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Kentucky-based Baptist Health has gone out of network with UnitedHealthcare and Centene’s WellCare Medicare Advantage plans after failing to agree to contract terms.

The job cuts affect roles across corporate, sales and marketing, and operations.

Stifel analysts expressed support for the decision, predicting it will benefit revenue growth and profitability, and increase focus.

Raju Iyer will be responsible for the California-based health system’s financial planning. He replaces Dominic Nakis, who served as interim CFO.

The Federal Trade Commission reached a first-of-its-kind settlement with a data broker that the regulator alleged sold data that could be used to track visits to medical or reproductive health clinics.

The department framed the rule as a “balance” that safeguards providers’ rights to religious freedom and patients’ access to care.

CEO Robert Ford is “very confident” in Abbott’s ability to pass $10 billion in sales of its Libre continuous glucose monitor products by 2028.

While slim operating margins continue to challenge hospitals, experts predict providers will trim unnecessary expenses and focus on strategic labor investments.

Triumvira Immunologics’ president and chief operating officer Rob Williamson noted that cell therapy companies might still have an uphill battle unless they can differentiate.

The startup will use the Series A funds to advance its pipeline of oral GPR17, CSF1R and TYK2 candidates.