Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Higher overhead shrinks surplus, margins at Oklahoma's St. Francis Health Friday, November 13, 2015 4:34 PM St. Francis Health System, while remaining extremely healthy financially, reported a small dip in its surplus and operating margin in the past year due in part to a sharp increase in administrative costs. CMS proposes new star ratings for dual demo plans Friday, November 13, 2015 4:30 PM The CMS is working to develop a separate star-rating system for health plans participating in an Obama administration experiment intended to better manage benefits and care for low-income and disabled Americans. UPMC reaches deal with Highmark on continuing care for members Friday, November 13, 2015 4:00 PM UPMC, which has been seeking to sever ties with insurance giant Highmark, reached an agreement with the health plan Friday on the terms of continuing care for Highmark patients currently being treated at its facilities. Medicare spending $9B on hepatitis C drugs Friday, November 13, 2015 3:00 PM Medicare spending on breakthrough medications for hepatitis C will nearly double this year, passing $9 billion, according to new government figures. That's raising insurance costs for all beneficiaries, whether or not they have the liver-wasting... FDA orders recall of machine used to clean medical scopes Friday, November 13, 2015 2:58 PM Federal officials are ordering the recall of nearly 2,800 machines used to disinfect medical scopes. They blamed company violations that could lead to infections. University of Rochester teams up with two rural hospitals Friday, November 13, 2015 2:39 PM The University of Rochester (N.Y.) Medical Center announced this week it has officially teamed up with two rural hospitals: Jones Memorial Hospital in Wellsville, N.Y., and Noyes Health in Dansville, N.Y. Supreme Court agrees to hear Texas abortion case Friday, November 13, 2015 2:30 PM The case, Whole Woman's Health v. Cole, questions whether a Texas law makes it too difficult for women in the state to get the procedure. A decision could come as late as June, just months before the presidential election. Memorial Sloan Kettering continues to see drag from higher drug prices, labor costs Friday, November 13, 2015 1:26 PM So far this year, higher pharmaceutical prices and expansion added to Memorial Sloan Kettering Cancer Center's expenses, which have grown faster than revenue and weakened the system's margin. Perrigo to go it alone; shareholders reject $26B Mylan bid Friday, November 13, 2015 11:22 AM Mylan acknowledged that its cash-and-stock offer failed to garner enough interest from Perrigo shareholders by a Friday deadline. About 40% of Perrigo shares had been tendered, well short of the more than 50% required to advance its takeover, the... Health IT experts working to tackle patient matching problem Friday, November 13, 2015 11:18 AM Two national health information exchange organizations are soliciting input on ideas for improving how providers and others healthcare organizations match patients to their electronic medical records. And no, they're not recommending a national...

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