Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Oklahoma governor vetoes bill requiring vaccine information 11:00:00 AM Oklahoma Gov. Mary Fallin has vetoed a bill that would have required doctors administering vaccines to provide certain information about the benefits and risks of vaccines. First drug for delusions in Parkinson's patients approved Friday, April 29, 2016 7:07 PM Federal health officials have approved an experimental drug to treat psychotic delusions and behaviors that often afflict patients with Parkinson's disease, the debilitating movement disorder. CHS completes Quorum spinoff Friday, April 29, 2016 6:42 PM Community Health Systems reported $1.2 billion in net proceeds from financing arrangements related to the spinoff of 38 of its hospitals into a separate, independent company called Quorum Health Corp. CHS completed the spinoff Friday, and Quorum... Physician, scientist Soon-Shiong tops Bloomberg's 2015 Pay Index Friday, April 29, 2016 5:36 PM Biotech billionaire Dr. Patrick Soon-Shiong, 63, topped Bloomberg's Pay Index for 2015, beating out others by more than $170 million. Presence Health rethinks its Lean initiative Friday, April 29, 2016 3:06 PM Just six months after taking over the head office at Presence Health system, CEO Michael Englehart is rethinking being "Lean." The Chicago-based system's 11 hospitals had been practicing a manufacturing industry management style known as Lean. The... Petaluma Valley suspends talks with Prime, focuses on front-runner St. Joseph Health Friday, April 29, 2016 3:03 PM Petaluma Valley Hospital in California's Sonoma County this week suspended talks with Prime Healthcare Services as it attempts to solidify a deal with first-choice buyer St. Joseph Health. LifePoint Health gets first-quarter earnings season off to a rocky start Friday, April 29, 2016 2:11 PM LifePoint Health got the important first-quarter earnings season off to a rocky start Friday, posting a decline in earnings per share and leading hospital stocks to a down day on Wall Street. The system's shares never recovered from an early...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Gilead's Q1 profit tumbles on slower hepatitis C drug sales 8:45:00 AM Gilead Science's earnings tumbled more than 17% in the first quarter as steeper discounts and rebates on its blockbuster hepatitis C drugs cut into sales. How Medicare's payment overhaul tries to change how docs use tech 1:01:00 AM Medicare's new system for paying physicians will kill off the so-called "meaningful use" regime for measuring EHR use. The CMS promises a more flexible approach that focuses on making relevant information accessible to clinicians and... Should False Claims Act go easier on providers? Thursday, April 28, 2016 6:51 PM A hospital CEO and attorneys were divided during testimony before a congressional committee Thursday on whether healthcare providers should be given greater protections against frivolous fraud lawsuits. Senators want to halt change to Medicare Part B drug pay Thursday, April 28, 2016 5:55 PM In separate letters Thursday, Democrats and Republicans from the Senate Finance Committee said the new model makes broad changes that could adversely affect quality of care. Andrew Bindman named director at AHRQ Thursday, April 28, 2016 5:03 PM Dr. Andrew Bindman has been named director of the Agency for Healthcare Research and Quality, effective May 2. Sharon Arnold has served as acting director since March, when Richard Kronick stepped down. Kronick had led AHRQ, a division of HHS, since... Medicaid to be offered to some former inmates Thursday, April 28, 2016 2:04 PM New federal rules will extend Medicaid coverage to nearly 100,000 former prison inmates in halfway houses. SSM Health sheds coal company investments Thursday, April 28, 2016 12:18 PM SSM Health, a large Catholic hospital system, has fully divested its investments in companies that produce coal. It joins a growing coalition of healthcare organizations that view climate change as an immediate threat to public health. Cardinal Health's drug sales boost overall revenue in Q3 Thursday, April 28, 2016 12:12 PM Cardinal Health reported a bump in revenue in its third quarter, driven by gains in the company's pharmaceutical segment. The Dublin, Ohio-based drug and medical products distributor reported $386 million in earnings during the last quarter, up 6%... AbbVie buying cancer drugmaker StemCentrx for $5.8 billion Thursday, April 28, 2016 11:30 AM AbbVie on Thursday reported a boost in first-quarter profit on higher sales of the drug Humira and said it will buy cancer drug developer StemCentrx for more than $5.8 billion.