Saturday, 30 April 2016

Modern Healthcare Breaking News

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Modern Healthcare Breaking News

Latest Breaking News from Modern Healthcare

Oklahoma governor vetoes bill requiring vaccine information
11:00:00 AM
Oklahoma Gov. Mary Fallin has vetoed a bill that would have required doctors administering vaccines to provide certain information about the benefits and risks of vaccines.


First drug for delusions in Parkinson's patients approved
Friday, April 29, 2016 7:07 PM
Federal health officials have approved an experimental drug to treat psychotic delusions and behaviors that often afflict patients with Parkinson's disease, the debilitating movement disorder.


CHS completes Quorum spinoff
Friday, April 29, 2016 6:42 PM
Community Health Systems reported $1.2 billion in net proceeds from financing arrangements related to the spinoff of 38 of its hospitals into a separate, independent company called Quorum Health Corp. CHS completed the spinoff Friday, and Quorum...


Physician, scientist Soon-Shiong tops Bloomberg's 2015 Pay Index
Friday, April 29, 2016 5:36 PM
Biotech billionaire Dr. Patrick Soon-Shiong, 63, topped Bloomberg's Pay Index for 2015, beating out others by more than $170 million.


Presence Health rethinks its Lean initiative
Friday, April 29, 2016 3:06 PM
Just six months after taking over the head office at Presence Health system, CEO Michael Englehart is rethinking being "Lean." The Chicago-based system's 11 hospitals had been practicing a manufacturing industry management style known as Lean. The...


Petaluma Valley suspends talks with Prime, focuses on front-runner St. Joseph Health
Friday, April 29, 2016 3:03 PM
Petaluma Valley Hospital in California's Sonoma County this week suspended talks with Prime Healthcare Services as it attempts to solidify a deal with first-choice buyer St. Joseph Health.


LifePoint Health gets first-quarter earnings season off to a rocky start
Friday, April 29, 2016 2:11 PM
LifePoint Health got the important first-quarter earnings season off to a rocky start Friday, posting a decline in earnings per share and leading hospital stocks to a down day on Wall Street. The system's shares never recovered from an early...


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Friday, 29 April 2016

Modern Healthcare Breaking News

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Modern Healthcare Breaking News

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Gilead's Q1 profit tumbles on slower hepatitis C drug sales
8:45:00 AM
Gilead Science's earnings tumbled more than 17% in the first quarter as steeper discounts and rebates on its blockbuster hepatitis C drugs cut into sales.


How Medicare's payment overhaul tries to change how docs use tech
1:01:00 AM
Medicare's new system for paying physicians will kill off the so-called "meaningful use" regime for measuring EHR use. The CMS promises a more flexible approach that focuses on making relevant information accessible to clinicians and...


Should False Claims Act go easier on providers?
Thursday, April 28, 2016 6:51 PM
A hospital CEO and attorneys were divided during testimony before a congressional committee Thursday on whether healthcare providers should be given greater protections against frivolous fraud lawsuits.


Senators want to halt change to Medicare Part B drug pay
Thursday, April 28, 2016 5:55 PM
In separate letters Thursday, Democrats and Republicans from the Senate Finance Committee said the new model makes broad changes that could adversely affect quality of care.


Andrew Bindman named director at AHRQ
Thursday, April 28, 2016 5:03 PM
Dr. Andrew Bindman has been named director of the Agency for Healthcare Research and Quality, effective May 2. Sharon Arnold has served as acting director since March, when Richard Kronick stepped down. Kronick had led AHRQ, a division of HHS, since...


Medicaid to be offered to some former inmates
Thursday, April 28, 2016 2:04 PM
New federal rules will extend Medicaid coverage to nearly 100,000 former prison inmates in halfway houses.


SSM Health sheds coal company investments
Thursday, April 28, 2016 12:18 PM
SSM Health, a large Catholic hospital system, has fully divested its investments in companies that produce coal. It joins a growing coalition of healthcare organizations that view climate change as an immediate threat to public health.


Cardinal Health's drug sales boost overall revenue in Q3
Thursday, April 28, 2016 12:12 PM
Cardinal Health reported a bump in revenue in its third quarter, driven by gains in the company's pharmaceutical segment. The Dublin, Ohio-based drug and medical products distributor reported $386 million in earnings during the last quarter, up 6%...


AbbVie buying cancer drugmaker StemCentrx for $5.8 billion
Thursday, April 28, 2016 11:30 AM
AbbVie on Thursday reported a boost in first-quarter profit on higher sales of the drug Humira and said it will buy cancer drug developer StemCentrx for more than $5.8 billion.


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Thursday, 28 April 2016

Modern Healthcare Breaking News

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Sanofi makes $9.3 billion bid for Medivation
11:38:13 AM
Drugmaker Sanofi says it has made a $9.3 billion bid for San Francisco pharmaceutical firm Medivation, part of the firm's effort to expand its portfolio of cancer treatments.


AbbVie buying cancer drugmaker StemCentrx for $5.8 billion
11:30:41 AM
AbbVie Inc. on Thursday reported a boost in first-quarter profit on higher sales of the drug Humira and said it will buy cancer drug developer StemCentrx for more than $5.8 billion.


