Finance 5 factors impacting next year's hospital financials Next year will be another year for recovery and adjustment to new standards in pricing and patient care. Finance Labor challenges slowing nonprofit hospital recovery: Fitch The nonprofit health system sector's credit is "deteriorating" and downgrades are outpacing upgrades, according to Fitch Ratings. Digital Health Epic CEO Judy Faulkner touts gen AI, clinical research tools Epic CEO Judy Faulkner said AI is more empathetic than humans when communicating with patients. Providers Banner Health sheds Arizona hospice operations The Phoenix-based health system will continue to operate its hospice locations in Colorado. Safety & Quality Joint Commission launches health data certification program The Joint Commission announced a certification program that evaluates hospitals by how responsibly they use patient data. Insurance CVS Health unveils 'cost plus' drug pricing model Under CVS CostVantage, the company's retail pharmacies will adopt a "cost plus" model for prescription drug reimbursements. Hospital Systems NorthShore—Edward-Elmhurst rebrands as Endeavor Health The rebranding process will likely take a couple of years, President and CEO J.P. Gallagher said. Providers Physicians leaving private practice hurt patient care: survey Physicians say the trend of leaving private practice for employment has hurt provider-patient relationships and reduced clinician autonomy. Education & Events Meet the 2023 Most Influential People in Healthcare Modern Healthcare's 100 Most Influential People in Healthcare includes leaders from providers, payers, tech companies, associations and government. Policy CMS may withhold Medicaid funding over redeterminations issues The Centers for Medicare and Medicaid Services plans to exert new enforcement authority against states after nearly 12 million people lost Medicaid coverage this year. ESG How Ochsner uses digital medicine to serve Medicaid patients Ochsner’s digital medicine program connects eligible patients with smart medical devices and a clinical team to boost chronic disease management. Government California’s CalAIM Medicaid experiment struggling with implementation Two years later, Gov. Gavin Newsom's ambitious Medicaid plan is struggling with implementation as it tries to serve vulnerable, low-income Californians. Digital Health GE HealthCare's chief AI officer: Tech can be 'like a superpower' Parminder Bhatia, GE HealthCare’s chief AI officer, discusses how the company's strategy has evolved beyond devices. Digital Health Corewell Health cyberattack exposes personal data of 1M patients The breach is the fourth-largest data breach in the U.S. this year, according to the HIPAA Journal, with 28.5 million healthcare records exposed this year. Sponsored Content Events & Programs Nominate Today! New for 2024, nominate a rising star for the 40 Under 40 Awards and bring attention to the next generation of leaders shaping the industry. Register Now! On Dec. 6, join this complimentary virtual event to get reenergerized about 2024, with inspiration and ideas for navigating upcoming trends and opportunities. Get Tickets! Celebrate champions for DEI in healthcare Dec. 7 in Chicago. Join us in honoring the individuals and organizations being recognized for their impact. Nominate Today! Honoring an all-new group of women from across the healthcare ecosystem. Nominate an outstanding leader today for the 2024 class!