Comprehensive Pain Specialists—a Tennessee-based company with clinics in 12 states—will close many, if not all, its facilities. The unannounced move comes after its CEO, John Davis, was indicted for Medicare fraud in April, accused of receiving $770,000 in bribes from another healthcare executive.

On July 7, CMS announced it will stop making risk adjustment payments, which were designed as part of the Affordable Care Act (ACA) to help insurers that accept more high-cost patients avoid major losses.

WeDoctor, a startup worth $5.5 billion, has some saying it will become China's “Amazon of healthcare." The company’s main focus is removing unnecessary red tape and wait times at government clinics.

Pfizer has increased prices for 100 drugs, including Viagra, by an average of 9 percent, according to The Financial Times. The move from America’s largest pharmaceutical company, which took effect July 1, came just a month after President Donald Trump addressed drug costs, saying the industry would voluntarily slash prices.

New research published in Infection Control & Hospital Epidemiology suggests the 2008 CMS’ policy, Hospital Inpatient Prospective Payment System (IPPS), which penalizes hospitals for hospital-associated conditions (HAC) present at the time of the patients’ admission to the hospital has had a minimal impact on hospital reimbursement.

Federal prosecutors in California announced charges against nine individuals—including orthopedic surgeons, chiropractors and a C-suite executive—for allegedly running a 15-year scheme that submitted nearly $1 billion in fraudulent health insurance claims to the federal government, California and private insurers.

GE Healthcare’s parent company has had a rough run lately. The corporate giant has lost half its value in 2017—and another 25 percent this year. GE was also delisted from the Dow Jones Industrial Average. But Monday’s news that GE would spin off its healthcare division into a separate company could provide freedom for the standalone.

Robert Wilkie appeared before the Senate Committee on Veterans Affairs (VA) for his confirmation hearing to be Secretary of the Department of the VA on Wednesday—three months after President Donald Trump fired then-VA Secretary David Shulkin.

Rumors of Amazon’s interest in entering the healthcare space became reality with the announcement earlier this year of a venture with JPMorgan Chase and Berkshire Hathaway. But it looks like the online retail giant has bigger plans. Amazon announced plans for a merger with PillPack, an online pharmacy.

Just over four months away from the 2018 midterm elections, healthcare promises to be a major topic of discussion as campaigns head toward the finish line. According to a recent poll, 25 percent of registered voters said healthcare was the No. 1 issue for this election cycle.

The Kaiser Family Foundation released an issue brief June 22 that projected total Medicare spending to top $1 trillion by 2026, up from a total of $702 billion last year, according to Congressional Budget Office and CMS data.

Calico, a biotech firm backed by Google, announced a $1 billion extension to its partnership with AbbVie. Now with $2.5 billion in funding, the venture is aimed at finding cures for aging-related diseases, such as neurodegeneration and cancer.