Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Nanthealth holds off on IPO Saturday, November 28, 2015 4:56 PM Dr. Patrick Soon-Shiong is postponing the initial public offering of NantHealth, his precision medicine start-up, according to the Los Angeles Times.Soon-Shiong had said he wanted to take the company public by the end of 2015.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Three killed, 9 wounded in attack at Colorado Planned Parenthood Friday, November 27, 2015 5:15 PM A gunman who opened fire inside a Colorado Springs Planned Parenthood clinic was arrested Friday after engaging in gun battles with authorities during an hours-long standoff that killed three people and wounded nine others, officials said.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare NYC Health and Hospitals sees operating loss soar 12:01:00 AM NYC Health and Hospitals' operating loss leaped to $263.6 million during the first quarter of its fiscal year as patient revenue declined and operating expenses edged upwards. Hochman to lead new parent of Providence and St. Joseph Health Wednesday, November 25, 2015 5:00 PM Catholic providers Providence Health & Services and St. Joseph Health System have moved closer to creating a new, single organization that will operate 43 hospitals in six states. The new parent organization will be led by current Providence CEO Dr. Prices for dermatologic drugs surge Wednesday, November 25, 2015 2:22 PM The retail prices of 19 brand-name prescription dermatology medications have increased an average of more than 400% over the past six years, according to a study. Those findings are sure to add support to the growing public discord over the rising... Virginia hospitals improve finances, lose bargaining chip for Medicaid expansion Wednesday, November 25, 2015 2:14 PM Hospitals in Virginia have lost major ammunition in their push to expand Medicaid. In September they launched a campaign to highlight their influence on the state economy and the need for legislative relief for their financial struggles. But new... Two Ohio health systems to create new clinically integrated network Wednesday, November 25, 2015 12:00 PM Cincinnati-based Mercy Health and Akron, Ohio-based Summa Health will jointly contract for accountable care with health plans under a newly created clinically integrated network with broad geographic reach in the state. Reading Health Physician Network gets new CEO Wednesday, November 25, 2015 12:00 PM Dr. Amit Powar has been appointed CEO of Reading Health Physician Network. The network is a part of the Reading Health System in West Reading, Pa. Orlando Health sees rise in annual surplus despite fourth-quarter setback Wednesday, November 25, 2015 11:06 AM A spike in earnings from Medicaid patient visits did little to soften the blow to Orlando Health's operating margin in its fourth quarter, which was down 85% from the year-ago. The Orlando, Fla.-based not-for-profit saw its operating margin for the...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Arizona health insurance co-op to close shop Dec. 31 7:45:00 AM Executives with Arizona's nonprofit health insurance co-op said Tuesday that they have failed to come up with additional financial backing and the insurer plans to shut down all operations Dec. 31. Former hospital CFO, two surgeons admit kickback scheme for spine surgeries Tuesday, November 24, 2015 10:25 PM Federal prosecutors announced charges Tuesday against a former hospital CFO, two surgeons and two other defendants in a kickback scheme involving nearly $600 million in fraudulent claims for spinal surgeries in Southern California. O'Malley wants other states to adopt Maryland's global budget plan Tuesday, November 24, 2015 3:00 PM The Democratic presidential candidate laid out his health policy plan Tuesday in an effort to energize his struggling campaign. GOP senators plot path to get ACA repeal to Obama's desk Tuesday, November 24, 2015 2:00 PM After a ruling that the bill could not be passed through the reconciliation process, senators are scrambling to find another way to get the legislation before the president, who would veto it. Mississippi, one of the fattest states, will pay for weight-loss surgery Tuesday, November 24, 2015 1:45 PM Mississippi, which often leads the nation in its obesity rate, is proposing to pay for Medicaid beneficiaries' bariatric surgeries, according to state officials. Illinois hospital and insurance company open employee clinic Tuesday, November 24, 2015 1:00 PM St. John's Hospital and insurer Horace Mann, both located in Springfield, Ill., will open a shared clinic for their employees in early 2016. FDA guidance