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Showing posts from January, 2024

Defaults loom among cash-strapped providers

Having trouble viewing this email? See the online version Wednesday, January 31, 2024 Wednesday, January 31, 2024 Defaults loom among cash-strapped providers, report shows More than half of healthcare chief financial officers surveyed said their organizations violated bond or loan covenants in 2023. Read More > RELATED ARTICLES Healthcare bankruptcies in 2023 hit highest level in 5 years Health systems looking to replenish cash reserves Hospital financial pressures push more M&A

Cigna selling Medicare business to HCSC

Having trouble viewing this email? See the online version Wednesday, January 31, 2024 Wednesday, January 31, 2024 Cigna to sell Medicare business to HCSC for $3.3B With this sale, Cigna is doubling down on its commercial insurance business and its pharmacy, care and benefits solutions branch.   Read More > CVS to shutter 25 MinuteClinic sites in February A CVS spokesperson said the closures would help support the company's future growth strategy.   Read More >

CMS proposes rate cut for MA plans

Having trouble viewing this email? See the online version Wednesday, January 31, 2024 Wednesday, January 31, 2024 Medicare Advantage plans face new rate cut under CMS proposal The latest rate cut sustains a string of regulatory actions unfavorable to Medicare Advantage insurers, which are likely to plead with the Centers for Medicare and Medicaid Services and Congress for relief.   Read More > Cedars-Sinai CEO Thomas Priselac to retire Thomas Priselac was named president and CEO of Cedars-Sinai Medical Center in