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Castlight’s revenue rises, but so do losses

By Joseph Conn  |  October 31, 2014

Castlight Health, a developer of an online healthcare pricing service for patients, payers and self-ensured employers, is still in search of profits, but its revenue continues to increase, according to its quarterly financial report to the Securities and Exchange Commission.

States unsure about extending higher Medicaid pay rates

By Virgil Dickson  |  October 31, 2014

Members of the Medicaid and CHIP Payment and Access Commission (MACPAC) say there is not enough data on the impact of increasing Medicaid payment rates for primary-care services to recommend that Congress extend the provision.

Growth comes at a price for Northwestern Memorial

By Andis Robeznieks  |  October 31, 2014

Northwestern Memorial HealthCare reported an operating loss for the quarter ended Aug. 31, with ballooning revenue offset by major expense increases. Gains in investment income, however, produced an overall $53 million surplus for the Chicago-based not-for-profit.

Firms gearing health-related technology toward baby boomers

By Washington Post  |  October 31, 2014

Recognizing the needs and potential of the large baby boomer market, companies are developing a variety of health-related technologies geared toward the needs of people in their 50s and 60s. Some of the technologies are aimed at the baby boomers themselves and others at helping them care for aging...

Lockheed Martin to buy healthcare tech company Systems Made Simple

By Washington Post  |  October 31, 2014

Lockheed Martin is set to acquire healthcare technology company Systems Made Simple for an undisclosed sum, the defense giant said Thursday. Systems Made Simple performs health data analytics and management work for government agencies such as the Veterans Affairs Department and the National...

J&J may pay $250 million to settle 1,000 more hip claims

By Bloomberg  |  October 31, 2014

Johnson & Johnson may pay more than $250 million to resolve suits over its ASR hip implants that were excluded from a $2.5 billion settlement of similar claims last year over the device’s failure, two people familiar with the accord said.

CHE Trinity seeing cost savings from 2013 merger

By Beth Kutscher  |  October 31, 2014

CHE Trinity marked its first full fiscal year as a merged organization with an earnings report that its chief financial officer said reflects its success in finding synergies and moving toward a value-based payment model.

CMS finalizes 2015 payment cuts to home healthcare agencies

By Paul Demko  |  October 31, 2014

Medicare payments to home healthcare providers will be reduced by $60 million, or 0.3%, in 2015, according to the CMS. The agency issued a final rule Thursday detailing payment policies for agencies that care for homebound patients.

AbbVie beats analyst expectations, even with lower earnings

By Adam Rubenfire  |  October 31, 2014

Drug manufacturer AbbVie, which recently walked away from a merger with Irish drugmaker Shire, reported third-quarter earnings of $506 million, down 47% compared with the same period last year. It did, however, manage to beat analyst expectations for adjusted earnings at $0.89 per share.

Former Northwestern researcher settles false-claims allegations

By Lisa Schencker  |  October 31, 2014

A former Northwestern University cancer researcher will pay the government $475,000 to settle claims that he allegedly spent federal research grant money on inappropriate items that benefited him, his family and friends.

Dignity Health pays $37 million in false-claims action

By Lisa Schencker  |  October 31, 2014

Dignity Health has agreed to pay the government $37 million to settle allegations that more than a dozen of its hospitals knowingly submitted false claims to Medicare and TRICARE.

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