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Walgreens Shutters 160 VillageMD Clinics after $6 Billion Loss
Walgreens Boots Alliance reported last week that it lost nearly $6 billion in its second quarter as the company struggles with the loss in value of its investment in VillageMD.
Payer Denial Tactics — How to Confront a $20 Billion Problem
The high cost to health care providers to obtain reimbursement from insurers shows no signs of abating. A recent report from the group purchasing and consulting organization Premier highlights the long-standing problem.
Virtual Care Platform Wheel Expands Its Services, Focusing on Convenience
The virtual care platform Wheel recently made news by saying it would add mental health provider Talkspace, Mark Cuban’s Cost Plus Drug Company and the data-sharing program Health Gorilla into its integrated health care ecosystem this year.
Guthrie Clinic Adds Virtual Care Hub to Address Nursing Shortage, Boost Patient Access and Safety
Leaders from Guthrie Clinic in Sayre, Pennsylvania, detail how the shift to a virtual, team-based approach to care extends the reach of bedside nurses, attracts new nurses, creates a culture of collaboration and improves patient monitoring and satisfaction.
Employers Will Be Focusing on These 3 Health Care Strategy Areas. Are You Ready?
America’s employers will evaluate their health plans, partnerships and vendors more closely this year as they try to create value, achieve higher quality and procure cost-effective services.
Make Behavioral Health More Accessible: Are You Up for the Challenge?
The 2020 AHA Innovation Challenge aims to disrupt behavioral health care, inspire new strategies and test bold ideas that will make it easier for people living with psychiatric or substance-use disorders to obtain and afford better treatment, shatter the stigma commonly associated with behavioral health conditions and change lives for the better.
Cost-Plus Drug Pricing Models Gain Momentum, but Will They Last?
CVS Health plans to launch its CVS CostVantage and CVS Caremark TrueCost programs in 2025. CostVantage will define the drug cost and related reimbursement with contracted PBMs and payers, CVS noted in a statement.
VHA Shark Tank Competition Generates Innovative Health Care Solutions
Improving response to sepsis, reducing emergency department (ED) visits, standardizing communication in the operating room (OR) and streamlining patient alerts were among the winners of the 2023 VHA Shark Tank Competition at last week’s annual VHA Innovation Experience in Washington, DC.
Women’s Health Startup Tia Makes an Impact Treating ‘Medical Orphans’
San Francisco-based Tia launched in 2017 with a vision of reimagining health care with women at the center and helping them to make better decisions about their health. Now, in its first “Women’s Primary Care ‘Plus’ Outcomes Report,” the company shares data about the impact the company is having on its members.
Will Blue Shield’s New Pharma Model Disrupt the PBM Market?
A new plan will transition Blue Shield of California’s drug supply management from CVS Health’s PBM to five companies — a move the payer believes will save its 4.8 million members as much as $500 million a year in drug costs or about 10% to 15% of what it spends on drugs annually.