Latest news with #BonSecoursMercyHealth
Yahoo
18-05-2025
- Business
- Yahoo
When the data is the story: reporting on the doctors on Big Pharma's payroll
Every so now and then I'll encounter a database that's a real feat of engineering. Despite aggregating an enormous amount of data, it works seamlessly and is intuitive to use for members of the public and researchers alike. Open Payments is one of those databases: It publishes tens of millions of transaction records every year, allowing patients to see how much money their doctors have received from pharma and medical device companies within seconds. At nearly 750,000 entries, the dataset of transactions between companies and medical practitioners in Cincinnati was extensive. It covered $136 million worth of payments over the past seven years and is the largest dataset I have analyzed on the job. While it required many rounds of analysis, gut checks, and calls and texts with those more data savvy than I – Open Payments allowed me to identify the highest earning doctors in industry payments in the Cincinnati area and interview them. Writing this story has reinforced my belief that often, the data is the story. Having access to a detailed, easily searchable, and publicly available database also allowed me to ask readers to search their own doctors and relay what they found back to me. A dozen readers responded to our survey, while a few more wrote emails. People wrote in about their primary care doctors, surgeons and cardiologists, who received payments ranging from less than $100 to millions of dollars. They worked at TriHealth, UC Health, Bon Secours Mercy Health, and Christ Hospital, along with a couple private equity-owned physician groups. Using the database elicited varying reactions in readers. Joan Doyle, who was disappointed to find at least a dozen of her family's doctors had received industry money, had mixed feelings. She said she loves her doctors but wondered what their industry ties might mean for the quality and cost of care provided to herself, her husband and their daughter. Sandy Pittman, of Cleves, felt differently. 'I really don't care, because I trust my doctors enough,' shared Pittman, who looked up the records of her cardiologist. 'That's the biggest thing.' This article originally appeared on Cincinnati Enquirer: Reporting on the doctors on Big Pharma's payroll
Associated Press
15-04-2025
- Business
- Associated Press
hellocare.ai Raises $47M to Accelerate AI-Assisted Virtual Care and Transform Hospital Rooms into Smart, Connected Care Environments
Delivering Proven ROI in Smart Hospital Room Technology Across 70+ Health Systems CLEARWATER, Fla., April 15, 2025 /PRNewswire/ -- the leading AI-assisted virtual care delivery platform transforming hospital care models and operations, today announced it has raised $47 million in an oversubscribed funding growth round. The round was led by HealthQuest Capital, with participation from a strategic coalition of forward-thinking health systems and digital health investors, including Bon Secours Mercy Health, UCHealth, OSF Ventures, and LRVHealth. Already deployed across 70+ health systems, the investment fuels a period of hyper-growth for as demand accelerates for its unified virtual care platform. The platform that enables hospitals to deliver AI-assisted Virtual Nursing, Virtual Sitting, Virtual Consultation, Ambient Documentation, Digital Whiteboards, Patient Engagement, and Hospital-at-Home—all through one deeply integrated, enterprise-ready solution. The advancement and convergence of artificial intelligence and immersive virtual to physical care technologies have fueled the demand for smart hospital rooms, representing an opportunity to support healthcare delivery across the continuum of care. 'This raise represents a powerful vote of confidence in our mission and model,' said Labinot Bytyqi, Founder and CEO of 'Health systems are asking for a proven, unified virtual care platform to simplify care delivery, drive clinical efficiency, reduce burnout, and increase patient engagement—and that's exactly what we've built. With this funding, we're partnering with some of the leading health systems to scale fast and go deeper into AI to solve healthcare's toughest care delivery and operational challenges.' ' technology and vision are very closely aligned with the evolving needs of health systems,' said Randy Scott, Partner at HealthQuest Capital. 