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Sanofi makes $9.3 billion bid for Medivation 11:38:13 AM Drugmaker Sanofi says it has made a $9.3 billion bid for San Francisco pharmaceutical firm Medivation, part of the firm's effort to expand its portfolio of cancer treatments. AbbVie buying cancer drugmaker StemCentrx for $5.8 billion 11:30:41 AM AbbVie Inc. on Thursday reported a boost in first-quarter profit on higher sales of the drug Humira and said it will buy cancer drug developer StemCentrx for more than $5.8 billion. Abbott to spend $19.3B to buy St. Jude Medical 8:45:00 AM Abbott Laboratories will spend $19.3 billion to buy St. Jude Medical in a cash-stock deal that aims to strengthen the medical devicemaker's share of the market for cardiovascular care. Aetna loses membership in Q1 but builds revenue 7:00:59 AM Aetna's total medical membership fell by almost a half million people since the start of the year, but the Hartford, Conn.-based health insurer was still able to build revenue. Will Medicare's physician payment overhaul drive more docs to hospitals? Wednesday, April 27, 2016 6:00 PM The CMS began to answer the many questions about how physicians will get paid under the Medicare Access and CHIP Reauthorization Act. But some stakeholders were immediately dissatisfied with what they saw, and the 963-page rule may have raised as... Calif. Medical Association joins ACLU lawsuit against Dignity over religious directives Wednesday, April 27, 2016 5:45 PM California's largest medical association is joining the fight against Dignity Health over its refusal to allow a woman to get her tubes tied during a C-section. The lawsuit is one of a number filed by the ACLU over Catholic hospitals' refusals to... The striking variation of commercial healthcare prices Wednesday, April 27, 2016 5:01 PM One of the most comprehensive, independent studies of commercial healthcare prices shows that employers and insurers that provide private health coverage pay a lot more for services depending on the state where people live. Weills donate $185 million to UCSF Wednesday, April 27, 2016 4:26 PM The university said it's the biggest gift in the school's history and it will fund the construction of a 270,000 square-foot, six-story neurosciences building at Mission Bay. The donation also will help support a scholars program that allows... Pfizer finalizes $784 million settlement over Medicaid rebates Wednesday, April 27, 2016 11:48 AM Pfizer subsidiary Wyeth and the government have finalized a $784.6 million settlement over allegations that Wyeth hid drug discounts to avoid paying Medicaid millions of dollars in rebates. Racial health gap narrows but disparities remain significant Wednesday, April 27, 2016 11:38 AM The latest annual report card on the nation's health shows there's been progress in narrowing the gap in health disparities between blacks and whites, while Hispanics continued to have better outcomes than both.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Valeant CEO will cite 'mistakes' in price-hiking strategy 1:01:00 AM The outgoing CEO of embattled drugmaker Valeant Pharmaceuticals will tell lawmakers Wednesday that he was "too aggressive" and made mistakes in drastically hiking prices for several critical medicines, according to testimony provided to the... Edwards sees strong transcatheter heart valve sales after positive research findings Tuesday, April 26, 2016 5:49 PM Edwards Lifesciences, an Irvine, Calif.-based manufacturer of cardiovascular devices and critical-care monitoring equipment, reported an increase in first-quarter earnings driven by strong sales of its transcatheter aortic valve replacement device. University of Chicago Medicine's campus expansion plan hits snags Tuesday, April 26, 2016 2:32 PM The number of beds the Chicago academic medical center wants to add to the adult ER is too many, the construction tab for the nearly $270 million project too high, and the number of extra inpatient beds for overnight stays at the three-hospital... Georgia governor OKs state funds for anti-abortion centers Tuesday, April 26, 2016 2:23 PM Georgia can give state money to "pregnancy resource centers" that offer medical and other services to pregnant women while discouraging them from getting abortions, under legislation signed Tuesday by Republican Gov. Nathan Deal. Centene profiting from ACA plans, Medicaid expansion Tuesday, April 26, 2016 12:14 PM UnitedHealth Group may be abandoning most of the Affordable Care Act's insurance exchanges due to steep losses. But Centene Corp. is doing just fine. Senate hearing into Valeant includes top hedge fund investor Tuesday, April 26, 2016 12:13 PM Senate lawmakers investigating price hikes by the embattled drugmaker Valeant Pharmaceuticals will also question one of the company's leading investors, hedge fund manager William Ackman. A Senate committee holds its third meeting on drug prices on... Blog: Hospitals prosper on commercial payers as Medicare margins sink to -9% Tuesday, April 26, 2016 12:12 PM Margins on hospital Medicare business are expected to deteriorate this