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News
Conemaugh patient volume falls short of projections as cost-cutting boosts margins
By Beth Kutscher | July 24, 2014 | Basic Web Basic Web Subscription Details
Conemaugh Health System, a three-hospital group that is being taken over by Duke LifePoint, reported a 1.5% operating margin for fiscal 2014, ahead of expectations, on the strength of its hospital division.
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News
Going public has its price for IMS, prompting Q2 loss of $220 million
By Rachel Landen | July 24, 2014 | Basic Web Basic Web Subscription Details
Several one-time charges for IMS Health Holdings left the company with a $220 million second-quarter net loss despite a boost to revenue driven by double-digit growth in technology services.
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News
Boston Scientific earnings socked by litigation, acquisition charges
By John N. Frank and Jaimy Lee | July 24, 2014 | Basic Web Basic Web Subscription Details
Boston Scientific Corp. reported second-quarter net income of only $4 million because of several charges related to acquisitions and divestitures, along with litigation and restructuring charges, but pointed to a 4% jump in revenue as a positive development for the medical-device maker. Without the...
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News
Quest Diagnostics' net income hit by hospital competition
By Bob Herman | July 24, 2014 | Basic Web Basic Web Subscription Details
Increasing competition from hospitals and one-time charges spelled a drop in second-quarter net income for Quest Diagnostics, but the Madison, N.J.-based diagnostic laboratory company recorded steady revenue growth thanks to acquisitions and higher clinical volumes.
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News
Gilead reports massive Q2 earnings jump thanks to Sovaldi
By Virgil Dickson | July 23, 2014 | Basic Web Basic Web Subscription Details
Gilead Science's second-quarter earnings blew through year-ago levels, thanks in part to its blockbuster, and controversial, hepatitis C drug Sovaldi.
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News
Sales of da Vinci robotic surgery systems continue to flag
By Jaimy Lee | July 22, 2014 | Basic Web Basic Web Subscription Details
Intuitive Surgical saw its revenue and income fall again in the second quarter as sales of its da Vinci robotic surgery systems continued to drop.
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News
Centene's Q2 profit, revenue soar with new contracts, Medicaid expansion
By Bob Herman | July 22, 2014 | Basic Web Basic Web Subscription Details
Medicaid expansion and an aggressive growth strategy are paying early dividends for Centene Corp. The St. Louis-based health insurer has raised its expectations for the rest of the year yet again after reporting a highly profitable second quarter.
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News
Baptist posts larger loss than expected on weaker patient volume, payer mix
By Beth Kutscher | July 22, 2014 | Basic Web Basic Web Subscription Details
Baptist Memorial Health Care Corp., a 14-hospital system in Memphis, Tenn., posted a bigger-than-expected net loss for the nine-month period ended June 30 as its patient volume and payer mix declined.
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News
HHS reissues disputed 340B policy on orphan-drug discounts
By Jaimy Lee | July 21, 2014 | Basic Web Basic Web Subscription Details
HHS issued an interpretive rule that requires drug companies to provide discounts on orphan drugs sold through a federal program just months after a judge struck down the government's previous version of the rule.
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Vital Signs
Bottom-line ACA gains starting to show in hospital financials, Zacks says
By John N. Frank | July 21, 2014
Happy days are here, financially, for hospitals thanks to the Patient Protection and Affordable Care Act, says Zacks Investment research in a recent blog post.
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