Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare BREAKING: TeamHealth bought by Blackstone Group for $6.1 billion 11:30:00 AM Physician-staffing giant TeamHealth has agreed to be purchased by affiliates of the Blackstone Group for $6.1 billion. Blackstone, one of the nation's largest private-equity groups, intends to pay $43.50 per share for TeamHealth.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Final Medicare payments to dialysis facilities to increase by $80 million Friday, October 28, 2016 6:06 PM Facilities that care for Medicare patients with end-stage renal disease will see their rates rise by 0.73% next year, leading to an extra $80 million in funding, the CMS said late Friday. Kindred nursing home arbitration suit to get U.S. Supreme Court review Friday, October 28, 2016 4:31 PM The U.S. Supreme Court decided Friday to weigh in on the validity of nursing home arbitration agreements, granting review to a case involving Kindred Healthcare nursing homes. CMS updates ratings site for dialysis facilities Friday, October 28, 2016 1:45 PM The site, which has received industry criticism since its launch in January 2015, will now show measures of patient satisfaction. There have also been technical changes to the calculation methodology. LifePoint withstands market panic caused by renewed Clinton probe Friday, October 28, 2016 12:45 PM The stock market was rattled Friday afternoon following the news that the FBI reopened its investigation of Democratic presidential nominee Hillary Clinton's emails. But LifePoint Health withstood the choppiness on the strength of its third-quarter... Pittsburgh researchers team up to offer open-source genomic software Friday, October 28, 2016 12:43 PM Several Pittsburgh-based genetic research organizations have released to the public an open-source software tool that aims to make researchers' work easier while handing massive amounts of genomic data across disparate data sources. Hospitals crave antibiotic-free meat to reduce threat of superbugs Friday, October 28, 2016 12:40 PM More hospitals have worked to eliminate antibiotics in the meat they serve in patient meals in an effort to address concerns about the rise of antimicrobial-resistant pathogens. ACA plans hamper Molina Healthcare, but Medicaid business continues turnaround Friday, October 28, 2016 11:42 AM Molina Healthcare's Medicaid business improved further in the third quarter after a rocky start to the year, but worse-than-expected results from the Affordable Care Act marketplaces weighed down the insurer's profit.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare HealthSouth CEO Jay Grinney to retire at year-end Thursday, October 27, 2016 5:57 PM Birmingham, Ala.-based HealthSouth Corp. announced Thursday that its president and CEO Jay Grinney will retire effective Dec. 31. Cancer drug sales boost Bristol-Myers Squibb performance Thursday, October 27, 2016 4:30 PM The biopharmaceutical company said global revenue for the third quarter were driven by sales of the cancer drug Opdivo, which tripled to $615 million from a year ago. Sales of Eliquis, a cardiovascular medicine, rose 90% from a year ago to $884... Patients left in limbo as more doctors flee Puerto Rico Thursday, October 27, 2016 4:30 PM The steady departure of pediatricians, surgeons, orthopedists, neurologists and others from the island has become a stampede as the economy shows no sign of improving and financial problems in the territorial health insurance program make it nearly... CHS stock plummets nearly 50% on Q3 losses Thursday, October 27, 2016 4:15 PM Investor confidence in Community Health Systems plummeted Thursday as losses in the third quarter previewed by the company after the close of markets Wednesday caused its stock to fall nearly 50%. California hospitals turn to voters to protect Medicaid fee program Thursday, October 27, 2016 3:36 PM California hospitals are asking voters to approve a ballot initiative that would permanently extend Medi-Cal's hospital fee program. The fees paid by hospitals generate billions in federal matching funds that subsidize healthcare services for... UPMC to build second cancer center in Ireland Thursday, October 27, 2016 2:53 PM UPMC health system announced Thursday it has partnered with Ireland's largest private healthcare system to build a new cancer therapy center in Cork. Hurricane aside, HCA posts another solid earnings quarter Thursday, October 27, 2016 1:31 PM Hurricane Matthew couldn't dampen HCA's earnings momentum. In the third quarter, the chain posted net income of $618 million, or $1.59 per share, compared with net income of $449 million, or $1.05, in the year-earlier quarter. Nine universities receive NIH grant to integrate patient outcomes into EHRs Thursday, October 27, 2016 12:39 PM Northwestern University in Evanston, Ill. will lead a project with eight other universities to integrate patient-reported outcomes into electronic health records as part of a grant from the National Institutes of Health. Cleveland Clinic announces top 10 medical innovations for 2017 Thursday, October 27, 2016 11:36 AM A team of more than 100 doctors and researchers assembled by the Cleveland Clinic examined nearly 200 nominations to identify and rank the top 10 innovations.