This is default featured slide 1 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.This theme is Bloggerized by Lasantha Bandara - Premiumbloggertemplates.com.

This is default featured slide 2 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.This theme is Bloggerized by Lasantha Bandara - Premiumbloggertemplates.com.

This is default featured slide 3 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.This theme is Bloggerized by Lasantha Bandara - Premiumbloggertemplates.com.

This is default featured slide 4 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.This theme is Bloggerized by Lasantha Bandara - Premiumbloggertemplates.com.

This is default featured slide 5 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.This theme is Bloggerized by Lasantha Bandara - Premiumbloggertemplates.com.

Thursday, July 7, 2022

Crain Communications launches Crain Currency for families managing wealth

https://ift.tt/bR8nCrW


The owner of Crain’s New York Business has launched Crain Currency, a weekly newsletter serving family-owned businesses, family offices and family philanthropies as well as their professional advisers.

A companion website and invitation-only networking platform are planned to launch in the fall.

KC Crain, president and chief executive of Crain Communications, said the publication provides “a new trusted resource for families managing wealth.” Crain Communications has been family-owned for 106 years.

The newsletter debuted June 29 and later this year Crain Currency will add a website and invitation-only networking platform.

Marcus Baram, a former senior editor at Fast Company, is contributing editor. The newsletter’s founding director is Mary Kramer, formerly group publisher of the Crain City Brands.

More than 10,000 single-family and multifamily investment offices are thought to exist in the U.S., with many more overseas, presenting a potentially large audience for the new publication. Crain also hopes to target serial entrepreneurs and private-equity and venture-capital principals.

The family-office sector is in the news more often after the collapse of Archegos Capital Management, where founder Bill Hwang bet wrongly on a handful of small and midsize stocks. That led to calls for more rigorous oversight from leaders including Rep. Alexandria Ocasio-Cortez, as explained in the first issue of Crain Currency.

This story first appeared in our sister publication, Crain’s New York Business.



Source link



source https://financetin.com/crain-communications-launches-crain-currency-for-families-managing-wealth/financetin.com

Friday, July 1, 2022

CMS proposes CoP for new rural emergency hospital model

https://ift.tt/K0CXUDH


Hospitals that participate in the new Rural Emergency Hospital model will have to meet criteria of participation similar to those for critical-access hospitals, the Centers for Medicare and Medicaid Services proposed Thursday.

Rural Emergency Hospitals would need to accept Medicare, have average lengths of stay of 24 hours or shorter, eliminate acute care inpatient services, have transfer agreements with Level I or Level II trauma centers and meet federal employee training and certification requirements, according to a draft regulation. CMS expects the new model to keep more rural hospitals afloat, given that many have low inpatient occupancy rates.

Starting next year, Rural Emergency Hospitals would be reimbursed 5% more for outpatient care than full-service hospitals and receive monthly facility payments. More details on the payment policies and quality requirements will be included in upcoming regulations, CMS said.

The agency asks for input on certain proposed Rural Emergency Hospital standards, including whether they can provide low-risk childbirth services and related outpatient surgeries. CMS also requests comments on whether these facilities should have medical doctors or osteopaths, physician assistants, nurse practitioners, or clinical nurse specialists with training in emergency medicine on call, CMS said.

More than 180 rural hospitals have closed or stopped providing inpatient services since 2005, according to University of North Carolina data. Many rural hospitals have cut back service lines to remain viable, limiting access to care in some regions. About one-fourth of rural hospitals are vulnerable to closure, Chartis Center for Rural Health research shows.



Source link



source https://financetin.com/cms-proposes-cop-for-new-rural-emergency-hospital-model/financetin.com

Cigna sells international assets to Chubb for $5B

https://ift.tt/K0CXUDH


Cigna completed a $5.36 billion sale of its life, accident and supplemental benefits businesses in six countries to Chubb, the insurance company announced Friday.

Cigna agreed to divest its accident, health and life business in Hong Kong, Indonesia, New Zealand, South Korea, Taiwan and Thailand in October. These assets will boost Chubb’s premium revenues by $3 billion, the property and casualty, accident and health, reinsurance, and life insurance company said in a news release.

