In a systemwide change, Brian Dean, MPH, MBA, will become the new CFO for Memorial Hermann.
May 24, 2018 | Policy
Calling 2017’s failed efforts to repeal the Affordable Care Act “one of the greatest disappointments to conservative and libertarian activists in history,” conservative groups pushed for another attempt at getting rid of the law with a series of principles they want to see enacted in place of the ACA.
May 24, 2018 | Healthcare Economics
The deal will still need to be approved by federal and state regulators, but after delays in contract talks and an unsolicited bid from Brown University, the agreement advances Partners HealthCare’s aim of expanding beyond Massachusetts and matching the increased scale of other Boston-based health systems.
May 24, 2018 | Healthcare Economics
The Congressional Budget Office has scaled back its projections of coverage losses from the Affordable Care Act’s individual mandate being repealed, estimating 8.5 million people will be uninsured in 2027 due to the penalty being eliminated by Republicans’ tax legislation beginning next year.
May 24, 2018 | Policy
According to the State Journal-Register, the court case rests on whether the 2012 statute makes a clear requirement that the hospitals’ charitable services at least equal the value of what they would otherwise pay in taxes. The plaintiff, Constance Oswald, has argued the law replaces the standard charitable requirement and therefore violates the Illinois Constitution and previous court rulings.
May 23, 2018 | Healthcare Economics
After months of sitting out of the flurry of mergers and acquisitions between insurers and providers, Anthem has made its first move by announcing it will acquire Aspire, the largest non-hospice, community-based palliative care provider in the U.S.
May 23, 2018 | Healthcare Economics
The $20 billion in tax-exempt bonds not-for-profit hospitals sell on average every year can lead to $300 million going to banks and law firms handling debt deals—with those costs potentially encouraging hospitals to raise prices even as they’re exempt from paying taxes to their communities.
May 23, 2018 | Healthcare Economics
It marks the not-for-profit WEA Trust’s first entry into the private employer insurance market, having offered group coverage for Wisconsin state employees since its founding in 1970.
May 23, 2018 | Policy
The House approved legislation to allow terminally ill the “right to try” experimental drugs not yet approved by the FDA on a largely partisan vote, sending the bill to a supportive President Donald Trump.
May 22, 2018 | Care Delivery
Approximately 29.3 million Americans were uninsured in 2017—a slight but insignificant increase from the year before, according to the Centers for Disease Control and Prevention (CDC), but the uninsured rate did rise among states which rejected the expansion of Medicaid under the Affordable Care Act (ACA).
May 22, 2018 | Care Delivery
Of the 247 emergency room (ER) physicians who responded to the ACEP poll, only 6 percent said their department is “completely” prepared for surge capacity in the wake of a disaster or mass casualty incident.
May 22, 2018 | Care Delivery
A poll conducted by the Medical Group Management Association (MGMA) found most medical practice professionals aren’t aware of the direct primary care (DPC) model where patients pay a flat fee in exchange for easier access to their primary care doctor.
May 22, 2018 | Leadership
“Where we are headed right now is probably not sustainable. We will not get to a single-payer system in the current administration, maybe [not] even in the next. Things will have to get worse before they get better," said Doug Koekkoek, MD.
May 21, 2018 | Leadership
Thomas Miller has led Quorum Health since it was spun off from Community Health Systems in 2016. Like other for-profit hospital operators, it has run into financial issues in recent years—it closed or divested of 10 hospitals since the spinoff and has targeted up to $215 million in additional sales of assets after reporting a net loss of $98.5 million in the first quarter of 2018.
May 21, 2018 | Leadership
Kent’s move to the 504-bed Intermountain Medical Center in Murray, Utah, comes after more than 25 years of experience within the health system.
May 21, 2018 | Healthcare Economics
Reuters reports HCA’s proposal would essentially reverse Envision’s 2016 merger with AmSurg. The rest of the $5.1 billion Envision would be taken over by KKR.
May 21, 2018 | Health IT
The implementation of a Cerner electronic health record (EHR) system at the Department of Defense (DOD) has been suspended over problems with the platform’s usability and interoperability. Cerner president Zane Burke said those reports amounted to “fake news” potentially being spread by one of the health IT giant’s competitors.
May 21, 2018 | Leadership
After President Donald Trump’s last nominee for VA Secretary withdrew from consideration over numerous allegations about his personal conduct and prescribing habits, Trump has picked Acting VA Secretary Robert Wilkie to take over the role in a full-time capacity.
May 21, 2018 | Healthcare Economics
UnitedHealth said it costs an average of $9,400 annually to cover a low-income, subsidized enrollee on the marketplace with $7,000 of that cost falling on the federal government. For someone eligible for Medicaid thanks to the Affordable Care Act (ACA), the overall cost is $5,400—with $5,100 coming from federal funds.
May 18, 2018 | Policy
Direct federal funding for abortions has been prohibited by Congress for decades, but conservative lawmakers have sought to deny all federal funding to groups like Planned Parenthood for having any involvement in abortion services.
May 18, 2018 | Leadership
Matt Eyles will take over on June 1 as the new CEO of the health insurance industry’s largest lobbying group, America’s Health Insurance Plans (AHIP). Ahead of assuming the top post, he spoke with Vox about several major legislative trends which could impact insurers.
May 18, 2018 | Health IT
TransUnion Healthcare has announced the acquisition of reimbursement technology company Healthcare Payment Solutions (HPS). Adding HPS solutions to its portfolio will boost TransUnion’s position in the post-discharge revenue recovery technology market, the company said.
May 18, 2018 | Health IT
Nearly a year after the deal was first announced, the Department of Veterans Affairs (VA) and health IT giant Cerner have finalized a $10 billion contract for Cerner to replace the VA’s in-house electronic health record (EHR) system.
May 18, 2018 | Policy
The American Hospital Association (AHA) is lending its support to a bill to change the merger review process at the Federal Trade Commission (FTC), eliminating the agency’s ability to challenge proposed combinations without going to court.
May 17, 2018 | Healthcare Economics
Three sponsors of Medicare Part D plans—UnitedHealth Group, Humana and CVS Health—account for more than half the program’s total enrollment. If proposed mergers involving smaller players like Aetna, Express Scripts and Cigna move ahead, the market would become even more concentrated.