A federal advisory panel said Friday that Congress should move immediately to cut payments to hospitals for many services that can be provided at much lower cost in doctors’ offices. The Medicare Payment Advisory Commission said the current payment disparities had...
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Highmark acquisition of Erie hospital receives OK
Highmark Inc. expects to close an acquisition of St. Vincent Health System in Erie on July 1, since the Erie County Orphan's Court approved the deal on Friday. The Erie County Orphan’s Court on Friday approved the affiliation of Saint Vincent Health System with...
Sound Shore Health System Acquires Montefiore
Sound Shore Health System ("SSHS") announced today it has entered into an Asset Purchase Agreement with Montefiore Health System ("Montefiore") for Montefiore to acquire its assets (and assume certain liabilities). The transaction, which is expected to close by the...
VGM calls on providers to testify at small business hearing
The Small Business Administration (SBA) plans to conduct a field hearing in which providers can voice their concerns about the negative impact of competitive bidding and Medicare audits on small businesses, according to a bulletin from the VGM Group. To testify at...
GCMI Signs Partnership Agreement With West Tennessee Healthcare
The Global Center for Medical Innovation (GCMI), a comprehensive medical device innovation center featuring design, engineering and prototyping services, has signed a partnership agreement with West Tennessee Healthcare, one of the largest not-for-profit healthcare...
Insurers Limit Doctors and Hospitals in State-Run Exchange Plans
California's health insurance rates for a new state-run marketplace came in lower than expected this week, but one downside for many consumers will be far fewer doctors and hospitals to choose from. People who want UCLA Medical Center and its doctors in their health...
Hospital CEO Pledges To Make Health Care Prices Public
The chief executive of a Miami, Florida hospital has pledged to begin addressing one of the most dysfunctional aspects of the American health care system, according to MedCity News. He’s striving for greater price transparency giving patients and doctors the ability...
WellCare Medicare Advantage Members Now Covered At Walgreens Take Care Clinics
WellCare Health Plans, Inc. recently entered into an agreement with Take Care Health Systems, a subsidiary of Walgreens, to offer its Medicare Advantage members access to the more than 370 Take Care Clinics located at select Walgreens stores in 19 states and...
Allcare Medical and Landauer Metropolitan Announce Merger
Two of the Northeast's leading durable medical equipment providers, Allcare Medical and Landauer Metropolitan, announced today they have reached an agreement to merge their operations. The merger, expected to be completed by the end of May, will result in one of the...
Roche Mulls Sale of Blood-Glucose Monitor Business
Roche Diagnostics Corp. is mulling a sale of its blood-glucose meter business, according to a Reuters report, a move that would cast uncertainty over the nearly 1,000 people working for its diabetes business in Indianapolis. Reuters reported the potential sale on...
Hospice Being Marketed as a Cost-Cutter for Hospitals
Hospice marketers, exploring possibilities for new revenue to help continue the industry's remarkable growth, are looking to exploit a provision in the 2010 health care law by persuading hospitals to send Medicare patients into end-of-life hospice care instead of...
Contract Between Aetna and Carolinas HealthCare System Puts More Focus on Quality of Care
Aetna health insurance company and Carolinas HealthCare System, the largest hospital group in the Carolinas, recently signed a contract intended to control health care costs by better coordinating patient care. It’s part of a slowly unfolding national movement away...