Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and inpatient visits. FULL STORY »
By Modern Healthcare | October 14, 2013
| Basic Web
Four months after dropping a deal with a different suitor because of regulatory hurdles, Chesterfield, Mo.-based Mercy health system plans to transfer its Hot Springs, Ark., hospital and physician clinic to Catholic Health Initiatives. FULL STORY »
Hospitals spend less on operations—largely by squeezing labor costs—to make up for lost revenue when Medicare cuts hospital prices, according to a new study. FULL STORY »
In five markets around the U.S., ACOs were caring for more than half the Medicare patients in the traditional fee-for-service program and were likelier to be in areas with more provider consolidation. FULL STORY »
Trinity Health, the Livonia, Mich.-based Catholic system that merged with Catholic Health East in May, reported an increase in revenue and income in fiscal 2013, but challenges remain for the newly integrated group. FULL STORY »
A clerical error means Tuomey Healthcare System in South Carolina owes $39 million less than a federal judge ordered Tuesday. But the system still is on the hook for $238 million in damages for violating the federal False Claims Act. A settlement to resolve the case, meanwhile, may still be in the... FULL STORY »
The HCA hospital chain this week won a bidding war for Citrus Memorial hospital in Inverness, Fla., securing its fourth new hospital this year in an ambitious expansion of its already large footprint in the Tampa Bay region. FULL STORY »
By Tom Murphy / Associated Press | October 01, 2013
Merck & Co. plans to cut another 8,500 jobs as the drugmaker continues its struggle with competition from cheaper generic medications that have squeezed the pharmaceutical industry for several quarters now. FULL STORY »
As insurance exchanges opened Tuesday, health insurance company stock prices reflected optimism about the impact of the healthcare reform law's extension of coverage to millions of uninsured. FULL STORY »
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