The nation's largest provider of Medicare health plans said it plans to cut 550 jobs and take a charge of $15-$17 million against fourth-quarter earnings.
PacifiCare Health Systems said their financial problems are directly linked to rising medical costs related to shared-risk arrangements with hospitals.
The job cuts will affect 6% of workers at the corporate headquarters in Santa Ana, Calif. More than half of the staff cuts are in marketing and sales.
The company cites rising medical reimbursement costs to blame for their 64% share drop this quarter.
Information from www.latimes.com.
CDC Strategies Preventing Hospital-Onset C difficile Effectiveness Inconclusive in Testing
April 15th 2024Hospitals using CDC prevention strategies had different incidences of hospital-associated Clostridioides difficile infection compared to those that didn't, but the reasons are not necessarily the strategies themselves.
Unlocking the Power of AI in Hospital Infection Prevention: A Sustainable Approach to HAIs
April 11th 2024Read on about how, as hospitals grapple with the costly burden of healthcare-associated infections (HAIs), artificial intelligence (AI) emerges as a game-changer in revolutionizing infection prevention strategies.
Deeds to Reality: A Journey of Immigration and Obstacles With Carole W. Kamangu, MPH, RN, CIC
April 9th 2024Carole W. Kamangu, MPH, RN, CIC, shares her inspiring journey from the Democratic Republic of Congo to health care leadership in the US today. (This is the French translation of the interview with Carole W. Kamangu.)