HOSPITALS
Hospitals across the US are bracing for possible immigration arrests taking place within their walls following a recent Trump administration policy change.
One day after Trump took the oath of office, the Department of Homeland Security rescinded an Obama-era policy that prevented Immigration and Customs Enforcement (ICE) from making arrests in “sensitive” areas such as hospitals, schools, and churches.
In response, hospital leaders should train workers on interacting with law officials and create standardized protocols to follow in case of immigration enforcement actions, Magda Rodriguez, a healthcare attorney and partner at Day Pitney law firm, told Healthcare Brew.
“You have to train your staff, you have to reinforce your current policies, because…you don’t want to get caught off guard,” Rodriguez said.
Step by step. Hospitals should first establish a clear “chain of command” so all staff know where to turn for guidance if and when immigration enforcement officials show up, according to Rodriguez.
Keep reading here.—MA
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presented by StartEngine
Wish you could invest in some of today’s well-known private companies like Perplexity, Databricks, and Discord, without the multimillion-dollar commitments?
Enter StartEngine, the platform that allows investors to back funds holding shares of these types of well-known companies.
StartEngine is a leading alternative investment platform that has raised over 1,000 rounds for startups and enabled 1.8 million users to invest $1.3 billion into startups (when combined with its recent competitor acquisition, SeedInvest).² ³
How’s it going? StartEngine doubled its revenue YoY in the first half of 2024.¹ This was driven by the launch of StartEngine Private for accredited investors, which launched offerings for prominent companies like Perplexity, Databricks, Epic Games, and more.
Even more exciting news? StartEngine is actually accepting investors into its new funding round, allowing you to become a shareholder and back the platform making all of this possible.
Invest in StartEngine.
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TECH
For the healthcare industry, 2024 was a year of many breaches—and expensive ones, too.
UnitedHealth Group’s CEO Andrew Witty told the US Senate Committee on Finance that his company paid a $22 million ransom, following a record-breaking 2024 cyberattack against its subsidiary Change Healthcare. (The February breach hit the personal information of 100 million people, according to the US Department of Health and Human Services.)
A report from the HIPAA Journal called 2024 the “the worst-ever year in terms of breached healthcare records”—claiming a 9.4% annual increase in compromised data and a 2024 total of 184,111,469 breached records.
Kroll’s Denyl Green sees high numbers in the future, too.
“Healthcare organizations hold a lot of really sensitive data, which is valuable, and ransomware attacks targeting those organizations have a definite impact,” Green told IT Brew.
As global head of breach notification at the risk advisory firm, Green’s teams help companies mail notifications, spin up dedicated call centers, and provide credit monitoring to impacted individuals.
Keep reading the full story on IT Brew.—BH
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PAYERS
There were two themes that kept popping up in health insurers’ recent earnings calls: rising medical costs and Medicare Advantage star ratings.
Despite generally surpassing industry expectations in Q4, these challenges have been a recurring theme throughout 2024.
Medical costs mount
Medicaid and Medicare members are getting more care more often, and insurers are paying more as a result.
“Most insurers, they hadn’t priced for that level of utilization,” Michael Cherny, senior research analyst and senior managing director at Leerink Partners, a healthcare investment bank, told Healthcare Brew.
Elevance Health, for instance, reported $3.84 a share in Q4 2024, beating analysts’ expectations of $3.81, according to FactSet, as reported by Market Watch.
However, the company highlighted elevated medical costs among Medicaid members, pushing its benefit-expense ratio—the amount spent versus earned from customers—to 92.4% in Q4, up from 89.2% in Q4 2023.
Keep reading here.—CC
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together with StartEngine
Ready to invest? StartEngine doubled its revenue YoY in the first half of 2024.¹ How? Through its new product line that offers exposure to today’s most well-known private companies like Perplexity, Databricks, and Epic Games. What’s more, StartEngine is offering investors its own funding round. See how you can invest today. |
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VITAL SIGNS
Today’s top healthcare reads.
Stat: 700,000. That’s how many “unnecessary and expensive” injections pain management company Pain MD gave patients over eight years, according to court documents in a healthcare fraud case that led to four employees pleading guilty or being convicted. (KFF Health News)
Quote: “A small measles outbreak could be the start of a public health catastrophe that is completely preventable.”—Alok Patel, a pediatrician at Stanford Children’s Health, on why he worries about the current US measles outbreak (ABC News)
Read: Inside the worldwide oxygen shortage. (the New York Times)
Opportunity knockin’: StartEngine doubled its revenue YoY in the first half of 2024.¹ Now you can join over 45,000+ investors to help keep the momentum going. Invest in StartEngine.*
*A message from our sponsor.
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JOBS
Be part of something bigger than job boards. CollabWORK taps into niche communities and newsletters like Healthcare Brew to connect you with relevant opportunities. Expand your network and discover roles that are just right for you—click here to see jobs selected for Healthcare Brew.
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✢ A Note From StartEngine
¹ This revenue growth has been driven by StartEngine Private, a new product line that offers funds in late stage companies. This product line has driven over $11.5m of the $21.6m of the revenue in the first six months of 2024. To understand the impact on margins, see financials.
² Count determined by the number of unique email addresses in StartEngine’s database as of 08-27-2024. One individual may have more than one email address.
³ In May 2023, StartEngine acquired assets of SeedInvest, including email lists for SeedInvest’s users, investors, and founders. Go here for more details.
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