Morning Headlines 4/21/15
Health insurance startup Oscar gets unicorn valuation with $145 million in new funding
Oscar Health, a tech-focused health insurer in New York that offers free telehealth visits and free activity trackers to its customers, raises a $145 million funding round on a $1.5 billion valuation in only its second year of operation.
Fiscal Year 2016 proposed Inpatient and Long-term Care Hospital policy and payment changes (CMS-1632-P)
CMS publishes its proposed 2016 policy and payment changes, which includes a 1.35 percent penalty for hospitals that have yet to attest under the Meaningful Use program, and new reporting requirements that will help align MU’s clinical quality measures reporting with the Inpatient Quality Reporting program, in an effort to ease the administrative burden on hospitals.
CMS commits $3 billion to modernize Medicaid-enrollment systems
CMS will spend $3 billion to make permanently adopt changes introduced in 2011 that established a 90 percent reimbursement rate for costs expenses associated with building state Medicaid eligibility and enrollment systems, and 75 percent reimbursement rates for ongoing costs associated with maintaining the systems.
Yet you miss the critical end of that sentence ---- "..yet they have ALL the LEVERAGE IF there were any…