Bruce Japsen

Chicago

Senior Contributor at Forbes

Senior Contributor @Forbes. Talking healthcare & biz @WBBMNewsradio @forbesonfox. Author: Inside Obamacare & Walmart's 2nd Opinion. Adjunct @UIOWA_SJMC. Hawkeye

Articles

As Trump Cuts Healthcare, Private Equity Gains Hold At Doctor’s Office

6 days ago | forbes.com | Bruce Japsen

Just two in five U.S. physicians are in doctor-owned private practice as hospitals and private equity firms gobble up physician groups thanks in part to cuts in insurance payments to medical care providers that are about to get even worse.
CVS Sues Arkansas Over Law Banning PBM Ownership Of Pharmacies

1 week ago | forbes.com | Bruce Japsen

CVS Health Thursday sued the state of Arkansas, trying to thwart a law the healthcare company said would lead to the closure of all 23 CVS drugstores in the state. At issue is legislation known as Act 624 that was signed into law last month by Republican Gov. Sarah Huckabee Sanders that prevents pharmacy benefit managers (PBMs) from owning and operating pharmacies.
Doctor Wait Times Average One Month In U.S.

1 week ago | forbes.com | Bruce Japsen

Patients are waiting an average of 31 days to schedule an appointment with a doctor, according to a study of commonly used specialty physicians in 15 major U.S. cities. This year’s report by AMN Healthcare shows a 19% increase from 2022 when patients waited an average of 26 days in major U.S. cities.
Unlike CVS, Walgreens Interested In Rite Aid Patient Files, Not Stores

2 weeks ago | forbes.com | Bruce Japsen

Walgreens confirmed its only buying prescription files and not brick and mortar stores among the pharmacy assets being sold across the U.S. by Rite Aid. A U.S. Bankruptcy Court in New Jersey approved the sale of pharmacy assets from more than 800 Rite Aid stores to CVS Health, Walgreens as well as grocery store chains including Kroger and Albertsons.
Court OKs Rite Aid Pharmacy Asset Sale To CVS, Walgreens And Grocers

2 weeks ago | forbes.com | Bruce Japsen

A federal bankruptcy court has approved the sale of most of the pharmacy assets from more than 800 Rite Aid stores to CVS Health, Walgreens as well as grocery store chains including Kroger and Albertsons. The pharmacy assets include 64 brick-and-mortar Rite Aid stores in Idaho, Oregon and Washington that will be taken over by CVS, which also had a big on the prescription files of 625 Rite Aid pharmacies across 15 states in areas that CVS serves approved.
Rite Aid To Sell Pharmacy Assets From More Than 1,000 Stores To CVS, Walgreens And Grocers

3 weeks ago | forbes.com | Bruce Japsen

CVS Health, Walgreens and grocery store chains are among the U.S. pharmacy operators Rite Aid will be selling prescription files and related pharmacy assets from more than 1,000 stores, the company confirmed Thursday night. It’s a going out of business sale of sorts for Rite Aid after filing for Chapter 11 bankruptcy protection last week for the second time last week.
Back As UnitedHealth Group CEO, Hemsley Says Issues Can Be Resolved

3 weeks ago | forbes.com | Bruce Japsen

UnitedHealth Group chief executive officer Stephen J. Hemsley, returning to the healthcare giant’s top job after Andrew Witty abruptly stepped down Tuesday said the company has the right strategy in place “for the era ahead.”Though the 72-year-old Hemsley never really left UnitedHealth when he stepped down as CEO in 2017, remaining chairman of the board now through two of his successors, his leadership was known for calm and steady financial performance.
UnitedHealth Group CEO Andrew Witty Steps Down, Will Be Replaced By Former Boss Hemsley

3 weeks ago | forbes.com | Bruce Japsen

UnitedHealth Group Tuesday said Andrew Witty’s is stepping down, citing “personal reasons” and will be replaced by former longtime CEO Stephen J. Hemsley.
Amid Doctor Shortage, Physician Assistant Pay Hits $130,000

3 weeks ago | forbes.com | Bruce Japsen

Physician assistants are increasing in number and so is their pay, eclipsing $130,000 a year, according to new data from two groups. The American Academy of Physician Associates (AAPA) said total median compensation “across all earning types” rose 5.5% to $134,000 compared to $127,000 in in 2023 for physician assistants (PAs), also known as physician associates. As an hourly wage, the median pay has increased to $75 per hour, up from $70 in the previous year, AAPA said.
As Rite Aid Closes Stores, Don’t Look For CVS Or Walgreens To Buy Them

3 weeks ago | forbes.com | Bruce Japsen

News that Rite Aid is going to once again file for bankruptcy and sell off its assets doesn’t mean shuttered brick-and-mortar stores will re-open under a CVS Health or Walgreens banner. Rite Aid last week announced that it is “pursuing a strategic and value-maximizing sale process for substantially all of its assets,” the company said.