Boston-based Partners HealthCare has abandoned plans to acquire South Shore Hospital, South Weymouth, Mass., in light of a court ruling spiking its deal with state regulators to address antitrust concerns.
Boston-based Partners HealthCare has abandoned plans to acquire South Shore Hospital in light of a court ruling spiking its deal with state regulators to address antitrust concerns. Partners will also hold off on acquiring two other suburban hospitals covered in that agreement.
Waltham, Mass.-based EarlySense invented a sensor that monitors heart rate, respiratory rate and patient movement without direct contact with the patient. When the product didn't take off with consumers, EarlySense refocused on hospitals and patient safety.
Dr. David Torchiana will take the helm at Partners HealthCare, as the Boston-based system charts a new business course following a state judge's ruling blocking its planned acquisition of three hospitals
Partners HealthCare's incoming CEO Dr. David Torchiana will take control of an organization he describes as “chastened” by the public criticism and a fresh legal rebuke of its planned expansion and is faced with turning around a steep loss in its new health insurance arm.
Even as value-based contracting proliferates, the financial incentives for hospitals and medical groups to eliminate waste and improve care have barely changed.
HHS' Office of the National Coordinator for Health Information Technology has named Dr. Michael James McCoy its first chief health information officer as the agency shifts its focus toward improving the interoperability of EHR systems.
A Massachusetts judge last Thursday rejected an agreement that would have allowed Partners HealthCare to acquire three hospitals.
Partners HealthCare soon might find itself back in court after a Massachusetts judge rejected an agreement that would have allowed the Boston-based system to acquire three hospitals. But Partners may not have better luck the second time around unless it tries a completely different approach.
A Massachusetts judge rejected an agreement that would have allowed Partners HealthCare to acquire three hospitals, saying the expansion would allow the Boston-based system, already the largest in the state, "to exact higher prices from insurers for the services its providers render.”
Several of the nation's largest health systems and insurers are joining together in a new task force with the goal of shifting 75% of their business to contracts with incentives for quality and lower-cost healthcare.
Partners HealthCare System in Boston saw its ratings downgraded by Moody's Investors Service when the agency rated new bond issues expected this week.