BATON ROUGE, La. (BRA PROUD) – A Louisiana nursing home owner has settled and agreed to pay $8.2 million after being accused of misusing the facility's assets. More than 840 people reportedly evacuated to a warehouse in Tangipahoa Parish to ride out Category 4 Hurricane Ida in 2021. Several people died in the storm's aftermath due to lack of proper equipment and care.Bob Dean Jr. was charged with violating the National Housing Act of 1934 by misusing the assets of four Louisiana nursing homes and was ordered to pay $8.2 million in settlements, according to the U.S. Department of Justice.…
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Peach Tree Cornerga., March 11, 2025 /PRNewswire/ -Stratix Corporation, an industry leader in Managed Mobility Services (MMS), has released a new study highlighting the pivotal role of mobile technology in the home health sector. Based on insights from 175 home health leaders, this study explores the key challenges facing organizations and how to leverage mobile technology to effectively address these issues. Read how mobile technology is changing safety, staffing and home hygiene efficiency. With the home healthcare industry at a crossroads, research is divided into four key areas: worker safety, staffing challenges, financial constraints and increasing demand for technology. The…
Elmhurst, sick., April 10, 2025 /PRNewswire/ -MedSpeed is a leading provider of same-day logistics services to the healthcare industry and celebrates its 25th anniversary. With around 3,400 employees from 33 states, the company has come a long way from a humble beginning. Chicago- Start up area. MedSpeed 25 years The MedSpeed concept is University of Chicago The Booth School of Business was sought to win a new venture challenge. Ultimately, they created a new category of services that would provide last mile logistics and transportation services to the healthcare industry. Before MedSpeed opened the door, medical leaders rarely considered transportation…
CAMBRIDGE, MA and TAIPEI, TAIWAN / ACCESSWIRE / September 30, 2024 / Moderna, Inc. (Nasdaq:MRNA) and Cenra Healthcare, the sales and marketing division of Cenra Inc., today announced that the companies have entered into a joint agreement to: announced that it had concluded. Co-promotion of Moderna's mRNA respiratory vaccine portfolio in Taiwan, including Moderna's COVID-19 vaccine Spikevax®.Under the agreement, Moderna will manufacture and sell mRNA respiratory vaccines. Cenra Healthcare will engage in promotional efforts and conduct medical education activities to ensure broad access to Moderna's mRNA respiratory portfolio across Taiwan. The initial term of the agreement is until July 31,…
The healthcare industry may be heading toward the end of the era of integrated businesses, as CVS (CVS) is reportedly considering breaking up its vertical business.According to the report, CVS is the second vertically integrated retail healthcare company in the U.S. to consider changing its strategy this year. That could mean health insurance company Aetna, pharmacy benefits manager Caremark, or a combination of the two and other industries.Major retail rival Walgreens (WBA) has already partnered with VillageMD to exit retail clinic stores. This, along with Walmart (WMT) closing its healthcare retail stores, signals the end of a more consumer-focused approach…
Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.Just after the third quarter, we suddenly found that the pure AI trading of Nvidia (NVDA) and its group of chips became a net drag on the performance of the entire S&P 500 index. itself surprised investors with a solid 5.5% return.Nevertheless, generative AI is still gaining traction and is slowly moving into real-world applications.Abby Yoder, U.S. equity strategist at JPMorgan Private Bank, emphasized that healthcare, which is notoriously slow-moving, could be next in line for AI-driven innovation.Despite being the only sector in…
Salesforce (CRM) and Blue Shield of California have partnered to build an artificial intelligence-based system. They argue that this should make it easier for patients to get treatment approved through their insurance company, reducing the burden of weeks of prior authorization. Ideally late to same day process. The collaboration is expected to be announced this morning. The idea is not new, as some major insurance companies have worked on using AI to address claim approval or denial in the past. And now it faces significant headwinds amid concerns about increased denials, especially to older patients. Prior authorization is a decision-making…
Health care stocks fell last week after President-elect Donald Trump nominated Robert F. Kennedy Jr. to lead the nation's top health agency. Vaccine makers like Moderna (MRNA) are down more than 5%, and big names like Pfizer PFE (PFE) are down about 2%. Some Wall Street analysts believe the slide is an overreaction, given that little is known about Kennedy's actual controversial policies and that he has not yet been confirmed by the U.S. Senate. Mr. Kennedy said it was too early to tell whether or how much of an impact it would have on the health sector. If confirmed…
Believe it or not, in fact, there were other stories in the world this week, alongside the market roller coaster surrounding President Trump's trade policy. Take health care. Between major announcements on Medicare advantage, emerging drug tariffs, and Dr. Mehmet Oz's first speech to the military at the Centers for Medicare and Medicaid Services, we are beginning to get a more clear glimpse into the new White House healthcare agenda. Here's a breakdown of recent news. Private Medicare plans have fallen The large health insurance company is the biggest increase in a decade after stocks pop earlier this week and…
President-elect Donald Trump's picks for the nation's top health agencies and their track records in office could fuel “anti-science” views and defund global public health efforts. There are concerns around the world. For example, at the beginning of the coronavirus pandemic, the Trump administration severed ties between the United States and the World Health Organization (WHO). Despite President Joe Biden restoring ties, subsequent struggles to obtain U.S.-made vaccines in low-income countries have left countries like Russia and China doing better than expected in responding to the global pandemic. It became possible to fulfill the role of President Trump has previously…