| 07.23.22 | Olive cuts 450 staff due to missteps with fast growth and lack of focus

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Thursday, August 11, 2022 | 1pm ET / 10am PT

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Welcome to FierceHealthcare Weekly Digest, your roundup of the biggest and most popular stories from each of our publications.

Featured Story

Olive cuts 450 staffers as CEO cites 'missteps' with fast growth, lack of focus

By Heather Landi

Healthcare automation startup Olive has laid off 450 employees as the CEO cited tough economic conditions as well as "missteps" in the company's strategy.

Whitepaper: What Health Plan Leaders Need to Know About Consumer Engagement

While there is a lot of buzz about consumer experience (CX), apps and portals alone are not the answer. Go beyond the buzz with insider information based on actual health plan data and qualitative feedback from health plan leaders. Download now.

Amazon scoops up primary care company One Medical in deal valued at $3.9B

By Heather Landi

There were reports earlier this month that concierge primary care company One Medical was looking at potential suitors for a takeover deal. It seems Amazon made the right offer.

Officials fret over highly infectious BA.5 as national COVID-19 hospitalizations tick upward

By Dave Muoio

New COVID-19 admissions numbers have been steadily increasing since early April and have doubled since early May, according to the CDC.

Patient safety issues with VA Cerner EHR caused harm to veterans, federal watchdog says

By Heather Landi

A new Oracle-Cerner electronic health record system failed to deliver more than 11,000 orders for specialty care, lab work and other services at Mann-Grandstaff VA Medical Center.

SCAN Group has made its latest investment. Here's why it's betting on nonemergency transport

By Paige Minemyer

SCAN Group is betting on nonemergency medical transport with its latest strategic investment. The company has made several investments in companies that are aiming to rethink care for seniors.

Senate Democrats taking first action to advance deal on ACA subsidies, drug price reform

By Robert King

Democratic Senate leadership confirmed they are moving forward with a narrow spending package that would extend enhanced ACA subsidies for two years and give Medicare the power to negotiate for lower drug prices.

Happify Health is now Twill, The Intelligent Healing Company

By Twill, The Intelligent Healing Company

Twill untangles the complexity of healthcare, with digital-first solutions that connect technology and humanity to guide each person to the care they need, with the tools that will get them there.

Most health insurers have released their rates. Now, experts detail what they are doing with the data

By Robert King

Most health insurers have been complying with a new regulation to post a trove of data on their rates, and experts are detailing how they plan to use it.

Nonprofit hospitals need 'transformational' changes to reverse inflation's bite, Fitch says

By Dave Muoio

2022's ever-shrinking margins will continue if nonprofit hospitals can't secure higher rates, rein in costs and reconsider their business models, the ratings agency wrote in a new report.

Clover Health to offer Medicare Advantage plans in 13 new counties next year

By Paige Minemyer

Clover Health will expand its Medicare Advantage footprint into 13 new counties across three states for the 2023 plan year, the insurer announced.

Playbook: Look beyond transparency mandates to position your business for future success

The work required to make provider data and cost data available to members under the No Surprises Act and the Transparency in Coverage rule is a serious undertaking for payers – but it’s also an opportunity to create new services that improve the member experience. Download to learn more.