Medtronic must stop making and selling its implantable infusion drug pump under a consent decree with federal regulators who say the company failed to ensure the product was safe.
Merck & Co. said preliminary results of a post-market study of its diabetes drug Januvia showed no increase in hospitalization compared with patients who did not use the drug.
Medicare could benefit by moving to a system of electronic cards, according to a report from the Government Accountability Office. But such a switch could be costly for providers and create a host of problems with current electronic health records.
Mylan rejected Teva Pharmaceuticals' $40.1 billion buyout offer, saying the cash-and-stock proposal undervalues the company. The rejection comes as both Mylan and Teva look to further consolidate an increasingly competitive generic drug industry.
Universal Health Services reported a 26.2% increase in first-quarter net income, which the publicly traded system attributed to an improving economy, higher patient volume and more insurance coverage.
Acquisitions, restructuring and rising interest expenses left Laboratory Corp. of America Holdings with falling income despite slightly higher revenue in its first quarter.
Lancaster (Pa.) General Health, a single-hospital system about 70 miles west of Philadelphia, will become a part of the University of Pennsylvania Health System.
The Medical Center of Central Georgia agreed to pay the federal government $20 million to settle allegations that it improperly billed short-stay admissions as inpatient rather than outpatient visits.
A federal law that limits the amount of money Medicare can recoup in drug rebates means the CMS is saving billions more on drugs for Medicaid beneficiaries than for those in Medicare's Part D prescription drug program.
The average price that healthcare facilities paid for electric beds was 45% higher in February compared with the same month last year. The increase was fueled by interest in beds designed for intensive-care units, according to the Modern Healthcare/ECRI Institute Technology Price Index.
One of Florida's most powerful Republicans reportedly is using the results of a narrow study focusing on surgical outcomes to insinuate that extending Medicaid to more Americans increases their chances of dying.
Total compensation for some of the highest-paid CEOs in the healthcare industry increased faster than their companies' profits last year, a Modern Healthcare analysis of the first firms to report executive pay found.