CVS Health’s third-quarter earnings results released Wednesday (Nov. 6) reflected the company’s ongoing efforts to adapt to a changing healthcare and retail environment. As it continued to overhaul its operations in response to shifting market dynamics, including the digital transformation of healthcare, CVS faced challenges...
As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the...
Two federal agencies warned healthcare providers, Medicare Advantage plans and debt collectors not to improperly bill Qualified Medicare Beneficiary recipients (QMBs), who generally cannot be billed for cost-sharing by healthcare providers who accept Medicare. The Consumer Financial Protection Bureau (CFPB) and the Centers for Medicare...
November 07, 2024
The healthcare industry might be likened to a battleship when it comes to payments innovation. It’s massive and slow to turn, but once turned, the waves made are enormous. In the United States, for example, the Centers for Medicare & Medicaid Services estimated that the healthcare sector accounts for as much as 17% of GDP. […]
November 01, 2024
Though it’s a truism that the world’s become more digitized — Venmo, PayPal, and Cash App are all staples of everyday life while we bank online, order online, and stream...
October 31, 2024
Healthcare is among the largest industries in the world, and with the territory come pain points and inefficiencies as small- to medium-sized companies seek to tap working capital and streamline...
October 24, 2024
For smaller healthcare providers, manual processes dominate the back office — and when it comes to reconciling remittances with deposits, pain points emerge that rival any sprain or bruise. Cash...
November 05, 2024
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the report notes, negotiate the cost of prescription drugs between insurance […]
November 01, 2024
Two federal agencies warned healthcare providers, Medicare Advantage plans and debt collectors not to improperly bill Qualified Medicare Beneficiary recipients (QMBs), who generally cannot be billed for cost-sharing by healthcare...
October 31, 2024
Online subscription platform GoodRx entered the over-the-counter market with its new eCommerce service. “The introduction of this new eCommerce service is part of GoodRx’s broader strategy to further integrate health...
October 29, 2024
The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of...
