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Unreported GPO fees may cause Medicare to overpay hospitals

Unreported GPO fees may cause Medicare to overpay hospitals

By Jaimy Lee  |  November 24, 2014

A government watchdog wants to know if hospitals accurately report revenue they receive from group purchasing organizations, a question that may have broader implications for the federal safe harbor that allows GPOs to earn and distribute such administrative fees.

Recall management poor at hospitals

Recall management poor at hospitals

By Jaimy Lee  |  November 22, 2014

As the number of medical-device recalls has rapidly increased, so has the complexity of the recalls. That is raising questions about safety and risks for hospitals that mostly still track and locate faulty products manually.

Hospitals' supply costs rising faster than volume

By Beth Kutscher  |  November 22, 2014

For many systems across the country, the expense side of the balance sheet is growing almost as fast as the revenue side, prompting providers to look for new ways to cut costs.

Soaring generic drug prices draw Senate scrutiny

By Associated Press  |  November 21, 2014

Some low-cost generic drugs that have helped restrain healthcare costs for decades are seeing unexpected price spikes of up to 8,000%, prompting a backlash from patients, pharmacists and now lawmakers.

Hospitals cash in Premier shares

Hospitals cash in Premier shares

By Jaimy Lee  |  November 15, 2014

About one-fifth of the hospitals, health systems and purchasing groups that own the Premier healthcare alliance made nearly $120 million by selling shares in a secondary offering underway this month.

CT system prices shoot up 15%, driven by pricey new models

CT system prices shoot up 15%, driven by pricey new models

By Jaimy Lee  |  November 13, 2014

The average price of computed tomography systems went up 15% in the past month as more hospitals purchased high-end scanners, including two new premium models that have been on the market for less than a year, according to the Modern Healthcare/ECRI Institute Technology Price Index.

Guest commentary: GPOs work behind the scenes on front lines of Ebola response

Guest commentary: GPOs work behind the scenes on front lines of Ebola response

By Lee Perlman  |  November 11, 2014

The important work of group purchasing organizations has been the subject of several recent studies, including a new survey sponsored by the American Hospital Association and conducted by Lawton Robert Burns at the Wharton School. While I am heartened that Burns found that GPOs produce savings and...

Premier reports 6% net-income growth in Q1

By Jaimy Lee  |  November 10, 2014

Premier, the Charlotte, N.C.-based provider of group purchasing and data tools and services for hospitals, said revenue rose 15% to $229.3 million in the first quarter because of increased administrative fees and higher utilization of its direct-sourcing and specialty-pharmacy businesses.

Stocks that could benefit from a GOP-led Congress

By Associated Press  |  November 08, 2014

Lower taxes for medical device makers. Lighter regulations for coal. If the new Republican-led Congress manages to push through these policy changes it could lift stocks in the health and energy industries, market strategists say.

Impact of medical-device tax likely negligible, report says

By Jaimy Lee  |  November 04, 2014

A new Congressional Research Service report found that Obamacare's medical-device excise tax probably will affect the purchasers of medical supplies and devices more than manufacturers' bottom lines. But the report estimates that the financial impact of the tax is likely to be negligible.

Premier owners can start selling, but will they?

By Jaimy Lee  |  October 31, 2014

Premier healthcare alliance member-owners now have the chance to convert their shares and sell their stock in the firm, a year after the company went public.What they will do and when is still not known however.

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