#healthcare-industry

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#layoffs

Optum laying off 364 California healthcare workers, shuttering urgent cares

Optum, owned by UnitedHealth Group, is laying off 525 employees across multiple locations including urgent care facilities in Southern California.

Optum laying off 364 California healthcare workers, shuttering urgent cares

Optum, a UnitedHealth Group company, is laying off 525 people in Southern California due to departmental closures at multiple locations.
The layoffs will begin in waves starting Sept. 16 and concluding in January 2025; affected employees will not receive severance pay but may be considered for other open positions within the company.

Bay Area-based health insurance giant to lay off dozens

Blue Shield of California will cut 61 jobs to reduce costs and improve efficiency.

Optum laying off 364 California healthcare workers, shuttering urgent cares

Optum, owned by UnitedHealth Group, is laying off 525 employees across multiple locations including urgent care facilities in Southern California.

Optum laying off 364 California healthcare workers, shuttering urgent cares

Optum, a UnitedHealth Group company, is laying off 525 people in Southern California due to departmental closures at multiple locations.
The layoffs will begin in waves starting Sept. 16 and concluding in January 2025; affected employees will not receive severance pay but may be considered for other open positions within the company.

Bay Area-based health insurance giant to lay off dozens

Blue Shield of California will cut 61 jobs to reduce costs and improve efficiency.
morelayoffs

5 Things Healthcare Leaders Should Know About the 2024 Election - MedCity News

The 2024 election will significantly impact healthcare policies, particularly regarding abortion and drug pricing.
A divided government could stabilize healthcare regulations, reducing unpredictability.
#business-strategy

Why a potential CVS breakup matters

A potential CVS breakup is under discussion but faces skepticism due to the company's integrated business model and operational interdependencies.

VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead | TechCrunch

Bootstrapping can be a strategic choice to maintain focus and avoid being swayed by investor demands.

Why a potential CVS breakup matters

A potential CVS breakup is under discussion but faces skepticism due to the company's integrated business model and operational interdependencies.

VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead | TechCrunch

Bootstrapping can be a strategic choice to maintain focus and avoid being swayed by investor demands.
morebusiness-strategy

New Weight Loss Drug Has Small Problem: Uncontrollable Vomiting

Roche's weight loss drug CT-388 shows high vomiting rates in trials, raising concerns for investors.
#patient-care

Amazon-Owned Health Clinics Reportedly Training AI Chatbot to Triage Patients

Amazon is reshaping the healthcare industry through efficiency and technology like AI chatbots.
Patients and employees of One Medical have complained about reduced services and staff shortages since the Amazon acquisition.

The Healthcare And Pharmaceutical Sector: A Learning Conundrum

The healthcare and pharmaceutical industries encounter significant challenges that impact care delivery and patient outcomes.

A New Florida Law Allows C-Sections Outside of Hospitals

Florida Governor allows C-sections outside hospitals, reflecting a conservative healthcare vision emphasizing deregulation and profit-driven expansion.

Amazon-Owned Health Clinics Reportedly Training AI Chatbot to Triage Patients

Amazon is reshaping the healthcare industry through efficiency and technology like AI chatbots.
Patients and employees of One Medical have complained about reduced services and staff shortages since the Amazon acquisition.

The Healthcare And Pharmaceutical Sector: A Learning Conundrum

The healthcare and pharmaceutical industries encounter significant challenges that impact care delivery and patient outcomes.

A New Florida Law Allows C-Sections Outside of Hospitals

Florida Governor allows C-sections outside hospitals, reflecting a conservative healthcare vision emphasizing deregulation and profit-driven expansion.
morepatient-care

US workforce is seen expanding just 0.4% a year in coming decade

The U.S. labor market growth is slowing, with expected job increase mainly driven by slower population growth.
An aging population will reduce overall labor force participation, projected to drop to 61.2%.
Health care and social assistance sectors are expected to see job growth due to chronic conditions.
#cybersecurity

US blood donation group hit by ransomware attack

OneBlood, a US blood donation non-profit, is operating at a reduced capacity due to a ransomware attack.

Cyber attacks on healthcare organizations are surging - here's why

Healthcare sector faces a surge in cyber attacks leading to financial and human costs, emphasizing the critical need for robust cybersecurity measures.

Researchers Uncover Vulnerabilities in AI-Powered Azure Health Bot Service

Microsoft Azure Health Bot Service had security vulnerabilities allowing access to sensitive patient data, now patched.

