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Wednesday, Feb 19 2025

Full Issue

Nearly A Year After Cyberattack, Ascension Hasn't Fully Rebounded

Modern Healthcare reports that the St. Louis-based health system spent about $140 million in response to the May 2024 hack and saw operating losses of almost $1 billion. Other names in the news include MultiPlan, CVS Caremark, and the Cleveland Clinic.

Ascension is still grappling with the operational fallout from last year's cyberattack impacting millions of patients. After discovering the attack in May, Ascension took several weeks to restore its main systems, and clinicians pivoted to paper records and fax machines. Since then, nonprofit Ascension has worked to recover lost revenue and patient volumes negatively impacted by the incident. (Hudson, 2/18)

Companies flooded the Federal Trade Commission with premerger notification filings the week before new requirements went into effect. FTC鈥檚 Premerger Notification Office during the week ended Feb. 7 received nearly 400 filings聽that accounted for about 200 transactions, Chairman Andrew Ferguson said in a Monday staff memo. The filings represented an estimated fourfold increase from historical weekly averages. FTC staff should evaluate those filings using the 2023 merger guidelines, which the agency plans to retain, Ferguson said. (Kacik, 2/18)

Healthcare analytics company MultiPlan has rebranded聽and changed its name to Claritev.聽The company, which spent much of the past year navigating rising debt and antitrust lawsuits, said Tuesday the rebrand will have no affect on its existing services. It also plans to begin trading on the New York Stock Exchange under the ticker CTEV on Feb. 28.聽(DeSilva, 2/18)

CVS Health has named Ed DeVaney president of its pharmacy benefit manager CVS Caremark. DeVaney has served as interim president of CVS Health's PBM unit since December and has worked with the company for two decades. He was responsible for growing and retaining CVS Caremark鈥檚 business as president of employer and health plans before taking the role of interim president, the company said in a news release Monday. (Berryman, 2/18)

Also 鈥

Cleveland Clinic researchers are using artificial intelligence to identify existing FDA-approved drugs that may be repurposed to treat other complex diseases. The effort is led by Feixiong Cheng, PhD, director of the Genome Center at Cleveland Clinic. Through advanced computer-based systems and analytical tools, Dr. Cheng and his research team analyze databases of human gene sequences and molecular targets to uncover potential new uses for established medications. The most promising AI-predicted repurposable drugs are then tested using large-scale data. (Diaz, 2/18)

A screening tool was effective in identifying abuse among young children with a single bruise in a pediatric emergency department, a secondary analysis of a validation study showed. Of 349 kids with a single bruise, the TEN-4-FACESp bruising clinical decision rule (BCDR) was positive for 22 of 27 cases classified as abuse and 40 of 322 classified as an accident, thus performing with 81.5% sensitivity and 87.6% specificity, reported Mary Clyde Pierce, MD, of the Ann & Robert H. Lurie Children's Hospital of Chicago, and colleagues in Pediatrics. (Henderson, 2/18)

Have you experienced Rx sticker shock? 鈥

The podcast 鈥溾 is collecting stories from listeners about what they鈥檝e done to get the prescription drugs they need when facing sticker shock. If you鈥檙e interested in contributing, you can and .

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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