Plus, Novo Nordisk ends Wegovy deal with Hims & Hers

Editor's Note: The Fierce Healthcare Weekly Digest will not publish next Saturday, July 5 in observance of the Fourth of July. We'll be back in your inbox on July 12.

This Week

Jun 28, 2025

The top 10 nonprofit health systems by 2024 operating revenue

Caremark to pay $95M in Pennsylvania, as Louisiana attorney general unleashes trio of lawsuits against CVS Health

Hims & Hers stock plunges 30% as Novo Nordisk terminates Wegovy direct sales deal

Insurers pledge to smooth out the prior authorization process

Mehmet Oz: Insurers' prior auth pledge 'an opportunity for the industry to show itself' - Paige Minemyer

 

Featured

The top 10 nonprofit health systems by 2024 operating revenue

By Dave Muoio

Operating revenues popped across fiscal 2024 as many of the largest nonprofits combined strong demand with capacity increases.
 

Top Stories

Caremark to pay $95M in Pennsylvania, as Louisiana attorney general unleashes trio of lawsuits against CVS Health

By Noah Tong

Not long after the state of Louisiana sued CVS Health in three separate lawsuits, the company's PBM was told it must pay $95 million in a long-running suit.

Hims & Hers stock plunges 30% as Novo Nordisk terminates Wegovy direct sales deal

By Heather Landi

Hims & Hers stock plunged around 30% on Monday after drugmaker Novo Nordisk abruptly ended a month-long collaboration to make its weight loss drug Wegovy available on the telehealth company's platform.

Insurers pledge to smooth out the prior authorization process

By Paige Minemyer

Insurers large and small from across the country have announced a series of commitments they're making to reform one of the biggest pain points in the patient journey: prior authorization.

Mehmet Oz: Insurers' prior auth pledge 'an opportunity for the industry to show itself'

By Paige Minemyer

Top HHS officials are touting a multipronged effort from major payers to reform the oft-criticized prior authorization process.

Memorial Sloan Kettering set to go out of UnitedHealthcare's network on July 1

By Paige Minemyer

Memorial Sloan Kettering is warning patients that it may soon be out of network for UnitedHealthcare members.

Vanderbilt University Medical Center announces 650 layoffs, $300M-plus budget cut

By Dave Muoio

The academic medical system attributed its decision to federal reductions in research grants and funding for patient care.

16 House Republicans tell leaders Senate's Medicaid changes go too far, threaten pulling support

By Dave Muoio

A cadre of House Republicans from a swath of rural and non-rural states warned the Senate Majority Leader and House Speaker they "cannot support" a final reconciliation bill that includes the steeper changes to provider taxes and state directed payments outlined in the Senate Finance Committee's proposal.

Generative AI company Abridge scores $300M series E backed by a16z and Khosla Ventures

By Heather Landi

Abridge's technology has now been deployed in more than 150 health systems, a 50% increase from its $250 million series D announcement just four months ago.

RFK Jr. defends proposed HHS budget as Democrats slam cuts, gutting of CDC vaccine panel

By Heather Landi

HHS Secretary Robert F. Kennedy Jr. defended his reorganization of the agency and the proposed fiscal 2026 budget that cuts funding by 25% during a hearing Tuesday of the House Energy and Commerce Health subcommittee.
 
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