UnityPoint Health is bringing in Omega Healthcare as a strategic partner as the nonprofit health system works to improve its financial and operational performance without losing sight of patient care.
Healthcare Business News
The business of health care moves through deals, earnings, funding rounds and leadership changes. This section of Health Plan News covers the corporate side of the industry across insurers, providers, pharmacy companies and health services vendors.
What We Cover
We report on mergers and acquisitions, divestitures, quarterly and annual financial results, bankruptcies and restructurings, venture capital and private equity investment in health care companies, initial public offerings (IPOs), strategic partnerships, major contract awards, and executive and board appointments. Where a transaction affects members or patients, such as a carrier selling a business line or a provider group joining a larger system, we explain what changes and what does not.
Why Business News Matters to Health Plan Members
Consolidation shapes the market. When insurers acquire provider groups, when health systems merge, or when a pharmacy benefit manager is bought by a carrier, the result can change networks, pricing and access to care. Financial results also signal where carriers are expanding and where they are pulling back, which often foreshadows the plan changes announced during open enrollment.
Business news is linked closely with our other sections. Carrier earnings and strategy appear alongside Health Insurance Companies and Blue Cross Blue Shield coverage. Provider transactions connect to Hospitals and Health Systems. Funding for digital health and artificial intelligence (AI) startups connects to Health Technology and AI, and antitrust review of large deals appears in Healthcare Policy and Law.
The latest healthcare business news appears below, newest first.
Fidelis Care Invests $130,000 in Maternal Health to Support Mothers Across New York

Fidelis Care Awards $130,000 in Maternal Health Grants Across New York
Funding Focused on Postpartum Care and Maternal Mental Health
Fidelis Care, a statewide health plan serving more than 2.4 million members in New York, has awarded $130,000 in maternal health grants to seven providers and organizations. The funding is aimed at supporting programs that improve postpartum care and maternal mental health, with a particular focus on underserved and vulnerable communities across the state. [Read more…]
DarioHealth Strikes Gold with Major Health Plan Deal, Boosting Revenue and Market Position

Raintree Systems Snaps Up Yoomi Health in a Bold AI Move for Rehab Therapy
Raintree Systems has made a strategic move by acquiring Yoomi Health, a New York-based leader in AI technologies tailored for rehab therapy. This acquisition strengthens Raintree’s AI Center of Excellence and sharpens its focus on becoming the go-to electronic medical record (EMR) platform for therapy practices. [Read more…]
CareMax Faces Major Shake-Up: Bankruptcy, Asset Sales, and a $693M Debt Load
CareMax, Inc. (NASDAQ: CMAX), a Miami-based healthcare provider operating 56 medical centers across Florida, Texas, Tennessee, and New York, has filed for Chapter 11 bankruptcy. Known for serving older patients with value-based care, the company is now working through a restructuring plan to address $693 million in debt, far exceeding its $390 million in assets. [Read more…]
New Partnership Revolutionizes Mental Health Care: Open Mind Health Teams Up With NeuroFlow
A new alliance between Open Mind Health and NeuroFlow is set to shake up the mental health care scene. In an industry that’s long been ready for a tech boost, this partnership aims to change how mental health support is delivered, giving patients a more personalized, proactive approach to care. [Read more…]
Sun Life U.S. Awards $350,000 in Grants to Boost Health Access Across Underserved Communities

In an impactful move to address critical health and wellness issues in underserved areas, Sun Life U.S. has awarded $350,000 in Health Access Grants to six community health organizations across the country. These grants are designed to help tackle pressing health concerns, such as dental care shortages and diabetes management, in regions where access to care is often limited. [Read more…]
HealthBird, a Leading Health Insurance Comparison Startup, Announces Expansion into Latin America

Miami-based HealthBird, a pioneering InsurTech startup renowned for its side-by-side health insurance plan comparisons, is embarking on a strategic expansion into Latin America (LATAM). The company is set to launch its successful application in three LATAM countries—Ecuador, Colombia, and Peru—in the fourth quarter of this year. [Read more…]
G Announces 2023 Leave Your Mark Grant Winners
IMG (International Medical Group), a globally recognized insurance benefits and assistance services company, is pleased to unveil the recipients of the seventh annual Leave Your Mark Grant. This year’s grant program awarded two organizations and five individuals for their outstanding contributions to global charitable missions. [Read more…]
Sharon J. Alvis Appointed as New CEO of Sendero Health Plans

