Rising labor costs and high inflation rates are expected to drive up the annual U.S. national health expenditure by $370 billion by 2027, according to a recent report from McKinsey.

More than 120 medical societies have joined the AMA in a letter urging congressional leaders to enact long-term solutions to the systemic problems in the Medicare physician payment system and to address cuts that are going into effect in 2023.

Dozens of medical societies have signed a new letter urging Congress to stop upcoming Medicare payment cuts. “The Medicare payment system remains on an unsustainable path threatening beneficiaries’ access to physicians," they wrote. 

Cano Health is considering a sale after takeover interest from major healthcare players, including CVS Health and Humana, according to several media outlets.

Check out this week’s Movers & Shakers from Health Exec, a roundup of the latest executive movements in the healthcare industry.

The findings highlight an alarming trend in the healthcare industry, as the COVID-19 pandemic has strained the healthcare workforce and accelerated planned departures from the industry.

The deal brings together two healthcare consulting businesses during a period of mass consolidation across the healthcare industry.

The American Hospital Association (AHA) and the American Medical Association (AMA) have dropped their legal challenge to the interim final rule independent dispute resolution process of the No Surprises Act.