Comprehensive Pain Specialists—a Tennessee-based company with clinics in 12 states—will close many, if not all, its facilities. The unannounced move comes after its CEO, John Davis, was indicted for Medicare fraud in April, accused of receiving $770,000 in bribes from another healthcare executive.
Registered nurses employed at First Hospital in Kingston, Pennsylvania, reached a contract agreement with the hospital’s parent company, Tennessee-based Community Health Systems (CHS), that includes wage increases, health insurance and new protocols for floating nurses between units in the hospital.
Pfizer has increased prices for 100 drugs, including Viagra, by an average of 9 percent, according to The Financial Times. The move from America’s largest pharmaceutical company, which took effect July 1, came just a month after President Donald Trump addressed drug costs, saying the industry would voluntarily slash prices.
GE Healthcare’s parent company has had a rough run lately. The corporate giant has lost half its value in 2017—and another 25 percent this year. GE was also delisted from the Dow Jones Industrial Average. But Monday’s news that GE would spin off its healthcare division into a separate company could provide freedom for the standalone.
Robert Wilkie appeared before the Senate Committee on Veterans Affairs (VA) for his confirmation hearing to be Secretary of the Department of the VA on Wednesday—three months after President Donald Trump fired then-VA Secretary David Shulkin.
Rumors of Amazon’s interest in entering the healthcare space became reality with the announcement earlier this year of a venture with JPMorgan Chase and Berkshire Hathaway. But it looks like the online retail giant has bigger plans. Amazon announced plans for a merger with PillPack, an online pharmacy.
Calico, a biotech firm backed by Google, announced a $1 billion extension to its partnership with AbbVie. Now with $2.5 billion in funding, the venture is aimed at finding cures for aging-related diseases, such as neurodegeneration and cancer.
Ralph W. Muller, MA, chief executive of the University of Pennsylvania’s health system in Philadelphia, will step down in 2019. Leading the school health system since 2003, he has helped it expand to six hospitals.
After a year of soul searching and strategic review, GE announced its move today to spin off GE Healthcare into a standalone company over the next 12 to 18 months. The goal, the company said, is a leaner corporate structure with substantial reductions in debt.
After his appointment as CEO of the new Amazon-Berkshire Hathaway-JPMorgan Chase healthcare venture, Atul Gawande, MD, stated the undertaking will look to target wasteful spending, while providing better outcomes and satisfaction and removing “some of the middlemen" from the system.
Adam Myers, MD, MHCM, FACHE, has joined the Cleveland Clinic as the director of community care and the chief of population health. He will lead Cleveland Clinic's new approach to managing care that will “proactively address the health needs of populations.”
The Trump administration plan includes moving the Supplemental Nutrition Assistance Program (SNAP) from the Department of Agriculture to HHS, which would be rebranded as the Department of Health and Public Welfare.