May 16, 2023 – This is the third piece in our series on private equity investment in health care — which explores why conducting due diligence in a health care purchase requires special attention, particularly for private equity firms entering the sector for the first time. The first piece focused on compliance precautions and the second focused on enforcement trends.
This piece details the questions that should be asked to uncover compliance concerns and the red flags that should give a private equity investor in health care pause. If private equity moves too quickly to turn a profit, fundamental regulatory…
health insurance marketplace
Kaiser Permanente Acquires Geisinger Health in $5B Mega-Deal
In one of the largest healthcare deals to date, Kaiser Permanente is acquiring Pennsylvania-based Geisinger Health and investing $5 billion to fold it into a new nonprofit subsidiary called Risant Health, which is set to purchase additional medical groups in coming years.
While regulators still must review this initial acquisition, the marriage of Kaiser and Geisinger would create a behemoth with more than $100 billion in annual revenue — 95% of it coming from the Kaiser side of the equation.
Like Kaiser, Geisinger both owns hospitals — 10 of them — and operates its own health insurance program. Unlike California-based…
How health care workers can get free Chipotle to celebrate National Nurses Week
To celebrate National Nurses Week, Chipotle is awarding lucky health care workers with free meals for them and their team.
The Mexican chain will award 2,000 winners a “Burrito Care Package” with 50 entrée codes for their team, equivalent to more than $1 million in free food. Health care professionals, including nurses, dentists, therapists, pharmacists and others, can enter the sweepstakes here until May 12. Chipotle will start to reach out to winners directly by May 19.
“Given the demands placed on the health care community every day, we know finding time to bond, celebrate, or even eat as a…
Here’s what’s in the bill that spurred the latest Republican walkout from the Oregon Senate
Republicans walked out of the Oregon Senate this week in large part to avoid a vote on a reproductive health care bill that passed the House on Monday. The bill passed despite delay tactics in the House and 6 hours of floor debate. OPB covered that debate and the contents of the bill on Tuesday, publishing a story shortly before the walkout commenced. Below is the short version of that story — just four main things to know about the bill that caused Republican state senators to walk out of the statehouse again.
State senate in session at the Oregon…
Masking requirements set to lift in most Manitoba health-care settings – Winnipeg
By The Staff
The Canadian Press
Posted May 3, 2023 3:49 pm
Updated May 3, 2023 6:51 pm
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Most of the masking requirements implemented at the outset of the COVID-19 pandemic for health-care facilities in Manitoba are set to be lifted next week.
Shared Health, which co-ordinates many health services in the province, says the change will apply to most visitors and patients who are going into acute and long-term care settings.
Monika Warren, the chief operating officer of provincially coordinated health services at Shared Health, says the changes in masking requirements…
Unlicensed health insurer fined, ordered to stop operations in Minnesota
(FOX 9) – A health insurance company based in Texas, but operating in Minnesota, has been fined and ordered to stop selling unlicensed insurance policies in Minnesota.
Salvasen Health, its owner Barry Glenn, and multiple affiliates have been fined $553,000 by the Minnesota Department of Commerce (DOC) and ordered to stop their operations in Minnesota, the DOC said in an announcement Wednesday.
According to the department, Salvasen and affiliates were not licensed in Minnesota to sell health insurance plans but sold unapproved health plans to Minnesota consumers regardless.
The DOC provides regulatory oversight of insurance for Minnesota and initially acted…
Federal dental plan could lead employers to drop coverage: assoc
OTTAWA –
An association of health insurance providers warns it might not be useful for small businesses to provide dental benefits to some employees once the government launches a national dental-care plan.
The Canadian Life and Health Insurance Association has pitched the idea of a federal tax credit for small businesses to convince them not to drop their coverage.
“When governments provide free coverage for any type of benefit, employers will naturally ask if they should continue to pay for those or whether their employees would be as well-served ΓǪ moving to the public plan,” said association president Stephen Frank.…
Opinion: Canadians are the biggest losers in the Supreme Court’s latest health care decision
It was 18 years ago that the Supreme Court of Canada ruled that waitlists for health care in Quebec were an affront to a patient’s constitutional rights – opening the door to private health insurance in the province.
Which is why the court’s decision last week not to hear an appeal of a BC Court ruling, which bans extra-billing and private insurance, is so puzzling. And infuriating. Because not much has changed in the nearly two-decade-long span since its landmark decision on this matter. In fact, it could be argued, the situation has deteriorated even further, with the crisis in…