Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Quest Diagnostics to pay $6 million settlement for alleged kickback scheme Friday, April 28, 2017 7:12 PM Medical laboratory giant Quest Diagnostics on Friday agreed to pay a $6 million settlement to resolve a lawsuit alleging a kickback scheme. CMS proposes payment raises for hospice, skilled nursing and rehab Friday, April 28, 2017 5:39 PM The CMS is proposing smaller pay increases to skilled-nursing facilities, inpatient rehabilitation facilities and hospice care next year. Guest commentary: Collaboration driving progress in the shift to APMs Friday, April 28, 2017 5:08 PM Rising costs, missed opportunities to improve care, and a growing understanding that the fee-for-service model may impede coordinated care make the shift to smarter spending increasingly urgent. New not-for-profit hooks Mount Sinai's most vulnerable patients up with lawyers Friday, April 28, 2017 4:00 PM Mount Sinai Medical-Legal Partnership joins the growing movement to build groups that can address the legal needs of the most vulnerable patients. LifePoint looks for new acquisitions after quiet year Friday, April 28, 2017 4:00 PM LifePoint Health has gone more than a year since acquiring a hospital, but its earlier shopping spree guided the health system to higher earnings and revenue in the first quarter. Trump names anti-abortion leader to high post at HHS Friday, April 28, 2017 3:16 PM Charmaine Yoest, who actively supported Trump in his campaign, will serve as assistant secretary of public affairs at HHS. From 2008 until February 2016, she was president of Americans United for Life, which campaigned at the federal and state level... With revenue up, Cerner remains unaffected by ACA uncertainty Friday, April 28, 2017 1:00 PM Cerner Corp. posted strong financial growth in the first quarter despite the continued uncertainty surrounding the Affordable Care Act and healthcare industry, the company said Thursday. Anthem loses appeal to seal $54B Cigna deal Friday, April 28, 2017 12:00 PM It was the $54 billion deal that wouldn't die. But on Friday morning, the proposed merger between national health insurers Anthem and Cigna Corp. finally met its end. Trump signs order creating accountability office at VA Friday, April 28, 2017 11:23 AM President Donald Trump on Thursday created an office at the Department of Veterans Affairs to improve accountability and protect whistle-blowers, calling it a "bold step forward."

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Trump signs order creating accountability office at VA 11:22:48 AM President Donald Trump on Thursday created an office at the Department of Veterans Affairs to improve accountability and protect whistleblowers, calling it a "bold step forward." House delays planned vote on revised ACA repeal and replace bill Thursday, April 27, 2017 6:51 PM After a frenzied week of revamping their Affordable Care Act replacement bill, House Republicans once again stalled a planned vote on the healthcare reform measure. ACA repeal, regulatory reform take hold during Trump's 100 days Thursday, April 27, 2017 6:00 PM While efforts to repeal and replace Obamacare faltered during the early days of the Trump administration, policies to reduce regulatory burden are moving forward. Healthcare costs vary widely by region Thursday, April 27, 2017 5:00 PM A report by researchers at the Health Care Cost Institute found costs of services vary dramatically depending on a patient's ZIP code. Health insurer CEOs score 2016 pay raises despite uncertain future Thursday, April 27, 2017 5:00 PM Despite a year of uncertainty and tumult, most of the CEOs at eight of the largest publicly traded insurance companies got a pay raise in 2016 for ensuring their companies weathered the storm. Gottlieb gets committee approval to lead FDA Thursday, April 27, 2017 4:02 PM A Senate committee voted 14-9 to send Dr. Scott Gottlieb's nomination as head of the U.S. Food and Drug Administration to the full Senate. Brigham & Women's offers buyouts to 1,600 employees Thursday, April 27, 2017 3:51 PM The prestigious teaching hospital is using the voluntary buyouts to rein in costs as it copes with uncertainty in the healthcare industry Insurance trade group: Cost-sharing payments are hardly a 'bailout' Thursday, April 27, 2017 3:00 PM As President Donald Trump tweets that Democrats want a bailout for insurers, AHIP and its allies say Congress needs to fund cost-sharing subsidies that are part of the Affordable Care Act. Editorial: The phony war on high drug prices Thursday, April 27, 2017 2:00 PM Politics, like nature, abhors a vacuum. Witness how the pharmaceutical industry has succeeded in taking advantage of President Donald Trump's failure to do something—anything—about high drug prices.