Centivo has named Sarah Fraser as its CFO. Centivo is a health plan administrator for self-insured employers. Ms. Fraser will lead the company’s capital markets strategy and oversee financial performance across customer segments, product lines and markets, according to a…
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Health plans are backing a proposal from Connecticut Gov. Ned Lamont to cap the rates hospitals can charge for out-of-network services, the CT Mirror reported May 9. The measure would bar providers from charging more than 240% of Medicare rates…
Contract disputes between insurers and health systems are down in 2025 compared to the second half of 2024. According to data from FTI Consulting, there were 133 total disputes in 2024, compared to 86 in 2023 and 51 in 2022.…
HHS will not enforce mental health parity regulations opposed by some large employers and insurers. In a May 9 court filing, attorneys for HHS said the department intends to reconsider the rules and may issue a proposed rule rescinding or…
Medicare Advantage insurers and brokers are facing a sweeping lawsuit from the Justice Department, and rising costs continue to hurt payers’ finances. Here are eight Medicare Advantage updates to know:
Portland, Ore.-based Providence Health Plan, a division of Renton, Wash.-based Providence, has laid off about 4% of its workforce due to “strong financial headwinds and challenges” over the last year, a spokesperson for the organization told Becker’s. The 4% reduction translates…
Blue Cross Blue Shield of Vermont is taking steps to shore up its finances in the face of unprecedented challenges, VTDigger reported May 7. In July 2024, BCBS Vermont said it was in a “fragile financial state,” in the face…
Priority Health, the insurance arm of Grand Rapids, Mich.-based Corewell Health, has partnered with Ayble Health to launch a new virtual health program designed to help members manage gastrointestinal disorders. Priority’s commercial members will have access to a virtual GI…
The salary of a Blue Cross Blue Shield CEO can vary significantly depending on factors such as company size, location, recent growth, and internal pressures. Some BCBS companies include executive compensation data within their annual financial reports, which are filed…
A group of Democratic lawmakers is urging Republicans to turn their attention toward Medicare Advantage to cut healthcare spending. In a letter to Senate Majority Leader John Thune and House Speaker Mike Johnson, 36 members of Congress urged leaders to…