California will need to borrow $3.44 billion to close a budget gap in the state's Medicaid program, Newsom administration officials told lawmakers Wednesday in a letter obtained by POLITICO. That's the maximum amount California can borrow, and will only be enough to cover bills for Medi-Cal — the state's Medicaid program — through the end of the month.
A federal effort to increase oversight of hospice care has been put on hold by the Trump administration, resetting efforts to root out fraud and abuse in an industry that receives more than $25 billion from Medicare annually. Federal officials in recent years have ramped up efforts to identify instances in which hospice operators fraudulently bill the government or enroll patients who aren't terminally ill. But the new administration has halted a Biden-era plan for noncompliant hospices to take corrective action or risk being kicked out of Medicare.
A major hospital chain owner which operates specialty hospitals in the Midwest and South has filed for Chapter 11 bankruptcy. Landmark operates six facilities across Florida, Missouri and Georgia. The company filed for bankruptcy in Florida on March 9 with debts of between $50 million to $100 million.
Global sales of smartwatches have fallen for the first time, new figures indicate, in large part due to a sharp decline in the popularity of market leader, Apple.
The dynamic between CISOs and CIOs has always been complex. While both roles are essential to an organization’s success, their priorities often put them at odds. The CIO focuses on IT efficiency, innovation, and business enablement, while the CISO prioritizes security, risk management, and compliance. These differing objectives can lead to friction, but with the right strategies, they can be aligned to create a stronger, more resilient organization.