Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Struggling Presence Health makes a move to survive 11:42:26 AM Presence Health, the largest Catholic health system in Illinois, is selling two downstate hospitals to OSF HealthCare. The move comes as the 12-hospital system works to turn around its finances by shedding workers and naming new leadership. Envision sells its ambulance business to KKR for $2.4 billion Tuesday, August 08, 2017 11:42 PM Under the deal, Envision's American Medical Response will be combined with KKR's Air Medical Group Holdings to create a medical transportation behemoth serving more than 5 million patients annually across 46 states and the District of Columbia. Trump administration stops short of committing emergency funding toward combating the opioid crisis Tuesday, August 08, 2017 11:27 PM Public health officials were hopeful that the president would declare the opioid epidemic a national emergency, opening the door to millions in federal funding. Appeals court nixes California's Medicaid pay cuts to hospitals Tuesday, August 08, 2017 6:01 PM California hospitals could claw back hundreds of millions of dollars in Medicaid payments after a federal appeals court ruled HHS didn't have appropriate evidence to approve the state's outpatient care pay cuts. Bipartisan fever: Conservative and liberal experts offer Congress a plan to reform ACA Tuesday, August 08, 2017 5:30 PM The group urged Congress to take bipartisan action by the end of September to stabilize the individual insurance market until a longer-term resolution can be achieved, and to protect healthcare access and coverage. Hospitals balk at Iowa's proposed $37 million Medicaid cut Tuesday, August 08, 2017 5:17 PM Iowa's plan to cut nearly $37 million annually in Medicaid spending and slow down enrollment puts the financial stability of the state's hospitals at risk, according to the state's hospital assocation. Tenet plans to sell more hospitals after Houston divestitures Tuesday, August 08, 2017 5:00 PM Tenet Healthcare, the nation's third-largest investor-owned hospital chain, wants to offload facilities that don't fit its long-term strategy so it can focus on its primary markets where it is first or second in market share. Competitive bidding nets $26 billion in savings on medical equipment Tuesday, August 08, 2017 4:15 PM The controversial competitive bidding program saved the CMS $26 billion over 10 years. Yet, similar savings could be obtained through a market-based approach, a new study found. Large employers increasingly leaning on value-based contracts Tuesday, August 08, 2017 3:00 PM Large employers are seeing a 5% increase in healthcare costs from last year. Similar increases have occured over the past five years. Blue Cross NC taps CMS' chief medical officer Conway as new president Tuesday, August 08, 2017 2:31 PM Dr. Patrick Conway, who has served with the CMS' in various roles since 2011, will take over from the health plan's president and CEO Brad Wilson, who is retiring.

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