Sendero Health Plans Inc. (Sendero) has announced the appointment of Sharon J. Alvis as its new Chief Executive Officer, tasked with leading the nonprofit Health Maintenance Organization (HMO) created, funded, and owned by Central Health. Sendero is renowned for providing health insurance plans through the federal Health Insurance Marketplace, in accordance with the Affordable Care Act (ACA). [Read more…]
Delta Dental of Arkansas Receives Prestigious Governor’s Quality Award

In a momentous achievement, Delta Dental of Arkansas has been recognized with a 2023 Governor’s Quality Award, cementing its status as one of Arkansas’s leading organizations committed to excellence. This coveted accolade was presented at the 29th Annual Awards Celebration, held at the Clinton Presidential Center in Little Rock on September 21, 2023, and was bestowed by Arkansas Secretary of Commerce, Hugh McDonald. [Read more…]
Canadians Spend 2.5 Times More Time Navigating Health and Benefits than with Doctors
Canadians are dedicating increasingly more time to navigating the complexities of accessing healthcare and benefits. From the time spent in doctor’s offices to completing benefit-related paperwork and waiting at pharmacies, a recent survey conducted by GreenShield has revealed that Canadians are spending 2.5 times more time managing their healthcare and benefits compared to the actual time spent during a doctor’s appointment. [Read more…]
HealthWell Foundation nominated for Charity Navigator Community Choice Award

Charity Navigator’s 2023 Community Choice Award has been nominated by The HealthWell Foundation (r), a nonprofit organization that offers financial assistance to Americans who are not adequately insured. Charity Navigator is the largest and most influential nonprofit evaluation agency in the country. The HealthWell Foundation was nominated in the super-sized organizations category on National Nonprofit Day 2023. [Read more…]
Lamoille Health Partners Acquires Family Practice Associates
Lamoille Health Partners entered into a contract to purchase Family Practice Associates. This independent primary care provider is located at 272 North Main Street, Cambridge, Vermont. The transaction, pending final regulatory approvals, will add a third location of a family medicine practice to the growing Lamoille Quality Care Network. [Read more…]
Elite Health Online Donates Over $12,000 to Remnant Church for Expanding Missionary Work in Challenging Regions
In its continuing commitment to “Improving Lives,” Elite Health Online has chosen to support Remnant Church with a donation exceeding $12,000. This contribution is part of the healthcare organization’s ongoing initiative to contribute a percentage of its gross revenue each quarter to a faith-based ministry that aligns with its mission. [Read more…]
Crum & Forster Wins Gold, Silver Showcase Awards from the Insurance Marketing Communications Association
The Marketing and Corporate Communications Team at Crum & Forster has won two Showcase Awards – one gold and another silver – from the Insurance Marketing and Communications Association. C&F won gold for their 200 th anniversary producer event and partner at Ellis Island and silver for an exceptional year-long weekly internal communication email campaign called “200 thTuesdays”. The awards were given at the IMCA Ignite 2023 Conference held in Nashville, TN, from June 19-21. [Read more…]
IEHP Named Great Place To Work for Third Year in a Row
Inland Empire Health Plan (IEHP) is proud to be Certified™ by Great Place To Work® for the third year in a row. The prestigious award is based entirely on what current team members say about their experience working at IEHP. This year, 92% of employees said IEHP is a Great Place To Work® – 35 points higher than the average U.S. company. [Read more…]
Cathay Life Celebrates Fifth Celent Model Insurer Award

Celent, a global research and consulting company, has recognized Cathay Life Insurance for its expertise. This is the fifth Model Insurer Award that the company has received. Celent is a leading consulting firm in the financial technology sector, and the Model Insurer award is the highest honor that an industry can receive. [Read more…]
Liberty Bankers Insurance Group Honored as Gold Stevie® Award Winner in 2023 American Business Awards®

