Amazon Subscriptions: Amazon is evaluating new subscription services in both the grocery and healthcare sectors to latch on to its Prime membership. (Link)
Oracle's Care Innovation: Oracle introduced some new capabilities in its 'next gen' EHR focused on transforming patient and provider experiences. (Link)
Mercy's Home Program: Mercy initiated its inaugural Hospital-at-Home program in St. Louis. (Link)
Walgreens' Care Delivery Model: This Fierce article on Walgreens was an interesting little look into what Walgreens is trying to accomplish in healthcare during its company transformation, integrating both care delivery and pharmacy components into its model. (Link)
Costco's Virtual Offer: Costco introduced $29 virtual health consultations for its members in partnership with Sesame. Jumping headfirst into the healthcare game! Costco has a lot of interesting healthcare offerings and could build something in the space for its members…if it wants to. I mean, if it can keep healthcare costs at a static price in the same way it can a hot dog, there's no telling what Costco could accomplish in healthcare!! (Link)
Bright Health's Wind-Down: The insurtech provided an update on its ACA wind-down, stating its near completion of claims runout. (Link)
Partnership Announcements:
- Intermountain's Select Health partnered with Mark Cuban Cost Plus Drugs to increase transparency and provide lower prices for members. (Link)
- Dock Health partnered with DPC player Hint Health to bring its task management and workflow automation tool to Hint. (Link)
- Ophelia partnered with MSK provider Vori Health to help address pain without use of opioids. (Link)
- Five health systems launched virtual nursing units recently and have found success mitigating labor challenges. (Link)
- SCAN Group invested in Guaranteed's hospice technology services that prioritize inclusivity. "The decision to join forces with SCAN Group marks a strategic step forward in Guaranteed's goals of expanding end-of-life care delivery among vulnerable underserved aging adults, according to McGlory." (Link)
Finance and M&A Updates:
Anything related to the financial side of healthcare and M&A.
Intermountain experienced a 35% decline in operating income in H1 2023 due to rising expenses. Link
Northwell increased its operating margin threefold to 1.8%. Link
Ascension ended the fiscal year with a $2.7B loss, influenced by heightened expenses and a one-time impairment loss. Link
The Hospital at Westlake filed for Chapter 11 bankruptcy amidst challenging industry dynamics. Link
CVS Health developed a novel vertical integration strategy for Humira biosimilars, which Drug Channels' Dr. Adam Fein does a great job of breaking down. Link
Hospitals urged the FTC to abandon proposed updates to pre-merger regulatory filings, deeming them 'largely unnecessary'. Link
In true Beckers fashion, their team aggregated financial results from 21 health systems into one nice summary article. Link
UF Health officially integrated Flagler Health+ into its healthcare system. Link
Innovaccer platform's MSSP ACOs generated savings of 47.5%, totaling $370 million in PY 2022. Link
Union Health entered an agreement with HCA Healthcare to purchase Terre Haute Regional Hospital. Link
American Physician Partners filed for bankruptcy officially after months of rumors at the staffing firm. Link
Pipeline Health announced its intention to sell a hospital and depart from Texas. Link
Digital Health and Innovation Updates:
Notable fundraising announcements, health tech product launches, breakthrough innovation, and reasons for optimism.
Sequoia's commentary and analysis on generative AI in healthcare - everyone's favorite topic! Link
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