The US Centers for Medicare & Medicaid Services (CMS) has granted Medtronic plc, a global healthcare technology leader, transitional pass-through (TPT) payment status for its Symplicity Spyral renal denervation (RDN) catheter. This recognition, under the Medicare Hospital Outpatient Prospective Payment System, is set to be effective from January 1, 2025, for up to three years, […]
Buckeye Health Plan, a subsidiary of Centene Corporation (NYSE: CNC), has been awarded a significant contract by the Ohio Department of Medicaid (ODM) to serve dual-eligible individuals through a Fully Integrated Dual Eligible Special Needs Plan (FIDE SNP). The plan, which integrates medical, behavioral, and long-term care, ensures comprehensive service under a single managed care […]
SelectQuote, Inc., a publicly traded insurance distribution company, has seen a dramatic collapse in its share price following a grim financial forecast. The stock plunged 43.73% to $2.02 as of September 13, 2024, representing a significant fall from its 50-day high of $4.31. This dramatic downturn is largely attributed to a disappointing earnings report and […]
GRAIL, Inc. (Nasdaq: GRAL), a healthcare company renowned for its mission to detect cancer early when it can be effectively treated, has announced a significant milestone in its pursuit of advancing early cancer detection. The first participant has been enrolled in the groundbreaking Real-world Evidence to Advance Multi-Cancer Early Detection Health Equity (REACH/Galleri-Medicare) study at […]
Insurance Technologies said that it has acquired California-based Medicare distribution software company MyMedicareBot for an undisclosed price. Established in 2018, MyMedicareBot offers enrollment, routing of leads, and analytics tools to help Medicare membership growth, retention, as well as profitability. Its product suite includes a multi-carrier quoting and enrolling tool called Field Agent Platform, a personalized […]
PCF Insurance Services has acquired Apple Insurance and Financial Services, a Florida-based insurance broker, for an undisclosed price. Headquartered in Ft. Lauderdale, Apple Insurance is an individual health and Medicare insurance agency, which provides access to Florida Blue. Peter C. Foy — PCF Insurance Services Chairman, Founder, and CEO said: “Apple Insurance is a thriving, […]
Arthur J. Gallagher & Co. has acquired Watkins Insurance & Benefits (dba Watkins Group — Insurance & Benefits Specialists) in Alexandria, Louisiana for an undisclosed price. Watkins Group, which was established in 2008, provides corporations of all sizes with employee benefit solutions along with individual and Medicare coverage solutions. The company serves clients across Central […]
American health insurance giant Humana has wrapped up its previously announced $5.7 billion deal of acquiring full ownership of home health and hospice provider Kindred at Home (KAH). As per the terms of the deal announced in April 2021, Humana acquired the remaining 60% stake it previously did not own in Kindred at Home from […]
The Hilb Group, a global insurance brokerage, has acquired Rhode Island-based Health Quote for an undisclosed price in a move to further consolidate its Medicare business. Health Quote, which is based in South Kingstown, has specialization in Medicare offerings, which include a comprehensive approach to benefits and counsel for the individuals it serves. The clientele […]
Cityblock Health, a US-based healthcare provider that caters to Medicaid and lower-income Medicare beneficiaries, has raised $192 million in a Series C extension funding round. The funding round was led by new investor Tiger Global. Existing investors such as Kinnevik, General Catalyst, Maverick Ventures, Thrive Capital, Wellington Management, Echo Health Ventures, Redpoint Ventures, AIMS Imprint […]