Cigna expects the sale to generate approximately $5.1 billion in after-tax proceeds, which will be used primarily for share repurchases, the company said in a news release.

“The completion of this transaction allows us to further focus our efforts to grow our global health portfolio,” Cigna CEO and Chair David Cordani said in the news release.

The deal doesn’t involve Cigna’s health businesses in Australia, Hong Kong, Singapore, Europe, the Middle East and North America, the company said. Cigna also will retain joint ventures in Australia, China and India and its domestic supplemental health business.

Other U.S. insurance companies have recently shed international assets.

Centene will unload its $2 billion international health business this year, executives said in June. In May, CVS Health subsidiary Aetna entered into an agreement to sell most of its African, Asia-Pacific, European and Middle Eastern insurance subsidiaries to Allianz Partners for an undisclosed sum. The insurer previously dealt its Thailand operations to Allianz Ayudhya Capital Public Company. Aetna is also considering the future of its medical insurance business in India.



Source link



source https://financetin.com/cigna-sells-international-assets-to-chubb-for-5b/financetin.com

Thursday, June 30, 2022

High court rejects COVID-19 shot mandate case from New York

https://ift.tt/UVSo2Qs


The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for healthcare workers in New York that does not offer an exemption for religious reasons.

The court’s action follows a decision in December in which the justices declined an emergency request to halt the requirement. At the time, doctors, nurses and other medical workers who said they were being forced to choose between their jobs and religious beliefs.

Three conservative justices — Neil Gorsuch, Clarence Thomas and Samuel Alito — dissented earlier and did so again Thursday.

Not a Modern Healthcare subscriber? Sign up today.

New York is one of three states, along with Maine and Rhode Island, that do not accommodate healthcare workers who object to the vaccine on religious grounds.

The court had previously turned away healthcare workers in Maine, who filed a similar challenge, with the same three justices in dissent.

Download Modern Healthcare’s app to stay informed when industry news breaks.



Source link



source https://financetin.com/high-court-rejects-covid-19-shot-mandate-case-from-new-york/financetin.com

Wednesday, June 29, 2022

Explainer: Data privacy concerns emerge after Roe decision

https://ift.tt/xTjusDd


With abortion now or soon to be illegal in over a dozen states and severely restricted in many more, Big Tech companies that collect personal details of their users are facing new calls to limit that tracking and surveillance. One fear is that law enforcement or vigilantes could use those data troves against people seeking ways to end unwanted pregnancies.

History has repeatedly demonstrated that whenever people’s personal data is tracked and stored, there’s always a risk that it could be misused or abused. With the Supreme Court’s Friday overruling of the 1973 Roe v. Wade decision that legalized abortion, collected location data, text messages, search histories, emails and seemingly innocuous period and ovulation-tracking apps could be used to prosecute people who seek an abortion — or medical care for a miscarriage — as well as those who assist them.

“In the digital age, this decision opens the door to law enforcement and private bounty hunters seeking vast amounts of private data from ordinary Americans,” said Alexandra Reeve Givens, the president and CEO of the Center for Democracy and Technology, a Washington-based digital rights nonprofit.

Read more: After Roe, Dems seek probe of tech’s use of personal data

It’s already happening

Until this past May, anyone could buy a weekly trove of data on clients at more than 600 Planned Parenthood sites around the country for as little as $160, according to a recent Vice investigation. The files included approximate patient addresses — derived from where their cellphones “sleep” at night — income brackets, time spent at the clinic, and the top places people visited before and afterward.

It’s all possible because federal law — specifically, HIPAA, the 1996 Health Insurance Portability and Accountability Act — protects the privacy of medical files at your doctor’s office, but not any information that third-party apps or tech companies collect about you. This is also true if an app that collects your data shares it with a third party that might abuse it.

In 2017, a Black woman in Mississippi named Latice Fisher was charged with second-degree murder after she sought medical care for a pregnancy loss.

