Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Accretive Health restructuring plan cuts 41 employees Wednesday, June 29, 2016 6:17 PM The Chicago-based hospital revenue management company Accretive Health is laying off 41 employees in a restructuring plan aimed at saving $16 million. AstraZeneca sues FDA to avoid generic competition for cholesterol drug Wednesday, June 29, 2016 4:32 PM AstraZeneca has filed a lawsuit against the Food and Drug Administration to block approval of generics for its best-selling cholesterol pill Crestor. The cholesterol-lowering pill is AstraZeneca's best-selling drug, accounting for $5 billion of its... Northeast providers form regional GPO Wednesday, June 29, 2016 4:31 PM Members of a Northeast alliance of health systems are forming their own group purchasing organization to better manage procurement and sourcing of supplies. Agriculture secretary to talk opioid abuse in Appalachia Wednesday, June 29, 2016 2:36 PM As President Barack Obama's administration prods Congress to pump $1.1 billion more into substance abuse treatment, Agriculture Secretary Tom Vilsack is heading to Appalachia on Thursday to discuss how opioid addiction is devastating the region. Biden pushes cancer research data-sharing, threatens to pull funds from outliers Wednesday, June 29, 2016 11:38 AM Vice President Joe Biden on Wednesday stressed the importance of research data-sharing and affordability in cancer treatments as goals for his Cancer Moonshot initiative. He also threatened to pull federal funding for cancer studies that fail to... New program certifies healthcare providers as IT experts Wednesday, June 29, 2016 11:36 AM Osteopathic physicians, dentists, pharmacists, nurses and others working in medical informatics are closer to obtaining certification as informatics experts, a role that's become increasingly important as Medicare and Medicaid reimbursement is more... Doctors, insurers flock to Medicare's cancer payment demo despite questions Wednesday, June 29, 2016 11:33 AM Seventeen private health insurance companies and more than 3,200 oncologists working in almost 200 medical groups will participate in the federal government's new cancer care project, but critics argue the program may not easily lower costs or... Fertility startup raises $15 million in new round of funding Wednesday, June 29, 2016 11:14 AM A digital healthcare platform focused on in vitro fertilization and fertility has raised nearly $15 million in a new round of funding.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Fertility startup raises $15 million in new round of funding 11:14:43 AM A digital health care platform focused on in vitro fertilization and fertility has raised nearly $15 million in a new round of funding. Harvard Pilgrim scores discounts on Novartis, Lilly drugs Tuesday, June 28, 2016 4:27 PM Harvard Pilgrim Health Care has reached a deal with Novartis and Eli Lilly to secure discounts on two congestive heart failure and diabetes drugs based on patient outcomes. EHR developer Medsphere Systems acquires doc HIT firm ChartLogic Tuesday, June 28, 2016 2:46 PM Medsphere Systems, a purveyor of an open source electronic health record system derived from a federal EHR, has acquired ChartLogic, a provider of a web-based systems and billing services for office-based physicians. Children's Healthcare of Atlanta partners with Georgia system Tuesday, June 28, 2016 2:11 PM Children's Healthcare of Atlanta, the leading provider of specialty pediatric services in Georgia, has partnered with Athens (Ga.) Regional Health System. This is the first partnership the not-for-profit system has entered. Home healthcare industry braces for another Medicare cut Tuesday, June 28, 2016 1:17 PM A proposed $180 million drop in Medicare reimbursement may not be a surprise to home healthcare agencies -- but that doesn't necessarily make it any easier to digest, industry leaders say. The 20 most expensive medical conditions treated in hospitals Tuesday, June 28, 2016 1:14 PM Sepsis, a life-threatening infection that is often acquired during a patient's hospital stay, remains the most costly condition for hospitals to treat. CMS defends Medicare Part B proposal Tuesday, June 28, 2016 1:09 PM The proposal to change the way doctors are reimbursed for prescribing outpatient drugs has been criticized by lawmakers of both parties and by multiple patient and doctor groups.