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Industry News

Oct 24, 2015

Huron Consulting's shares plunged more than 25% on Friday after the company announced plans to cut annual revenue projections due to weakened demand and project delays in its health care and legal segments.

The Chicago-based firm lowered its guidance for the second time this year, down more than 7% from projections made in the first quarter to projected annual revenue of between $835 million and $850 million. It also cut projected adjusted earnings per share to a range of $3.60 to $3....

Oct 24, 2015
Walgreens Boots Alliance has placed a temporary hold on expanding Theranos blood-testing centers after an all-day meeting at the startup company's headquarters in Palo Alto, Calif., the Wall Street Journal reported late Friday.

In a series of recent articles, the Journal alleged that Theranos, whose founder and CEO Elizabeth Holmes developed a proprietary blood-testing technology that requires minimal blood draws, used standard blood draws and another company's equipment for most of its...

Oct 23, 2015

Stepping into the furor over eye-popping price spikes for old generic medicines, a maker of compounded drugs will begin selling $1 doses of Daraprim, whose price recently was jacked up to $750 per pill by Turing Pharmaceuticals.

San Diego-based Imprimis Pharmaceuticals, which mixes approved drug ingredients to fill individual patient prescriptions, said Thursday it will supply capsules containing Daraprim's active ingredients, pyrimethamine and leucovorin, for $99 for a 100-capsule...

Oct 23, 2015
Athenahealth, a cloud-based electronic health-records company, Thursday reported considerable growth in its third quarter ended Sept. 30, after adding a record number of providers to its network.

In the past three months, the Watertown, Mass.-based company added 4,784 providers to its network of 72,000 clients, according to a press release.

“We are headed into the home stretch of 2015, and feel good about this year's accomplishments and the investments made to drive forward progress...

Oct 23, 2015
The third quarter is already shaping up to be a difficult one for publicly traded hospital chains, and the full picture will begin to take shape this week as earnings season begins.

Two chains, HCA and Community Health Systems, have already previewed a year-over-year drop in profits. Both companies grappled with higher labor costs and a less favorable payer mix, sparking concerns that the financial benefits of the Affordable Care Act may be starting to wane.

Investors immediately...

Oct 23, 2015

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After a report from the government watchdog said few people were exploiting vulnerabilities in the enrollment process that could allow them to receive insurance subsidies while still enrolled in Medicaid, Democrats in the House called the GAO report...

Oct 23, 2015

In a move that reflects the healthcare industry's urgency to better coordinate care, hospitalist staffing firm and post-acute provider IPC Healthcare announced Thursday it has acquired Hospital Medicine Consultants.

The Illinois-based hospitalist group will complement IPC's presence in the northwestern suburbs of Chicago, IPC said in a press release. IPC's acquisition is expected to add over 20,000 annual encounters on a combined basis, according to a press release announcing the deal...

Oct 23, 2015
The Elder Care Alliance, an Alameda, Calif., not-for-profit operator of assisted-living, memory care and skilled-nursing facilities, has permanently appointed Adriene Iverson as president and CEO.

Iverson had served as interim president and CEO at the organization since April. She replaced Jesse Jantzen, who left to become president and CEO of senior-care business for St. Louis-based Ascension Health.

Prior to becoming interim CEO, Iverson was VP of strategy and business development,...

Oct 23, 2015

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City of Hope, the Duarte, Calif.-based research and treatment center for cancer, diabetes and other serious diseases, is launching a national advertising campaign this week to attract more patients from out of state.

Oct 23, 2015

News outlets report on health issues in California, Virginia, North Carolina, Florida, Pennsylvania, Vermont, Washington and Missouri.

Los Angeles Times: Blue Shield May Be Heading To Showdown With Regulators Over Executive Pay
In response to mounting criticism, Blue Shield of California's chief executive is vowing to improve the nonprofit insurer's poor ratings from patients and to disclose more about executive compensation. But CEO Paul Markovich warned that certain...

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