In a Wednesday interview with CNBC's Jim Cramer, CVS CEO Karen Lynch said she is taking responsibility for the company's Aetna insurance business after the most recent quarter missed expectations. "I'm taking direct ownership and am going to focus on the financial and operational execution of that business," she said.

CVS CEO says she's 'taking direct ownership' to fix Aetna insurance business

Walgreens shared in an Aug. 7 Securities and Exchange Commission filing that it could sell off its entire stake in primary care clinic chain VillageMD. "The company is currently evaluating a variety of options with respect to VillageMD in light of ongoing investments by the company in VillageMD’s businesses and VillageMD’s substantial ongoing and expected future cash requirement," the filing said. "These options could include a sale of all or part of the VillageMD businesses, possible restructuring options and other strategic opportunities."

Walgreens eyes offloading all of VillageMD

Get ready for our August Community Calls! This month, dive into how POD Foods can slash your distribution costs, gain insider tips from Amazon on optimizing integration and reviews, learn from big CPG innovations, and explore the timeline for profitability in retail. Our August calls are free and open to the public – just register in advance and mark your calendar.

BevNET & Nosh Community Calls This August: Cutting Distribution Costs, Insider Tips From Amazon, Learning from Big CPG, and Retail Profitability

As the Medicare Advantage landscape evolves, the success of health systems hinges on their ability to adapt and excel in key areas such as star ratings and appropriate coding. Health systems' greatest opportunity is to enter into full-risk arrangements with health plans, shifting the focus from managing illness to maintaining wellness. However, many systems have not made the necessary investments to thrive in this value-based care model, often missing out on its potential benefits and driving ambivalence toward the MA program, according to SCAN Group CEO Sachin Jain, MD.

Where health systems are going wrong with Medicare Advantage

CVS Health said on Wednesday that the head of its struggling insurance business is leaving the healthcare giant, as its health benefits unit dragged down the rest of the company during the second quarter of 2024. Suggested Reading. The healthcare conglomerate includes the CVS chain of pharmacy stores, the insurer...

CVS just split with its insurance boss and hit the gas on AI to cut costs

Florida State

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Akeena

Red Lobster, the popular seafood chain, has confirmed additional closures in Florida, adding to its recent wave of shutdowns following the company’s bankruptcy filing in May. The latest round of closures includes two more Florida locations, highlighting the ongoing struggles of the iconic restaurant chain.

Popular seafood chain announces more closures in Florida

Orlando, FL

If you’ve been enjoying the vibrant food scene in Thornton Park, you might have heard some bittersweet news—Graffiti Junktion, the spot known for its top-notch burgers and laid-back vibe, has officially closed. After 16 years of serving up some of the best burgers in Orlando, the eatery has said its goodbyes. Here’s a closer look at why this cherished spot is shutting down and what it means for the community.

Favorite Florida Burger Place Closed Because Wages and Costs Went Up

Texas State

Walmart’s Zoom call in May was anything but routine for the roughly 300 employees who learned they would need to relocate or lose their jobs. Bloomberg, citing unnamed sources with knowledge of the situation that were on the call but not allowed to speak during it, said they were told during the meeting that Walmart would start requiring thousands of workers from its smaller offices and remote locations to move to one of its main office hubs to boost in-person presence.

Walmart employees were caught off-guard by the company’s mandate to relocate

Lake Mary, FL

If you're a fan of hearty breakfasts and brunches in Florida, you might have had Keke’s Cafe on your radar. Known for its generous portions and friendly service, Keke’s has been a go-to spot for many. However, the Lake Mary location recently hit a bump in the road, resulting in a temporary shutdown following a state inspection that uncovered 15 violations.

Breakfast Eatery Closed in Florida for Roaches, Dirty Hands, and Cold Foods Over 41 Degrees

Valrico, FL

Hey there, Floridians! If you're a fan of fresh produce and a farmer's market vibe, you might have some mixed feelings about the news from Valrico. The Fresh Market, known for its focus on organic options and quality meats and cheeses, is set to close its doors in the Lithia Crossings shopping center.

