Amgen is shelling out nearly $4 billion to acquire ChemoCentryx, the latest in a string of M&A moves for the pharmaceutical giant and one that helps the company expand its approach to treating autoimmune diseases, and potentially also cancer. ChemoCentryx’s main asset is Tavneos, a treatment for ANCA-associated vasculitis, an autoimmune disease that damages organs, … Read more
Making the US healthcare system sustainable in the future is only possible if there is a recognition that many chronic diseases can be prevented, but it is a complex challenge. The strong correlation between chronic disease outcomes and mental health disorders underscores the disconnect of working to improve chronic disease outcomes without addressing mental health. … Read more
NYC Health + Hospitals recently received a $3.9 million grant from the Helmsley Charitable Trust to incorporate mental health services into ExpressCarethe health system’s virtual urgent care platform. The health system launched ExpressCare in the fall of 2020, when the need to reduce in-person visits was dire. Erfan Karim, the executive director of ExpressCare, said … Read more
CareFirst BlueCross BlueShield announced a collaboration this week with Headway, a tech company that aims to simplify the process for accessing mental health care. Through the partnership, New York City-based Headway is providing its software platform to mental health providers on CareFirst‘s network, which services people in Maryland, Washington DC and Northern Virginia, said Brian … Read more
Under the traditional model hospitals use to fill physician roles, they pay recruiters a hefty fee to send mass outreach messages. These recruiting services are not only costly for hospitals, but they also use a “spray and pray” approach that is ineffective at finding the right candidate, flipMD CEO Lauren Hanson said in an interview. … Read more
About 95% of Medicare beneficiaries are anxious about inflation’s impact on healthcare costs, with 45% saying costs have already increased because of inflation, a recent survey by eHealth found. eHealth, based in Santa Clara, California, is a private online marketplace for health insurance. The survey collected responses online throughout July with 2,519 participants. The respondents … Read more
When Pfizer acquired Array Biopharma for $11.4 billion three years ago, the focus was its FDA-approved cancer drugs. The buyout also came with drug candidates in development for other diseases, and it’s the end of the road for one of them. Pfizer is stopping work on PF-07265893, a drug that had reached Phase 3 testing … Read more
With the recent disclosure of its Q2 financial results, Teladoc‘s losses have swelled to nearly $10 billion in the first half of 2022. The telehealth giant took an impairment charge of $6.6 billion in the first quarter to write down the value of its $18.5 billion Livongo acquisition, which it finalized in the fall of … Read more
A third city in Los Angeles County has increased minimum wages to $25 per hour for certain private healthcare workers, stirring controversy about the impact on healthcare workers at public hospitals. On Monday, the city council of Monterey Park, about seven miles from downtown Los Angeles, voted in favor of a $25 minimum wage for … Read more
When a person is sick and needs immediate care, many think to go to the emergency room. That is the place where care is provided 24/7, and if the ER can’t solve the problem right away, there’s an entire hospital attached that can. But the ER is also riddled with issues. It can be expensive, … Read more