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Rainfall Health Applauds CMS on Latest Innovative Push Toward Universal Episode-Based Payment Models

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CJR-X final rule represents a new era of value-based care at a national scale, holding all acute-care hospitals accountable for care related to joint replacements, with bold moves away from fee-for-service.

SAN FRANCISCO, July 31, 2026 /PRNewswire/ — Today, the Centers for Medicare & Medicaid Services (CMS) issued the fiscal year 2027 Inpatient Prospective Payment System (IPPS) final rule. Within this 1,500+ page annual rule, the Comprehensive Care for Joint Replacement Expansion (CJR-X) was codified – signifying the country’s firm transition to value-based payment models. Building off of the CMS’s codification of the Transforming Episode Accountability Model (TEAM) last July, this move will catalyze the nationalization of episode-based payment models for surgical care, setting up the framework for other payers to follow.

CJR-X is the CMS Innovation Center’s (CMMI) first expanded model implemented by the Trump Administration. Further, it is one of only a few models that have even met expansion criteria in the greater initiatives around reducing waste in healthcare by managing care across the post-acute setting. This is largely due to the success of CJR, which produced $112.7 million in savings to Medicare in the last two years and ran from April 2016 to December 2024. Its successor, CJR-X, will now launch January 1, 2028, impacting nearly all US acute care hospitals through the 90-day episode of care post-discharge.

CMS projects CJR-X will generate $725 million in net Medicare savings across its first five performance years, building on the original CJR model’s track record in net Medicare savings while maintaining quality for over 98,000 knee and hip replacement patients across 323 hospitals.

“Today’s news signifies that value-based surgical care is now the permanent direction of our healthcare system and an important frontier for AI leadership for the country,” said Eddie Qureshi, CEO and Founder of Rainfall Health. “While CJR-X is a small part of the larger IPPS rule, the impacts are transformational. CMS is requiring hospitals to hold themselves accountable in the new value-based era, giving them an unprecedented opportunity to invest in care coordination infrastructure, episode analytics, and post-acute partnerships.”

Rainfall Health was created specifically for these value-based CMS payment models, providing an AI platform that is built to help hospitals comply with federal mandates like TEAM and CJR-X. The platform utilizes AI’s advanced processing to collect, standardize, and report on patient outcomes so that hospitals can properly track patients and keep them connected with their provider.

“CMS is demonstrating a renewed commitment to value-based care – representing a new era of surgical care models,” said David Shulkin M.D., the Ninth Secretary of the US Department of Veterans Affairs and Chair of the RAIN Advisory Committee. “Though it was CJR-X codified today, impacting lower extremity joint replacements, a natural next step is to broaden the model to the other surgical procedures covered in TEAM – including CABG or spinal fusion. Providers are finding AI solutions that help them remain accountable to these new mandates.”

Hospitals nationwide will face significant financial penalties if they are unable to deliver on the requirements listed in CJR-X. However, Rainfall Health sees additional compliance rules as a clear opportunity to invest in a new standard of care and access for their patients, bringing in technology advancements and a strengthened relationship with post-acute care partners.

To learn more about Rainfall and its offerings for hospitals impacted by CJR-X and TEAM, visit the website here.

About Rainfall Health:
Rainfall Health is an AI-driven compliance and reimbursement platform helping hospitals and medical groups navigate new federal mandates such as CMS’s TEAM model and CJR-X. The company is shaping a new national standard for mandated care model compliance through the RAIN Compliant™ designation which is a verifiable, AI-enabled framework adopted by hospitals, payers, and clinical partners. Rainfall works with health system executives, physician groups, and post-acute partners to automate complex regulatory requirements, improve care-quality performance, and unlock new Medicare revenue streams. Follow Rainfall Health on LinkedIn and Twitter.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rainfall-health-applauds-cms-on-latest-innovative-push-toward-universal-episode-based-payment-models-302840389.html

SOURCE Rainfall Health

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Robotics & AI Discovery Day Expands with a New Defense Pavilion, Uniting Technology Leaders Around the Future of Physical AI

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Pittsburgh Robotics Network and Pittsburgh Technology Council partner to showcase the technologies transforming industry, national security and the next era of innovation

PITTSBURGH, July 30, 2026 /PRNewswire/ — With Pittsburgh’s globally recognized robotics ecosystem as its backdrop, Robotics & AI Discovery Day will give industry leaders, investors, policymakers and the public a front-row seat this September to the technologies, companies and ideas shaping the future of robotics and AI.

The Pittsburgh Robotics Network (PRN) and the Pittsburgh Technology Council (PTC) today announced a strategic partnership for Robotics & AI Discovery Day 2026, including the debut of a new Defense Pavilion highlighting robotics, artificial intelligence, autonomy, and dual-use technologies driving innovation across defense, manufacturing, infrastructure, logistics, healthcare, and other critical industries.

This partnership reflects Pittsburgh’s position as a global leader in robotics, AI, and advanced manufacturing while reinforcing the region’s role in shaping the future of physical AI. As artificial intelligence moves beyond software into intelligent machines operating in the real world, Robotics & AI Discovery Day offers a rare opportunity to experience these technologies firsthand.

The Defense Pavilion will feature companies developing technologies that strengthen both commercial markets and national capabilities, showcasing innovations with applications across industry, public safety, and national security.

“If you want to see where robotics and physical AI are headed, Pittsburgh is one of the most important places in the world to experience it. Discovery Day brings together the technologies, companies and people defining what comes next, and our partnership with the Pittsburgh Technology Council makes this year’s event an even stronger reflection of the scale, relevance and momentum of this innovation ecosystem,” said Jenn Apicella, executive director of the Pittsburgh Robotics Network.