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare BREAKING: McKesson plans to divest tech business 10:15:00 AM After a tough year of losses and cost-cutting, McKesson Corp. is looking to potentially divest its technology business in a joint venture that it hopes to later take public. Hospitals get more proactive about bill collection as patients' ability to pay deteriorates 7:30:00 AM Patients' ability to pay medical bills is declining even as their out-of-pocket costs rise under high-deductible health plans, according to a report released Tuesday by the credit rating firm TransUnion. CMS proposes $180 million pay cut for home health Monday, June 27, 2016 5:48 PM Home healthcare agencies would see a 1% drop in Medicare reimbursement under a proposed rule issued Monday. The pay cut was floated the same day the U.S. Supreme Court chose not to review a federal labor rule that home health providers say is... State investigates KentuckyOne hospital over staff layoffs Monday, June 27, 2016 1:46 PM The Kentucky Cabinet for Health and Family Services has begun an investigation of the hospital after several of its physicians claimed that layoffs among nurses and other staff have caused major patient-safety concerns. 'Medicalized' smartphones shifting medicine out of healthcare settings Monday, June 27, 2016 11:59 AM Smartphones, with their compact computing power, are allowing more and more patients to get care and diagnostics outside of healthcare settings -- an irresistible trend that hospitals and clinicians need to embrace, Dr. Eric Topol said Monday. Supreme Court lets stand rule raising pay for home healthcare workers Monday, June 27, 2016 11:53 AM The U.S. Supreme Court decided Monday it will not hear a case challenging a new Labor Department rule that required higher wages for many home healthcare workers -- meaning the rule will stay in place. Cleveland hospitals prepare for Republican National Convention Monday, June 27, 2016 11:41 AM As Cleveland braces for the thousands of people expected to flood the region for the Republican National Convention, area hospitals hold the same mantra that many Northeast Ohioans are likely following: prepare for the worst, hope for the best. Supreme Court abortion ruling will bring more fights over limits and access Monday, June 27, 2016 11:15 AM In what many are calling the biggest abortion decision in years, the U.S. Supreme Court on Monday struck down a Texas law that limited women's access to the procedure. Many states have similar restrictions.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Cleveland hospitals prepare for Republican National Convention 11:41:03 AM As Cleveland braces for the thousands of people expected to flood the region for the Republican National Convention, area hospitals hold the same mantra that many Northeast Ohioans are likely following: prepare for the worst, hope for the best. BREAKING: Supreme Court strikes down Texas abortion law 11:15:00 AM In a major decision, the U.S. Supreme Court on Monday struck down a Texas abortion law that many say would have limited women's access to the procedure. Medtronic to acquire ventricular assist devicemaker 10:53:50 AM Medtronic has announced it will acquire a Framingham, Mass.-based manufacturer specializing in less-invasive devices used to treat heart failure. MedAssets-Precyse gets new name 1:01:00 AM A year ago, Pamplona Capital Management acquired MedAssets for $2.7 billion, immediately selling off its GPO and performance-improvement businesses and merging its revenue cycle management business with Precyse, its own brand. A new identity for the... Minn. nurses back to work after strike Sunday, June 26, 2016 4:14 PM Thousands of nurses returned to work Sunday at five Allina Health hospitals in the Minneapolis area following a seven-day strike mainly over the cost of their health insurance.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare CMS proposes $50 million payment bump for dialysis services Friday, June 24, 2016 6:15 PM The CMS is proposing to increase Medicare payments for dialysis services. Under the proposed rulemaking, dialysis facilities would receive 0.5% or $50 million more in 2017 than they received in reimbursement this year. Duke LifePoint to acquire East Texas health system Friday, June 24, 2016 12:51 PM Duke LifePoint Healthcare, a joint venture of LifePoint Health and Durham, N.C.