Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Allergan, Pfizer call off proposed $160B merger 8:45:00 AM The biggest U.S.-based drugmaker, Pfizer, will stay put thanks to aggressive new Treasury Department rules that succeeded in blocking Pfizer from acquiring rival Allergan and moving to Ireland -- at least on paper -- to reduce its tax bill. Northwestern and Centegra: The Chicago area's next big hospital merger? Tuesday, April 05, 2016 7:30 PM Northwestern Memorial HealthCare is on a deal-making binge. The Chicago health system is in talks to affiliate with Centegra Health System in northwest suburban Crystal Lake, Ill. FDA approves biosimilar of J&J's money maker Remicade Tuesday, April 05, 2016 6:14 PM The approval of Inflectra Tuesday is only the second time that the FDA has approved a quasi-generic version of a biotech drug for the U.S. market. Remicade, a medicine for inflammatory diseases, had $6.56 billion in sales last year. Fairview to acquire struggling health insurer UCare Tuesday, April 05, 2016 5:45 PM Fairview Health Services in Minneapolis is jumping into the health insurance business with both feet with plans to acquire UCare. The deal announced Tuesday would shake up Minnesota's healthcare business and political landscapes. New inversion rules will kill Pfizer-Allergan deal Tuesday, April 05, 2016 5:32 PM Drugmakers Pfizer and Allergan are scrambling to determine whether to proceed with their plan to merge and move Pfizer's address -- but not its operations or headquarters -- to lower-tax Ireland. Obama champions new tax inversion rules, calls on Congress to act Tuesday, April 05, 2016 2:00 PM President Barack Obama commended the U.S. Treasury Department for putting rules in place aimed at limiting tax inversions, but ultimately called on Congress to definitively close the loopholes. Big changes to ACO cost targets draw praise from providers Tuesday, April 05, 2016 1:25 PM Major healthcare systems are generally praising the CMS' attempts to make Medicare's biggest accountable-care program more attractive as the agency strives to grow the number of participants while also persuading more of them to assume greater... Hospitals get rewards for saving money. Why not patients? Tuesday, April 05, 2016 12:42 PM The term "shared savings" usually brings to mind the CMS' accountable care programs and the shared rewards for hospitals that save money over the benchmark costs of care, but a select number of technology companies are taking the concept... Innovation a factor in insulin drug prices tripling over past decade Tuesday, April 05, 2016 12:34 PM The price of insulin, a drug that's been around for nearly a century, has been steadily rising, surpassing the cost of similar treatments and becoming an increasingly unaffordable necessity for the roughly 6 million Americans with diabetes. And in...

