Insurtech company Clover Health is scaling back its participation in the federal government’s Accountable Care Organization Realizing Equity, Access and Community Health program. “We have decided to significantly decrease the total number of participating physicians,” said President Andrew Toy during the company’s third-quarter earnings call this week.

Even though high patient volume has contributed positively to revenue for medical groups and physician practices in the third quarter, consistently high expenses have been eating into margins, putting such practices in a financial pinch.

Elevance Health, formerly Anthem, has entered into an agreement with CarepathRx, a portfolio company of Nautic Partners, to acquire BioPlus, a comprehensive specialty pharmacy, the insurer announced this week.  BioPlus provides a range of specialty pharmacy services for patients living with complex and chronic conditions, such as cancer, multiple sclerosis, hepatitis C, autoimmune diseases and […]