Cyber attack forces London hospital trusts to suspend non-emergency operations

Healthcare providers must prioritize cybersecurity to prevent disruptions like the recent cyber attack affecting critical operations at two UK hospital trusts.

Microsoft blamed for million-record theft from Geisinger

Highly personal data on Geisinger patients potentially stolen by a former Nuance Communications employee, prompting a security breach investigation.

UnitedHealth CEO grilled over 'clear national security threat' from Change Healthcare hack

Senators questioned UnitedHealth CEO on recent ransomware cyberattack.

US blood donation group hit by ransomware attack

OneBlood, a US blood donation non-profit, is operating at a reduced capacity due to a ransomware attack.

Cyber attacks on healthcare organizations are surging - here's why

Healthcare sector faces a surge in cyber attacks leading to financial and human costs, emphasizing the critical need for robust cybersecurity measures.

Researchers Uncover Vulnerabilities in AI-Powered Azure Health Bot Service

Microsoft Azure Health Bot Service had security vulnerabilities allowing access to sensitive patient data, now patched.

Cyber attack forces London hospital trusts to suspend non-emergency operations

Healthcare providers must prioritize cybersecurity to prevent disruptions like the recent cyber attack affecting critical operations at two UK hospital trusts.

Microsoft blamed for million-record theft from Geisinger

Highly personal data on Geisinger patients potentially stolen by a former Nuance Communications employee, prompting a security breach investigation.

UnitedHealth CEO grilled over 'clear national security threat' from Change Healthcare hack

Senators questioned UnitedHealth CEO on recent ransomware cyberattack.
morecybersecurity
#private-equity

More public healthcare companies will be taken private. Here's what PE firms are betting on.

Healthcare companies going private through buyouts signal a trend influenced by falling debt rates and private equity interest in healthcare AI.

CG Life doubles in size by buying a digital shop to expand its health and sciences targeting

CG Life acquired Toolhouse to expand tech and omnichannel capabilities in health and biopharma space.
Private equity-backed companies are bringing competition and innovation to the life science agency sector.

More public healthcare companies will be taken private. Here's what PE firms are betting on.

Healthcare companies going private through buyouts signal a trend influenced by falling debt rates and private equity interest in healthcare AI.

CG Life doubles in size by buying a digital shop to expand its health and sciences targeting

CG Life acquired Toolhouse to expand tech and omnichannel capabilities in health and biopharma space.
Private equity-backed companies are bringing competition and innovation to the life science agency sector.
moreprivate-equity

More People Are Overdosing on Ozempic Alternatives

Patients are experiencing serious risks by overdosing on compounded GLP-1 medications, spurred by demand for cheaper alternatives and availability issues of brand-name products.
#bankruptcy

Is your Miami hospital up for sale? What these next steps mean for patients and care

Steward Health System is selling its South Florida hospitals to reduce debt through bankruptcy, impacting patients and employees directly.

Steward Health Care filed for bankruptcy. How will you be impacted?

Steward Health Care, the largest for-profit hospital chain, filed for Chapter 11 bankruptcy, aiming to restructure debts under court supervision while continuing hospital operations.

Steward Health Care files for Chapter 11 bankruptcy

Steward Health Care filing for bankruptcy under Chapter 11.
Debtor-in-possession financing secured to continue operations.
No immediate day-to-day disruptions expected for patients and employees.

Is your Miami hospital up for sale? What these next steps mean for patients and care

Steward Health System is selling its South Florida hospitals to reduce debt through bankruptcy, impacting patients and employees directly.

Steward Health Care filed for bankruptcy. How will you be impacted?

Steward Health Care, the largest for-profit hospital chain, filed for Chapter 11 bankruptcy, aiming to restructure debts under court supervision while continuing hospital operations.

Steward Health Care files for Chapter 11 bankruptcy

Steward Health Care filing for bankruptcy under Chapter 11.
Debtor-in-possession financing secured to continue operations.
No immediate day-to-day disruptions expected for patients and employees.
morebankruptcy

CABS Health Network Celebrates New Location in Bed-Stuy

CABS Health Network celebrated grand opening in Bedford Stuyvesant, highlighting commitment to integrated care management.
#stock-market

CVS Health stock just sunk to its lowest price in 3 years after the pharmacy chain cut its 2024 profit forecast

CVS stock drops over 12% due to Q1 2024 earnings miss and reduced profit forecast.

