Plus, Oracle signals healthcare ambitions in HQ move

This Week

May 4, 2024

Walmart Health's shutdown underscores major challenges for retail health 'disruptors'


How the virtual care market is shaking out in 2024 as Walmart, Optum exit the telehealth business


CVS' stock tumbles as Medicare Advantage pressures drag Q1 results


CVS scoops up tech-enabled Medicare Advantage broker Hella Health


Oracle's move to Nashville for its world HQ signals broader ambitions for healthcare - Paige Minemyer

 

Featured

Walmart Health's shutdown underscores major challenges for retail health 'disruptors'

Walmart's plan to close down its healthcare clinics in five states underscores the major challenges retail players face in their aim to "disrupt" primary care, healthcare leaders say.
 

Top Stories

How the virtual care market is shaking out in 2024 as Walmart, Optum exit the telehealth business

Many digital health leaders say recent moves by Walmart and Optum to exit telehealth are not a signal that the telehealth era is over but that the virtual care market is moving away from commoditized models like virtual urgent care.

CVS' stock tumbles as Medicare Advantage pressures drag Q1 results

The company posted $1.1 billion in profit for the quarter as well as $88.4 billion in revenue. Both fell short of Wall Street analysts' expectations, according to Zacks Investment Research.

CVS scoops up tech-enabled Medicare Advantage broker Hella Health

CVS has quietly acquired Hella Health, a startup Medicare Advantage broker based in New York City, according to a post on LinkedIn.

Oracle's move to Nashville for its world HQ signals broader ambitions for healthcare

Oracle chairman Larry Ellison said last week that the software giant planned to move its world headquarters to Nashville, a move that surprised many, including, apparently, Austin city officials and Texas state leaders.

Cigna writes off $1.8B of its investment in Walgreens' VillageMD

The Cigna Group posted a $277 million loss in the first quarter on the back of investment losses, according to its earnings report released Thursday.

MultiPlan, major payers again accused of conspiring to limit provider reimbursement

Allegiance Health Management is the latest provider organization to come out against MultiPlan's out-of-network claim repricing business. Its class action filed last week also lists UnitedHealth, Elevance and Aetna among its defendants.

'Too big to fail': Consolidation concerns loom over hearing on Change Healthcare cyberattack

The scale of UnitedHealth Group's sprawling empire was under the microscope on Wednesday as CEO Andrew Witty testified before two congressional panels about the cyberattack on Change Healthcare that's had ripple effects across healthcare.

DOL set to reverse Trump admin's contentious association health plan policy

The Biden administration agreed with concerns that a policy enacted to expand the use of association health plans bypassed protections put in place by the Affordable Care Act.

Kaiser shakes hands with Innovaccer to roll out AI platform in Washington

Innovaccer’s AI platform and population health management solutions will begin to be rolled out this summer to the health system's 650,000 members in Washington.
 
Fierce podcasts

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'Podnosis': Inside the plans to build a health innovation hub in New Jersey’s SciTech Scity

This week on "Podnosis," Fierce Healthcare Senior Writer Anastassia Gliadkovskaya dives into the details of the innovation hub being built in New Jersey's SciTech City.

 

Resources

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How to Elevate Member Retention and Quality Outcomes through Family Caregivers

Join our webinar "Elevate Retention & Outcomes with Caregivers" on May 9, 2pm ET. Learn how to strategically support family caregivers to improve care at home and increase member satisfaction
 

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