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Morning Briefing

Summaries of health policy coverage from major news organizations

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Thursday, May 11 2023

Full Issue

Envision Healthcare Will File For Bankruptcy

Modern Healthcare reports Envision has been hit by soaring labor costs and multiple legal disputes with UnitedHealth Group. Separately, reports say increasing financial losses are driving Babylon Health to be taken private. An $18 million donation to Maine hospitals is among other news.

Physician staffing company Envision Healthcare plans to file for Chapter 11 bankruptcy, the Wall Street Journal reported, citing people familiar with the matter. The filing could happen as early as this weekend, the newspaper reported Tuesday. Much of Nashville, Tennessee-based Envision's $7 billion in outstanding debt would be swapped for shares if the company restructures. (Hudson, 5/10)

Babylon Health announced plans Wednesday to be taken private as it reported a first-quarter loss more than twice the size of a year ago.聽The Austin, Texas-based聽company聽said it entered into an agreement with AlbaCore Capital Group, a London-based investment manager, and its affiliates to accept $34.5 million in interim funding. In return, AlbaCore聽plans to take the company private, provide additional financing and create a long-term employee incentive plan, according to a Wednesday regulatory filing. (Turner, 5/10)

In hospital news 鈥

Philipp Aldana well remembers a very ill young patient last year who needed an MRI scan because of "medical deterioration." The patient was so medically fragile that even the trip from the room to the imaging lab was a danger, said Aldana, co-medical director of the Stys Neuroscience Institute at Wolfson Children's Hospital in Jacksonville. (Scanlan, 5/10)

Bangor鈥檚 two major hospitals will receive $9 million each from the late John Webber鈥檚 estate. Northern Light Eastern Maine Medical Center and St. Joseph Healthcare Foundation made the announcement during a news conference at the Cross Insurance Center on Wednesday. The organizations anticipate several million dollars more at a later date, following the estate鈥檚 settlement. (Royzman, 5/10)

More health care industry developments 鈥

The Medical College of Wisconsin last week called off a panel on the "uses and abuses" of diversity, equity and inclusion efforts in medicine and science after students and faculty said the subject lacked scientific evidence and flew in the face of the college's values. That decision has triggered speakers on the panel, U.S. Sen. Ron Johnson among them, to argue they're the victims of cancel culture and intolerance of contrary thought in academia. (Shastri, 5/10)

Representing a man who died of a ruptured aortic aneurysm, attorney Tom Bosworth turned to an unusual platform in April to argue that the Hospital of the University of Pennsylvania was at fault.He went on TikTok, where more than 175,000 followers know him as the blunt-spoken 鈥渢ommythelawyer.鈥 (Avril, 5/11)

A South Carolina doctor who built a nationwide practice prescribing ketamine for patients to use at home notified them Tuesday that federal authorities have ordered him to stop, prompting panic among those who depend on the drug for their mental health. 鈥淢y privileges to prescribe controlled substances have been suspended until further notice,鈥 Scott Smith of Mount Pleasant, S.C., emailed patients just after 5 p.m., with the subject line 鈥淧ractice closed immediately per DEA instruction,鈥 according to several messages reviewed by The Washington Post. 鈥淚 am in quite a bit of a shock about this,鈥 Smith wrote in the email. (Gilbert, 5/10)

杨贵妃传媒視頻 Health News: 'An Arm and a Leg': Mental Health 鈥楪host Networks鈥 鈥 And A Ghostbuster聽

Many people searching for a therapist or psychiatrist turn to the list of in-network providers offered by their insurance plan. But often, many of the doctors on the list don鈥檛 take that insurance plan, aren鈥檛 accepting new patients, or simply don鈥檛 answer the phone. Researchers and journalists call this phenomenon a 鈥済host network.鈥 So, who you gonna call when you encounter a ghost network? A ghostbuster. (5/11)

Also 鈥

Google鈥檚 generative AI system proved it can answer medical exam questions. But now the company is attempting a bigger leap 鈥 infusing its model with medical images such as X-rays and mammograms to help it communicate with doctors about data routinely used in patient care. (Ross, 5/10)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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