Could these two health stocks to make big profits this year? - London Business News | Londonlovesbusiness.com

Investing in profitable healthcare stocks can lead to significant returns for investors.

CVS Health stock just sunk to its lowest price in 3 years after the pharmacy chain cut its 2024 profit forecast

CVS stock drops over 12% due to Q1 2024 earnings miss and reduced profit forecast.

Could these two health stocks to make big profits this year? - London Business News | Londonlovesbusiness.com

Investing in profitable healthcare stocks can lead to significant returns for investors.
morestock-market
#generative-ai

Generative AI in healthcare: Adoption trends and what's next

Organizations in the healthcare industry are increasingly implementing generative AI capabilities to reshape their strategies.

HD raises $5.6M to build a Sierra AI for healthcare in Southeast Asia | TechCrunch

Chatbots have evolved from basic, predetermined replies to leveraging large language models for complex problem-solving.
Startups, like Thailand's HD, are utilizing generative AI to create custom chatbots for industries such as healthcare, improving customer engagement.

In Constant Battle With Insurers, Doctors Reach for a Cudgel: A.I.

Generative A.I. chatbots are revolutionizing the healthcare industry by helping doctors efficiently fight for insurance coverage for their patients.

Generative AI in healthcare: Adoption trends and what's next

Organizations in the healthcare industry are increasingly implementing generative AI capabilities to reshape their strategies.

HD raises $5.6M to build a Sierra AI for healthcare in Southeast Asia | TechCrunch

Chatbots have evolved from basic, predetermined replies to leveraging large language models for complex problem-solving.
Startups, like Thailand's HD, are utilizing generative AI to create custom chatbots for industries such as healthcare, improving customer engagement.

In Constant Battle With Insurers, Doctors Reach for a Cudgel: A.I.

Generative A.I. chatbots are revolutionizing the healthcare industry by helping doctors efficiently fight for insurance coverage for their patients.
moregenerative-ai
#conflict-of-interest

Conflixis Raises $275K to Make Sure Conflicts of Interest are Minimized and Possibly Managed

Conflict of interest can leave organizations vulnerable to civil liability and criminal prosecution.
Conflixis is an AI-powered platform that detects fraud, overspending, and compliance related to conflicts of interest.

Senators See Possible Conflicts of Interest in Health Care Pricing Tools

Senate committees are investigating a data analytics firm, MultiPlan, concerned about potential conflict of interest in cutting medical provider payments and impacting patient costs.

Conflixis Raises $275K to Make Sure Conflicts of Interest are Minimized and Possibly Managed

Conflict of interest can leave organizations vulnerable to civil liability and criminal prosecution.
Conflixis is an AI-powered platform that detects fraud, overspending, and compliance related to conflicts of interest.

Senators See Possible Conflicts of Interest in Health Care Pricing Tools

Senate committees are investigating a data analytics firm, MultiPlan, concerned about potential conflict of interest in cutting medical provider payments and impacting patient costs.
moreconflict-of-interest

Is the Healthcare Industry Embracing Risk in Its Contracts? - MedCity News

Healthcare companies embracing risk to win contracts in the shift towards value-based care.

The 9 Best Features To Look For In A Healthcare LMS In 2024

Specialized healthcare LMS platforms cater to industry needs, ensuring compliance, efficiency, and continuous learning for healthcare practitioners.

Investigate UnitedHealth, not providers, medical groups urge

Medical industry groups request UnitedHealth Group to handle notification of Change Healthcare ransomware breach.
#ai

How Healthcare Businesses are Using Automation

Healthcare businesses are using AI and automation to streamline processes and improve patient experiences.
Automation and AI can help healthcare businesses reduce workloads and provide better financial sustainability.

Stack AI wants to make it easier to build AI-fueled workflows | TechCrunch

Stack AI founders identified the need for expertise in combining data and models, leading to the creation of a low-code AI workflow automation tool.

How Healthcare Businesses are Using Automation

Healthcare businesses are using AI and automation to streamline processes and improve patient experiences.
Automation and AI can help healthcare businesses reduce workloads and provide better financial sustainability.

Stack AI wants to make it easier to build AI-fueled workflows | TechCrunch

Stack AI founders identified the need for expertise in combining data and models, leading to the creation of a low-code AI workflow automation tool.
moreai

How Mobile Apps Can Help In The Healthcare Industry: A Path To Business Growth

Mobile applications revolutionize healthcare by enhancing patient engagement, care management, and streamlining administrative tasks.

