Happy Monday! There are two occasions in life when you should shamelessly advertise knowing your favorite artist’s whole discography: when you’re three drinks into karaoke night and when you’re on the receiving end of brain surgery. Singing during brain surgery lets your surgeon monitor your status for select operations, so just in case that ever happens, you should start making a playlist. (For Healthcare Brew’s intern Quinn, it’d be the Hamilton soundtrack.)
In today’s edition:
Clinic closure
🪧 On strike
Capping costs
—Amanda Eisenberg, Shannon Young
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Founder and CEO Melissa Eamer. Modern Age
Longevity clinic Modern Age shut down on March 22 after failing to secure “adequate outside capital,” beauty, fashion, and wellness news outlet Glossy reported.
The company, which began in 2021 and had two New York City-based clinics, offered $500 aging wellness assessments that included a blood draw and bone density scan, with the option to enroll in a six month follow-up program for an additional $500. The clinic also offered wellness and weight loss services, like Botox and GLP-1 prescriptions.
“It has been a privilege to help thousands of patients since we opened our doors in 2022, but in today’s challenging business climate, it is not possible for us to continue to operate the business,” Modern Age founder and CEO Melissa Eamer wrote in an email.
Keep reading here.—AE
Do you work in healthcare or have information about the industry that we should know? Email Amanda at [email protected]. For confidential conversations, ask Amanda for her number on Signal.
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Are money woes weighing on your mind? Diana Welch, Head of Laurel Road for Healthcare Employers, has practical answers to your most burning financial q’s. Let’s jump right in!
Brew Q: What kinds of information do healthcare workers need most when it comes to their finances?
Diana Welch: The two biggest things we’ve noticed are financial burnout and Public Service Loan Forgiveness (PSLF). Healthcare workers need more information and resources to help them navigate student loan debt management.
Brew Q: How does Laurel Road help meet this need for hospital partners?
Diana Welch: Laurel Road can help employers pre-pay for our student loan counseling and support. We can also help employers who want to contribute directly to their employees’ student loans by helping facilitate payments.
Want more deets on the hospital partnership program? Learn more from the experts at Laurel Road.
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Francis Scialabba
About 1,300 nurses at Staten Island University Hospital (SIUH) will strike on April 2 if contract negotiations fail, the New York State Nurses Association (NYSNA) announced Thursday.
The union, which represents about 42,000 nurses across the state, is looking for higher wages and improved nurse-to-patient ratios for their members—sticking points for Northwell Health, according to NYSNA.
“We don’t want to strike, but we are ready to strike if Northwell gives us no other choice,” Lillian Decker, a nurse and NYSNA’s elected bargaining unit president at SIUH, said in a statement. “Northwell tells one story in their extravagant ad campaign, but here at the hospital we see a different, bleaker story. Every day we see how nurses are burnt out, expected to do the job of more than one person, and being forced to find better jobs off Staten Island.”
Keep reading here.—AE
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William Barton/Getty Images
Certain patients with asthma and chronic obstructive pulmonary disease (COPD) can soon breathe another sigh of relief when it comes to purchasing inhalers.
GlaxoSmithKline (GSK) executives announced March 20 that the UK-based pharmaceutical giant will join AstraZeneca and Boehringer Ingelheim in capping how much US patients spend out of pocket on inhalers for asthma and COPD at $35 per month. GSK’s cap will take effect by January 1, 2025, while its competitors plan to implement their savings programs by June 1.
GSK US Commercial President Maya Martinez-Davis noted that the company already offers US patients “significant rebates and discounts for our products, as well as patient assistance programs, to help bring down costs.”
Keep reading here.—SY
Do you work in healthcare or have information about the industry that we should know? Email Shannon at [email protected]. For confidential conversations, ask Shannon for her number on Signal.
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Stressin’ student loans? Laurel Road commissioned a survey with OnePoll to dig into student loan numbers for nurses—and the results might surprise you. On average, nurses have $40,611 in student loan debt. Help ease the anxieties of 90% of American nurses when you partner with Laurel Road for Hospitals.
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Francis Scialabba
Today’s top healthcare reads.
Stat: Nvidia is working toward building a $9/hour AI nurse. (Gizmodo)
Quote: “Too low of a dose, you clot; too high of a dose, you bleed. Our goal is to keep people from falling off the balance beam. This is what we have been chasing for years.”—Michael Gibson, cardiologist and CEO at the nonprofit Baim Institute for Clinical Research at Harvard Medical School, on new blood thinners (the Wall Street Journal)
Read: CMS said it’ll cover Wegovy for Medicare patients who have “an increased risk of heart attack, stroke, or other serious cardiovascular problems.” (NBC News)
Eight years: That’s how long the average physician and dentist believes it will take to fully repay their student loans. See what options you can provide when you partner with Laurel Road for Hospitals.*
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