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Report: More Traditional Medicare Enrollees Are Buying Medicare Supplement Coverage

The share of traditional Medicare enrollees who bought Medicare Supplement coverage rose to 41% in 2021, compared to 35% in 2017, according to a report from America’s Health Insurance Plans. Medicare Supplement enrollees are three times less likely to have issues paying medical bills than those who only have traditional Medicare.
United States Jeanette Thornton America Health Insurance Plan California Department Of Managed Health Care Medicare Advantage Or Veterans Affairs National Association Of Insurance Commissioners

Tax Breaks Far Outweigh Community Spending at Most Nonprofit Hospitals

A new report from Lown Institute examined the finances of 1,773 private nonprofit hospitals across the U.S. For more than three-quarters of these hospitals, their spending on charity care and community investment was less than the money they received in tax breaks in 2020. These combined deficits totaled $14.2 billion, which is enough money to relieve 18 million Americans’ medical debt or prevent 600 at-risk rural hospitals from closing, according to the report.
United States Kaiser Permanente Vikas Saini Vanderbilt University Medical Center Stanford Health Care Lown Institute

Cell Therapy Pioneers Team Up to Found Viral Vector CDMO Backed by $64M

VintaBio manufactures AAV and lentiviral vectors for entities pursuing clinical development of cell and gene therapies. The contract development manufacturing organization’s launch comes as demand for viral vectors continues to outpace the supply of these crucial components of the therapies.
United States University Of Pennsylvania Shangzhen Zhou Boro Dropuli David Radspinner Junwei Sun

How Modern Natural Language Processing Is Improving Healthcare

Clinical-grade NLP is in the earlier stages of adoption, but as healthcare organizations continue to struggle with unstructured data and clinician burnout, we will see a gradual increase in its use. The AI and deep learning models being developed today in conjunction with medical NLP will be used in healthcare five, 10 and 20 years from now. These technologies will be so tightly integrated into EHRs that they’ll be almost invisible to end users.
Weight Loss Medical Devices Healthcare Innovation Medcity News Medcity News San Francisco

Chinook Therapeutics Pauses Kidney Disease Drug Trial Following Adverse Event Report

The serious adverse event reported in the early-stage study resolved quickly, but Chinook Therapeutics said it is suspected to be related to its experimental primary hyperoxaluria therapy. Meanwhile, Human Immunology Biosciences is looking ahead to Phase 3 after its rare kidney disease drug posted positive mid-stage data.
William Blair Matt Phipps Bio Eyes Pivotal Test Antibody Drug Licensed From Human Immunology Biosciences Last November

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Pear Therapeutics Files for Bankruptcy and Plans for Asset Auction in May

Pear Therapeutics’ Chapter 11 bankruptcy filing follows three corporate restructurings and the inability to secure additional financing to support commercialization of its FDA-cleared prescription digital therapeutics. An auction of Pear’s assets is expected to happen in early May.
Corey Mccann Christopher Guiffre Health Partners Pear President Friday Linkedin Weight Loss

Zocdoc Adds FQHCs to Marketplace To Support Medicare, Medicaid Beneficiaries

Zocdoc, a healthcare marketplace, is adding Federally Qualified Health Centers (FQHCs) to its platform. Patients are now able to find and book appointments with FQHCs working with Zocdoc on the company's website or app, and can filter based on factors like specialty and location.
United States Spring Branch New York Michael Bsaibes Oliver Kharraz Fqhcs Is Spring Branch Community Health Center

What Healthcare Organizations Should Know About Russian Hacking Gang KillNet

The Health Sector Cybersecurity Coordination Center (HC3) recently issued a report letting healthcare organizations know that they are still being heavily targeted by KillNet, a Russian group of cybercriminals. The number of daily attacks KillNet waged against healthcare organizations using Microsoft Azure increased significantly between November 18 and February 17 — from 10-20 attacks per day in November to 40-60 attacks per day in February.
United States Patrick Sullivan Killnet Ddo Health Sector Cybersecurity Coordination Center Michigan Medicine President Biden

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