-based Duke University Health System, has signed a letter of intent to acquire Good Shepherd Health System, a two-hospital system in Longview, Texas. Calif. hospital pays $1 million to settle patient-dumping case Friday, June 24, 2016 12:49 PM Pacifica Hospital of the Valley in Sun Valley, Calif., has agreed to pay $1 million and adopt homeless patient discharge protocols to settle allegations by the city of Los Angeles that the hospital improperly discharged a homeless patient. Wyden questions motives of doctors on opioid abuse panel Friday, June 24, 2016 12:30 PM A high-ranking Senate Democrat is pushing for more answers on why doctors and patient advocates with financial ties to the pharmaceutical industry came to serve on a panel that advises the federal government on pain issues. Minnesota Blues' decision to alter ACA plans mirrors stampede to narrow networks Friday, June 24, 2016 11:56 AM Blue Cross and Blue Shield of Minnesota is cutting back its participation in the state's Affordable Care Act exchange after losing nearly $300 million in the individual market in 2015. Narrow networks have become the primary cost-control tool for... New York-Presbyterian offers rare 'century' bond Friday, June 24, 2016 11:54 AM The hospital plans to use the funds to refinance old debt as well as help integrate regional hospitals into its network. Some of the money will also go toward a new ambulatory-care center at New York Methodist Hospital in Brooklyn. Beaumont Hospital Royal Oak names new president Friday, June 24, 2016 11:51 AM Rosanna Morris has been named president of 1,070-bed Beaumont Hospital in Royal Oak, Mich., replacing Shane Cerone, who left earlier this year to become a consultant with Van Conway and Partners.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Illinois insurance co-op sues feds over health law payments 8:30:00 AM A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act. 1,300 Kaiser nurses begin four-day strike Thursday, June 23, 2016 2:21 PM Registered nurses at Kaiser Los Angeles Medical Center began their four-day strike Thursday. The 1,300 unionized nurses claim the hospital inadequately staffs units, leading to unsafe conditions for patients. Sutter Health and Alameda Health redirect ER hoppers with new software Thursday, June 23, 2016 2:02 PM Sutter Health and Alameda Health System have teamed to install software at six Oakland, Calif., area hospitals to try to reroute patients who frequent their emergency departments to other appropriate care and services. Doctors, patients urge legislation to improve hospice, palliative care Thursday, June 23, 2016 12:47 PM The Senate Special Committee of Aging heard from best-selling author and surgeon Dr. Atul Gawande on Thursday, who said the system of care for people with serious, life-limiting illnesses is "often inadequate and inhumane." About 5% of home healthcare agencies show potential signs of fraud Thursday, June 23, 2016 12:44 PM More than 500 home healthcare agencies -- about 5% of the total -- and 4,500 doctors across the country share characteristics that often point to home healthcare fraud, according to a report from HHS' Office of Inspector General. Two Miss. systems sue state over Medicaid reimbursements Thursday, June 23, 2016 12:42 PM Two public safety net systems have sued to recover up to $20 million in Medicaid reimbursement payments. The systems allege that the funding formulas unevenly distribute reimbursement among providers. Michigan drug wholesaler Frank W. Kerr Co. to close after 103 years Thursday, June 23, 2016 12:41 PM After 103 years, Novi, Mich.-based Frank W. Kerr Co., once one of the country's largest independent pharmaceutical wholesalers, is calling it quits. CDC panel calls AstraZeneca's flu spray vaccine ineffective, rejects using it next flu season Thursday, June 23, 2016 12:35 PM An expert panel has recommended that the nasal form of the influenza vaccine should not be used for the upcoming flu season due to its lack of effectiveness over the past three years. AstraZeneca, the vaccine's manufacturer, generated more than $200... Oregonians use ER less, docs more after Medicaid expansion Thursday, June 23, 2016 12:33 PM After expanding Medicaid, residents of Oregon are largely able to find a doctor and have dropped ER visits, despite a more than 50% increase in the number of people using the program, according to a new analysis by the state. Northwell takes over Coney Island Hospital's troubled lab following fatal mistake Thursday, June 23, 2016 12:25 PM New York City's public hospital system is turning over day-to-day operations of the lab at Coney Island Hospital to Northwell Health, after it failed recent state Health Department inspections, Crain's New York Business has learned.