Heading into 2024, insurance buyers should expect more of the same for premium prices, according to WTW’s latest Marketplace Realities report. “We don’t expect material or sudden changes in the market – for better or worse,” WTW wrote. Why it…
By Markian Hawryluk | KFF Health News The U.S. spends huge amounts of money on health care that does little or nothing to help patients, and may even harm them. In Colorado, a new analysis shows that the number of…
The government wants to help boost hospital cybersecurity to fend off ransomware and cyberattacks from nation-states, according to an Axios report. Why it matters: Hospitals and the healthcare sector have been under siege from cyber criminals for years. The combination of sensitive patient…
Some hospital systems are refocusing operations and selling long-term care, nursing homes, and hospice businesses. Several hospitals have divested adjacent health businesses since the onset of the Covid-19 pandemic. It comes at a time of rising labor costs and a…
The number of property/casualty (P/C) insurers that saw their credit ratings downgraded by AM Best nearly doubled in the first half of 2023. Why it matters: An insurance company’s creditworthiness refers to the likelihood that the company will default on its…
Ransomware activity is surging in 2023, with third-party vendor risk becoming organizations’ top point of failure. Cyber insurance provider Resilience’s mid-year claims report showed that ransomware notifications increased 1,110% in Q2 2023 vs. Q2 2022. Among the key findings: Cybercriminals…
Motivated to reduce the number of messages physicians respond to, many health systems now charge patients for sending emails. Why it matters: Health system executives want to compensate providers for their time answering emails, according to a report by KFF Health…
By Julie Appleby | KFF Health News “How much is the ice cream?” A simple enough question, featured on a new TV and online advertisement, posed by a man who just wants something cold. A woman behind the counter responds with…
Eight of 10 healthcare executives say difficulty attracting and retaining talent is a serious risk to business—a reflection of ongoing labor issues in healthcare. Why it matters: The healthcare industry continues to face a talent crisis, according to a PricewaterhouseCoopers (PwC)…
Insurance premiums are still rising as Q2 2023 marked the 23rd consecutive quarter of premium increases, the CIAB reported. Why it Matters: The hard insurance market cycle is going strong. Insurance buyers are paying more in premiums and facing stricter coverage…
