Though not quite reaching 2023’s highs, healthcare bankruptcies remained elevated across 2024 with a six-year high among physician practices as well as “the largest hospital sector bankruptcy by far in the last 30 years,” according to new research from Gibbins Advisors. The restructuring advisory firm’s Thursday report outlined 57 Chapter 11 bankruptcy filings among healthcare companies with more than $10 million in liabilities. This was down from the high of 79 filings during the prior year but remains above the average of 42 filings seen from 2019 to 2022, per the report.
Richard Eisenberg wrote for FortuneWell on January 10 that “[P]eople on Medicare won’t get the two years of continued coverage for telehealth appointments and five years’ for acute hospital-at-home programs that were in the bill Congress nearly voted into law in December 2024.” Eisenberg explained that the new administration stated the 1,500-page legislation needed trimming. “Those Medicare coverage extensions—known as waivers—didn’t make it into the bill.”
Oracle Health launched its next-generation EHR late last year and David Feinberg, MD, chair of Oracle Health, joined the "Becker's Healthcare Podcast" to share insights into the next iteration of the platform. The next-generation EHR includes cloud and AI features making it easy to set up and intuitive to run. Oracle designed the system with voice command instead of drop-down screens so clinicians can speak to it and find what they need.
The Centers for Medicare & Medicaid Services has changed course on plans to appeal a court ruling that determined it must recalculate UnitedHealthcare's Medicare Advantage star ratings. The agency submitted a filing in Texas district court earlier this week saying it intended to file an appeal to the Fifth Circuit Court. In new court documents filed Friday, CMS has withdrawn its notice of appeal. The filing doesn't include details on why CMS changed course so quickly.
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