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare Federal report says global warming making U.S. sick Monday, April 04, 2016 5:55 PM Man-made global warming is making America sicker, and it's only going to get worse, according to a new federal government report. Final Medicare Advantage rates largely shun health plan lobbying Monday, April 04, 2016 5:30 PM The federal government has lowered average payments for 2017 Medicare Advantage plans, and it also modified several of the program's policies after weeks of unremitting lobbying from the health insurance industry. Antibiotic use in livestock still widespread in spite of 'superbug' fight Monday, April 04, 2016 4:50 PM The federal government, drugmakers and meat producers still don't have a clear handle on how to measure the appropriate use of antibiotics for feed animals in the fight against drug-resistant "superbugs," according to a report from a... Kindred sells 12 long-term acute-care hospitals for $27.5 million Monday, April 04, 2016 2:31 PM Kindred Healthcare is selling a dozen long-term acute-care hospitals to Curahealth for $27.5 million. Curahealth is an affiliate of private investment fund Nautic Partners. Gilead paying up to $1.2B for Nimbus unit, drug, technology Monday, April 04, 2016 2:09 PM Biologic drugmaker Gilead Sciences is buying a subsidiary of Nimbus Therapeutics and its experimental medicine for an increasingly prevalent metabolic disorder that causes dangerous fat buildup in the liver. Future of Arkansas' Medicaid expansion unclear as lawmakers start special session Monday, April 04, 2016 11:58 AM Arkansas political observers aren't betting the farm on whether the Republican-controlled Legislature will approve Gov. Asa Hutchinson's plan for renewing and modifying the state's widely acclaimed Medicaid expansion to low-income adults. Uphill FTC fight starts this week for big Chicago-area health systems Monday, April 04, 2016 11:52 AM Two Chicago-area health systems may have a tough time persuading a federal judge this week to allow their merger to move forward in one of the biggest healthcare deals to be challenged by the Federal Trade Commission in years. Blog: Yelp provides untapped insight into patient experience Monday, April 04, 2016 11:49 AM Excessively pricey bills, long waits for staff, rude doctors and difficulties setting up appointments drove people to rant about their hospitals on Yelp. But these factors are not included on surveys sent to patients discharged from U.S. hospitals. U.S., Canada issue ransomware warning for hospitals after three hit in a week Monday, April 04, 2016 11:36 AM Cybersecurity agencies in the U.S. and Canada have issued an alert about the growing number of ransomware attacks affecting healthcare organizations. In the past month, five have reported being hit by computer viruses.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare New York's Epic EHR "go-live" pleases officials, staff 11:33:05 AM Two of the 11 hospitals at the New York City Health & Hospitals system are running their new electronic health records systems after a pair of "go lives" Friday night and Saturday morning, an organization spokesman said. Right-to-die group comes up with new, cheaper medication 1:01:00 AM Right-to-die advocates in Washington state have created a cheaper alternative mixture of medications to help terminally ill patients legally end their lives after a drug company abruptly hiked the price of a drug commonly used for the purpose.

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Modern Healthcare Breaking News

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Modern Healthcare Breaking News Latest Breaking News from Modern Healthcare CHS readies launch of Quorum spinoff Friday, April 01, 2016 7:31 PM Community Health Systems Friday announced the spinoff date for its new company, Quorum Health Corp. CHS, the nation's second-largest hospital chain after HCA, said its shareholders will get one share of Quorum on April 29 for every four shares of... FDA reports a small risk of implant malfunction from medical scans Friday, April 01, 2016 5:11 PM Patients with pacemakers, drug pumps and other medical devices face a very small risk of electrical malfunction when undergoing medical scanning, but it shouldn't stop them from getting necessary care, according to health regulators. Giant medical supplier Medline acquires Canadian company Friday, April 01, 2016 5:02 PM Giant medical supplier Medline is buying a Canadian company in a deal that will help one of the Chicago area's biggest companies bulk up even more. Retooled Bayer expands U.S. business Friday, April 01, 2016 2:07 PM The German conglomerate that invented aspirin over a century ago wants to take over much more of the American medicine cabinet. Bayer is boosting its presence and brand in the U.S., the world's biggest medicine market. MedStar still crippled by computer virus Friday, April 01, 2016 1:17 PM MedStar Health is still trying to return to normal five days after its health information technology systems were hit by a computer virus. The latest report from the 10-hospital system insists no patient or "associate" data were... Hospices inappropriately billed Medicare for $268 million Friday, April 01, 2016 1:10 PM Hospices inappropriately billed Medicare $268 million for inpatient care that is only supposed to be given to patients with uncontrolled pain or symptoms that can't be managed at home, according to a report by HHS' Office of Inspector General. WellStar enters Atlanta with $575 million purchase of five Tenet hospitals Friday, April 01, 2016 1:05 PM WellStar Health System of Marietta, Ga., on Friday more than doubled the size of its hospital footprint with the completion of its purchase of five Atlanta-area hospitals from Tenet Healthcare Corp. and a merger with a not-for-profit hospital west... Healthcare on pace for another huge year of job gains Friday, April 01, 2016 12:47 PM Hospitals, doctors' offices and other healthcare settings added 36,800 jobs in March, representing roughly 1 out of 6 jobs that were created last month in the entire U.S. economy. Rheumatoid arthritis drug prices on the rise Friday, April 01, 2016 11:48 AM Rheumatoid arthritis drug prices have skyrocketed over the past three years, despite little to no change in composition, experts and insurers say.

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