year, bottoming out at a negative 9% on average, according to a report by the commission that advises Congress on Medicare payments. Brigham and Women's Health Care appoints Landman CIO Tuesday, April 26, 2016 12:09 PM Brigham and Women's Health Care in Boston has named Dr. Adam Landman chief information officer, effective May 2. He currently serves as the not-for-profit's chief medical information officer for health information innovation and integration. Accretive announces leadership changes Tuesday, April 26, 2016 12:06 PM Joseph Flanagan was named president and COO of Accretive. Christopher Ricaurte was promoted to CFO and treasurer. He takes over for Peter Csapo, who will help with the executive transition. In February, Accretive closed a deal with its largest... Bill Ryan, CEO of Ohio hospitals advocacy group, steps down Tuesday, April 26, 2016 11:39 AM The Center for Health Affairs announced Monday that its president and CEO Bill Ryan will retire at the end of the year.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Bill Ryan, CEO of Ohio hospitals advocacy group steps down 11:39:34 AM The Center for Health Affairs announced Monday, April 25, that its president and CEO Bill Ryan will retire at the end of the year. CHS names Tim Hingtgen to senior operations role Monday, April 25, 2016 6:06 PM Community Health Systems has named Tim Hingtgen as its executive vice president of operations and John McClellan president of its division IV operations, which includes 31 affiliated hospitals in New Jersey, Ohio, Oklahoma and Pennsylvania. 85% medical-loss ratio in final managed Medicaid rule Monday, April 25, 2016 5:30 PM The CMS has finalized a long-awaited rule that will overhaul managed Medicaid, which has not been updated in a decade. The medical-loss ratios were capped at 85%, and network adequacy issues have been punted to states. Coalition says transparency, value-based pay could contain drug costs Monday, April 25, 2016 11:57 AM The Campaign for Sustainable Rx Pricing has released several ideas that focus on three key areas of transparency, competition and value. Health insurer execs reap massive rewards in deal-heavy 2015 Monday, April 25, 2016 11:55 AM UnitedHealth Group CEO Stephen Hemsley earned $14.5 million in 2015, according to a filing Friday, but he wasn't the top-earning health insurance executive. A new alternative to an MRI? Monday, April 25, 2016 11:43 AM Medical technology can spot disease, but often only when a patient already is in imminent danger. What if a simple handheld device could scan the body to detect disease much sooner? Southeast Michigan health systems reverse trends, reap profits Monday, April 25, 2016 11:36 AM After several years of continued Medicare reimbursement cuts and financial penalties under the ACA that have dampened profitability, the five systems in metro Detroit that reported 2015 financial data to Crain's Detroit Business positively rebounded... Liquidation begins for failed Obamacare insurer Monday, April 25, 2016 11:30 AM After months of uncertainty surrounding Health Republic Insurance of New York's liquidation process, new court documents released April 22 provide clarity on what creditors can expect to receive. That is a welcome development for doctors and other...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare A new alternative to an MRI? 11:43:17 AM Medical technology can spot disease, but often only when a patient already is in imminent danger. What if a simple handheld device could scan the body to detect disease much sooner? Southeast Michigan health systems reverse trends, reap profits 11:36:07 AM After several years of continued Medicare reimbursement cuts and financial penalties to help pay for the Affordable Care Act that have dampened profitability, the five systems in metro Detroit that reported 2015 financial data to Crain's positively... Valeant taps Perrigo leader to become next CEO 11:33:20 AM Embattled drugmaker Valeant Pharmaceuticals has chosen Perrigo Co. CEO Joseph C. Papa to become its new CEO, replacing J. Michael Pearson. Valeant said Monday that the 60-year-old executive will start early next month. Liquidation begins for failed Obamacare insurer 11:30:00 AM After months of uncertainty surrounding Health Republic Insurance of New York's liquidation process, new court documents released April 22 provide clarity on what creditors can expect to receive. That is a welcome development for doctors and other... Nurses at Stanford hospitals and clinics vote to strike Sunday, April 24, 2016 5:44 PM More than 2,700 Bay Area nurses working at Stanford Health Care and Lucile Packard Children's Hospital have voted to strike after failing to reach a contract agreement. The two sides return to the bargaining table Monday in Palo Alto, Calif.