Robotics & AI Discovery Day has become one of the nation’s premier robotics and AI events, bringing together nearly 10,000 attendees, 250+ exhibitors, investors, researchers, manufacturers, startups, government leaders, and future talent. The event features live technology demonstrations, industry workshops, expert panel discussions, keynote presentations, a Career Center connecting employers with top talent, and opportunities to engage directly with the companies shaping the next generation of intelligent machines.

The partnership between PRN and PTC brings together two of the region’s leading technology organizations to further elevate Pittsburgh’s role as a destination for innovation, commercialization, and investment.

“Pittsburgh has extraordinary capabilities in robotics, AI, autonomy and advanced manufacturing that are increasingly important to our national defense and industrial competitiveness. This partnership with the Pittsburgh Robotics Network gives us an opportunity to bring those capabilities together and demonstrate the important role this region can play in strengthening America’s technology and defense leadership.” said Audrey Russo, President & CEO of the Pittsburgh Technology Council.

With support from Visit Pittsburgh, Robotics & AI Discovery Day also showcases the region itself. As visitors travel from across the country and around the world, the event highlights the companies, research institutions, workforce, and entrepreneurial ecosystem that have made Pittsburgh one of the world’s leading robotics and AI hubs.

Free tickets, more information, exhibitor opportunities and event details, for Robotics & AI Discovery Day 2026 on September 16th are available at bit.ly/RADD2026 

ABOUT THE PITTSBURGH ROBOTICS NETWORK
The Pittsburgh Robotics Network is a nonprofit organization dedicated to driving the growth and commercialization of Pittsburgh’s world-leading robotics ecosystem. With over 320+ robotics, deep tech & AI companies in the regional cluster, the Pittsburgh Robotics Network connects businesses, research institutions, investors, and industry leaders to accelerate the transition of breakthrough robotics technology from the lab to the marketplace.

ABOUT THE PITTSBURGH TECHNOLOGY COUNCIL
The Pittsburgh Technology Council is the region’s leading technology trade association, representing nearly 1,000 member organizations. Since 1983, PTC has helped technology companies grow through business development, talent, visibility, and government relations, strengthening southwestern Pennsylvania’s innovation economy.

Press kit found here.

View original content to download multimedia:https://www.prnewswire.com/news-releases/robotics–ai-discovery-day-expands-with-a-new-defense-pavilion-uniting-technology-leaders-around-the-future-of-physical-ai-302840398.html

SOURCE Pittsburgh Robotics Network

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First Horizon Recognized With Two Newsweek Awards for Second Consecutive Year

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MEMPHIS, Tenn., July 31, 2026 /PRNewswire/ — First Horizon Corporation (NYSE: FHN) is proud to be recognized with two Newsweek awards for the second year in a row. The company earned honors as one of America’s Greatest Workplaces in Financial Services and as one of America’s Greatest Workplaces for Women.

The first recognition, for Financial Services, highlights U.S. financial services employers based on 10 dimensions of associate satisfaction, using 220,000+ reviews gathered between April and October 2025 and weighted results from studies conducted between 2022 and 2024. As the sector evolves and continues to be driven by fintech, AI and shifting market demands, Newsweek’s ranking reflects companies that successfully balance high-stakes performance with employee well-being.

The second award, recognition as one of America’s Greatest Workplaces for Women, is based on a nationwide survey of more than 89,000 female employees. This year’s analysis was supported by Plant-A Insights Group, working with HR analytics firm Analine, which evaluated more than 37 million data points across 120 key performance indicators with an emphasis placed on factors such as gender equality, fairness and inclusion.

“Earning these recognitions from Newsweek for two consecutive years is a meaningful reflection of the culture we work hard to build at First Horizon,” said Tanya Hart, Senior Executive Vice President and Chief Human Resources Officer for First Horizon. “As the industry evolves, we remain focused on delivering both outstanding performance and an experience where our associates feel supported, valued and empowered. We’re grateful to our teams for the commitment and care they bring to work every day.”

About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.4 billion in assets as of June 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-horizon-recognized-with-two-newsweek-awards-for-second-consecutive-year-302840399.html

SOURCE First Horizon Corporation

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Ferguson Enterprises Set to Join S&P 500 and ADI Global Distribution to Join S&P SmallCap 600

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NEW YORK, July 31, 2026 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P SmallCap 600: 

Ferguson Enterprises Inc. (NYSE: FERG) will replace Electronic Arts Inc. (NASD: EA) in the S&P 500 effective prior to the opening of trading on Wednesday, August 5. An investor consortium comprised of Public Investment Fund, Silver Lake, and Affinity Partners are acquiring Electronic Arts in a deal expected to be completed soon, pending final conditions.ADI Global Distribution Inc. (NYSE: ADIG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 4, replacing Hertz Global Holdings Inc. (NASD: HTZ) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, August 5. S&P SmallCap 600 constituent Resideo Technologies Inc. (NYSE: REZI) is spinning off ADI Global Distribution in a transaction to be completed August 4. Hertz Global Holdings is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name 

Action

Company Name

Ticker

GICS Sector

August 4, 2026

S&P SmallCap 600

Addition

ADI Global Distribution

ADIG

Information Technology

August 5, 2026

S&P SmallCap 600

Deletion

Hertz Global Holdings

HTZ

Industrials

August 5, 2026

S&P 500

Addition

Ferguson Enterprises

FERG

Industrials

August 5, 2026

S&P 500

Deletion

Electronic Arts

EA

Communication Services

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/ferguson-enterprises-set-to-join-sp-500-and-adi-global-distribution-to-join-sp-smallcap-600-302840407.html

SOURCE S&P Dow Jones Indices

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