| 04.30.22 | Teladoc slashes outlook after $6.6B hit on Livongo deal

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Webinar: Financial Health - How to Thrive in Healthcare’s Changing Landscape

Thursday, May 5, 2022 | 11am ET / 8am PT

During this webinar, PINC AI™’s revenue enablement and growth experts will discuss the major policy and market trends propelling change in the healthcare industry. Attendees will gain strategies to strengthen their organization’s competitive position and financial resiliency amid healthcare’s challenging landscape. Register now.

Welcome to FierceHealthcare Weekly Digest, your roundup of the biggest and most popular stories from each of our publications.

Featured Story

Teladoc slashes earnings outlook, takes $6.6B hit on Livongo acquisition

By Heather Landi

Telehealth giant Teladoc said Wednesday it will take a charge of $6.6 billion to write down the value of its Livongo acquisitions. The impairment charge pushed the company's losses to $6.7 billion, or a loss of $41.58 per share, in the first quarter.

This week's sponsor is PARASCRIPT LLC.

Here's why some systems say they're comfortable relaxing hospital mask requirements

By Dave Muoio

Houston Methodist and UnityPoint Health are among those letting staff and visitors cut back on masking outside clinical areas. With constant surveillance, they say the policy offers much-needed relief to staff members grappling with pandemic burnout.

Centene unveils refresh of its Office of the CEO

By Paige Minemyer

Centene posted $849 million in profit for the first quarter, up 21% year over year. Revenue leapt even more—by 24%—in CEO Sarah London's first earnings report on the job.

Biofourmis banks $300M megaround to fuel its growth in remote care, potential M&A deals

By Heather Landi

Three years ago, technology startup Biofourmis raised $10 million in total funding to build out its virtual care and digital therapeutics business. This week, the virtual care and digital medicine-focused company announced a massive $300 million cash injection to fuel its growth.

Centene's Michael Neidorff was the highest-paid payer CEO last year. Take a look at what other execs earned

By Paige Minemyer

The CEOs at six major national insurers earned nearly $115 million combined in total compensation last year.

Former OptumRx CEO launches drug pricing startup with GV-led $35M round

By Rebecca Torrence

Former OptumRx CEO Mark Thierer is launching drug pricing startup Waltz Health with $35 million in funding led by GV (Google Ventures).

Here's what CEOs at the US' top for-profit health systems earned in 2021

By Dave Muoio

A fresh flock of health system CEOs took home millions in salary, stock awards and other remuneration during Year Two of the COVID-19 pandemic.

Blue Cross Blue Shield of Michigan, Honest Medical Group launch value-based care joint venture

By Paige Minemyer

Blue Cross Blue Shield of Michigan and Nashville-based Honest Medical Group are launching a joint venture that aims to make it easier for docs to transition to value-based care for Medicare patients.

Here's how much UnitedHealth CEO Andrew Witty earned last year

By Paige Minemyer

UnitedHealth Group CEO Andrew Witty took home $18.4 million in total compensation last year, according to the company's latest proxy filing.

HHS to appeal Texas ruling that struck down key parts of surprise billing rule

By Robert King

HHS has filed an appeal to a February ruling that vacated key parts of regulations that implemented a ban on surprise medical bills.

Webinar: How to Measure and Drive Impact on Health Equity

Thursday, May 19, 2022 | 12pm ET / 9am PT

Join our webinar to learn how - with data and analyses available through Unite Us Insights - your organization can design and implement effective interventions that will close social care gaps, improve health outcomes with a measurable return on investment, and improve organizational performance. Register now.