Grocery chain known for Organic options and quality meats is set to close its doors in Florida

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Oakland, CA

Kaiser Permanente's partnership with Target shows that health systems don't have to sacrifice quality of care for convenience, a Permanente Federation executive wrote in Medical Economics. The Oakland, Calif.-based health system has 35 clinics at Target stores in southern California, offering patients the type of easy-to-access retail healthcare they crave...

Why Kaiser Permanente has 35 clinics at Target

Philadelphia, PA

Run by Danae Mobley, Coded By Kids is a nonprofit organization based in Philadelphia that trains teenagers to become IT industry leaders, whether they are in the C-suite or leading their startups. The organization was started in 2014 by Danae’s husband, Sylvester Mobley. She was most recently elevated to the...

Meet the CEO making it possible for Black youth to own multimillion-dollar tech startups

Decatur, IN

The gap between hospitals with strong and weak margins is growing, according to Kaufman Hall, and the top hospitals are vigilant about evaluating their physician strategies. "Data from the National Hospital Flash Report show that not all hospitals are generating losses; higher performing organizations are carefully reviewing their employed physician portfolios with a focus on profitable service lines and are more effective at deploying advanced practice providers," stated the research firm in the second quarter Physician Flash Report, released Aug. 5.

What top financially performing hospitals do differently with physicians

Business Insider

FairComp CEO Nolan Church says employees taking "quiet vacations" is a sign of bad managers and shares what to do if you catch someone.

What to do if you catch your employee on a quiet vacation, according to an HR exec

Massachusetts State

When Dallas-based Steward Health Care shared plans to close two of its Massachusetts hospitals and lay off 1,243 employees, its CEO, Ralph de la Torre, MD, was in France at Versailles for the equestrian 2024 Olympic events, according to the Boston Globe. The Aug. 7 opinion piece, authored by former...

Eyes stay on Steward CEO amid France trip

Arizona State

Phoenix, AZ

The Independent

A wealthy power couple from Arizona found themselves in handcuffs just months after getting married, for their role in a $900 million Medicare fraud scheme, according to the Department of Justice. Alexandra “Lexie” Gehrke, 38, and Jeffrey King, 49, were preparing to depart for their honeymoon at the Phoenix Sky Harbor International Airport last month when federal prosecutors arrested them on charges of conspiracy, health care fraud, receiving kickbacks and money laundering in connection to a years-long scheme.The government claims Gehrke and King targeted “elderly Medicare patients, many of whom were terminally ill in hospice care” to get “medically unnecessary”...

Medical entrepreneur and her DJ husband arrested over $900m healthcare fraud scheme

Kansas State

Pittsburg, KS

Drew Talbott, president of Via Christi Hospital in Pittsburg, Kan., will retire Aug. 30, one day before the hospital transitions to ownership by St. Louis-based Mercy. Mr. Talbott joined Via Christi in 1996 and has been president for four years, according to an Aug. 6 news release shared with Becker's by St. Louis-based Ascension. He was previously its COO for 13 years.

Ascension Kansas hospital president to retire

The FDA has approved the first nasal spray to treat anaphylaxis. The epinephrine nasal spray, called neffy, is for emergency treatment of allergic reactions, including anaphylaxis, in adult and pediatric patients weighing approximately 66 pounds or more, according to an Aug. 9 news release from the agency. The approval is...

FDA approves 1st anaphylaxis nasal spray

Community health centers are closing the gap in care, especially in rural areas where hospitals are closing, but some centers say they are losing staff to hospitals who pay high wages. A Common Wealth Fund report found 1,368 federally qualified health centers operating in more than 15,000 service sites across...

Health centers fill care gaps, but lower wages drive staffing shortages: Report

NewsBreak

Why 1 system CFO welcomes disruptors like Amazon, CVS Health

As hospitals and health systems work to adapt to a post-pandemic world, the evolution of big tech and retail companies like Amazon and CVS Health, who...

Why 1 system CFO welcomes disruptors like Amazon, CVS Health

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