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PE Investments in Insurers Tumble From Last Year
Investments by private-equity firms in insurance underwriting companies rose in the second quarter compared with the first quarter but were significantly down from the same period last year, according to an analysis released by S&P Global.
Providers Rethink Noncompetes Ahead of FTC’s Potential Ban
A ban on noncompete clauses would have a significant impact in the healthcare industry, with research suggesting that at least 40% of physicians are employed under restrictive covenants that often prohibit them from working for competitors within a 30-mile radius for a period of one to two years.
Health Deadlines Pile up as Congress Adjourns for August
Looming expirations include laws to fund the government and community health centers, reauthorize emergency response and pandemic preparedness programs and renew substance use and mental health aid.
HCA’s CEO Addresses Class Action Lawsuit From Data Breach
On or about July 5, an unauthorized party obtained from an HCA external storage location exclusively used to automate the formatting of email messages a list of information pertaining to patients and made it available on an online forum, according to the lawsuit.
New Federal Guidelines may Snag UPMC-Washington Hospital Merger
The Federal Trade Commission and the antitrust division of the Department of Justice jointly issued proposed merger guidelines July 18, which could complicate health care mergers by adding more detailed criteria to the review process. If enacted, the changes could also slow or derail UPMC’s planned affiliation with Washington Health System, experts say.
Audit Finds Virginia Paid Nearly $22M for Dead Medicaid Patients
The audit from the U.S. Health and Human Services’ inspector general’s office estimated that the payments totaled at least $21.8 million on behalf of just over 12,000 enrollees.
Some Experts Predict Nonprofit Healthcare Models will not Survive Healthcare’s Transformation
Eroding economics is often the major reason why a health system agrees to be acquired or merged. These mergers and acquisitions are occurring at an alarming rate.
Regulators Approve OSF Takeover of Shuttered Illinois Hospital
Peoria, IL-based OSF HealthCare received approval from the Illinois Health Facilities and Services Review Board for a certificate of application to takeover shuttered St. Margaret's Health.
Georgia AG Green Lights Wellstar-Augusta Merger
Terms of the merger call for Wellstar to become the sole corporate member of AU Health, with a 40-year contract with the University System of Georgia Board of Regents.
Challenges Facing Not-for-Profit Health Systems
One major challenge is the shift from commercial to government payment models, as public reimbursement fails to cover costs, leading to financial instability. The increasing reliance on government-funded health coverage further exacerbates this issue.