earnings news from FierceHealthcare
News
BCBS companies take aggregate 41 percent loss for 2008
MA Blues look inward to save money
WellPoint loses money for Q2, but still pleases investors
Cigna first-quarter profits drop 80 percent
Universal Health has profitable first quarter
LifePoint hospitals sees 30% profit drop for '07
Dialysis provider faces anemia drug pressures
SPOTLIGHT: A financial diagnosis for the healthcare sector
Managed care companies should enjoy a whopping 15 to 20 percent growth in earnings next year, but hospitals aren't so fortunate, says John Boettiger, healthcare valuation leader at Deloitte & Touche USA. In an interview, Boettiger offers some predictions as to how providers will cope with continuing budget squeezes--and suggestions as to what they can do about it. Article
Medicare releases physician P4P measures
CMS has released the 74 performance measures it plans to begin using in its Medicare pay-for-performance program this July. Under the Physician Quality Reporting Initiative, physicians who choose to report on quality measures can get bonuses of up to 1.5 percent of their earnings. The bonuses will apply to services provided between July 1st and December 31st of this year. The measures are drawn from discussions with varied physician trade groups and professional organizations such as the …
... Read more...HealthSouth may sell units, pay off debt
HealthSouth, which is still in the process of recovering form a 2.7 billion accounting scandal, announced that it many sell its surgery centers and outpatient rehabilitation unit. The company would to center its efforts on its more lucrative inpatient rehab hospitals, which account for over half of company's revenue and 86 percent of operating earnings. HealthSouth hopes that the sale of the unit will help the company pay off $1 billion of debt in five years. In 2003 the company was the …
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