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Dive Brief: Tenet posted a $120 million profit in the second quarter of this year, up from $88 million during the same time last year, following HCA as the second for-profit system to post a rebound, according to financial results released Wednesday. The Dallas-based hospital chain beat Wall Street expectations on earnings and revenue, posting
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With the advent of cheap genetic sequencing, the world of biology has been flooded with 2D data. Now, artificial intelligence is pushing the field into three dimensions. On Thursday, Alphabet-owned AI outfit DeepMind announced it has used its highly accurate deep learning model AlphaFold2 to predict the 3D structure of 350,000 proteins ’ including nearly
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A shorter version of this column has been published by Axios. Presidents Biden’s Executive Order instructing agencies to develop policies to promote competition in the economy hasn’t received much attention, but could lead to new efforts to control health costs if his administration and Congress respond with measures to stem consolidation in the health care
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Leveraging Food and Drug Administration regulations loosened during the pandemic, Happify Health, which is best known for its consumer wellness app, will launch new prescription-only software to treat depression. Happify, founded in 2019, recently announced it had raised $73 million to bolster its efforts in digital therapeutics, a space that is rapidly growing as well-funded
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Dive Brief: Healthcare facilities must be in full compliance with the Occupational Safety and Health Administration’s Emergency Temporary Standard as of Wednesday, including requirements around ventilation, physical barriers and training. The American Hospital Association, Association of American Medical Colleges and other groups had pushed the agency to delay compliance dates, contending providers needed more time
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CMS is proposing to hike penalties on hospitals that don’t abide by price transparency requirements from $300 daily to potentially thousands of dollars for larger facilities, part of an outpatient payment rule that’s a mixed bag of potential wins and losses for providers. In the proposed 2022 Outpatient Prospective Payment System rule released Monday, the
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After a tumultuous year of unpredictable COVID-19 changes to utilization and spending, a review of early rate filings for individual market insurers participating in the Affordable Care Act Marketplace finds that most are expecting a return to normal in 2022 without the pandemic playing a large role. The review of insurers’ preliminary rate filings in
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So God created mankind in his own image,    in the image of God he created them;    male and female he created them. Genesis 1:27 New International Version Years ago, when I was a freshman at Stanford, I acted in a few college plays. One of my favorite roles was E.K. Hornbeck, the cynical wise-cracking reporter in Jerome Lawrence and Robert E.
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The recent approval of Aduhelm (aducanumab), which treats Alzheimer’s disease and carries an expected annual price tag of $56,000, has brought increased attention to high-cost drugs approved through the FDA’s accelerated approval pathway. While Medicare and its beneficiaries likely will be most impacted by the costs of the drug, as Alzheimer’s disease is most prevalent among
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As they get older, many people worry about the condition of their brain. They fear their brain will no longer be as sharp as it once was. The thought of losing the cognitive ability they had in their youth feels like losing themselves. You may have noticed, though, that it does not happens to everyone.
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About half of emergency ground ambulance rides result in an out-of-network charge for people with private health insurance, potentially leaving patients at risk of getting a surprise bill, a new KFF analysis for the Peterson-KFF Health System Tracker finds. Congress last year enacted the “No Surprises Act,” which prohibits most surprise out-of-network bills when a
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The government of St. Kitts and Nevis has launched an investigation into the clinical trial for a herpes vaccine by an American company because it said its officials were not notified about the experiments. The vaccine research has sparked controversy because the lead investigator, a professor with Southern Illinois University, and the U.S. company he co-founded did
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Livongo Health, a digital health company focused on patients with chronic conditions, has raised $105 million in a Series E round. The startup also unveiled a new partnership with Cambia Health Solutions, a nonprofit health insurance company. Livongo utilizes connected devices and virtual coaching to assist patients with diabetes and hypertension. The latest fundraise was spearheaded by
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The healthcare industry is undergoing a transformative period in which new and innovative technologies, such as artificial intelligence (AI), are revolutionizing standard processes to improve efficiency, enhance patient experiences, and develop cost-saving measures. This presents exciting opportunities for investors, but also some challenges that must be considered before making a significant investment. Here are a
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The MiniMed 670G system from Medtronic When Medtronic won approval for the MiniMed 670G from the FDA in 2019, it was a big deal. Advertised as “The World’s First Hybrid Closed Loop System,” it is the first commercial product of its kind – able to automate insulin delivery and requiring lesser patient input than in
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This post has been updated with comments from Arun Ghosh, KPMG principal. Five healthcare organizations — Humana, UnitedHealthcare, Optum, Quest Diagnostics and MultiPlan — have unveiled a blockchain-based effort that aims to tackle provider data challenges. Currently, healthcare organizations usually keep separate copies of provider directories at hand. This makes it difficult to give patients the right information about
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