Morning Headlines 3/3/23
Joint Statement of Chair Khan, Commissioner Slaughter, Commissioner Wilson, and Commissioner Bedoya Regarding Amazon.com, Inc.’s Acquisition of 1Life Healthcare, Inc.
The FTC warns Amazon that it will be monitoring its use of patient data following its acquisition of primary care provider One Medical, noting that it will judge pre-acquisition privacy promises by the standard of a “reasonable consumer” rather than that of a HIPAA expert.
Bright Health Group Reports Fourth Quarter and Full Year 2022 Results
Health insurer Bright Health – fresh off layoffs, the exiting of most lines of business, an impending delisting of shares on the NYSE, and a $1.4 billion loss in 2022 – warns that it has overdrawn its credit and expresses doubt that the company can continue as a going concern.
Fertility player Kindbody gets $100M at $1.8B valuation
Fertility-focused provider Kindbody will use $100 million in new funding to open 10 additional clinics, and acquire virtual health and fertility companies.
FTC moves to ban BetterHelp from sharing mental health data for ad targeting
Online counseling company BetterHelp will pay $7.8 million back to consumers to settle FTC charges that it shared health data with third parties for advertising purposes.
re: Cigna payment model/denials - this is not surprising at all. I had a client sue another large national payer…