Tuesday, 22 December 2015

Modern Healthcare Breaking News

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Modern Healthcare Breaking News

Latest Breaking News from Modern Healthcare

CMS posts new view of drug spending amid mounting tension on costs
Monday, December 21, 2015 5:44 PM
More Medicare beneficiaries were prescribed AstraZeneca's cholesterol drug Crestor than any other prescription medication last year, but the government spent 20% more on Sovaldi, Gilead's new blockbuster hepatitis C drug.


Phoebe Putney posts surplus on revenue growth, cost cutting
Monday, December 21, 2015 3:45 PM
Phoebe Putney Health System posted a strong financial turnaround in its fiscal 2015 on higher revenue and reduced costs for salaries, wages and benefits. The results were hampered, however, by a dramatic drop in investment income -- a problem for...


FDA lifts lifetime ban on blood donations from gay, bisexual men
Monday, December 21, 2015 2:30 PM
The FDA on Monday officially lifted its lifetime ban on blood donations from gay and bisexual men, ending a decades-old policy that health organizations have viewed as outdated and advocates have argued unfairly discriminated against individuals...


Optum buys part of Connecticut physician group
Monday, December 21, 2015 2:30 PM
Optum, the consulting and services subsidiary of health insurance giant UnitedHealth Group, has acquired the administrative business of ProHealth Physicians, an independent physician group based in Connecticut.


Appetite for Medicaid contracts on display in WellCare's Iowa battle
Monday, December 21, 2015 12:54 PM
Iowa's decision to boot WellCare from its new Medicaid managed-care program has roiled tensions in the state. It also shows how fiercely insurers will fight to secure a big-ticket source of revenue.


Five Star Quality Care officially rejects takeover bid
Monday, December 21, 2015 12:34 PM
Senior living provider Five Star Quality Care on Monday formally rejected the $325 million takeover bid by an affiliate of real estate investment and management company Senior Star.


Shkreli fired from KaloBios
Monday, December 21, 2015 12:15 PM
Things have gone from bad to worse for former Turing Pharmaceuticals CEO Martin Shkreli. Days after Shkreli's arrest on charges of securities fraud and resignation from Turing, California-based KaloBios Pharmaceuticals announced Monday that it has...


Judge: Yakima hospital violated Charity Care Act
Monday, December 21, 2015 11:45 AM
A judge says a hospital in Yakima, Wash., has violated the state Charity Care Act by demanding payment from indigent patients.


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