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Casting light on a simpler pricing system
By Merrill Goozner | October 25, 2014 | Print Magazine Print Magazine Subscription Details
Remember the excitement surrounding Castlight Health's initial public offering? Last March, the San Francisco startup's stock price soared when investors bought into the idea that online price transparency would transform the healthcare marketplace.
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Podcast
AdvaMed CEO Stephen Ubl on new payment models, repealing device tax
Modern Healthcare | October 25, 2014
Stephen Ubl, president and CEO of the Advanced Medical Technology Association, discusses the potential impact of new payment models, as well as regulatory and tax issues, on the $110 billion device industry. He spoke with Modern Healthcare reporter Sabriya Rice.
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News
Latest motion filed in four-year Georgia hospital divestiture battle
By Lisa Schencker | October 24, 2014 | Basic Web Basic Web Subscription Details
Phoebe Putney Health System filed a motion this week seeking to halt the Federal Trade Commission's efforts to force it to give up one of its hospitals until after the state of Georgia makes a decision about whether certain state laws might prevent such a move.
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News
LifePoint results point to strong quarter for all for-profit hospitals
By Beth Kutscher | October 24, 2014 | Basic Web Basic Web Subscription Details
LifePoint Hospitals again raised its financial guidance for full-year 2014 after booking higher revenue in the third quarter. The Brentwood, Tenn.-based chain, however, saw a similarly large increase in expenses that led to lower net income for the period compared to the third quarter of 2013.
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News
Bristol-Myers Squibb sees Q3 sales fall while profits rise
By Jaimy Lee | October 24, 2014 | Basic Web Basic Web Subscription Details
Bristol-Myers Squibb, the New York-based drugmaker, said sales fell 4% to $3.9 billion in the third quarter of 2014 as three of its top-selling drugs reported double-digit declines in revenue.
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News
Guest Commentary: ICD-10 won't help on cost control
David Johnson | October 24, 2014 | Basic Web Basic Web Subscription Details
Implementing ICD-10 in 2015 will complicate the challenge of codifying treatment activity. AthenaHealth estimates there will be up to 69,000 diagnostic codes. Here's the elephant in the room. The gargantuan coding task supports revenue collection, not cost control. As long as the payment system...
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News
Texas Health reports Ebola-related patient decline, lower Q3 revenue
By Beth Kutscher | October 23, 2014 | Basic Web Basic Web Subscription Details
Texas Health Resources, which has seen its reputation injured for failing to recognize the country's first Ebola patient and prevent the disease's spread to two of its healthcare workers, took a financial hit from the incident as patients shied away from its Dallas hospital in October, its latest...
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News
Cerner's Q3 profits climb as it preps to add Siemens Health
By Bob Herman | October 23, 2014 | Basic Web Basic Web Subscription Details
Third-quarter earnings at Cerner Corp. rose 12%, roughly in line with analysts' expectations, as the health information technology company continues to diversify and grow its business.
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News
Quest Diagnostics sees Q3 earnings slip despite rise in revenue
By Jaimy Lee | October 23, 2014 | Basic Web Basic Web Subscription Details
Quest Diagnostics, the nation's largest provider of laboratory services, said sales rose 6.5% to $1.9 billion in its third quarter, but quarterly net income fell again because of restructuring and integration costs and an expense-reduction plan.
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News
Hospitalist firm IPC fails to meet analyst Q3 expectations
By Beth Kutscher | October 23, 2014 | Basic Web Basic Web Subscription Details
IPC-the Hospitalist Co., a physician staffing firm, reported a 5% decrease in net income for the third quarter as expenses related to compensation and recruiting outpaced an increase in revenue.
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