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Plan to give health care to every Californian moves forward 11:49:59 AM California lawmakers pushed forward Wednesday with a proposal that would substantially remake the healthcare system of the nation's most populous state by replacing insurance companies with government-funded healthcare for everyone. Will some states return to the pre-ACA status quo if AHCA passes? Wednesday, April 26, 2017 6:00 PM With the right flank of House Republicans endorsing a rewrite of the American Health Care Act, students of health reform are trying to understand how insurance markets might change in 2018, or more dramatically in 2020. Vanderbilt's EHR install will test financial mettle Wednesday, April 26, 2017 5:00 PM Despite a strong financial profile, Vanderbilt University Medical Center's $214 million rollout of a new electronic health records system is so big that Moody's Investors Service is a little uneasy about it. Justices hear dispute over lower-cost biotech drugs sales Wednesday, April 26, 2017 4:44 PM The Supreme Court on Wednesday considered a drug company's fight to keep a generic version of its biotech drug off the market for an additional six months that would mean billions more in sales and higher costs to the public. Maine joins the throng seeking Medicaid work requirements Wednesday, April 26, 2017 3:57 PM Maine has become the latest state to seek to add a work requirement on Medicaid beneficiaries. There are now five states that are planning to, or have already asked, the Trump administration for the permission. New House bill aims to streamline device accessory reviews Wednesday, April 26, 2017 2:15 PM The proposed law could save manufacturers money by eliminating unnecessary review processes and ultimately reduce the cost of healthcare, the two bill sponsors said. Physician groups oppose new AHCA proposal Wednesday, April 26, 2017 1:00 PM A coalition of six physicians' groups sent a letter Wednesday to Congress critical of the latest version of the American Health Care Act, which would give states the option of scaling back essential health benefits such as mental health coverage. UHS, Acadia push past UK snags to solid Q1 earnings Wednesday, April 26, 2017 12:00 PM Behavioral health giants Universal Health Services and Acadia Healthcare each posted earnings and revenue gains in the first quarter, though UHS received potentially bad news from antitrust regulators on its December acquisition of a British...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Finding a four-star doctor? Like finding four-star pad thai 11:47:39 AM Searching for a doctor in Chicago may soon be as easy as searching for the best Thai food on your block. At least that's the idea at Advocate Health Care. The health system's website will now contain patient star ratings on physician profiles, along... Anthem profit soars on higher membership growth and premiums 8:35:00 AM National insurer Anthem's profit soared in the first quarter thanks to membership growth and higher premiums, as it continues to battle to acquire its rival Cigna. Centene reports strong earnings as it supports ACA exchanges Tuesday, April 25, 2017 5:00 PM Centene Corp. on Tuesday reported strong revenue in the first quarter as it continues to be an outlier among big insurers by committing to stick with the Affordable Care Act insurance exchanges. Physicians ask the CMS to cut Medicare red tape Tuesday, April 25, 2017 5:00 PM Doctors want the CMS to better sync policies for Medicare Advantage, Medicare fee-for-service and ACOs to help cut their regulatory burden. Stopping cost-sharing subsidies is a money loser for feds Tuesday, April 25, 2017 5:00 PM If the federal government stops payments to insurers for cost-sharing subsidies under the Affordable Care Act, it will pay more for premiums, according to a new study. LabCorp plans to slim