Fourth-quarter earnings at health insurer Cigna Corp. dropped 9%, but there are bigger questions about how Cigna will rectify the problems in its Medicare Advantage and Part D plans.
Mednax, an investor-owned medical group and staffing company, closed deals totaling $850 million last year, fueling the company's rapid revenue growth in the final months of the year.
There might be another tool in the battle against high drug costs: state consumer protection laws. A potential lawsuit in Massachusetts against drugmaker Gilead over its costly hepatitis C drugs could, if successful, forge a new path for states working to combat the high costs of certain drugs.
The giant New York money manager took large positions last year in at least 14 investor-owned healthcare companies ranging from Tenet Healthcare Corp. and TeamHealth on the provider side to insurer Centene Corp. and a host of medical-device and equipment companies.
The future of Moda Health is up in the air after two states clamped down on the floundering health insurer and insurance ratings agency A.M. Best downgraded its credit rating to "under regulatory supervision," a designation reserved for companies that are "impaired" and could be nearing insolvency.
IMS Health Holdings, which sells prescription data and technology services to medical-device manufacturers, providers and payers, reported a rise in its year-end profits and is looking forward to more growth in 2016.
Cape Fear Valley Health System rode better cash collections and higher volumes in surgeries and outpatient cancer services to post improved revenue and operating surpluses in its 2015 fiscal year ended Sept. 30.
Becton, Dickinson and Co., the Franklin Lake, N.J.-based medical-device maker, reported a modest jump in comparable revenue as profits dropped just slightly due to rising costs and a weak flu season.
Merck & Co. posted an 87% drop in fourth-quarter profit compared with last year when the drugmaker had a huge gain from the sale of consumer health business. It beat Wall Street profit forecasts, but came up short on revenue.
The HCI Group, a Jacksonville, Fla.-based consultancy specializing in health information technology system installation and support, has acquired health IT training and systems-implementation company Expert Technical Advisors, Houston, the company has announced.
Prime Healthcare completed its acquisition of a Florida hospital, and its not-for-profit affiliate acquired another three hospitals across three states.
Like other GPOs, HealthTrust's contracting team has always convened a number of boards composed of practicing physicians or nurses to review products. But they were lacking specialists who could offer in-depth, practical expertise on new products, said Dr. Michael Schlosser, the company's CMO.