on Essure birth control expected in February Tuesday, November 24, 2015 11:58 AM The U.S. Food and Drug Administration expects to release new guidance on a form of birth control that has been linked to more than 15,000 adverse events, including at least a dozen deaths, by the end of February. Corrigan to oversee patient-care program at Moore Foundation Tuesday, November 24, 2015 11:56 AM Janet Corrigan, a former CEO of the National Quality Forum, has been appointed chief program officer for patient care at the Gordy and Betty Moore Foundation. What to do with all of this data... Tuesday, November 24, 2015 11:54 AM HHS' partnership with OptumLabs will build the momentum behind using big data to lower the cost and raise the quality of healthcare. But it also highlights the divide between the masters at using sophisticated analytics and those just now learning. Newton to step down as Swedish Covenant CEO, replaced by COO Tuesday, November 24, 2015 11:50 AM Mark Newton will soon step down as president and CEO of Chicago's Swedish Covenant Hospital after leading the hospital for over 15 years. Chief Operating Officer Anthony Guaccio will replace him.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Hospital admitting requirements for Wisconsin abortion providers ruled unconstitutional Monday, November 23, 2015 6:19 PM A Wisconsin law that requires abortion providers to get admitting privileges at nearby hospitals is unconstitutional, a federal appeals court panel ruled Friday. Moody's warns of cybersecurity risks affecting credit ratings Monday, November 23, 2015 5:30 PM Healthcare companies could see drops in their credit ratings as a result of the dramatic rise in cybercrime, according to the ratings agency Moody's Investors Service. Quest subsidiary is Safeway's rebound after Theranos breakup Monday, November 23, 2015 3:37 PM Safeway is partnering up with Sonora Quest Laboratories after dumping Theranos. Sonora, a joint venture of Banner Health and Quest Diagnostics, will open patient-service centers in Arizona Safeway stores, starting with a north Scottsdale location... CMS suspends enrollment in Ascension-owned senior-care program Monday, November 23, 2015 3:00 PM The CMS halted all enrollment in a program that cares for poor seniors at Alexian Brothers Community Services in St. Louis. The agency found Alexian failed to provide necessary services and avoided enrolling sick, more expensive patients. Payers say HHS rules protecting transgender people will not speed coverage Monday, November 23, 2015 2:00 PM Health plans say they are unsure when they will be able to fully comply with a proposed rule that bans healthcare-related discrimination against transgender people. University of Kansas Hospital adds more patients, also more costs Monday, November 23, 2015 12:27 PM The University of Kansas Hospital saw a large increase in patient volume in the first quarter of fiscal 2016, but the additional costs of treating more patients overshadowed the increase in revenue. CVS adds Amgen's Repatha to its formulary Monday, November 23, 2015 12:24 PM Pharmacy benefits manager CVS Health has included Amgen's drug Repatha to its formulary. The drug is one of two in a new class of cholesterol-lowering medications. It's the latest in a series of moves made by PBMs to address the high costs of some... As Medicare pushes for better post-acute care, CMS preps new patient survey Monday, November 23, 2015 11:47 AM The CMS wants more information about the quality of care Medicare beneficiaries get in long-term-care hospitals, so the agency is preparing a new patient-satisfaction survey tailored to the facilities.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Pfizer, Allergan agree to $160 billion merger Sunday, November 22, 2015 6:00 PM The boards of Pfizer and Ireland's Allergan on Sunday approved a merger deal worth $160 billion. The deal would create the largest drugmaker by sales.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Cleveland mayor says public health officials failed in jobs Saturday, November 21, 2015 5:45 PM The Cleveland mayor says the city's top two public health officials failed to address residents' health concerns as they struggled to do their jobs.