down its Covance contract research business Tuesday, April 25, 2017 4:29 PM LabCorp is beginning a cost-cutting initiative in its contract research business after revenue and earnings slipped in the first quarter at its Covance Drug Development unit. The unit's performance dampened what ultimately turned out to be a... Nearly all Ohio Medicaid expansion enrollees would lose coverage if program is repealed Tuesday, April 25, 2017 4:17 PM About 95% of Medicaid expansion beneficiaries in Ohio would have no insurance option available if repealing the Affordable Care Act eliminates Medicaid expansion, according to a new study. Sanofi sues Mylan over epinephrine injector market monopoly Tuesday, April 25, 2017 3:00 PM Competing drugmaker Sanofi accused Mylan of offering illegal rebates that ensured its market dominance for epinephrine auto-injectors like EpiPen. Docs will still get paid if government shuts down Tuesday, April 25, 2017 2:00 PM Even if the federal government shuts down, doctors will continue to get paid to see Medicare or Medicaid patients. They will however face delays as they register to provide care under the programs. Purchase of CityMD signals strong investor interest in urgent care Tuesday, April 25, 2017 1:00 PM Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. Its New York storefronts, which provide convenient walk-in health care to residents, have become as ubiquitous...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Doc Halo secures $11 million in funding 8:30:00 AM The series A funding comes to the secure communications platform from Bain Capital Ventures. PBM Express Scripts loses biggest client Anthem Monday, April 24, 2017 7:00 PM Express Scripts' shares plummeted more than 10% in the wake of the news that it lost its largest client. Anthem accounts for about 18% of the pharmacy benefit manager's revenue. UnityPoint and Norton ride investment gains to big 2016 surpluses Monday, April 24, 2017 6:28 PM Solid investment and operating income helped Norton Healthcare to the best earnings among Louisville hospital systems in 2016, while UnityPoint relied on investment income for its gain. Hospitals call on Trump administration to end mandatory bundled pay programs Monday, April 24, 2017 6:00 PM Hospitals hope the CMS' decision to delay implementing Obama-era bundled-payment initiatives for cardiac and orthopedic care will open the door to making the experiments voluntary. HHS reaches first settlement with a wireless health services provider Monday, April 24, 2017 6:00 PM CardioNet has agreed to pay HHS $2.5 million for an alleged HIPAA violation, making the company the first wireless health services provider to reach a settlement with HHS. Former SAMHSA official selected for new HHS mental health post Monday, April 24, 2017 5:23 PM Elinore McCance-Katz has been nominated to serve as the HHS' first assistant secretary for mental health and substance abuse. Surgeon General Murthy's departure paints uncertain path ahead for opioid crisis Monday, April 24, 2017 4:28 PM Public health experts worry that the sudden departure of Vivek Murthy as U.S. surgeon general, coupled with proposed budget cuts, could thwart progress in the war on opioid addition. How much charity care do not-for-profit hospitals provide? Monday, April 24, 2017 4:00 PM A Modern Healthcare analysis shows that tax-exempt hospitals provide a wide range of charity care.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Michigan tests 'pay-for-success' model for diabetes prevention 11:40:00 AM A new type of financing is linking private investors who want to do good — and make some money in the process — with nonprofits looking to get upfront funding for programs where they're paid for results. How big of a threat can a 13-bed hospital really be? 11:25:00 AM In a state with a glut of empty hospital beds, what health system would think of pitching yet another medical center? Well, this one is tiny. It's a micro-hospital, a concept that has taken off in other parts of the country but has yet to take hold... Becton Dickinson will pay $24 billion to purchase another medical supply company 8:16:55 AM Franklin Lakes, New Jersey-based Becton Dickinson expects the acquisition of C. R. Bard to boost sales in foreign markets such as China, where it estimates it can earn annual revenue of $1 billion.