Liberty Bankers Insurance Group, a provider of financial, life, and health products, has been named winner of a Gold Stevie Award(r) in the category of New Product and Services, in the 21st Annual American Business Awards (r).
LBIG was recognized for the enhancements made to its On-the-Spot underwriting process (OTS) for Medicare Supplement applications. OTS allows an agent to provide an underwriting decision within three minutes. LBIG improved the OTS product through artificial intelligence to provide a 100% digital application experience and rapid point of sale decisions. [Read more…]
Cigna Group Appoints Dr. Philip Ozuah to Board of Directors
The Cigna Group, a global health company (NYSE:CI), announced today that Dr. Philip Ozuah was appointed to its Board of Directors. His appointment will take effect on June 1, 2023. [Read more…]
Fidelis Care Raises Awareness of Health Equity Issues During National Minority Health Month
Fidelis Health is raising awareness of the health disparities that minority populations face. This year’s theme is Better Health Through Better Understanding. emphasizes how meeting cultural and language needs can improve health outcomes. [Read more…]
Liberty HealthShare, Strengthened by its Vision, Weathers Challenges
In the last few years, healthcare sharing ministries have seen significant changes, largely due to actions taken in Washington D.C. and many state capitals. Liberty HealthShare (r) has overcome these challenges with its vision to build a healthcare-sharing ministry that is a reflection of Jesus Christ, and empowers Americans in managing their healthcare journey. [Read more…]
Health In Tech Partners with 6 Degree Health and 90 Degree Benefits
Health in Tech is an industry-leading insurtech firm that provides disruptive innovation that reimagines self funded health plans. Today, Health in Tech announced that it has partnered with 6 Degree Health, 90 Degree Benefits and created a new level-funded, value-based health plan that will be effective in January 2023. [Read more…]
EmpiRx Health Appoints Ziad Rubaie as Chief Growth Officer
EmpiRx Health has announced Ziad Rubaie’s appointment as Chief Growth Officer. This makes EmpiRx Health the only industry-focused pharmacy benefits manager (PBM) that values value. Rubaie joins EmpiRx Health’s leadership team during a period of rapid expansion. He will continue to build on the momentum while plan sponsors search for financially sustainable, clinically-based health benefits. [Read more…]
Superior HealthPlan, MedArrive & Brave Health Partnership
Superior HealthPlan, located in Texas, today announced a new partnership with MedArrive. MedArrive offers mobile-integrated home care management services. Superior members with complex health needs will benefit from the collaboration. It will close critical care gaps and address non-medical drivers. The partnership will also help at-risk members navigate healthcare systems. Brave Health will offer members better access to virtual behavioral healthcare services. [Read more…]
Gravie Names Dr. Greg Burrell as Company’s First Chief Medical Officer
Gravie, a leader in health benefit innovation, announced today that Dr. Greg Burrell has been appointed chief medical officer. Gravie’s first chief medical officer, Dr. Greg Burrell, will be the clinical thought leader. His focus is on improving quality and cost efficiency of healthcare. [Read more…]
Solis Health Plans Appoints Industry Veteran Francisco Hernandez, M.D. as Chief Medical Officer
Solis Health Plans, a Florida Medicare Advantage Plan is proud to announce Francisco Hernandez’s appointment. As Chief Medical Officer. Dr. Hernandez will be joining the Solis executive team to oversee clinical operations, care management quality improvement, care management, pharmacy, health IT and behavioral health for Solis’ members. [Read more…]
American Council of Cannabis Medicine Partnership to Begin Working With the Health Care Sharing Industry
Today, the American Council of Cannabis Medicine announced that they have selected and participated in the NHCSA Building Bridges Program. To foster understanding and provide resources to the health care sharing sector and its millions of members throughout the country. [Read more…]
Numinus completes acquisition of Novamind
Numinus Wellness Inc. (“Numinus”, the “Company”) (TSX: NUMI) (OTCQX: NUMIF) is pleased to announce the acquisition (the “Transaction”) of Novamind Inc. (“Novamind”) has completed, following Novamind’s receipt of a final order from the BC Supreme Court. As a result of the acquisition, Numinus now operates 13 wellness clinics, four clinical research facilities and a dedicated psychedelics research lab – positioning the company as a leading integrated mental wellness company providing ketamine- and psychedelic-assisted therapies. [Read more…]
King Insurance Acquires Wurzel Insurance
King Insurance (or the “Company”), is a fast-growing, full-service brokerage that offers a wide range of property and casualty insurance products as well as employee benefit solutions. Today, King Insurance announced the acquisition of The Wurzel Agency, Inc. (“Wurzel Insurance”) [Read more…]
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