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Senators push Justice Department to halt health insurance mergers Wednesday, June 22, 2016 4:01 PM Seven Democratic U.S. senators -- including Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut -- have urged the U.S. Justice Department to block the pending health insurance mega-mergers in one of the strongest stances to... Patients sue Wash. hospital over charity-care dispute Wednesday, June 22, 2016 3:48 PM Two Washington state men have filed a class-action lawsuit against Northwest Hospital & Medical Center in Seattle, claiming the hospital failed to screen them for free or discounted care under the Washington Charity Care Act. Kentucky Gov. Bevin unveils conservative Medicaid expansion waiver Wednesday, June 22, 2016 2:47 PM Kentucky Gov. Matt Bevin has unveiled his proposal to move the state into a more conservative expansion of Medicaid that mimics Indiana's expansion effort. Authorities charge 301 in healthcare fraud schemes in largest-ever takedown Wednesday, June 22, 2016 2:11 PM Federal and state enforcement officials charged 301 doctors, nurses and other licensed medical professionals across the country for alleged healthcare fraud Wednesday in what the U.S. Justice Department described as the largest coordinated takedown... Trustees' report says Medicare will be insolvent by 2028 Wednesday, June 22, 2016 1:15 PM The Medicare trust fund will be insolvent by 2028, according to the 2016 Medicare trustees' report released Wednesday. The prediction is a departure from the 2030 date the Obama administration outlined in the previous two reports. Australia reports no mass shootings, drop in firearms deaths after strict gun control measures Wednesday, June 22, 2016 11:51 AM A new study looks at how strict gun reform measures implemented 20 years ago in Australia may have caused gun-related deaths and mass shootings to plummet.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare House Republicans offering proposals for healthcare changes 9:00:00 AM House Republicans are unveiling new proposals to repeal and replace President Barack Obama's healthcare law, as Speaker Paul Ryan seeks to showcase a GOP governing agenda amid the tumult of the presidential campaign. Diet habits improve among U.S. adults, but wide racial and economic gaps remain Tuesday, June 21, 2016 2:55 PM Progress made over the past decade to improve the eating habits of U.S. adults has not narrowed racial and socioeconomic disparities, according to a new study. HHS teams up with IRS to enroll young invincibles Tuesday, June 21, 2016 2:00 PM HHS is teaming up with the Internal Revenue Service to reach out to young adults during the next marketplace open enrollment period. The agencies will contact individuals who paid a penalty or claimed an exemption in 2015. Hedge fund manager accused of insider trading of generic drug info is found dead Tuesday, June 21, 2016 1:17 PM A hedge fund manager was found dead in an apparent suicide Monday less than a week after he was charged with insider trading based on tips he allegedly received from a former Food and Drug Administration official. Health systems with insurance operations stumble in 2015 Tuesday, June 21, 2016 12:21 PM Not-for-profit, vertically integrated hospital systems continued to churn out surpluses in 2015, but the margins were a lot tighter than the year before. Select Medical hospital in Texas to close Tuesday, June 21, 2016 12:15 PM Regency Hospital in Fort Worth, Texas, will close Aug. 11. No reason has been given. More than 150 employees will be laid off. University of Michigan system to acquire Metro Health Corp. Tuesday, June 21, 2016 12:13 PM The University of Michigan Health System has signed a letter of intent to acquire Wyoming, Mich.-based Metro Health Corp., a one-hospital system. Kindred wins bid to privatize Arkansas home health business Tuesday, June 21, 2016 11:48 AM Kindred Healthcare has agreed to purchase Arkansas' home health operations in a privatization move that would put the company's facilities in 70 counties across the state, compared with the four it currently covers. Premier introduces QUEST 2020, newest hospital quality initiative Tuesday, June 21, 2016 11:45 AM Premier is launching a new data sharing initiative to help hospitals meet federal reimbursement requirements. An earlier iteration is credited with preventing 176,000 deaths and saving $15 billion at 350 hospitals over eight years. Royal Philips inks deals to expand digital pathology business Tuesday, June 21, 2016 11:39 AM Dutch conglomerate Royal Philips announced Tuesday that it has acquired PathXL, a Northern Ireland-based developer of software used for digital pathology image analysis, workflow and education.

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