Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Software sales boost Premier revenue, but expenses hamper profit Monday, May 11, 2015 7:30 PM Strong sales of Premier's procurement-management software and a move into the direct-sourcing business led to double-digit revenue growth in the third quarter, but increased costs and investment losses led to a sharp decrease in profit. New York public health system's deficit to balloon without federal aid Monday, May 11, 2015 4:15 PM The New York City Health and Hospitals Corp. will face an operating deficit of $1 billion in two years and dwindling cash reserves as the Affordable Care Act reduces supplemental funding to hospitals that historically offset the cost of care for the... Mayo Clinic feels pinch of rising costs Monday, May 11, 2015 3:45 PM The Mayo Clinic, which had been diligently cutting expenses over the past year, has started to see those costs creep up again in the first quarter of 2015. Feds put hospitals on notice with Florida settlements over ambulance rides Monday, May 11, 2015 2:30 PM Nine Florida hospitals have agreed to pay $6.2 million to settle allegations that they led ambulance companies to bill Medicare and Medicaid for medically unnecessary rides in a case that could have implications for hospitals across the country. WellCare's legal expenses from executive fraud case hit $193 million Monday, May 11, 2015 1:35 PM WellCare Health Plans continues to feel the financial pain of an 8-year-old criminal fraud case, and it is unlikely the legal costs will abate soon.

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