'They are solving real problems at scale, with a practical and powerful platform that delivers measurable impact.' A New Standard for Virtual Care and Patient Engagement is the only purpose-built platform on the healthcare market with a fully in-house technology stack—encompassing hardware, software, AI, and a seamless EHR integration engine. This end-to-end approach delivers unmatched speed, customization, and continuous innovation. Paired with AI and flexible hybrid clinical care team models, empowers health systems to rapidly scale hybrid care, deliver high-quality care from anywhere, and create a truly patient-centric experience—all through a single, unified platform. Trusted by Leading Health Systems Already deployed across 70+ health systems, is replacing fragmented point solutions and delivering meaningful ROI—transforming any hospital room into a smart, connected care environment. In a major milestone, AdventHealth is rolling out across more than 50 hospitals and over 13,000 patient rooms as part of an enterprise-wide implementation to enhance patient experience, streamline clinical workflows, and drive operational efficiency. Both Bon Secours Mercy Health and UCHealth are not only investors in this round but also customers of deploying the platform to reimagine virtual care delivery and elevate patient engagement across their systems. Their dual role highlights the deep alignment between innovation roadmap and the real-world needs of modern health systems. 'Our partnership with will allow us to improve safety, reduce readmissions, optimize staff workflows and improve patient experience in our hospitals,' said Mark Townsend, MD, MHCM, chief clinical digital ventures officer, Bon Secours Mercy Health and Accrete Health Partners. 'Investing in novel digital health technologies enables our health system to be at the forefront of digital transformation, with the intent of making health care as easy as possible for patients and providers.' About is a leading provider of AI-assisted virtual care solutions. Headquartered in Clearwater, FL, the company supports more than 70 health systems across the U.S. and is rapidly expanding globally. helps health systems deliver high-quality, patient-centered care while improving clinical efficiency and staff wellbeing. Its fully integrated platform includes AI-Assisted Virtual Nursing, Virtual Sitting, Patient Engagement, Digital Whiteboard, Digital Room Signage, Ambient Documentation, Hospital-at-Home, Remote Patient Monitoring (RPM), and Digital Clinic—seamlessly embedding into existing healthcare EHRs, infrastructure, and care delivery models to power the next generation of healthcare. For more information, visit About HealthQuest Capital HealthQuest Capital is a private asset firm that provides capital to transformative healthcare companies. HealthQuest Capital focuses on commercial prospects that drive enhanced patient outcomes and elevate the efficiency of healthcare delivery. With approximately $2 billion in capital under management, the firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics, digital health, and innovative services. The HealthQuest Capital team combines decades of investing experience with domain expertise in the various aspects of the healthcare industry. For more information, visit For inquiries, contact: Mimoza Buonsanti [email protected] View original content to download multimedia: SOURCE hellocare
Yahoo
09-04-2025
- Business
- Yahoo
Bon Secours Mercy Health, Inc. Announces Tender Pricing Information
CINCINNATI, April 9, 2025 /PRNewswire/ -- Bon Secours Mercy Health, Inc. ("BSMH") today announced tender pricing information. Pursuant to the Offer to Purchase dated March 25, 2025 (as it may be amended or supplemented, the "Offer to Purchase"), BSMH invited Holders to tender, subject to the Aggregate Tender Cap and Acceptance Priority Levels, the Securities for cash at the purchase price based on a fixed spread over Reference Yields based on the bid side price of the applicable U.S. Treasury Reference Security, plus accrued and unpaid interest on such Securities tendered for purchase from the applicable last interest payment date up to, but not including, the Settlement Date, and on the terms and as further described in the Offer to Purchase. All capitalized terms used herein and not otherwise defined are used as defined in the Offer to Purchase. The Early Tender Date occurred at 5:00 p.m., New York City time, on April 7, 2025 and has not been extended. The Expiration Date was extended to 5:00 p.m., New York City time, on May 5, 2025, and the Settlement Date was also extended, as described below. As set forth in the Offer to Purchase, the Tender Offers were subject to an Aggregate Tender Cap of $150 million. As a result of oversubscription in the tender offer, BSMH has decided to upsize the Aggregate Tender Cap to $308,057,000 and accept all bonds tendered at the Early Tender Date into the offer. The Aggregate Tender Cap was reached as of the Early Tender Date; therefore, no tenders submitted in between the Early Tender Date and Expiration Date will be accepted. The Reference Yield and Total Consideration for Securities tendered at or prior to the Early Tender Date and accepted for purchase by BSMH was determined at 12 noon, New York City time, on April 9, 2025, and are listed in the table set forth below. Subject to satisfaction of the conditions set forth in the Offer to Purchase, BSMH intends to accept for purchase the aggregate principal amount of Securities tendered in the Offer to Purchase set forth in the table below. The Settlement Date is the day on which BSMH will provide payment of the Total Consideration plus Accrued Interest with respect to Securities that are validly tendered prior to or at the Early Tender Date and that are accepted for purchase. It is anticipated that the Settlement Date for the Securities will be May 8, 2025, the third business day after the Expiration Date. CUSIP No.