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare David Miller will retire as president, COO of Community Health Systems Friday, April 22, 2016 7:57 PM Community Health Systems announced that David L. Miller, president and chief operating officer, will retire at the end of the year. Miller departs after 19 years with CHS. Life expectancy dipped a bit for white women in U.S. Friday, April 22, 2016 6:30 PM Life expectancy for white women has fallen a little, according to a new government report. Life expectancy held steady for black women and white men, and increased for black men, Hispanic men and Hispanic women. Ohio Medicaid waiver could cost hospitals $2.5 billion Friday, April 22, 2016 5:03 PM A provision of the pending Medicaid waiver request submitted by the administration of Republican Gov. John Kasich would eliminate 90-day retroactive coverage. That could cost hospitals as much as $2.5 billion over the course of the five-year waiver,... Ruling on cost-sharing subsidies could rattle insurers in midst of rate-setting Friday, April 22, 2016 4:53 PM Another bombshell could soon drop on the Affordable Care Act insurance exchange market, and it might come at a highly vulnerable moment for Obamacare. A federal judge is expected to soon issue her ruling in a case that challenges the Obama... Supreme Court to hear patent case with major implications for drugmakers Friday, April 22, 2016 4:50 PM The pharmaceutical industry is closely watching a case slated to go before the U.S. Supreme Court on Monday over who should potentially have the upper hand in many patent battles between generic and brand-name drug makers. Schumacher and ECI merger would create physician-staffing giant Friday, April 22, 2016 3:33 PM Schumacher Clinical Partners, a physician staffing company with 5,200 doctors contracted to hospitals, has agreed to acquire ECI Healthcare Partners in a deal that will put the combined company in 32 states. Does drop in antidepressant use correlate with spike in suicides? Friday, April 22, 2016 1:17 PM The rise in suicides over the past decade is a stark reversal of the declines seen during the 1980s. Some blame the way the primary-care system approaches depression, which, if left untreated contributes to a vast majority of suicide attempts.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Arkansas GOP governor uses veto to save Medicaid program 8:45:00 AM Gov. Asa Hutchinson on Thursday effectively saved Arkansas' first-in-the-nation hybrid Medicaid expansion by voiding part of a budget bill that would have ended the subsidized insurance for more than 250,000 poor people. CMS proposes raising payment rates for hospice, skilled nursing and rehab Thursday, April 21, 2016 6:00 PM Skilled-nursing facilities may see an $800 million bump, Medicare might pay out $125 million more to rehab facilities, and hospices could get a $330 million increase. Anatomy of a layoff: How an embattled New York health insurer broke the news Thursday, April 21, 2016 4:00 PM The way in which EmblemHealth went about the layoffs has left many former employees angry, and they have turned to Florida labor attorney Sara Blackwell to fight the changes. Walgreens will pay $500,000 to settle New York overcharging probe Thursday, April 21, 2016 3:41 PM Walgreens will pay $500,000 to settle the latest case of a company accused of duping New York consumers over prices. Detroit Medical Center makes offer to acquire Wayne State University Physician Group Thursday, April 21, 2016 12:45 PM Detroit Medical Center on Wednesday asked permission of its academic teaching partner, Wayne State University School of Medicine, to present an offer to acquire the medical school's 500-member faculty practice plan. N.Y. hospital featured on TV show will pay $2.2 million HIPAA settlement Thursday, April 21, 2016 12:34 PM New York-Presbyterian Hospital has agreed to pay $2.2 million to settle allegations that it violated patient privacy rules by allowing a television crew to film patients without their consent. American Renal pitches physician clinic ownership in $165 million IPO Thursday, April 21, 2016 12:32 PM American Renal Associates, which owns clinics in partnership with physicians, raised $165 million through an initial public offering that sets the stage for the company to expand into new markets. The company co-owns nearly 200 dialysis centers and... Covered California will exclude hospitals with high rates of C-sections Thursday, April 21, 2016 12:30 PM Covered California, the state's insurance exchange, will exclude hospitals with high rates of C-sections in an effort to reduce the overall number of medically unnecessary cesarean births, which can be costly and carry higher risks for mother and... Quest profits jump by 67% in Q1 Thursday, April 21, 2016 11:42 AM Quest Diagnostics' profits soared in the first quarter as the company doubled down on its core business of diagnostic lab services.

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