 | 11am ET / 8am PT

This webinar explores how BYOD mobile health apps, such as Clear Arch Mobile, facilitate patient engagement in health management by enabling patients to transmit vital sign readings to care teams for prompt assessment, from any location. Download now.

Featured

CVS warns it could lose up to 10% of its Medicare members next year

By Noah Tong

CVS Health is reassessing its Medicare Advantage business and weighing the possibility of exiting certain markets as it looks to get its margins under control.

Ascension hit with patient lawsuits amid ongoing ransomware attack

By Dave Muoio

Two class actions filed this week by former patients allege ongoing damages due to their compromised sensitive information. Ascension has not yet publicly disclosed whether such data has been accessed.

Here's what the CEOs and CFOs of public for-profit health systems made in 2023

By Dave Muoio

Four of the country's major health systems collectively paid their CEOs $62.6 million and their CFOs $25.6 million, both substantial increases over 2022.

Kaiser Permanente posts 3.4% operating margin, billions in net income for Q1 2024

By Dave Muoio

The integrated nonprofit's operations more than quadrupled the return of last year's first quarter, though the organization said its performance still lags pre-pandemic numbers.

Whitepaper: Care Beyond the Clinical Environment

Health plans have important questions to answer: How do we keep members connected to providers, with a suite of supportive care services that evolve with their changing needs? And how do we create benefits that drive increased member engagement, improved health outcomes, and better financial performance? In this whitepaper, we explore practical actionable solutions. Download now.

Uber Health to roll out new caregiving solution to simplify benefits, logistics for families

By Anastassia Gliadkovskaya

Uber Caregiver will allow care-receivers to add a caregiver to their Uber profile so they can see and spend their health benefits on eligible services, request rides to doctor’s appointments or order groceries.

RAND: Hospitals charged insurers 254% more than Medicare rates in 2022

By Noah Tong

A new report from RAND Corporation highlighted just how much more employers and private insurers are paying hospitals for inpatient and outpatient services.

UnitedHealth's investments in affordable housing top $1B

By Paige Minemyer

UnitedHealth Group's investments in affordable housing have topped $1 billion, with the program a keystone in its overarching strategy to address health equity and disparities.

Health tech startup Dandelion Health launches data library to advance insights into GLP-1 drugs

By Heather Landi

Dandelion Health developed a GLP-1 data library as a multimodal real-world clinical data set built specifically to surface insights and opportunities related to the GLP-1 receptor agonist drug class.

Senators Whitehouse, Cassidy propose bipartisan primary care payment reform, seek industry feedback

By Heather Landi

Senators Sheldon Whitehouse and Bill Cassidy want to reform how primary care providers get paid through Medicare, and they also want to hear from the healthcare industry about the best way to do it.

Jim Rechtin to step into Humana CEO role on July 1

By Paige Minemyer

The insurer announced Monday that incoming chief executive Jim Rechtin will assume the role in the summer.

Fierce podcasts

Don’t miss an episode

A deep dive into health system and health plan Q1 earnings

In this week’s episode of "Podnosis," Paige Minemyer and Dave Muoio, two journalists from the Fierce Healthcare team, dive into first-quarter earnings updates from some of the largest health plans and health systems, sharing their key insights and the trends they've identified.

Overcoming veteran healthcare hurdles

'Podnosis': Inside the plans to build a health innovation hub in New Jersey’s SciTech Scity

Webinar: Security to Automation: Unleash the Power of Your IT

Unlock the potential of cloud networking for healthcare excellence! Access our on-demand webinar to learn how to increase operational efficiency and deliver exceptional customer experiences that will take your business to the next level. Don't miss out, register now.

Resources

Whitepaper

NIOSH's new Impact Wellbeing™ Guide for hospital leaders.

Develop Your Long-term Plan to Improve Healthcare Worker Wellbeing

The Health Equity Index: How Health Plans Can Get Ahead

Medicare Advantage plans: learn how to leverage data, personalize social risk factor screenings, and collaborate for better health outcomes in our white paper, The Health Equity Index: How Plans Can Get Ahead of the Curve.

Sponsored by: Pack Health, A Quest Diagnostics Company