revenues news from FierceHealthcare

New data from the Medical Group Management Association suggests that some key specialties--particularly cardiology--are continuing to face financial pressures. One new study of... Read more...

While Avastin has won a large patient base for use in treating colon and lung cancer, it's looking like maker Genentech won't be able to extend that success to breast cancer. A new report from the... Read more...

HCA turned in a nice performance for the third quarter, posting its first quarterly growth in income since going private last year, but like its peers, it's still struggling with unpaid patient... Read more...

This week, as part of my coverage of the Medical Group Management Association's annual meeting, I wrote about how hard it's getting to Read more...

Fairly or not, Sen. Chuck Grassley (R-Iowa) seems to be exasperated with nonprofit hospitals--and that could mean trouble. Yesterday, during a roundtable discussion on nonprofits and charity care,... Read more...

VA dealt a body blow to type 2 diabetes drug Avandia this week, deciding that while it would continue to make the drug available to existing users, officials would no longer allow it to be prescribed... Read more...

A federal grand jury in San Diego has indicted 18 people on charges arising from a large-scale Internet pharmacy operation. The grand jury charged these individuals with racketeering, fraud and money... Read more...

Hospital chain HCA's profits fell dramatically during the second full quarter since private investors acquired it. While the chain's revenues for the quarter were up 5.8 percent, to $6.7 billion, its... Read more...

Once again, Tony Chen of industry blog Hospital Impact has nailed an important concept--that hospitals can and should learn much from successful retailers. Chen describes how computer vendor Apple became the country's highest earning retailer, generating a staggering $4,000 per square foot in revenues, and teases out some key lessons hospitals can learn from its success. Blog

It's a good time for the Henry Ford Health System, which is coming back strong after suffering major losses a few years ago. The nonprofit system has done well again this year, reporting a 2006 net income of $134.9 million on revenues of $3.25 billion. Revenues are up 6.6 percent from 2005, and net income a whopping 20 percent. Revenue sources included $1.5 billion from the system's Health Alliance Plan and $1 billion from its 920-bed Detroit hospital, physician practices and behavioral …

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