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News

Hospitals fight multimillion dollar state Medicaid cuts

Hospitals in Florida will see Medicaid payments slashed by $2 billion under a new state budget for 2012, joining recent hefty reimbursement cuts in New Hampshire, Arizona, and California. Designed to Read more...

WellPoint reimbursement increases now tied to hospital quality indicators

In keeping with the trend to move hospital reimbursement from volume-oriented to quality-oriented, Indianapolis-based WellPoint (NYSE: WLP) will halt annual payment increases to about 1,500 hospitals Read more...

Kindred Healthcare to buy ReHabCare for nearly $900M

Kindred Healthcare (NYSE: KND) will acquire rival RehabCare Group, Inc. (NYSE: RHB) for about $900 million, according to a joint announcement made Tuesday. The merger will create the largest Read more...

Health plans threaten to terminate contract with hospital group

If negotiations over a contract between Health Services Coalition, a group of 24 self-funded insurance plans, and St. Rose Dominican Hospitals break down, nearly 30 percent of Las Vegas workers could Read more...

More drugs don't yield healthier patients

Higher levels of drug spending does not always deliver better quality of care for Medicare patients, concludes a new study published in the Nov. 3 online edition of the New England Journal of Read more...

Unnecessary tests potentially cost Massachusetts millions

Unnecessary imaging tests and high reimbursement rates on those tests may have cost MassHealth--the Massachusetts Medicaid program--millions of dollars, an auditor for the state has found. In 2009 Read more...

Bundling payments is one solution to high healthcare costs

For various reasons, including trying to stay afloat financially despite lower reimbursement rates, doctors often times will increase the volume of visits and procedures for patients, leading to more Read more...

Lower reimbursement rates could lead to ER closures

Lower reimbursement rates for doctors who treat uninsured patients in Los Angeles County could ultimately mean the closure of several emergency rooms. The Los Angeles Times reports that prior to a Read more...

Rule change cuts reimbursement rates at NY hospital system in half

In a move it says is designed to lower costs and improve quality, UnitedHealthcare plans to cut hospital reimbursement rates for patients at any of five Continuum hospitals in New York by 50 percent Read more...

Study: Cardiologists seeing more patients for less pay

Cardiologists are on something of a treadmill; they're seeing steadily more patients and and performing more tests, but their reimbursement rates are falling for both Medicare beneficiaries and Read more...

Press Releases

Stanford Hospital & Clinics and Lucile Packard Children’s Hospital Complete New Health Plan Agreement with Anthem Blue Cro

PALO ALTO, Calif.--(BUSINESS WIRE)-- Stanford Hospital & Clinics and Lucile Packard Children’s Hospital today announced the completion of a new health insurance provider agreement with Anthem Read more >>

MedMal Direct Insurance Company’s Financial Stability Rating® of A, Exceptional Reaffirmed by Demotech, Inc.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Jacksonville-based MedMal Direct Insurance Company’s Financial Stability Rating® (FSR) of A, Exceptional, has been reaffirmed by Demotech, Inc. This level of FSR Read more >>

Lucile Packard Children’s Hospital Completes New Health Plan Agreement With Blue Shield of California

PALO ALTO, Calif.--(BUSINESS WIRE)-- Lucile Packard Children’s Hospital today announced the successful completion of a new health insurance provider agreement with Blue Shield of California, Read more >>

CPPR spokesman speaks to Florida seniors on dangers of IPAB

Dr. Donald Palmisano appears at senior centers in Orlando and Tampa to discuss Independent Payment Advisory Board WASHINGTON--(BUSINESS WIRE)-- Coalition to Protect Patients’ Rights (CPPR) Spokesman Read more >>

Cloud-Based Medical Software Company Kareo Attracts $10 Million Investment Led by Greenspring Associates

New capital supports Kareo's explosive growth and will be used to expand sales and marketing, enhance product offering, and support partnershipsIRVINE, Calif., Oct. 6, 2011 /PRNewswire/ -- Kareo, Read more >>