Cognizant Technology Solutions Corporation will pay $25 million to settle federal civil charges related to improper payments to obtain permits and building licenses in India carried out by two former top executives five years ago. Those two former executives were indicted by a federal grand jury in Newark, New Jersey, on Friday for their role in the alleged bribery scheme, according to an announcement by the U.S. Department of Justice and the U.S. Attorney's Office for the District of New Je...
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Cognizant Technology Solutions Corporation will pay $25 million to settle federal civil charges related to improper payments to obtain permits and building licenses in India carried out by two former top executives five years ago. Those two former executives were indicted by a federal grand jury in Newark, New Jersey, on Friday for their role in the alleged bribery scheme, according to an announcement by the U.S. Department of Justice and the U.S. Attorney's Office for the District of New Je...
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Mayo Clinic's earned earnings remained relatively flat last year even after making more than $724 million in capital project investments and contributing more than $339 million to its employee pension plan. In all, Mayo's operating income totaled $706 million on $12.6 billion in revenue in fiscal 2018. That's down about a tenth of a percent from its income of $707 million on $12 billion in revenue in 2017. Officials blamed the decrease on the change in investment markets. Mayo credit...
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Recordings of 170,000 hours of calls made to the Vårdguiden 1177 healthcare line were left on an open web server provided by Swedish company Voice Integrate Nordic AB. An anonymous tip off to Computer Sweden, revealed that calls dating back to 2013, were stored without encryption or password protection, meaning they could be accessed by anyone with a web browser. The data breach occurred in the three regions of Stockholm, Värmland and Sörmland, which were outsourced to subcontrac...
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Called NHSX, the new venture willl report to the health secretary and the chief executives of NHS England and NHS Improvement, overseeing NHS Digital, and work closely with other central government functions, including the Government Digital Service. During Health and Social Care questions in the House of Commons yesterday, Hancock said: “NHSX will report jointly to the NHS and to me, and it will lead this vital [digital] agenda so that the NHS can be a world leader in emerging technologie...
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UnitedHealthcare announced it will increase the amount of data collected from digital devices as a tool for managing chronic illnesses. The data—being used to enhance comprehensives health profiles for Medicare Advantage participants—is generated through the UnitedHealthcare Nerve Center. Then navigators use these holistic profiles to recommend personalized support for the participating patients, UHC said in the announcement. UnitedHealthcare plans to double enrollment in Navig...
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Despite a split Congress and talk on the Hill moving away from an Affordable Care Act repeal, healthcare industry executives are still expecting a whirlwind couple of years for health policy, according to a new survey. Hooper, Lundy & Bookman, PC, a healthcare law firm, polled more than 220 healthcare executives from across the spectrum and found that 74% believe significant policy change is either very likely or somewhat likely in the next two years. The executives flagged several areas whe...
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Unless their financial situations improve, at least 21% of rural hospitals in the U.S. are at high risk of closing, according to a new report from Navigant. In all, at-risk hospitals represent more than 21,000 beds staffed by 150,000 employees and $21.2 billion in total patient revenue. Of high-financial-risk rural hospitals, 64% of them are considered essential to their communities based on their trauma status, service to vulnerable populations, geographic isolation and economic impact. Officia...
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Ohio’s attorney general is seeking to claw back nearly $16 million in funds he says Optum overcharged a state agency for drugs. In a letter (PDF) to OptumRx last week, AG Dave Yost says OptumRx, the company’s pharmacy benefit manager arm, failed to pass on discounts to the state’s Bureau of Workers’ Compensation on multiple occasions between 2015 and 2018, totaling $15.8 million in pharmacy overcharges. Yost said in a statement that the PBMs deal with the bureau requires ...
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CVS Health has reached an agreement with two of its Caremark clients for its updated pharmacy benefit management contracting model this year. During its year-end and fourth-quarter earnings call Tuesday morning, CEO Larry Merlo said the company expects to see more significant uptake in 2020. CVS previously unveiled the Guaranteed Net Cost model, which will pass 100% of savings on to clients and focus on transparency and simplicity. CVS Caremark plans may still have the ability to offer point-of-...
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