Plus, Northwell Health and Nuvance Health to merge

This Week

Mar 2, 2024

Optum confirms BlackCat cybercriminal group behind Change Healthcare attack


Revenue cycle management vendor R1 RCM receives $5.8B buyout offer from shareholder New Mountain Capital 


Northwell Health, Nuvance Health unveil 28-hospital merger deal 


WSJ: Department of Justice conducting antitrust probe of UnitedHealth Group 


Walgreens' VIllageMD exits Florida market, shuttering remaining primary care clinics - Paige Minemyer 

 

Featured

Optum confirms BlackCat cybercriminal group behind Change Healthcare attack

Change Healthcare is mitigating a "cybersecurity issue" that began Wednesday, and details remain scant.
 

Top Stories

Revenue cycle management vendor R1 RCM receives $5.8B buyout offer from shareholder New Mountain Capital

The private equity firm and its affiliates currently control almost a third of R1 RCM's shares. The all-cash offer's disclosure on Monday drove stock prices up by about 32% compared to Friday’s close.

Northwell Health, Nuvance Health unveil 28-hospital merger deal

The $18 billion combination, which still requires regulatory signoffs, would give Northwell a foothold in Connecticut and promises "significant investments" for Nuvance.

WSJ: Department of Justice conducting antitrust probe of UnitedHealth Group

Amid a tense week for UnitedHealth Group as the company continues to navigate a cyberattack against its Optum unit, the Wall Street Journal reports that the Biden administration is quietly launching an antitrust probe into the company.

Walgreens' VIllageMD exits Florida market, shuttering remaining primary care clinics

The announcement does not come as a total surprise, as Walgreens first disclosed its plans to close 60 underperforming VillageMD clinics and exit five markets last fall.

ViVE 2024: Optum Health CEO talks cyberattack, what's next for value-based care

LOS ANGELES—Optum Health CEO Amar Desai took the stage at ViVE on Monday morning to discuss the company's value-based care ambitions and strategy, but there was a clear elephant in the room: the cyberattack on Change Healthcare that's still causing disruption nationwide.

Medicare Advantage fraud in DOJ's crosshairs after agency reports $2.7B in settlements

Health fraud settlements under the False Claims Act exceeded $1.8 billion last year, according to the Department of Justice. The agency said it is still litigating Medicare Advantage cases against major insurers.

ViVE 2024: Health systems are making big bets on AI. Here's how

AI took center stage at the ViVE 2024 conference this week and health systems across the country are deploying the tech to tackle issues from easing the drudgery of medical documentation to making it easier for patients to get information about their medical care.

ViVE 2024: Humana taps data automation startup Veda to polish up provider directories

Humana tapped data automation company Veda to improve the accuracy of its provider information and ensure that seniors have real-time details about in-network providers.

Abridge clinches $150M to build out generative AI for medical documentation

Along with the funding round, Abridge also announced an enterprise agreement with Connecticut-based Yale New Haven Health System to give thousands of clinicians access to its AI-powered clinical documentation technology.
 
Fierce podcasts

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'Podnosis': Maternal mental health in the spotlight

This week on "Podnosis," Editor-in-Chief Ayla Ellison explores the critical issue of maternal mental health in an interview with Dr. Ken Levey, co-founder and CEO of Mother Goose Health.
 

Resources

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Future-Ready Your Workforce Strategy

To navigate the complex workforce crisis, while maintaining a focus on improving patient experience, hospitals need flexible workforce solutions and technology to prepare their workforce for the future.
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Generative AI in healthcare: The importance of data management

This white paper looks at how generative AI is changing the healthcare industry and where generative AI can have a big impact on a healthcare company’s business. Insights are shared on why data management and architecture are the essential first steps all healthcare organizations must take to build and deploy scalable and responsible generative AI solutions that produce true business value.

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The MSK Money Pit

Low-value musculoskeletal care is costing patients, employers and health plans over $90 billion per year—more than $10 million every hour. Learn how to put an end to the waste.
 

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