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Insurers reassure investors about ACA exchange business 10:00:00 AM Health insurers rallied Friday to ease investor and customer concerns about the Affordable Care Act's public insurance exchanges a day after the nation's biggest insurer questioned its future in that still-developing market. Staffing powerhouse AMN acquires B.E. Smith Friday, November 20, 2015 5:30 PM Staffing giant AMN Healthcare Services has acquired B.E. Smith, a provider of interim healthcare leadership, executive search and advisory services. Forum on drug prices addresses innovation, patient access, affordability Friday, November 20, 2015 5:15 PM An HHS forum on prescription drug prices kicked off Friday with a discussion on balancing pharmaceutical innovation with patient access and affordability. Banner earnings lag on risk-based losses, higher expenses Friday, November 20, 2015 5:00 PM Banner Health expected the integration of the University of Arizona Health Network would be challenging. But its third-quarter financial performance also has been stressed by rising expenses and losses in its Medicare Advantage business. New Jersey hospitals challenge state's approval of health plan Friday, November 20, 2015 4:30 PM Seventeen New Jersey hospitals are challenging the state's approval of a healthcare plan that they say harms them and patients by relegating the hospitals to a lower-tier network. Clinton proposing tax credit to help with healthcare costs Friday, November 20, 2015 3:24 PM Hillary Rodham Clinton is proposing a tax credit to help people deal with the rising costs of healthcare, the first in a series of tax benefits the Democratic presidential front-runner will be rolling out in the coming weeks. CMS may impose minimum provider-network standards for ACA plans Friday, November 20, 2015 12:12 PM The CMS has proposed mandating minimum network standards for health plans sold on the federal insurance marketplace in 2017 as part of an effort to handle the broad shift toward narrow provider networks. Calif. ballot measure on drug prices could spur more state efforts Friday, November 20, 2015 11:54 AM The measure, if passed, would require drugmakers to provide discounts to the state at the same rate as the U.S. Veterans Affairs Department, which is about 20%. Drugmakers have mobilized, donating $23 million since Nov. 3 to fight the ballot...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare CareOregon CEO Patrick Curran steps down Thursday, November 19, 2015 6:40 PM CareOregon CEO Patrick Curran announced Thursday that he has stepped down from his position as the head of the not-for-profit health plan and has been replaced by interim CEO Scott Clement. CMS determined to make full ACA fallback payments Thursday, November 19, 2015 5:10 PM The CMS released a memo late Thursday that reiterated the federal agency's desire to pay out risk-corridor payments despite the massive shortfall in the near term. Trinity Health to invest $80 million to improve health in six communities Thursday, November 19, 2015 4:05 PM Trinity Health announced Thursday it will invest $80 million in six communities it serves over the next five years to improve public health, with a particular focus on obesity and tobacco use. Studies on resident work hours 'highly unethical,' lack patient consent Thursday, November 19, 2015 3:45 PM Two studies that randomly assigned first-year medical interns to work longer hours than recommended to see the impact on patient outcomes are "highly unethical," said Public Citizen and the American Medical Student Association in letters sent... UnitedHealth considers ditching ACA's exchanges due to giant losses Thursday, November 19, 2015 1:00 PM UnitedHealth Group has lost $425 million from health plans sold on the Affordable Care Act's marketplaces, which forced the company to lower its profit projections for the rest of the year. The company suggested it may exit the exchanges altogether... Improper Medicaid payments have nearly doubled since fiscal 2013 Thursday, November 19, 2015 12:34 PM The CMS says the Affordable Care Act may have driven a dramatic increase tallied in a new audit of improper Medicaid payments. New health subcommittee chairman says he will dismantle ACA Thursday, November 19, 2015 11:21 AM Rep. Pat Tiberi of Ohio gets the position once held by Texas Rep. Kevin Brady, who is now chairman of the full committee. Ruling could mean FTC lost tool to go after healthcare-related data breaches Thursday, November 19, 2015 11:18 AM A recent ruling against the Federal Trade Commission might make it more difficult for the agency to bring and win cases against healthcare companies involved in data breaches, legal experts say. Global prescription drug use to increase 24% over next five years Thursday, November 19, 2015 11:14 AM Global use of prescription drugs shows no sign of slowing down over the next few years, according to a new report, which projects 4.5 trillion doses will be used in 2020, with China and India driving the spike in demand.

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