Why UHS Is Acquiring Talkspace for $835M
Universal Health Services plans to acquire Talkspace for $835 million to create a national behavioral health platform that integrates virtual therapy with in-person care.
Universal Health Services plans to acquire Talkspace for $835 million to create a national behavioral health platform that integrates virtual therapy with in-person care.
Last week, the CFO of Universal Health Services stated that the company chooses which patients to treat based on whose insurance plans offer the highest payments. The comments have sparked some media attention, but healthcare finance experts say the practice of cherry-picking patients is nothing new to the industry.
At the ViVE conference in LA, Smarter Technologies Chief Medical Officer Ruben Amarasingham MD talked with Katie Adams about the company's larger goals for AI: to improve the accuracy of data and make healthcare less burdensome for physicians and clinicians.
A malware attack brought hospital chain Universal Health Services’ IT systems down at the beginning of the week. Cybersecurity experts said hospitals should expect more of these attacks, as recovery can be costly.
Alongside the payment, which resolves the civil aspect of the probe from the DOJ and a number of states that UHS incorrectly billed Medicare and Medicaid programs, the government has dropped the criminal investigation against the company.