What does it take to make it as a health marketing agency?

Health marketing agencies see the healthcare and pharmaceutical sectors as lucrative due to the industry's high revenue potential and perceived recession-proof nature.

Kalra Fights Big Med for Single Payer Insurance

Opponents often use fear tactics to discredit proposals for single-payer healthcare systems.
#walmart

Even Walmart thinks American healthcare is too expensive

Walmart closed its 51 health centers due to an unsustainable business model, ending its venture into healthcare.

Healthcare Is a Frontier Not Even Walmart Could Conquer - And It's Not Looking Great For Others Either - MedCity News

Walmart is closing its healthcare division due to lack of sustainable business model, showcasing the difficulty of achieving profitability in the primary care and telehealth markets.

Walmart says it will close its 51 health centers and virtual care service

Walmart is closing its health centers and virtual care service due to lack of sustainable business model and profitability.

Even Walmart thinks American healthcare is too expensive

Walmart closed its 51 health centers due to an unsustainable business model, ending its venture into healthcare.

Healthcare Is a Frontier Not Even Walmart Could Conquer - And It's Not Looking Great For Others Either - MedCity News

Walmart is closing its healthcare division due to lack of sustainable business model, showcasing the difficulty of achieving profitability in the primary care and telehealth markets.

Walmart says it will close its 51 health centers and virtual care service

Walmart is closing its health centers and virtual care service due to lack of sustainable business model and profitability.
morewalmart
#digital-marketing

Council Post: Scaling Your Home Care Agency With AI-Powered Marketing Tools

AI chatbots can enhance client acquisition and support existing clients in home care agencies.
Evaluation of AI chatbot tools is crucial to ensure alignment with business needs and maintain privacy and accuracy.

Getting to the heart of Tums owner Haleon's health influencer strategy

Influencer marketing is essential for engaging younger consumers in the healthcare industry.

Council Post: Scaling Your Home Care Agency With AI-Powered Marketing Tools

AI chatbots can enhance client acquisition and support existing clients in home care agencies.
Evaluation of AI chatbot tools is crucial to ensure alignment with business needs and maintain privacy and accuracy.

Getting to the heart of Tums owner Haleon's health influencer strategy

Influencer marketing is essential for engaging younger consumers in the healthcare industry.
moredigital-marketing

Unlocking growth in new markets: How to crack Southeast Asia

Think global, act local approach is crucial for success in international markets.

Alaffia Health Raises $10M to Supercharge Health Plan Operations With Generative AI

Alaffia Health raised $10 million in Series A funding to enhance AI solutions for health plan claim operations, with rapid revenue growth and recognition for leadership in the industry.

Telehealth firm Cerebral fined $7 million over "careless" privacy violations

FTC proposes $7 million fine against Cerebral for mishandling patient data and sharing with third parties without consent.

America's newest doctors fuel efforts to unionize

Young medical residents at Kaiser Permanente's San Francisco Medical Center are unionizing for higher pay due to high living costs.

Navigating Harvard with a non-apparent disability - Harvard Gazette %

Non-apparent disabilities affect 10% of the U.S. population
Openness about disabilities can empower students to succeed academically

Steward Health Care strikes deal to sell its nationwide physician network to Optum

Optum, a subsidiary of UnitedHealth Group, has agreed to acquire Steward Health Care's nationwide physician network.
Massachusetts Health Policy Commission will review the proposal but does not have the authority to block the transaction.

This Telus offshoot only covers certain drugs for its employees if they come from its own pharmacy | CBC News

Employees of Telus Health are required to use the company's virtual pharmacy for certain prescription drugs.
The policy raises concerns about limited choice for employees and potential impact on those in rural areas.

Uncle Sam intervenes in Change Healthcare ransomware fiasco

US government assists healthcare providers affected by Change Healthcare ransomware
HHS provides support for healthcare industry during cyber attack
#interoperability

Bloomberg

Blockchain technology is being implemented in the healthcare industry to address issues of data security and interoperability.
The use of blockchain in healthcare can improve patient data management and facilitate secure data sharing between healthcare providers.

Tools for Better Data Interoperability Are Here - But Providers Aren't Adopting Them

Interoperability remains a challenge in the healthcare industry.
Software developers are striving to enhance data sharing tools and standards.