(1) PrincipalAmount Outstanding Principal Amount Tendered Principal Amount Expected to be Accepted for Purchase Maturity Date(June 1) Interest Rate AcceptancePriority Level Reference Yield (2) Fixed Spread Total Consideration(1) 09778PAB1 $300,000,000 $160,755,000 $160,755,000 2031 2.095 % 1 4.042 % + 35 bps $878.86 09778PAC9 $300,000,000 $147,302,000 $147,302,000 2050 3.205 % 2 4.895 % + 60 bps $690.34 (1) Per $1,000 principal amount. As set forth in the Offer to Purchase, the Tender Offers are subject to the satisfaction of certain conditions, including the Financing Conditions. See Offer to Purchase, "The Terms of the Tender Offers—Conditions of the Tender Offers." Information Relating to the Tender Offer BSMH commenced the tender offer on March 25, 2025. RBC Capital Markets, LLC is the Lead Dealer Manager and J.P. Morgan Securities LLC is the Co-Dealer Manager (collectively, the "Dealer Managers") for the tender offer. Investors with questions regarding the tender offer may contact RBC Capital Markets at (877) 381-2099, (212) 618-7843, or Globic Advisors Inc. is the tender and information agent for the tender offer (the "Tender and Information Agent") and can be contacted at (212) 227-9622, rstevens@ or The full details of the tender offer are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information. The Offer to Purchase may be obtained from Globic Advisors Inc. through the means described in the preceding paragraph. About Bon Secours Mercy Health, Inc. Certain information relating to the Securities and BSMH may be obtained by contacting the Tender and Information Agent. Such information is limited to the Offer to Purchase and information incorporated therein by reference. Forward-Looking Statements Statements included or incorporated by reference herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts and assumptions by BSMH's management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation, the Holders' risks set forth in the offering document incorporated by reference into the Offer to Purchase. BSMH cannot be certain that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. It is to be expected that there may be differences between projected and actual results. Any forward-looking statement speaks only as of the date on which it is made, and BSMH assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. (1) CUSIP is a registered trademark of the American Bankers Association (the "ABA"). CUSIP data herein is provided by CUSIP Global Services ("CGS"), managed on behalf of the American Bankers Association by FactSet Research Systems Inc. The CUSIP number listed above is being provided solely for convenience of reference and neither BSMH, the Dealer Managers, the Tender and Information Agent, nor their respective agents or counsel make any representation with respect to such number or undertake any responsibility for its accuracy.(2) The Reference Yield is based on the respective U.S. Treasury Reference Security set forth in the Offer to Purchase. View original content: SOURCE Bon Secours Mercy Health, Inc. Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
Mercy Health could soon be out of network for Cigna
(WKBN) — Mercy Health could soon be out-of-network for Ohioans insured by Cigna commercial insurance. After months-long negotiations, if an agreement between Mercy Health and Cigna is not reached before April 1, Mercy Health will be considered an out-of-network provider. According to a release from Mercy Health, they have sought to secure 'appropriate reimbursements' from Cigna. Mercy Health says the current payment agreements 'no longer reflect today's healthcare environment.' However, Cigna claims the increase requested by Mercy Health is significant and exceeds that of other providers. 'It is disappointing that Bon Secours Mercy Health is choosing to leave our network on April 1,' said a Cigna spokesperson. 'Bon Secours Mercy Health notified us of their intention to leave unless we agree to their significant rate increases across multiple markets. Unfortunately, these increases would make healthcare unaffordable for our customers and their families. We hope that Bon Secours Mercy Health will do what is right for the people we both serve in this community and continue working with us to reach an affordable agreement.' Cigna reports that Mercy Health 'is demanding' at least a 35% increase over the next 4 years. The company says this increase would then raise costs for those covered by their insurance. Local impacted hospitals include: Mercy Health – St. Elizabeth Boardman Hospital Mercy Health – St. Elizabeth Youngstown Hospital Mercy Health – St. Joseph Warren Hospital In its most recent Cost for Caring report, the American Hospital Association reported that hospital prices rose just 2.6% year over year. In contrast, health insurance premiums have risen more than 7%, and Cigna Group, which operates Cigna Healthcare, reported a profit of more than $247 billion in 2024 – an increase of more than 27%. 