Month: May 2020

From a financial perspective, home health agencies nationwide are struggling to provide care amid the coronavirus. Providers are juggling lower patient volumes and a lack of telehealth reimbursement while also navigating astronomical personal protective equipment (PPE) prices and increased low utilization payment adjustment (LUPA) rates. In New York, those factors and others are expected to
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(AP) Five insurance companies were awarded contracts worth nearly $8 billion a year to manage most of Kentucky’s Medicaid business, Gov. Andy Beshear announced Friday. Landing the contracts were Aetna, Humana, Molina Healthcare, UnitedHealthcare and WellCare, Beshear said. About 1.4 million people in Kentucky receive health coverage through Medicaid. Aetna, Humana and WellCare hold existing
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Joe Biden has seen a surge in support from health care professionals as President Donald Trump struggles to bring in cash from those working in an industry under pressure from the coronavirus pandemic.  The apparent Democratic nominee for president is ahead of Trump, not just in many national polls, but also in financial support from
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The past few months have created incredible challenges and changes in the healthcare supply chain. Since late January, unprecedented global demand and other factors have strained the supply of personal protective equipment (PPE) and other critical products. Many non-acute facilities have either stopped seeing patients because of government guidance to pause patient visits or surgeries
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An assistant director at a Chicago nursing home and long-term care facility alleges in a whistleblower lawsuit that she was fired in retaliation for “objecting to, reporting and refusing directives to participate in unsafe and unlawful conduct in violation of her professional nursing obligations” in relation to COVID-19 care and precautions. The complaint comes at
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It’s been well established that COVID-19 pummeled the finances of healthcare providers. What’s been less discussed: It did a similar number on the associations that support those providers. Hosting massive, in-person conferences that draw hundreds or thousands of people is one of the main ways groups like the American Hospital Association, the American College of
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The Italian national aerobatic team, the Frecce Tricolore, flies over the Piazza Duomo of Milan on May 25, 2020 in Milan, Italy. Restaurants, bars, cafes, hairdressers and other shops have reopened, subject to social distancing measures, after more than two months of a nationwide lockdown meant to curb the spread of Covid-19. Pietro D’Aprano Italians
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Both during and after the COVID-19 crisis, success will favor the innovators. Providers that can adjust their business operations accordingly and keep up with the sweeping regulatory changes will have a massive advantage moving forward. Conversely, those resistant to the new, post-coronavirus normal run the risk of being left behind. “The easy prediction is that
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Dive Brief:  Nashville-based HCA is disputing with the country’s largest nurses union over contractually bargained wage increases the hospital says it can’t deliver due to pandemic-related financial strains. National Nurses United, which represents 150,000 nurses across the country and 10,000 nurses at HCA, says hospital executives are threatening layoffs, elimination of employer contributions to nurses’ 401k
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The COVID-19 public health emergency has placed a spotlight on the importance of care coordination. One company, Prospero Health, is positioning itself as a one-stop shop when it comes to providing care for older adults. Founded in 2019, Boston-based Prospero Health is a team-based home health company that provides supportive care to seniors with advanced
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The coronavirus pandemic and resulting economic downturn is hitting the United States at a time when unexpected medical bills were already a primary concern for many Americans. Throughout the crisis, states, Congress, the Trump Administration, and private insurance plans have taken various actions to mitigate some affordability challenges that could arise from, or prevent timely
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Dominic Cummings, special advisor for Britain’s Prime Minister Boris Johnson, makes a statement at 10 Downing Street, following the outbreak of the coronavirus disease in London, Britain, May 25, 2020. Jonathan Brady/Pool via Reuters A political crisis is brewing in Britain after Prime Minister Boris Johnson’s closest aide defied calls to quit over an apparent
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Renton, Wash.-based Providence health system reported a net loss of $1.1 billion in the first quarter of 2020, driven by an operating loss of $276 million and a non-operating loss of $837 million, according to financial filings. Higher operating expenses were behind most of the operating loss, while investment losses of $763 million led to
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