Bloomberg

Blockchain technology is being implemented in the healthcare industry to address issues of data security and interoperability.
The use of blockchain in healthcare can improve patient data management and facilitate secure data sharing between healthcare providers.

Tools for Better Data Interoperability Are Here - But Providers Aren't Adopting Them

Interoperability remains a challenge in the healthcare industry.
Software developers are striving to enhance data sharing tools and standards.
moreinteroperability

eLearning For The Healthcare Industry: Addressing Critical Training Needs

Implementing eLearning in healthcare is crucial due to industry complexity and diverse needs.
Challenges in healthcare training include technical improvements, constant learning, clinical understanding, and dealing with diversity.

Job Vacancy: Technischer Vertrieb Auendienst - Ostdeutschland // HKK Bionics GmbH | Sales Jobs | Berlin Startup Jobs

Innovative motorized hand orthosis
Requirements for Sales Representative

Faceoff between Anthem Blue Cross, UC Health shows hazards of industry consolidation

Half a million Anthem Blue Cross enrollees were at risk of losing in-network access to UC Health's network of hospitals and medical facilities.
Patients are increasingly caught in the crossfire of contract disputes, resulting in higher bills for them.

UCI Health to Acquire Four Orange County Hospitals for $1B

UCI Health has paid $975 million in cash to buy four hospitals in Orange County from Tenet Healthcare.
The sale is expected to close this spring, subject to regulatory approvals, clearances, and closing conditions.

Biology, anatomy, and finance? More med students want business degrees too

More medical schools are offering dual MD-MBA programs, leading to an increase in physicians earning advanced business degrees.
Physicians are pursuing business degrees to work in the booming healthcare industry and maximize profits.
#merger

Cigna-Humana Merger Is Likely to Face Antitrust Challenge

Cigna and Humana could merge to create a healthcare powerhouse
Cigna has a large pharmacy benefit management business while Humana has a strong presence in the Medicare Advantage industry

A rumored merger would create yet another health care titan

A potential merger between health insurers Cigna and Humana could create a massive company in the healthcare industry.
The consolidation of hospitals, doctors, and insurers has raised concerns about the impact on patients and taxpayers.

Cigna-Humana Merger Is Likely to Face Antitrust Challenge

Cigna and Humana could merge to create a healthcare powerhouse
Cigna has a large pharmacy benefit management business while Humana has a strong presence in the Medicare Advantage industry

A rumored merger would create yet another health care titan

A potential merger between health insurers Cigna and Humana could create a massive company in the healthcare industry.
The consolidation of hospitals, doctors, and insurers has raised concerns about the impact on patients and taxpayers.
moremerger

Opinion | Magic Pills Are Coming

The healthcare industry is heavily focused on finding a magic pill that can cure major diseases.
Chronic diseases, often caused by obesity, are a significant contributor to healthcare costs.

How Predictive Analytics Aids Decision-Making in Healthcare

Predictive analytics in healthcare can improve patient prognoses and risk scoring, leading to better treatment decisions and outcomes.

Leader Spotlight: Aligning to a 'healthy days' North Star, with Nupur Srivastava - LogRocket Blog

Using the number of days a member considers themselves healthy as a North Star in healthcare.
Evolution of leadership styles throughout a career, emphasizing the need for adaptation and growth.

Some US hospitals are canceling non-emergency surgeries and procedures amid the global IT outage

The global CrowdStrike IT outage is impacting healthcare, leading to delays in patient care and canceled surgeries.

Systemic Neglect: How Staffing Shortages In Nursing Homes Leave Patients Trapped in Hospitals | KQED

Challenges in finding suitable care facilities for patients with complex medical and psychiatric conditions due to staffing shortages.
from www.aljazeera.com
4 months ago

US charges 193 people in $2.7bn healthcare fraud crackdown

Healthcare fraud crackdown in the US resulted in charges against nearly 200 people for false claims exceeding $2.7 billion, including a $900m scheme in Arizona.

'Nursing has a branding problem' on TikTok, according to new report

Social media, particularly TikTok, influences Gen Z workers' perceptions of nursing careers, potentially dissuading them from entering the field.
from WIRED
5 months ago

Medical-Targeted Ransomware Is Breaking Records After Change Healthcare's $22M Payout

Ransomware attacks on healthcare have been increasing, with a significant spike in 2024, impacting insurance payment processing.
The healthcare industry has seen a rise in ransomware incidents compared to overall attacks, with a notable increase post the Change Healthcare incident.
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