'Unfortunately, what Cigna pays our doctors, nurses and caregivers is not adequate to account for the cost of providing safe, quality care. We need all of our payer partners to do their part,' Mercy Health stated on its website. 'We have had a positive relationship with Bon Secours Mercy Health, and we want them to stay in our network but only at fair, affordable rates,' Cigna stated. 'We recognize that Bon Secours Mercy Health, like many health care providers across the country, is facing labor shortages and other factors that contribute to cost pressures, but we have a responsibility to keep your health care affordable.' Mercy Health said patients should receive letters this week alerting patients of negotiations. More information can be found here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-01-2025
- Health
- Yahoo
How many Cincinnati hospitals rely on federal money? All 6 of them
An executive order to freeze all federal grants has left hospitals, universities and other nonprofits that rely on federal money scrambling. While a federal judge has delayed the freeze so that it won't take effect until after a hearing on Feb. 3, the future of federal funding that many organizations view as a lifeline is in jeopardy. More: 'See you in court': Delaware AG says coalition of states plan to sue over federal grant freeze More: Judge temporarily blocks Trump policy that aimed at freezing federal grant funding Many details of the executive order – including which grants will be frozen, the logistics of pausing grants that may already be partially distributed and the constitutionality of doing so – remain unclear. In Cincinnati, federal dollars cover a significant chunk of hospitals' costs, funding lifesaving research, health care worker training and disaster preparedness. "These federal resources help hospitals and other health care organizations with providing preventative health care and community wellness services as well as support the planning and coordination of preparedness programs," said John Palmer, spokesperson for the Ohio Hospital Association. "We hope this 'temporary pause' is short-term." During the freeze, which was intended to take effect Tuesday, agencies are expected to conduct a review to ensure that their grants support activities that are in line with President Donald Trump's policies. All six of Greater Cincinnati's hospitals received more than a million dollars in federal awards in fiscal year 2023, according to each hospital's most recent audit documents. The amount awarded varied widely. Cincinnati Children's received $223 million, the lion's share of the group, while Bon Secours Mercy Health received $149 million. At $1.5 million, St. Elizabeth Healthcare in Northern Kentucky received the smallest amount. The purpose of the federal awards varied, often based on the agency it came from. The U.S. Department of Agriculture gave $1.4 million to Bon Secours Mercy Health for its Special Supplemental Nutrition Program, which helps feed pregnant women, infants and children. The program is commonly called WIC. At Christ Hospital, the Department of Education awarded $6.4 million to be used on federal direct student loans and Pell Grants, which help low-income students pay for an undergraduate education. And the U.S. Treasury Department disbursed COVID-19 recovery and relief dollars to more than one hospital. At Cincinnati Children's, most federal dollars went to funding research that ranged from preventing epilepsy to detecting and diagnosing cancer. Most of it came from various agencies within the U.S. Department of Health and Human Services, such as the National Institutes of Health, although around $4.5 million from the Department of Defense helped fund some clinical trials. Representatives of Cincinnati Children's Hospital, TriHealth, Christ Hospital and UC Health declined to comment on how much federal funding their hospitals receive. Bon Secours Mercy Health and St. Elizabeth Healthcare did not respond to a request for comment. So how did The Enquirer get these numbers? The law requires that any nonprofit that spends more than $750,000 in federal dollars in a year must be audited, the results of which are then published by the Federal Audit Clearinghouse. Since all of Cincinnati's hospitals are nonprofits that spend well over this amount every year, their numbers are available to the public. This article originally appeared on Cincinnati Enquirer: Cincinnati hospitals get millions of federal dollars. Here's how much
