Highmark, a commercial health insurance plan based in Pittsburgh, Pennsylvania, will now cover RelieVRx, an FDA-authorized device for chronic low back pain (CLBP) created by AppliedVR, a virtual reality-based therapeutics company. This makes RelieVRx accessible as a covered therapeutic to more than 4 million of Highmark’s commercial members.

Generative AI is working, and the hallucination problems are easing, says Rob Havasy, senior director of informatics strategy at HIMSS.

In AMGA’s newly released 2024 Medical Group Compensation and Productivity Survey, medical groups and healthcare organizations report an increase in compensation of 3.6% for primary care specialties, 5.1% for medical specialties, 5.5% for surgical specialties, and 5.8% for radiology, anesthesiology and pathology specialties in 2023.

Eight hospitals have sued the Department of Health and Human Services over disproportionate share hospital payments that include calculations for Medicare Advantage.

Health system executives plan to invest in artificial intelligence, automation and managed services to improve revenue cycle performance over the next year, according to a new Guidehouse analysis.

The Rite Aid Corporation said it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, cutting about $2 billion worth of total debt and adding $2.5 billion in exit financing. The company said it would now have a “rightsized store footprint, more efficient operating model, significantly less debt and additional financial resources.”

Providence is starting to see scale on AI in clinical use cases and in implementation evaluation, says Dr. Eve Cunningham, chief of virtual care and digital health at Providence.  

Healthcare finance leaders are increasingly focused on cutting costs, with 38% identifying it as their top priority, according to U.S. Bank’s latest CFO Insights Healthcare Report. Artificial intelligence has emerged as a critical area of investment, with 57% of executives planning to invest in AI technologies this year, up from 45% in 2023.

Newly published data suggests low competition among middling players in the pharmaceutical supply chain, with numbers showing that the four largest pharmacy benefit managers in the country control roughly 70% of the national market.

Atlantic Health System, which had an AI maybe approach, is transitioning to an AI first approach, says Sunil Dadlani, chief information & digital officer at Atlantic Health System.