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Surgeon General Murthy steps down at Trump's request 12:11:27 AM U.S. Surgeon General Vivek Murthy resigned his post at the request of President Donald Trump, according to reports Friday evening. Kaiser Permanente chief says members are flocking to virtual visits Friday, April 21, 2017 5:00 PM More than half of physician encounters with Kaiser Permanente's 11.7 million members are now virtual as the health system spends big to enable convenient care, CEO Bernard Tyson told a Nashville luncheon audience Friday. UnitedHealth CEO's compensation swells in 2016 to $17.8 million Friday, April 21, 2017 5:00 PM Hemsley's compensation for running the nation's largest health insurance company grew by 22.4% over 2015, according to a document filed with the U.S. Securities and Exchange Commission on Friday. Cherokee Nation sues pharmacies, drug distributors over opioid crisis Friday, April 21, 2017 4:20 PM The Cherokee Nation claims the companies should have prevented rather than profited from the opioid epidemic and the mass distribution of addictive pain pills. Hospitals could experience $250 billion decrease in reimbursement under MACRA Friday, April 21, 2017 3:00 PM Hospital reimbursement from Medicare could potentially decrease by $250 billion over a 15-year period under MACRA, according to a new study. Health insurers spent big money on lobbying in early 2017 Friday, April 21, 2017 3:00 PM Insurers spent a combined $6.2 million lobbying Congress over a range of issues in the first quarter as Republican lawmakers fought to repeal and replace the Affordable Care Act. Advocate Health Care imposes hiring freeze Friday, April 21, 2017 2:00 PM The move comes a month after the collapse of the hospital system's proposed North Shore merger. Advocate Health Care is the largest hospital network in Illinois. Ratings agencies lower MetroHealth's bond ratings Friday, April 21, 2017 1:00 PM Three major ratings agencies recently downgraded MetroHealth's long-term ratings, but they all remain relatively optimistic about the Cleveland-based health system's ambitious plan to overhaul its main campus at a cost of nearly $1 billion on its...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Tougher immigration enforcement is taking a toll on healthcare 8:26:53 AM The Trump administration's more aggressive policy of detaining and deporting undocumented immigrants is posing new challenges for healthcare providers who serve immigrant communities. Amid growing uncertainty, states extend deadlines to file 2018 rates Thursday, April 20, 2017 10:22 PM With time running out to set insurance prices and still no sign of whether the Trump administration will continue funding cost-sharing subsidies for low-income Americans, several states are giving health insurers a little more wiggle room to file... Community ratings, essential benefits at center of new GOP push to replace ACA Thursday, April 20, 2017 6:00 PM As President Donald Trump on Tuesday renewed his pledge to remake the nation's healthcare system, GOP lawmakers are continuing to look for ways to build a coalition strong enough to repeal and replace the Affordable Care Act. Humana to focus on Medicare Part D and Medicare Advantage patients in 2017 Thursday, April 20, 2017 5:39 PM The insurer celebrates a healthy fiscal year by doubling down on Medicare Advantage and Medicare Part D. Trump administration postpones search for key marketplace vendor Thursday, April 20, 2017 5:00 PM The vendor would be responsible for data on HealthCare.gov, which has been criticized for not properly securing personal information. EHRs can be just as accurate as traditional surveys for population health Thursday, April 20, 2017 5:00 PM EHR health surveillance systems can measure the prevalence of certain conditions with the same accuracy as more conventional public-health surveys. Medicaid expansion drives drop in uninsured veterans Thursday, April 20, 2017 5:00 PM The number of uninsured veterans in the U.S. declined by nearly 40% from 2013 to 2015, but that number could drop even lower if more states opt to expand Medicaid, according to a new report. States may end coverage for kids as federal funds dry up Thursday, April 20, 2017 4:01 PM California and three other states will shut down their Children's Health Insurance Program in several months if Congress doesn't reauthorize federal funding, according to the Medicaid and CHIP Payment and Access Commission. Tanium exposed hospital's internal network in product demos Thursday, April 20, 2017 1:31 PM For three years, cybersecurity company Tanium may have put patient information from one of its hospital clients at risk by using the hospital's internal network for live product demonstrations. Health Republic posts losses of $500M in 2015 Thursday, April 20, 2017 11:22 AM Health Republic Insurance of New York lost $500 million from operations in 2015, the year it shut down after state and federal regulators said it was headed toward insolvency.

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