Good morning. This newsletter is now 3 years old. Thanks to all of you who have stuck with us through the craziness, and also to those of you who have just recently jumped on board.
Today's word count is 544 words, or a 2-minute read.
Illustration: Sarah Grillo/Axios
As hospital prices rise and much of the sector continues to rake in cash, rural hospitals continue to shutter.
Why it matters: There's no way to address U.S. health care spending without cutting hospital costs.
Driving the news: At least 30 hospitals entered bankruptcy in 2019, Bloomberg reported last week.
Yes, but: Some hospital systems are reaping in hefty profits.
Through its partnerships with health care providers, Google can view tens of millions of patient records in at least three-quarters of states, the Wall Street Journal reports.
Why it matters: Some of these partnerships allow Google to access identifiable information about patients without their or their doctors' knowledge, raising fears about how this data may be used.
Details: Google is developing a new search tool — designed to be used by doctors, nurses and potentially patients — that stores and analyzes patient information on its servers.
Intermountain Healthcare has a deal that gives Google access to patients' records, similar to Google's deal with Ascension.
A venture capitalist is launching a company today to create new drugs that mimic the effects of blockbuster drugs, and then sell them to insurers and hospital systems at a lower price, STAT reports.
Between the lines: The key question is whether insurers and hospitals will buy these new drugs over their competitors.
By the numbers: CEO and chairman Alexis Borisy said that the company, EQRx, has raised $200 million. He hopes it'll start developing around 50 different drugs over the next decade.
Photo: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images
A surprising influenza strain, known as influenza B, is responsible for 21 of the 32 pediatric deaths in this flu season, according to new data from the Centers for Disease Control and Prevention.
Between the lines: Influenza B hasn't been a main cause for sickness in the U.S. for 27 years, and isn't a risk to senior citizens, Axios' Marisa Fernandez reports.