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Morning Briefing

Summaries of health policy coverage from major news organizations

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Tuesday, Jun 6 2023

Full Issue

Investigation: Some Michigan Hospitals Made Lots Of Money In Covid

MLive.com examines hospital financial data, which show that during the first years of the pandemic, some Michigan hospitals and health systems raked in great operating profits. UnitedHealth, Sparrow Health, Mayo Clinic, Carbon Health, and more are also in industry news.

During the first years of the pandemic, Michigan hospitals told the public their situation was dire. Their staffs were overworked. Emergency rooms were bursting with patients. Resources were limited. Many furloughed staff, cut workers鈥 salaries or trimmed executive pay, at least temporarily. But an examination of tax records, audited financial statements and federal data collected by a nonprofit found that a few hospitals and health systems did great, posting increases in both operating profits and overall net assets as the pandemic raged. (Miller and Salisbury, 6/6)

In other health care industry news 鈥

There鈥檚 now a two-party showdown for one of the largest home health companies in the country. UnitedHealth Group and its Optum division on Monday formally proposed to buy Amedisys for $100 per share, or about $3.3 billion. (Herman, 6/5)

One year after the University of Michigan's acquisition of Sparrow Health, the Lansing-based health system will get a new name. As of April 1, 2024, it will be known as the University of Michigan Health-Sparrow. (Jordan Shamus, 6/5)

Mayo Clinic on Monday announced a large redevelopment of its main campus in downtown Rochester, Minnesota, two weeks after the health system's threats to scrap investment in the state led to changes in a nurse staffing bill. Minnesota legislators removed a provision to enforce nurse staffing levels聽after Mayo Clinic officials said they would pull billions of dollars in investments unless the proposal was thrown out or an exemption was provided for the health system. (Hudson, 6/5)

Saying that Penn Medicine is not prioritizing care for opioid addiction at a time of soaring overdose deaths, several dozen protesters chanted 鈥減atients over profits鈥 to protest the closure of a West Philadelphia addiction treatment unit at a rally last week. The protest urged Penn to keep open Wright 4, an 18-bed addiction treatment unit at Penn Presbyterian Medical Center. (Whelan, 6/6)

Primary care tech startup Carbon Health is using artificial intelligence to listen in on patient appointments and automatically write up near-complete notes within minutes, directly in its own electronic health record software. (Ravindranath, 6/5)

Also 鈥

Mayor Michelle Wu unveiled a plan Monday to plug more Boston workers into the growing biotech industry, launching a workforce initiative aimed at getting 1,000 city residents trained and hired at drug research and production labs and other life sciences operations by the end of 2025. The city government will initially commit $4 million to the program, funded through grants from the city鈥檚 Neighborhood Jobs Trust and the federal American Rescue Plan, but the investment is expected to grow. (Weisman, 6/5)

For young life scientists hoping to land a prestigious faculty job in academia, postdoctoral research is practically a requirement. But it鈥檚 not a path equally open to everyone. Freshly minted life science Ph.D. graduates who have started families or have big loans, or are Black or female, say they plan to pursue postdoc positions at lower rates than their peers, according to a STAT analysis that includes previously unreported data from the National Center for Science and Engineering Statistics. (Wosen, 6/6)

杨贵妃传媒視頻 Health News: As Fewer MDs Practice Rural Primary Care, A Different Type Of Doctor Helps Take Up The Slack

For 35 years, this town鈥檚 residents have brought all manner of illnesses, aches, and worries to Kevin de Regnier鈥檚 storefront clinic on the courthouse square 鈥 and he loves them for it. De Regnier is an osteopathic physician who chose to run a family practice in a small community. Many of his patients have been with him for years. Many have chronic health problems, such as diabetes, high blood pressure, or mental health struggles, which he helps manage before they become critical. (Leys, 6/6)

杨贵妃传媒視頻 Health News: 'An Arm and a Leg' Podcast: A 鈥楶ayday Loan鈥 From A Health Care Behemoth

Alex Shteynshlyuger, a urologist with a practice in New York City, feels surrounded by UnitedHealth Group. He has seen the company gobble up private practices and says it鈥檚 slow to pay claims. It also started offering cash-flow services that, Shteynshlyuger says, feel a lot like payday loans. UnitedHealth Group is the largest employer of physicians in the United States. And it鈥檚 growing. Has the company become too big? (6/6)

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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