Medicare FFS rate to rise 3.1% in 2017; N.J. governor rejects hospitals' appeal to stop Horizon's tiered network;

News From Around the Web

> The Medicare fee-for-service payment rate will rise 3.1 percent in 2017, according to an early preview of the rates from the Centers for Medicare & Medicaid Services' Office of the Actuary. Document

> New Jersey Gov. Chris Christie's administration has denied a group of hospitals' attempt to stop Horizon Blue Cross Blue Shield of New Jersey's controversial tiered network known as Omnia, the Asbury Park Press reports. Article

> Amid increasing concerns across the healthcare industry about the high cost of prescription drugs, a Harvard Business Review article argues that employers wield the greatest power to tackle the issue. Article

Healthcare News

> Efforts to reduce hospital-acquired conditions have led to 87,000 fewer patient deaths and nearly $20 billion in healthcare cost savings over a four-year period, according to a new report released by the Department of Health and Human Services. But the findings may not be as significant as they seem. Article

AntiFraud News

> Nearly 70 percent of healthcare, pharmaceutical, and biotechnology executives around the world said their company was affected by fraud during the past year, according to a report from Kroll. However, only 36 percent reported they would be investing in management controls in the coming year. Article

And finally… May the holiday spirit be with you. Article