In February 2024, a comprehensive disruption swept through healthcare billing and authorization systems nationwide due to a severe ransomware attack on Change Healthcare. This event crippled various business operations, substantially impacted finances, and hindered patient care to an alarming
Medicare Advantage (MA) plans are increasingly capturing the favor of Americans seeking healthcare coverage, demonstrating significantly higher customer satisfaction compared to traditional commercial health plans. This rising preference highlights the shifting dynamics within the healthcare
The rising costs of healthcare are a critical concern for U.S. employers in 2024. With healthcare expenses showing no signs of abating, businesses across various sectors are grappling with how to manage these escalating costs while maintaining employee satisfaction. The financial implications are
The notable trend of declining healthcare bankruptcies has marked recent quarters, presenting a shift in the fiscal landscape of the sector. Based on data from Gibbons Advisors, healthcare companies with liabilities exceeding $10 million have demonstrated significant changes from January 1, 2019,
Steward Health Care System, a prominent Dallas-based healthcare organization, faces a critical financial juncture. The company is grappling with significant operational challenges, particularly within its hospital division. Recently, in a bid to stabilize its finances amid bankruptcy proceedings,
The Commonwealth Healthcare Corp. (CHCC) in the Commonwealth of the Northern Mariana Islands (CNMI) recently received a monumental $6.4 million grant from the Leona M. and Harry B. Helmsley Charitable Trust. The generous donation aims to drastically improve the healthcare infrastructure in the