“While receiving care from medical staff, she was also immediately treated with suspicion of committing a crime,” civil rights attorney and Ford Foundation fellow Cynthia Conti-Cook wrote in her 2020 paper, “Surveilling the Digital Abortion Diary.” Fisher’s “statements to nurses, the medical records, and the autopsy records of her fetus were turned over to the local police to investigate whether she intentionally killed her fetus,” she wrote.

Fisher was indicted on a second-degree murder charge in 2018; conviction could have led to life in prison. The murder charge was later dismissed. Evidence against her, though included her online search history, which included queries on how to induce a miscarriage and how to buy abortion pills online.

“Her digital data gave prosecutors a ‘window into (her) soul’ to substantiate their general theory that she did not want the fetus to survive,” Conti-Cook wrote.

Fisher is not alone. In 2019, prosecutors presented a young Ohio mother’s browsing history during a trial in which she stood accused of killing and burying her newborn baby. Defense attorneys for Brooke Skylar Richardson, who was ultimately acquitted of murder and manslaughter charges, said the baby was stillborn.

But prosecutors argued she’d killed her daughter, pointing in part to Richardson’s internet search history, which included a query for “how to get rid of a baby.” She was later acquitted.

Not a Modern Healthcare subscriber? Sign up today.

Industry response

Technology companies have by and large tried to sidestep the issue of abortion where their users are concerned. They haven’t said how they might cooperate with law enforcement or government agencies trying to prosecute people seeking an abortion where it is illegal — or who are helping someone do so.

Last week, four Democratic lawmakers asked federal regulators to investigate Apple and Google for allegedly deceiving millions of mobile phone users by enabling the collection and sale of their personal data to third parties.

“Individuals seeking abortions and other reproductive healthcare will become particularly vulnerable to privacy harms, including through the collection and sharing of their location data,” the lawmakers said in the letter. “Data brokers are already selling, licensing and sharing the location information of people that visit abortion providers to anyone with a credit card.”

Apple and Google did not immediately respond to requests for comment.

Governments and law enforcement can subpoena companies for data on their users. Generally, Big Tech policies suggest the companies will comply with abortion-related data requests unless they see them as overly broad. Meta, for instance, pointed to its online transparency report, which says “we comply with government requests for user information only where we have a good-faith belief that the law requires us to do so.”

Online rights advocates say that’s not enough.

“In this new environment, tech companies must step up and play a crucial role in protecting women’s digital privacy and access to online information,” said Givens, of the Center for Democracy and Technology, said. For instance, they could strengthen and expand the use of privacy-protecting encryption; limit the collection, sharing and sale of information that can reveal pregnancy status; and refrain from using artificial intelligence tools that could also infer which users are likely to be pregnant.

What about period apps?

After Friday’s Supreme Court ruling, some period-tracking apps tried to assure users that their data was safe. But it helps to read the fine print of the apps’ privacy policies.

Flo Health, the company behind a widely-used period tracking app, tweeted Friday that it would soon launch an “Anonymous Mode” intended to remove personal identity from user accounts and pledged not to sell personal data of its users.

Clue, which also has a period tracking app, said it keeps users’ health data — particularly related to pregnancies, pregnancy loss or abortion — “private and safe” with data encryption. It also said it uses auditing software for regulatory compliance and removes user identities before their data is analyzed by the scientific researchers the company works with.

At the same time, the company acknowledged that it employs “some carefully selected service providers to process data on our behalf.” For those purposes, it said, “we share as little data as possible in the safest way possible.” But Clue offered no further details.



Source link



source https://financetin.com/explainer-data-privacy-concerns-emerge-after-roe-decision/financetin.com

Monday, June 27, 2022

WHO panel: Monkeypox not a global emergency ‘at this stage’

https://ift.tt/9UBOy3s


Declaring a global health emergency means that a health crisis is an “extraordinary” event requiring a globally-managed response and that a disease is at high risk of spilling across borders. WHO previously made similar declarations for diseases including COVID-19, Ebola in Congo and West Africa, Zika in Brazil and the ongoing effort to wipe out polio.

The emergency declaration mostly serves as a plea to draw more global resources and attention to an outbreak. Past announcements have had mixed impact, given that WHO is largely powerless when trying to convince countries to act.