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Cleveland Clinic announces top 10 medical innovations for 2017 11:36:56 AM A team of more than 100 doctors and researchers assembled by the Clinic examined nearly 200 nominations to identify and rank the top 10 innovations. Aetna profits bolstered by Medicare, Medicaid business lines 8:45:00 AM Aetna's third-quarter net income jumped 7.8% compared with the year-ago period as membership growth in its Medicare and Medicaid businesses offset membership losses in its commercial segment. CHS is expected to post $83 million operating loss in Q3 as red ink mounts Wednesday, October 26, 2016 7:54 PM Losses at Community Health Systems continued to mount in the third quarter as the troubled hospital company considers a sale. CHS next week is expected to report a loss of $83 million. HCA drops Oklahoma University Medical Center Wednesday, October 26, 2016 5:51 PM HCA will receive $750 million to transfer ownership of OU Medicine. SSM Health will partner with OU and the University Hospitals Authority and Trust to create a healthcare network. Employer-based health costs slow in 2016 to near-record low while high deductible plans rise Wednesday, October 26, 2016 3:23 PM Total health-benefit cost growth for employer-based insurance has slowed to a near-record low in recent years, but it's employees who are feeling the pinch. Vermont's all-payer ACO will begin in January Wednesday, October 26, 2016 3:17 PM In January, Vermont will become the first state in the nation to move to a voluntary all-payer accountable care organization model, the CMS announced Wednesday. The Vermont program is modeled after a similar one from Maryland, but the Maryland... Former MetroHealth COO, three others indicted for bribery, fraud Wednesday, October 26, 2016 12:53 PM Edward Hills, a former chief operating officer of the MetroHealth System, and three others have been arrested by federal marshals and named in a 33-count indictment filed in U.S. District Court in Cleveland. Feds probing Express Scripts' relationships with drugmakers, specialty pharmacies Wednesday, October 26, 2016 12:14 PM Express Scripts, the nation's largest pharmacy benefit manager, revealed on Tuesday that it has received subpoenas asking for information about the firm's relationships with drugmakers, charitable foundations and specialty pharmacies. Justice Department doubles down on Carolinas HealthCare lawsuit Wednesday, October 26, 2016 12:10 PM The U.S. Justice Department urged a North Carolina federal judge to take a closer look at Carolinas HealthCare System's steering provisions in insurer contracts and to ignore the health system's pleas for a quick escape from the suit. Trinity Health suffers from costly Medicare Advantage claims, soaring labor and supply costs Wednesday, October 26, 2016 12:00 PM Trinity Health ended its fiscal year with lower margins as it suffered from a massive $65.3 million liability charge this year for its Ohio Medicare Advantage plan Medigold and higher labor and supply costs.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Copycat enrollment websites hamper ACA sign-up efforts Tuesday, October 25, 2016 6:14 PM With the Affordable Care Act's open enrollment starting next week, ACA navigators are concerned about the proliferation of insurance websites with URLs that may confuse consumers. AARP sues feds over employee wellness program incentives Tuesday, October 25, 2016 4:14 PM AARP, the consumer group representing older Americans, sued a federal agency on Monday alleging regulations allowing employers to promote wellness programs violate federal anti-discrimination and medical privacy laws. CMS gives providers more ways to enroll in alternative payment models Tuesday, October 25, 2016 12:34 PM The Obama administration announced continued progress toward meeting its goal of tying half of all healthcare payments to alternative payment models by the end of 2018. The agency also answered providers' calls for more opportunities to participate... Double-digit premium hikes unlikely to affect most ACA shoppers Tuesday, October 25, 2016 12:19 PM Health insurance premiums for the benchmark exchange plans are set to rise 25% on average in 2017 -- an eye-popping figure that has fueled another wave of criticism by Republicans seeking to dismantle the ACA. But policy experts say the projected... Johns Hopkins partners with consulting firm to share safety and quality practices Tuesday, October 25, 2016 12:15 PM Johns Hopkins Medicine's Armstrong Institute for Patient Safety and Quality has entered into a strategic collaboration with consulting firm EY to develop and share best practices with providers across the globe. Biden talks Cancer Moonshot at innovation summit Tuesday, October 25, 2016 11:49 AM Biden emphasized the need for data sharing, innovation and investment, as well as collaboration. Although collaboration is key, he said, "our systems are ill-equipped to reward collaboration, to reward team science, to give credit to everyone...