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Medicare reduces drug prices | Steward sells physician group for $245M | MD Ally receives funding for EMS telehealth | more

News You Need to Know Today
Medicare reduces drug prices | Steward sells physician group for $245M | MD Ally receives funding for EMS telehealth | more
Friday, August 16, 2024
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Today's News and Trends

Medicare negotiates lower price for 10 vital drugs, saving seniors $1.5B

The move will save the Medicare $6 billion in just one year, an announcement from the Biden administration said.

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Medicare Money dollar payment reimbursement
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Medicare negotiates lower price for 10 vital drugs, saving seniors $1.5B

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Medicare Money dollar payment reimbursement
The move will save the Medicare $6 billion in just one year, an announcement from the Biden administration said.
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Steward sells physician group to private equity firm for $245M

Stewardship Health, a group represented by 3,500 doctors, will be sold to Rural Healthcare Group, owned by private equity firm Kinderhook Industries.

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private equity corporatization business consolidation
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Steward sells physician group to private equity firm for $245M

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private equity corporatization business consolidation
Stewardship Health, a group represented by 3,500 doctors, will be sold to Rural Healthcare Group, owned by private equity firm Kinderhook Industries.
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Company that provides care options to emergency patients earns $14M in funding

MD Ally has now earned a total of $25M and has contracts in Arizona, Florida and Texas, working with emergency and social services to customize care for patients.

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Head CT in the ED
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Company that provides care options to emergency patients earns $14M in funding

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Head CT in the ED
MD Ally has now earned a total of $25M and has contracts in Arizona, Florida and Texas, working with emergency and social services to customize care for patients.
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Drug shortages jeopardize patient access to quality hospital care

American Hospital Association Director of Health Policy and Analytics Bharath Krishnamurthy explains how drug shortages and supply chain issues are negatively impacting U.S. healthcare.

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Bharath Krishnamurthy, a director of Health Policy and Analytics at the American Hospital Association (AHA), explains explains how drug shortages and supply chain issues are negatively impacting U.S. healthcare.
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Drug shortages jeopardize patient access to quality hospital care

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Bharath Krishnamurthy, a director of Health Policy and Analytics at the American Hospital Association (AHA), explains explains how drug shortages and supply chain issues are negatively impacting U.S. healthcare.
American Hospital Association Director of Health Policy and Analytics Bharath Krishnamurthy explains how drug shortages and supply chain issues are negatively impacting U.S. healthcare.
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Featured Articles

Baxter sells kidney care division to private equity firm for $3.8B

Carlyle Group will be the new owner of Vantive, once the sale finalizes in early 2025.

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Baxter sells kidney care division to private equity firm for $3.8B

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Carlyle Group will be the new owner of Vantive, once the sale finalizes in early 2025.
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FDA on track to clear 1,000+ clinical AI algorithms by end of the year

As of July 2024, the FDA reports it has cleared 950 AI algorithms to aid in direct clinical decision making.

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United Imaging AI promotion RSNA 2023
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FDA on track to clear 1,000+ clinical AI algorithms by end of the year

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United Imaging AI promotion RSNA 2023
As of July 2024, the FDA reports it has cleared 950 AI algorithms to aid in direct clinical decision making.
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UnitedHealth launches ‘gold card' to ease prior authorization burden

There is no application process, eligible physicians are automatically approved. In order to earn “gold card status” a practice must have a prior authorization approval rate of 92% or higher for at least the last two years.

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gold card
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UnitedHealth launches ‘gold card' to ease prior authorization burden

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gold card
There is no application process, eligible physicians are automatically approved. In order to earn “gold card status” a practice must have a prior authorization approval rate of 92% or higher for at least the last two years.
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FDA rejects ‘ecstasy’ as treatment for PTSD

The agency has asked for an additional phase 3 study before it considers another application from manufacturer Lykos.

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MDMA Ecstasy
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FDA rejects ‘ecstasy’ as treatment for PTSD

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MDMA Ecstasy
The agency has asked for an additional phase 3 study before it considers another application from manufacturer Lykos.
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In Case You Missed It

Insurance telemarketing CEO sentenced to 25 years in federal prison for lying to consumers

The owner of a health insurance telemarketing company was sentenced to 25 years in federal prison for selling limited indemnity health insurance plans using false and deceptive practices. The FTC had the courts liquidate the company’s assets earlier this year. 

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The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.
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Insurance telemarketing CEO sentenced to 25 years in federal prison for lying to consumers

Share on Twitter Share on Facebook Share on Linkedin
The long legal saga of Richard Paulus, a Kentucky cardiologist accused of performing unnecessary cardiac procedures, appears to still be going strong in 2022 and might be reviewed by the Supreme Court. The New York state radiologist is facing 36 misdemeanor counts for secret sexual recording without consent, according to a story in the Boston Herald.
The owner of a health insurance telemarketing company was sentenced to 25 years in federal prison for selling limited indemnity health insurance plans using false and deceptive practices. The FTC had the courts liquidate the company’s assets earlier this year. 
READ MORE >

North Korean hospital hacker indicted in the US

A North Korean national who may or may not still reside in his home country has been indicted for allegedly leading ransomware attacks against U.S. hospitals.

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hospital ransomware cybercrime hacking
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North Korean hospital hacker indicted in the US

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hospital ransomware cybercrime hacking
A North Korean national who may or may not still reside in his home country has been indicted for allegedly leading ransomware attacks against U.S. hospitals.
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Senate bill would protect rural residents from shock of healthcare service shutdowns

Calling the legislation the Hospital Stability and Health Services Act, Sen. Tammy Baldwin (D-Wis.) suggests she wrote the bill with rural communities in mind.

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wisconsin baldwin rural healthcare
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Senate bill would protect rural residents from shock of healthcare service shutdowns

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wisconsin baldwin rural healthcare
Calling the legislation the Hospital Stability and Health Services Act, Sen. Tammy Baldwin (D-Wis.) suggests she wrote the bill with rural communities in mind.
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In Other News

Up to 25% of physically unresponsive patients are still conscious, imaging shows

The phenomenon, known as cognitive motor dissociation, might occur more often than previously believed.

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Hospice | Caregiving
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Up to 25% of physically unresponsive patients are still conscious, imaging shows

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Hospice | Caregiving
The phenomenon, known as cognitive motor dissociation, might occur more often than previously believed.
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Managing stable angina: How cardiologists can find the right mix of revascularization, therapy and interventions

The management of stable angina has been evolving at a rapid rate. Using a one-size-fits-all strategy is becoming a thing of the past, replaced by a patient-centered approach that requires open communication and a healthy understanding of recent clinical research.

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cardiologists evaluating the human heart to provide a treatment strategy
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Managing stable angina: How cardiologists can find the right mix of revascularization, therapy and interventions

Share on Twitter Share on Facebook Share on Linkedin
cardiologists evaluating the human heart to provide a treatment strategy
The management of stable angina has been evolving at a rapid rate. Using a one-size-fits-all strategy is becoming a thing of the past, replaced by a patient-centered approach that requires open communication and a healthy understanding of recent clinical research.
READ MORE >

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