Abbott to spend $19.3B to buy St. Jude Medical
8:45:00 AM
Abbott Laboratories will spend $19.3 billion to buy St. Jude Medical in a cash-stock deal that aims to strengthen the medical devicemaker's share of the market for cardiovascular care.


Aetna loses membership in Q1 but builds revenue
7:00:59 AM
Aetna's total medical membership fell by almost a half million people since the start of the year, but the Hartford, Conn.-based health insurer was still able to build revenue.


Will Medicare's physician payment overhaul drive more docs to hospitals?
Wednesday, April 27, 2016 6:00 PM
The CMS began to answer the many questions about how physicians will get paid under the Medicare Access and CHIP Reauthorization Act. But some stakeholders were immediately dissatisfied with what they saw, and the 963-page rule may have raised as...


Calif. Medical Association joins ACLU lawsuit against Dignity over religious directives
Wednesday, April 27, 2016 5:45 PM
California's largest medical association is joining the fight against Dignity Health over its refusal to allow a woman to get her tubes tied during a C-section. The lawsuit is one of a number filed by the ACLU over Catholic hospitals' refusals to...


The striking variation of commercial healthcare prices
Wednesday, April 27, 2016 5:01 PM
One of the most comprehensive, independent studies of commercial healthcare prices shows that employers and insurers that provide private health coverage pay a lot more for services depending on the state where people live.


Weills donate $185 million to UCSF
Wednesday, April 27, 2016 4:26 PM
The university said it's the biggest gift in the school's history and it will fund the construction of a 270,000 square-foot, six-story neurosciences building at Mission Bay. The donation also will help support a scholars program that allows...


Pfizer finalizes $784 million settlement over Medicaid rebates
Wednesday, April 27, 2016 11:48 AM
Pfizer subsidiary Wyeth and the government have finalized a $784.6 million settlement over allegations that Wyeth hid drug discounts to avoid paying Medicaid millions of dollars in rebates.


Racial health gap narrows but disparities remain significant
Wednesday, April 27, 2016 11:38 AM
The latest annual report card on the nation's health shows there's been progress in narrowing the gap in health disparities between blacks and whites, while Hispanics continued to have better outcomes than both.


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Wednesday, 27 April 2016

Modern Healthcare Breaking News

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Valeant CEO will cite 'mistakes' in price-hiking strategy
1:01:00 AM
The outgoing CEO of embattled drugmaker Valeant Pharmaceuticals will tell lawmakers Wednesday that he was "too aggressive" and made mistakes in drastically hiking prices for several critical medicines, according to testimony provided to the...


Edwards sees strong transcatheter heart valve sales after positive research findings
Tuesday, April 26, 2016 5:49 PM
Edwards Lifesciences, an Irvine, Calif.-based manufacturer of cardiovascular devices and critical-care monitoring equipment, reported an increase in first-quarter earnings driven by strong sales of its transcatheter aortic valve replacement device.


University of Chicago Medicine's campus expansion plan hits snags
Tuesday, April 26, 2016 2:32 PM
The number of beds the Chicago academic medical center wants to add to the adult ER is too many, the construction tab for the nearly $270 million project too high, and the number of extra inpatient beds for overnight stays at the three-hospital...


Georgia governor OKs state funds for anti-abortion centers
Tuesday, April 26, 2016 2:23 PM
Georgia can give state money to "pregnancy resource centers" that offer medical and other services to pregnant women while discouraging them from getting abortions, under legislation signed Tuesday by Republican Gov. Nathan Deal.


Centene profiting from ACA plans, Medicaid expansion
Tuesday, April 26, 2016 12:14 PM
UnitedHealth Group may be abandoning most of the Affordable Care Act's insurance exchanges due to steep losses. But Centene Corp. is doing just fine.


Senate hearing into Valeant includes top hedge fund investor
Tuesday, April 26, 2016 12:13 PM
Senate lawmakers investigating price hikes by the embattled drugmaker Valeant Pharmaceuticals will also question one of the company's leading investors, hedge fund manager William Ackman. A Senate committee holds its third meeting on drug prices on...


Blog: Hospitals prosper on commercial payers as Medicare margins sink to -9%
Tuesday, April 26, 2016 12:12 PM
Margins on hospital Medicare business are expected to deteriorate this year, bottoming out at a negative 9% on average, according to a report by the commission that advises Congress on Medicare payments.


Brigham and Women's Health Care appoints Landman CIO
Tuesday, April 26, 2016 12:09 PM
Brigham and Women's Health Care in Boston has named Dr. Adam Landman chief information officer, effective May 2. He currently serves as the not-for-profit's chief medical information officer for health information innovation and integration.


Accretive announces leadership changes
Tuesday, April 26, 2016 12:06 PM
Joseph Flanagan was named president and COO of Accretive. Christopher Ricaurte was promoted to CFO and treasurer. He takes over for Peter Csapo, who will help with the executive transition. In February, Accretive closed a deal with its largest...


Bill Ryan, CEO of Ohio hospitals advocacy group, steps down
Tuesday, April 26, 2016 11:39 AM
The Center for Health Affairs announced Monday that its president and CEO Bill Ryan will retire at the end of the year.


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