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Obama administration confirms double-digit premium hikes 9:00:00 AM Premiums will go up sharply next year under President Barack Obama's healthcare law, and many consumers will be down to just one insurer, the administration confirmed Monday. That's sure to stoke another "Obamacare" controversy days before a... CMS to release report on participation in alternative payment models Monday, October 24, 2016 4:44 PM HHS Secretary Sylvia Mathews Burwell will announce the findings at a summit of the Health Care Payment Learning and Action Network on Tuesday. Longtime Silver Cross Hospital CEO to retire Monday, October 24, 2016 4:37 PM Paul Pawlak, who has led Silver Cross Hospital in New Lenox, Ill., for nearly 30 years, is retiring next year. Dignity and Catholic Health Initiatives are in merger talks Monday, October 24, 2016 1:45 PM A full merger would create the nation's largest not-for-profit hospital company with combined revenue of $27.6 billion ahead of the $20.5 billion posted by Catholic-sponsored Ascension. SNF chain will pay $145 million settlement over unnecessary rehab services Monday, October 24, 2016 12:46 PM Life Care Centers of America and its owner will pay $145 million to settle allegations that it billed Medicare and Tricare for medically unnecessary rehabilitation services over a seven-year period. It's the largest-ever False Claims Act settlement... Software bridges insurance brokers, federal marketplaces Monday, October 24, 2016 12:24 PM My1HR uses software that helps insurance brokers connect to the federally facilitated insurance marketplaces. Study finds no difference in 5-year outcomes between off- and on-pump CABG Monday, October 24, 2016 12:22 PM The study's findings question what has long been the gold standard of coronary artery bypass surgery. White House argues that courts don't belong in House-ACA funding fight Monday, October 24, 2016 12:19 PM The Obama administration blasted House Republicans on Monday for inappropriately involving federal courts in their dispute over funding for the Affordable Care Act, alleging the lawmakers are trying to circumvent the Constitution with their lawsuit. CMS halts auto-enrollment proposals from Medicare Advantage plans Monday, October 24, 2016 11:45 AM The CMS has temporarily stopped accepting new proposals from health insurance companies seeking to enroll their commercial or Medicaid patients automatically into their Medicare Advantage plans.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare BREAKING: CMS halts auto-enrollment proposals from Medicare Advantage plans 11:45:00 AM The CMS has temporarily stopped accepting new proposals from health insurance companies seeking to enroll their commercial or Medicaid patients automatically into their Medicare Advantage plans. ASU, Mayo Clinic recruiting students for new training program 1:01:00 AM The Mayo Clinic and Arizona State University are teaming up to offer a medical certificate program. New data expose mysterious world of off-exchange health plans 1:01:00 AM Individual and small-group health plans on the Affordable Care Act exchanges in 2016 were cheaper than plans sold off the exchanges, according to new data providing the most detailed look yet at how the ACA exchanges compare with the off-exchange...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Michigan health premiums to rise 16.7% in individual market Saturday, October 22, 2016 12:15 PM The nearly 400,000 people who buy their own health insurance in Michigan will see premiums rise by an average of 16.7% next year, a sticker shock that insurers and the government say can be offset for those who qualify for tax credits. Assisted-suicide bill passes New Jersey Assembly Saturday, October 22, 2016 12:00 PM Terminally ill residents with prognoses of less than six months to live would be permitted to obtain prescriptions for drugs to end their lives under a bill just approved by the New Jersey Assembly.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Chicago has a new 800-pound gorilla in healthcare Friday, October 21, 2016 12:35 PM The Health Care Council of Chicago, a not-for-profit, has 15 founding members so far. Chicago-area companies like Walgreens, Aon, Takeda Pharmaceuticals and the Healthcare Financial Management Association now have a forum where they all come... Cigna ends prior authorization policy for opioid addiction treatment Friday, October 21, 2016 12:10 PM Cigna Corp. will end a requirement that prevented providers from prescribing treatments for patients with opioid addiction without prior authorization. House GOP ACA lawsuit heats up in appeals court Friday, October 21, 2016 11:32 AM The Obama administration on Monday will fire its first missive in federal appeals court defending the appropriations used to fund portions of the Affordable Care Act.

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