A federal appeals court on Thursday upheld a $237 million False Claims Act verdict against Tuomey Healthcare System in Sumter, S.C. The sum is believed to be the largest ever levied against a community hospital and exceeds the hospital's annual revenue.
Centene Corp. announced Thursday it would buy Health Net in a $6.8 billion deal. It's the latest consolidation in a frenzy that has giant Anthem proposing $54 billion for Cigna Corp. and national insurers Aetna, Humana and UnitedHealth Group reportedly considering deals among their ranks.
The 16 largest healthcare real estate investment trusts, ranked by market capitalization as of May 31, 2015. Source: National Association of Real Estate Investment Trusts. Published July 6, 2015, p. 34.
Ambulatory services added 22,600 jobs in June didn't create as many jobs as it did the past two months, according to the latest federal data. The industry as a whole added about 16% fewer jobs last month than in April and May, but healthcare job growth this year is still outpacing 2014.
Drug spending among new health exchange plan enrollees dropped during the first quarter of 2015 compared with the same period in 2014, according to a new report that seems to reject concerns that healthcare reform would drive up costs because of mandatory coverage of older, sicker Americans.
The CMS wants to cut reimbursement rates for outpatient services. Provider groups immediately slammed the proposals, saying they undervalue outpatient care.
Allscripts, a major EHR vendor, is furthering its relationship with Dr. Patrick Soon-Shiong's NantHealth precision medicine startup, which plans to go public by year-end. The two companies hope to collaborate on a precision medicine platform for cancer care.
Federal regulators on Thursday approved a new combination drug treatment for the most common form of cystic fibrosis. But it comes at a steep price—more than $250,000 for a year's treatment.
A nationwide survey of nearly 700 patients who either experienced harm themselves or whose relatives were harmed by medical errors reveals that trust makes a difference in whether those patients and families take legal action.
Paul Kusserow, president and CEO of Amedisys, a Baton Rouge, La.-based home-care and hospice company, discusses a recent management shake-up, the firm's expansion strategy and its moves toward risk contracting. He spoke with Modern Healthcare reporter Steven Ross Johnson.