News
Ascension Completes $3. 9 Bn Am Surg Acquisition After FTC Approval
3+ hour, 46+ min ago (346+ words) Ascension has completed its $3. 9 billion acquisition of ambulatory surgery management company Am Surg, days after receiving approval from the Federal Trade Commission (FTC) under conditions designed to preserve competition in several local markets. The transaction, first announced in June 2025, positions…...
Providence Considers Sale of Health Plan Amid Rising Financial Pressures
2+ mon, 1+ week ago (253+ words) Providence Health & Services announced Thursday that it is "exploring strategic options" for its regional insurer, Providence Health Plan (PHP), including a potential sale. The move comes amid financial pressures and increasing demands for technology investment that regional health plans struggle…...
CMS Unveils New Initiatives to Address Healthcare Fraud
3+ mon, 4+ day ago (264+ words) In parallel, the agency is targeting fraudulent billing by durable medical equipment (DME) suppliers. The Centers for Medicare & Medicaid Services (CMS) has unveiled a series of initiatives aimed at strengthening oversight and curbing healthcare fraud, including withholding $259. 5 million in Medicaid…...
Star Health Targets AI-Driven Settlement for Majority of Cashless Claims
2+ mon, 3+ week ago (529+ words) Cashless claims represent nearly 85% of the total claim value and around 70% of the claim volume processed. Currently, about one-fifth of these claims are processed entirely through AI without any human involvement. Star Health Insurance has announced plans to significantly expand…...