News

The behavioral healthcare services space is gaining traction in the larger healthcare sector, supported by higher mergers and acquisition activity year to date.

Tenet Healthcare, a Dallas-based healthcare services company that operates 65 hospitals and 500 other healthcare facilities with 110,000 employees, will spin off its revenue cycle subsidiary, Conifer, into a separate entity.

With healthcare being the largest employer in the U.S. and projected to reach 20% of national GDP in the coming years, the sector is ripe with startups looking to make a stake. However, digital health startups are struggling, even with an influx of investment cash, as a result of the current market, according to Justin Barad, MD, co-founder of surgical training platform Osso VR.

CVS Health has launched a new platform aimed at addressing social determinants of health, in collaboration with social care coordination platform Unite Us. The initiative is the first in a series of business programs to be announced by CVS Health targeting social determinants of health, which influence roughly 60% of a person’s life expectancy, the company said.

Clinical data exchange and health technology company Ciox Health has raised $30 million in equity investment in a funding round led by Merck Global Health Innovation Fund and private equity owner New Mountain Capital.

Allergan, a global pharmaceutical company based in Dublin, has issued a voluntary recall for Biocell textured breast implants and tissue expanders after the action was requested by the FDA. The implants have been linked with several health problems and complications, including a rare form of cancer and death.

 

The financial impact of healthcare data breaches on organizations is nearly $6.5 million, according to a recent IBM study on data breach costs. Healthcare organizations had the highest cost of a breach than other industries for the ninth year in a row––about 60% more than other industries in the study.

CMS Administrator Seema Verma does not support expanding the government-sponsored healthcare programs she oversees to all Americans.

With Medicare for all on the lips of many Democratic presidential candidates and public support for universal healthcare coverage at its highest ever, concerns about healthcare usage under such a system have arisen. However, hospital use isn’t likely to rise under a Medicare-for-all plan, according to research published in the Annals of Internal Medicine.

Amazon is in a fight for patient health data after a pharmacy industry player worked to block the e-commerce giant’s online pharmacy business, PillPack, from accessing the information.

Civica Rx, the not-for-profit drug company startup created by hospital and healthcare organizations to reduce the impact of rising drug costs and shortages, has found another pharmaceutical partner to manufacture and supply 14 essential sterile injectable medications.

According to provisional data from the CDC, overdose deaths from opioid abuse in the U.S. likely fell in 2018, representing the first decline in roughly 30 years.