WHO said this week it has confirmed more than 3,200 monkeypox infections in about 40 countries that haven’t previously reported the disease. The vast majority of cases are in men who are gay, bisexual or have sex with other men and more than 80% of the cases are in Europe.

Download Modern Healthcare’s app to stay informed when industry news breaks.

A leading WHO adviser said last month the spike in cases in Europe was likely tied to sexual activity by men at two raves in Spain and Belgium, speculating that its appearance in the gay and bisexual community was a “random event.” British officials have said most cases in the U.K. involve men who reported having sex with other men in venues such as saunas and sex clubs.

Scientists warn that anyone in close, physical contact with someone infected with monkeypox or their clothing or bedsheets is at risk of catching the disease, regardless of their sexual orientation.

People with monkeypox often experience symptoms like fever, body aches and a rash; most recover within weeks without needing medical care.

Monkeypox in Africa mostly affects people who come into contact with infected wild animals, like rodents or primates. There has been about 1,500 reported cases of monkeypox, including 70 deaths, in Congo, Cameroon and the Central African Republic.

To date, scientists haven’t found any mutations in the monkeypox virus that suggest it’s more transmissible or lethal, although the number of changes detected show the virus has likely been spreading undetected for years.

The version of the disease transmitting beyond Africa typically has a fatality rate of less than 1%, while the version seen in Africa can kill up to 10% of people affected.

WHO is also creating a vaccine-sharing mechanism for monkeypox, which could see vaccines go to rich countries like Britain, which currently has the biggest outbreak beyond Africa.

Some experts warned that could entrench the deep inequities seen between rich and poor countries during the coronavirus pandemic.

“France, Germany, the U.S. and U.K. already have a lot of resources and plenty of vaccines to deal with this and they don’t need vaccines from WHO,” said Dr. Irwin Redlener, an expert in disaster preparedness and response at Columbia University.

“What we should be doing is trying to help the countries in Africa where monkeypox has been endemic and largely neglected,” he said. “Monkeypox is not COVID, but our attention should not be so distorted that it only becomes a problem when it is seen in rich countries.”



Source link



source https://financetin.com/who-panel-monkeypox-not-a-global-emergency-at-this-stage/financetin.com

CMS to begin new oncology payment model

https://ift.tt/9UBOy3s


A new payment model targeted at improving Medicare cancer care will begin in mid-2023, the Centers for Medicare and Medicaid Services said Monday.

The voluntary model, known as the Enhancing Oncology Model, builds off the Oncology Care Model, which will end Thursday after six years.

The Center for Medicare and Medicaid Innovation will launch the new model on July 1, 2023, for a five-year test period.

Participating physician group practices will be responsible for patient health quality and total spending during six-month episodes of care. Participants will have the option to bill for a monthly enhanced payment if extra services including around-the-clock access to a clinician, patient navigation services and social-needs screenings are provided to eligible beneficiaries, according to a CMS news release.

Participants also will have to report patient demographic data, including race, ethnicity, language and gender identity. They will have to develop plans for addressing health equity gaps among their patients.

Oncology physician group practices that treat people undergoing chemotherapy for breast cancer, chronic leukemia, lung cancer, lymphoma, multiple myeloma, prostate cancer and small intestine or colorectal cancer can apply beginning Monday. The application period ends Sept. 30.

Private payers, Medicare Advantage plans and Medicaid agencies can also apply to participate and enter into a memorandum of understanding with CMS. The model will have one track for traditional Medicare enrollees, and another run by payers for their own eligible enrollees.

“There are stark inequities in the ability of people with cancer across race, gender, region, and income to access cancer screening, diagnostics, and treatment,” CMS Administrator Chiquita Brooks-LaSure said in the news release. “CMS is working to advance President Biden’s Cancer Moonshot goals by helping Medicare cancer patients better navigate a challenging and often overwhelming journey.”

President Joe Biden in February announced an aim to reduce the cancer death rate by 50% in 25 years and improve the lives of people living with cancer.



Source link



source https://financetin.com/cms-to-begin-new-oncology-payment-model/financetin.com