Cleveland HeartLab has agreed to be acquired by Quest Diagnostics, a Fortune 500 medical testing company based in New Jersey.
As expected, hurricanes and Medicaid woes are among the causes HCA, the nation's largest hospital chain faced a tough third quarter.
Highmark Health will spend $1 billion to expand its Allegheny Health Network hospital chain, including a new 160-bed hospital in Pittsburgh's North Hills suburbs, four smaller neighborhood hospitals and renovations to existing hospitals.
There has been heightened scrutiny over pharmacy benefit managers' role in drug pricing in recent years. Anthem's creation of its own pharmacy benefit management company could drive change throughout the industry as health plans and PBMs aim to maintain their competitive edge, experts said.
Anthem is starting a pharmacy benefit manager in partnership with CVS Health after cutting ties with its longtime PBM, Express Scripts. Starting in 2020, when Anthem's Express Scripts contract ends, the new PBM will serve customers of Anthem-affiliated health plans and non-Anthem customers.
Health system and hospital consolidation in 2017 will likely outpace 2016's mark and continue at the same pace through next year as systems get more creative with their partnerships, experts said.
UnitedHealth Group's third-quarter earnings soared 26% to beat Wall Street expectations as its growing Optum business segment once again helped the nation's largest health insurer.
Hospital company stock prices were mixed on Friday after the news that the Trump administration would end financial support for ACA enrollees' cost-sharing.
The Dignity Health and Catholic Health Initiatives deal is still on, Dignity leaders said in a conference call Friday, marking about a year since the merger plans were initially announced.
Summa Health has begun the search for a new president and CEO to take over for Dr. Cliff Deveny.
Academic medical centers have turned to larger health systems to survive as their margins tighten. But a new study says pressure to become more profitable after those mergers can limit their investigative work.
Los Angeles-based Pacific Alliance Medical Center will close in December as the hospital was unable to foot earthquake retrofitting costs, the company said.