Medicare Advantage star ratings reveal shifts in plan quality and performance; Rite Aid seeks debt reduction and restructures amid financial challenges; workers secure improved wages and staffing
Medicare Advantage 2024 Star Ratings Show Fewer Plans Achieve 5 Stars
The latest Medicare Advantage (MA) 2024 Star Ratings have unveiled a notable decline in the number of plans achieving a coveted 5-star rating, according to Healthcare Finance. The reported shift indicates changes in plan quality and performance across the MA landscape. Health insurers will need to adapt and improve in order to meet the evolving standards and provide the best possible care to Medicare beneficiaries.
Rite Aid Files for Bankruptcy, Appoints New CEO in Bid for Turnaround
American drugstore chain Rite Aid has filed for Chapter 11 bankruptcy protection in New Jersey as it grapples with declining sales, a substantial debt load, and legal issues related to the opioid epidemic, according to CNBC. The company announced the appointment of Jeffrey Stein as its new CEO and chief restructuring officer. While Rite Aid has historically relied on its retail pharmacy segment for growth, it has struggled to compete with larger rivals like CVS and Walgreens and faces stiff competition from online retailers. These challenges, coupled with ongoing lawsuits, have pushed the company to seek bankruptcy protection and undertake a restructuring effort in hopes of achieving long-term success.
Tentative Agreement Reached Between Health Care Workers and Kaiser Permanente After Strike
Unions representing 85,000 health care workers have reached a tentative agreement with Kaiser Permanente, one of the industry giants, following a strike over wages and staffing levels, according to The Associated Press. The deal includes minimum hourly wages of $25 in California and $23 in other states, along with a 21% wage increase over 4 years. Both parties emphasized their commitment to patient care during negotiations. The tentative agreement also addresses concerns around subcontracting, outsourcing, and investing in the workforce, marking it a significant milestone in the healthcare industry.
Hospital Stays and Probable Dementia as Predictors of Relocation to Long-Term Care Facilities
October 22nd 2024This article explores late-life relocations in patients with dementia, hospital stays, and their implications for health care policy, geriatric care, and future research priorities.
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Sustaining Compassionate Trauma Care Across Communities
September 30th 2024September is National Recovery Month, and we are bringing you another limited-edition month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. In our final episode, we speak with Lyndra Bills, MD, and Shari Hutchison, MS.
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Frameworks for Advancing Health Equity: Community Wellness Centers
September 27th 2024Delia Orosco, MS, director of Community Wellness Centers at Inland Empire Health Plan, shares insight into innovative initiatives provided by the wellness centers and their new mobile mammogram clinics.
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