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Industry News

Oct 29, 2015
National healthcare spending growth ballooned to more than three times the rate of the rest of the economy in the third quarter, as healthcare employers continue to hire at a breakneck pace, the federal government reported Thursday.

Healthcare spending jumped 4.7% compared to the third quarter a year ago, while the overall economy grew at a 1.5% pace compared to the same quarter last year, according to the advance estimate of third-quarter gross domestic product released by the U.S. Commerce...

Oct 29, 2015
José Almeida has been appointed chairman and CEO of Baxter International, the Deerfield, Ill.-based medical product company.

Almeida, 53, has immediately joined the company as an executive officer to ensure a smooth transition from Robert Parkinson Jr., who is retiring after serving as the company's CEO for over a decade. Almeida's appointment as chairman and CEO will take effect at the beginning of 2016.

Prior to joining Baxter, Almeida had been chairman, president and CEO of...

Oct 29, 2015

CHICAGO -- Merging two companies can be incredibly arduous from a financial, operational and legal perspective. But the process is also a challenge for PR professionals, who must quickly determine how to publicly communicate the merger and successfully integrate the companies' brands.

Amid significant industry consolidation in the past year, the messiness of several M&A deals has played out in the public eye, including Prime Healthcare Services' unsuccessful attempt to acquire Los...

Oct 29, 2015
The federal government has jumped into three lawsuits alleging that skilled-nursing chain SavaSeniorCare billed Medicare for medically unnecessary rehabilitation therapy services.

SavaSeniorCare is headquartered in Atlanta and operates 200 skilled-nursing facilities in 23 states, according to court documents.

"We believe that the care and services we provided to our patients during this period was reasonable and necessary and we intend to aggressively defend our position," Sava said...

Oct 29, 2015

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Oct 29, 2015
Pharmacy benefit manager Express Scripts Holding Co. says more clients are sticking with the company as it rolls out new strategies for keeping prescription drug costs under control.

The result was a higher net income in the third quarter despite decreasing revenue amid projections that the improved picture will continue for the rest of the year.

“It is clear that our unique collection of cost-saving solutions and our business model of client alignment position us well for continued...

Oct 29, 2015

Two senators pushing a mental-health reform bill said after a Senate committee hearing on the bill Thursday that they believe their legislation and its House companion bill can draw bipartisan support and pass this session.

But nearly 20 House Democrats have sent a letter (PDF)to the leadership of the House Energy & Commerce Committee that criticizes the House bill for its proposed changes to patient privacy laws and its incentives for states to implement assisted outpatient-...

Oct 29, 2015

A selection of opinions on health care from around the country.

Los Angeles Times: John Boehner's Last Deal Leaves Congress Better Off
In a parting gift to the conservatives who hectored him out of office, House Speaker John A. Boehner (R-Ohio) negotiated a budget agreement with Senate leaders and the Obama administration that increases federal spending and raises the debt ceiling in exchange for — well, not much that Republicans covet. There are no big changes in...

Oct 29, 2015

In the meantime, HealthSouth's third-quarter report was not as positive as the company missed earnings forecasts and cut its overall 2015 outlook. And in other marketplace news, UnitedHealthcare expands a high-profile test of whether bundled chemotherapy payments can help slow rising cancer treatment costs.

The Associated Press: Anthem Reports Increase In Profit As Customer Base Grows
Anthem increased third-quarter profit by 4 percent and beat Wall Street forecasts as the...

Oct 29, 2015

As Utah’s Arches Health Plan announces plans to close, it becomes the tenth of 23 nonprofit insurance cooperatives created under the 2010 health law to shut down. Marketplace reports on how the remaining "financially fragile" co-ops might survive.

The Associated Press: Struggling Nonprofit Insurer To Close Over Lack Of US Money
A nonprofit Utah health insurer created by the federal health care law will shut its doors after learning it would receive only a fraction of the U.S...