Risk Management
CEO Michael Dowling blames federal risk adjustment program that cost CareConnect millions.
The number of consumers in these plans has dropped from 330,000 to 50,000, and those that remain have gotten older and sicker without new customers to balance the risk pool, according to the insurer.
Interventions lead to fewer prescriptions, less opioid consumption by aggressively limiting opioid dose and duration of therapy at the initial first fill.
The money is going to programs to improve health through telemedicine, at home care, portable technology, transportation and drug and other screenings.
Rising pension contributions, swelling labor and pharmaceutical costs are limiting cash flows.
Roughly 30 percent said pinpointing and mitigating the risks associated with medical devices is the industry's greatest cybersecurity challenge.
Medical Center's servers were hit by a ransomware attack in June; officials said investigation couldn't rule out whether patient data was accessed.
Allegheny County Employees' Retirement Fund said exits were retaliation for federal government blocking $37 billion merger with Humana.
Policies pick up support as cyber threats increase in frequency and hospitals face stiff fines tied to data breaches.
The cyberattack was first discovered in February, but the crucial evidence was lost during the investigation in April that rendered it impossible for officials to rule out a breach.