Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Aetna second-quarter revenue dips slightly after membership losses 10:51:25 AM National insurer Aetna's revenue was down in the second quarter of 2017 because of membership losses and lower premiums from its ACA business, but profit jumped thanks to lower costs related to its failed proposed merger with Humana. Molina records $230 million loss in second quarter Wednesday, August 02, 2017 8:22 PM The Long Beach, Calif.-based health insurer, which fired its CEO and CFO in May, announced a plan to restructure the company after an ugly quarter driven by high medical costs and ACA marketplace losses. Christus turns to national operator to run home health businesses Wednesday, August 02, 2017 5:36 PM Catholic-sponsored Christus Health has agreed to contribute 21 home health, hospice and long-term hospitals to a joint venture with LHC Group, joining other hospitals in offloading those businesses. BCBS of North Carolina asks for lower ACA rate increase Wednesday, August 02, 2017 5:28 PM The insurer chose to lower its initital individual rate increase request, saying the insurance market is less "volatile" now and marketplace members are using fewer healthcare services. Federal duals demo begins to show signs of saving money Wednesday, August 02, 2017 3:00 PM A federal experiment aimed at improving care for people dually eligible for Medicare and Medicaid is showing signs of saving money after struggling since its launch due to provider pushback and high opt-out rates. Humana doubles second-quarter profit on higher Medicare Advantage revenue Wednesday, August 02, 2017 3:00 PM Improved earnings in its Medicare Advantage business and individual commercial plans helped boost Humana's bottom line despite lower revenue in the second quarter. CHS to sell additional hospitals worth $1.5 billion in revenue Wednesday, August 02, 2017 2:00 PM Buyer interest in more Community Health Systems hospitals has the chain unloading another $1.5 billion in annualized hospital revenue to reduce debt and focus resources in core markets. Cardinal Health profit declines as generic drug prices deflate Wednesday, August 02, 2017 1:47 PM The Dublin, Ohio-based pharmaceutical and medical products distributor saw its pharmaceutical segment profit drop 7% to $505 million as companies along the pharmaceutical supply chain have taken a financial hit resulting from the increasing scrutiny... Surgeon general, other HHS nominees get committee approval Wednesday, August 02, 2017 1:00 PM HHS is still waiting for Senate approval for 11 nominees; five passed out of committee Wednesday. Medical board certification fees are excessive, according to JAMA research letter Wednesday, August 02, 2017 12:00 PM A new research letter in JAMA finds that medical boards have nearly tripled their net assets over the past decade, bolstered by fees charged to physicians to get and maintain their board certification status.

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