Plus, M&A updates from Steward, Kaiser and Ascension

This Week

Jun 29, 2024

Supreme Court overrules Chevron deference, dealing blow to federal healthcare agencies


Steward Health Care's physician group sale to Optum is off, regulator says


Walgreens slashes profit guidance with plans to close more pharmacy stores, cut stake in VillageMD


Breathing better: Hospitals begin to phase out major pollutants in patient care


‘A mixed bag’: Fifth Circuit rules on ACA preventive services legal case


HHS lowers 64 prescription drug prices under Medicare rebate program - Heather Landi

 

Featured

Supreme Court overrules Chevron deference, dealing blow to federal healthcare agencies

The U.S. Supreme Court is overruling long-standing precedent. Here's how it could affect healthcare policy.
 

Top Stories

Steward Health Care's physician group sale to Optum is off, regulator says

Optum has informed the Massachusetts Health Policy Commission that it is "no longer working to finalize an agreement" with the bankrupt Steward Health Care, a spokesperson for the regulator said.

Walgreens slashes profit guidance with plans to close more pharmacy stores, cut stake in VillageMD

Walgreens is plotting a financial turnaround that includes closing a "significant portion" of underperforming retail pharmacy stores in the U.S. over the next three years. The company also plans to reduce its stake in VillageMD, and will no longer be the company’s majority owner, CEO Tim Wentworth told the Wall Street Journal. 

Breathing better: Hospitals begin to phase out major pollutants in patient care

The Institute for Healthcare Improvement recently wrapped up a decarbonization learning collaborative with more than a dozen hospitals and health systems. They aimed to reduce their overall climate footprint through specific projects. Fierce Healthcare spoke to some of the participants about what they were able to achieve.

‘A mixed bag’: Fifth Circuit rules on ACA preventive services legal case

The Fifth Circuit Court of Appeals has issued its ruling on Braidwood Management v. Becerra, a case that has wide-ranging implications on millions of Americans.

HHS lowers 64 prescription drug prices under Medicare rebate program

Medicare enrollees will see lower prices this quarter for certain drugs treating cancer and genetic disorders under action unveiled by CMS.

UAB Health System acquiring Ascension's Alabama subsidiary for $450M

The deal for Ascension St. Vincent's Health System is expected to close in the fall, pending regulatory approvals and a sign-off from the Catholic Church.

Wyden blasts Express Scripts' pricing tactics, asks CMS to intervene

Sen. Ron Wyden, not letting PBMs out of his sights, is urging CMS to better enforce rules that could curb unfair practices by Express Scripts and other major PBMs.

Supreme Court declines to hear challenge to $2.7B BCBS settlement

The Supreme Court will not hear a legal challenge to the nearly $2.7 billion Blue Cross Blue Shield settlement.

Amazon consolidates Clinic telehealth service into Amazon One Medical offering

Amazon continues to evolve its healthcare business more than a year after spending $3.9 billion on a primary care company. The online retail giant is now folding its Amazon Clinic telehealth service into its One Medical primary care platform. 

Insurtech Sidecar Health picks up $165M to fuel expansion into new markets

Startup Sidecar Health, which reached "unicorn" status two years ago, clinched $165 million in series D financing to turbocharger its growth into new markets.
 
Fierce podcasts

Don’t miss an episode

LGBTQ+ fertility and family building

This week on "Podnosis," Fierce Healthcare’s Anastassia Gliadkovskaya chats with Carrot Fertility’s chief product officer, James Wong, about his personal family-building story and the challenges faced by the LGBTQ+ community when building families.
 

Resources

Whitepaper

The Health Equity Index: How Health Plans Can Get Ahead

Medicare Advantage plans: learn how to leverage data, personalize social risk factor screenings, and collaborate for better health outcomes in our white paper, The Health Equity Index: How Plans Can Get Ahead of the Curve.

Whitepaper

Framework of Observation Care in Admission Decisions

Learn about the utilization patterns of Observation Care as well as the stability of Obs vs. Inpatient admission rates.
Whitepaper

Component Solutions for Implantable Medical Devices

Discover how Murata's small electrical components are revolutionizing implantable medical devices for enhanced reliability and performance.
Whitepaper

The Current State of Healthcare Interoperability

Why rely on a fax machine to safeguard a patient's personal information when you wouldn't transmit your bank details that way? Discover advancements in healthcare interoperability and how to embrace innovative technology to accelerate and enhance patient care.
 
 

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