Nonprofit group advises employers to be smarter about PBM practices

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Top Story National Alliance of Healthcare Purchaser Coalitions Develops Playbook for Managing Drug Costs The National Alliance of Healthcare Purchaser Coalitions released a playbook on Monday that outlines the key concerns employers have about pharmacy benefit management, and provides several recommendations for employers. Sponsored Content Use a HITRUST Certified Product to Secure Your Data Presented by VenTech Solutions Protect your healthcare cloud environments for as little as $2,850 / month by using Ventech Solutions' QurCloud environmental security wrapper, including a 24X7 SOC – contact info@ventechsolutions.com. Click here for more information! Calling All Female Physical & Mental Health Startups Need more funding? Want help advertising and spreading the word about how your company is making a difference in female physical and mental health? Then apply today to pitch at MedCity News INVEST Digital Health. Deadline to Apply is Saturday, July 15, 2023. There is no fee to apply. Selected startups will receive a complimentary registration to attend the conference. Apply Today!

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Importance of Patient Capital in Life Sciences TSX Venture Exchange has a strong history of helping early-stage health and life sciences companies raise patient capital for research and development purposes. A Preview of HLTH 2023: Elevate Humanity Building on the success of HLTH last year, HLTH's Head of Content Jody Tropeano shared why the theme for the 2023 event, Elevate Humanity, will highlight the encouraging and exciting developments in the healthcare industry across the event agenda, providing reasons for optimism.  A New Approach to Value-Based Care: Diagnostically Connecting Data and Diagnoses The traditional transactional approach to the coding of diagnoses to support billing in a fee-for-service environment is not adequate to meet the care requirements of VBC programs. UCB Muscle Disease Drug Wins FDA Nod on Heels of Rival's Regulatory Approval The FDA approved UCB's Rystiggo for treating generalized myasthenia gravis. Drugs are already available for the rare neuromuscular disorder, but Rystiggo's approval includes treatment of a subset of patients not addressed by other products. Healthcare Moves: A Monthly Summary of Hires and Layoffs Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry. Kaiser Permanente Study: Meal Support Improves Outcomes for Older Adults A Kaiser Permanente Southern California study published in JAMA Health Forum found that Medicare Advantage members who received meals after being discharged from the hospital had lower odds of rehospitalization and death. UCSF Spinout Raises $12M for Platform That Facilitates Secure AI Development BeeKeeperAI — which offers a platform to facilitate the development and deployment of healthcare AI models — raked in $12.1 million in Series A funding led by Santé Ventures. The startup was spun out of UCSF last year. Eli Lilly's Triple Mechanism Sets New High Mark for Weight Loss Drugs Eli Lilly's retatrutide led to an average weight reduction of 24.2%, or 58 pounds, after 48 weeks of treatment in Phase 2 testing. Based on these results, Lilly now plans a comprehensive Phase 3 program that will evaluate the once-weekly injectable drug in weight reduction as well as various complications of obesity. 4 Proven Strategies for a Successful EHR Implementation Putting in the due diligence prior to implementing an EHR software establishes a clear game plan for everyone involved. It will empower your team to work towards a common goal and ultimately serves to improve the lives of physicians and patients.

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MedCity Pivot Podcast: 2 Perspectives on how AI Can Soothe Burnout, Burden of Prior Authorization Presented by MedCity News In this interview with Punit Singh Soni, CEO of Suki and Niall O'Connor, CTO, Cohere Health, they evaluate two areas where AI can have an outsize impact: clinical documentation and prior authorization. Listen Now

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