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Pfizer agrees to lower drug costs, $70B US investment
Pfizer will lower drug costs for Medicaid and invest $70B in U.S. manufacturing under a deal announced with President Trump.
Health systems forecast pain from Medicaid cuts
Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns of $40M loss by 2034.
Virginia nursing homes sue state over Youngkin budget veto
Over 180 Virginia nursing homes are suing the state after Gov. Glenn Youngkin vetoed a budget provision to increase Medicaid payments.
Molina Healthcare to close Henrico office, laying off 268 workers
Molina Healthcare, a Fortune 500 company that manages health care services for Medicaid and Medicare recipients, is closing its Henrico County office and laying off 268 workers.
Conservatives block Trump’s big tax breaks bill in a stunning setback
Trump’s tax and spending bill stalls in House as conservatives demand deeper Medicaid and green energy cuts. GOP infighting halts key legislation.
Medicaid cuts could close Virginia’s rural hospitals, Warner warns
Sen. Mark Warner warns Medicaid cuts may shutter hospitals West of Roanoke. In Virginia. That's because many rural hospitals operate in the red, and depend on Medicaid funding to keep the lights on.
Whistleblowers in Sentara insurance investigation revealed
UPDATED MARCH 18 The U.S. District Court for the Western District of Virginia has unsealed a whistleblower complaint against Sentara Health that accused the Hampton Roads health care system of improperly inflating local insurance rates in 2018 and 2019. On Feb. 14, the court revealed the plaintiffs are Sara Stovall, Ian Dixon and Karl Quist […]
Maximus announces feds have backed off $6.6B contract rebid
Editor’s Note: This story has been updated to correct an error in the original version, which incorrectly stated that the contract, not the rebidding process, had been canceled. Tysons-based Maximus, a government contractor specializing in administrative support for Medicare and Medicaid, announced Tuesday that the U.S. Department of Health and Human Services has canceled efforts […]
Inova pays $2.37M to settle False Claims Act allegations
Three Inova Health entities have agreed to pay more than $2.37 million to settle claims that Inova submitted Medicaid claims containing falsified information. The U.S. Attorney’s Office for the Eastern District of Virginia announced on Friday the agreement with Inova Health System Foundation, Inova Health Care Services and Inova Physician Partners, settling the False Claims […]
Top Five October 2024
The top five daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 13 included news that LL Flooring is selling 219 stores and other assets to an entity connected to F9 Group, which is owned by Lumber Liquidators’ founder and former CEO, Tom Sullivan. 1 | Portsmouth business owner pleads guilty to $1.3 […]
Sentara to cut 200 jobs across workforce
Sentara Health is cutting approximately 200 positions across its workforce, officials told employees this week. Most of the affected employees work for Sentara Health Plans and are based in Virginia, according to a statement issued Friday by the Hampton Roads-based health system. The cuts are related to the Medicaid redetermination process and associated decline in […]
CNSI-Kepro rebrands as Acentra Health
The health services tech company that formed from last year’s merger of McLean-based health care IT provider CNSI and Nashville, Tennessee-based health care management tech company Kepro is now branding itself as Acentra Health. The company announced the rebranding Tuesday. “Our new company name and brand represent a new era and a transformational new company,” […]
