Medicare, Medicaid and private insurance are increasingly encouraging health care practices to participate in value-based care models such as Managed Care Organizations, Accountable Care Organizations and Medicare Advantage. However, these models can be challenging for health care practices, and success (i.e., operating at a profit while providing quality care to patients) requires an understanding of […]
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Cigna’s Evernorth, which holds a minority stake, could be a logical choice to increase its ownership in VillageMD, analysts said. Cigna did not respond to a request for comment. The company wrote off $1.8 billion of its VillageMD investment in May. Private equity firms will also likely show interest, as could other clinic operators, analysts
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Optum will not bid on Steward Health Care’s physician group, Stewardship Health, during the bankrupt health system’s upcoming auction, a Massachusetts state official has confirmed. The news is a major setback for Steward, which has repeatedly identified selling Stewardship as critical for its financial stabilization. Steward took out $150 million in loans to fund the
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Cano Health, Inc. (“Cano Health” or the “Company”), a leading value-based primary care provider and population health company, announced today it successfully emerged from Chapter 11 as a reorganized private company with a significantly improved capital structure and optimized operations focused on providing quality patient care within the Florida market. The Company has significantly reduced
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Addiction treatment provider Retreat Behavioral Health has shuttered after an intensely chaotic and tragic week sealed the company’s fate. Employees, internal emails and public documents paint a grim picture of a company in distress, leading to late and yet-to-be-paid paychecks for staff and the near-overnight closure of several facilities. This came following the deaths of
