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Tuesday, Feb 27 2024

Full Issue

$1 Billion Gift Covers All Tuition At Albert Einstein College Of Medicine

The gargantuan donation comes from Ruth Gottesman, a former faculty member and board chair. The Wall Street Journal notes that tuition fees alone at the college cost $60,000 a year. Also in the news, Steward Health Care, UnitedHealth, Elevance, Centene, VillageMD, and more.

The Albert Einstein College of Medicine will now be tuition-free for all students, thanks to a historic $1 billion gift from a former faculty member and board chair. The donation comes from Ruth Gottesman, who after joining the faculty at the Bronx, N.Y.-based Einstein in 1968 developed widely used tools to screen children for learning problems and launched an adult literacy program. Gottesman, 93 years old, and her husband, the late billionaire-investor David 鈥淪andy鈥 Gottesman, were longtime donors to the medical school, and Ruth Gottesman serves as chair of its board of trustees.聽Einstein鈥檚 tuition this year is nearly $60,000, and the school recommends students budget at least another $35,000 a year for living expenses, books and other incidentals. The program lasts four years. ...Students assembled Monday morning to hear Gottesman announce the gift jumped up to hug one another, cheered, and grew tearful upon learning their new financial fate. (Korn, 2/26)

In other health care industry news 鈥

Governor Maura Healey on Monday intensified her criticisms of the troubled Steward Health Care hospital system and its chief executive, calling the company鈥檚 financial situation a 鈥渉ouse of cards鈥 and a 鈥渃harade鈥 that is threatening the state鈥檚 health care market. The first-term Democrat鈥檚 comments came just days after Steward officials submitted some financial data, but not all, in response to a Friday deadline set by Healey. (Stout, 2/26)

R1 RCM, a large publicly traded technology company that helps hospitals and physicians collect money from insurers and patients, may be going private. (Herman, 2/26)

Health insurance companies had a terrific 2023 on Wall Street鈥攁s investors. Some of the largest publicly traded health insurers raked in the largest investment gains in at least a decade last year, according to a Modern Healthcare analysis of financial filings. These windfalls helped boost finances for insurers contending with headwinds such as higher-than-expected Medicare Advantage spending. (Tepper, 2/26)

Early last year, MD Anderson Cancer Center leadership had a problem on their hands: a contentious dispute between one of its most powerful researchers and a junior scientist over authorship, credit, and charges of verbal abuse. High-ranking officials at the cancer center tried 鈥 and failed 鈥 to resolve the feud, and documents obtained by STAT shed new light on the deep divisions at the heart of this case. (Chen, 2/26)

Walgreens' decision to close dozens of VillageMD primary care clinics attached to its stores has left some industry watchers questioning whether the pharmacy chain's strategy is viable. ... All of the affected clinics are attached to聽Walgreens stores, a model executives had touted as a way to encourage better collaboration between physicians and pharmacists. The convenience of locating a medical office right next to a pharmacy was also viewed as a selling point for patients. (Hudson, 2/23)

Also 鈥

麻豆女优 Health News: Without Medicare Part B鈥檚 Shield, Patient鈥檚 Family Owes $81,000 For A Single Air-Ambulance Flight聽

Debra Prichard was a retired factory worker who was careful with her money, including what she spent on medical care, said her daughter, Alicia Wieberg. 鈥淪he was the kind of person who didn鈥檛 go to the doctor for anything.鈥 That ended last year, when the rural Tennessee resident suffered a devastating stroke and several aneurysms. She twice was rushed from her local hospital to Vanderbilt University Medical Center in Nashville, 79 miles away, where she was treated by brain specialists. She died Oct. 31 at age 70. (Leys, 2/27)

Thalia Gonzalez arrived at Long Island Jewish Medical Center prepared. When she checked in for her scheduled induction on July 6, she had her cousin and sister-in-law with her for support, a car seat ready to take her newborn son home, and a small bassinet. But when Gonzalez left the hospital four days later, the car seat was empty, the bassinet unused. Though her son was in good health, Gonzalez was discharged not knowing when she would have him home with her. She still doesn鈥檛 know. (Gerson, 2/26)

Dr. Elizabeth Clayborne is beating the odds. Since she started fundraising in 2021, Clayborne said she鈥檚 raised $3.25 million for her medical device company, NasaClip. As a biracial Black woman, the numbers aren鈥檛 necessarily always on Clayborne鈥檚 side 鈥 in 2021, startups founded by Black women received just 0.34% of venture capital funds nationally 鈥 but she wants to be more than the exception. (Lora, 2/27)

The idea that a full moon drives strange behavior is so deeply ingrained in our culture that some superstitious hospitals even bulk up on staffing when one is coming. New data from hospital safety company Canopy suggests, well, they might be onto something. (Reed, 2/23)

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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