Category archives for: Industry News

$400 billion price tag for California single-payer bill

A California bill that would eliminate health insurance companies and provide government-funded health coverage for everyone in the state would cost $400 billion and require significant tax increases, legislative analysts said Monday.

CHS rejects $2.4 billion buyout of its Fort Wayne hospitals

Community Health Systems has rejected a $2.4 billion buyout offer for its eight Fort Wayne, Ind., hospitals, saying Monday the proposal by physicians and private-equity players came in at least $1 billion lower than what it was worth.

MetroHealth making smaller hospitals a focus

MetroHealth’s 12- and 16-bed hospitals coming online next year will join the ranks of a series of other so-called “micro-hospitals” popping up around the country.

Foreign​ ventures​ help​ academic​ systems​ boost​ brand,​ revenue

Big academic medical centers have found partnerships overseas allow them to enhance their brand awareness and provide an added source of revenue.

DOJ's Medicare Advantage lawsuits, investigations likely to change insurance culture

The Department of Justice’s increased focus on investigating alleged fraud in the Medicare Advantage program is likely to change the way insurers do business, according to lawyers who specialize in False Claims Act suits.

House lawmakers push back at MedPAC's proposed Medicare reforms

House lawmakers pushed back Thursday on the Medicare Payment Advisory Commission’s calls to cut Medicare reimbursements to some kinds of providers, saying organizations in their districts tell them they could not survive with the proposed cuts.

States seek to intervene in House Republicans' cost-sharing payments lawsuit

As insurers sweat over whether the Trump administration will continue funding cost-sharing subsidies for low-income enrollees, 16 state attorneys general have asked a federal appeals court to let them intervene in a legal case to keep those payments…

Industry admits lack of transparency spikes drug prices

Increasing competition, reforming outdated laws, improving data infrastructure and letting market forces work are key to lowering drug costs, according to a new paper.

Fast cash handy for those hospital fixer-upper projects

Hospitals getting to long-overdue tower replacement projects and other capital needs are finding attractive interest rates on borrowings in the bond markets. Even systems with dinged finances or poor patient mixes are completing $1 billion bond…

FDA Expands Approved Use of Kalydeco to Treat Additional Mutations of Cystic Fibrosis

May 17, 2017 — The U.S. Food and Drug Administration today expanded the approved use of Kalydeco (ivacaftor) for treating cystic fibrosis. The approval triples the number of rare gene mutations that the drug can now treat, expanding the indication…

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