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August 29, 2014 | Basic Web Basic Web Subscription Details
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News
IBM to sell Watson's brainpower to speed clinical and academic research
By Darius Tahir | August 28, 2014 | Basic Web Basic Web Subscription Details
IBM on Thursday rolled out yet another healthcare use of its Watson computing technology, namely to help academic and clinical researchers sort through mountains of research data.
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Information
Parkland's patient care draws federal scrutiny
By Associated Press | August 28, 2014
Federal authorities have determined that staff at Parkland Memorial Hospital endangered a patient in their care, marking the third time the hospital has been cited since promising to reform its psychiatric services.
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News
Wash. exchange plans double; average rates rise 1.9%
By Rachel Landen | August 28, 2014 | Basic Web Basic Web Subscription Details
Consumers in Washington state will have more choices in health plans next year and at rates lower than initially proposed, according to information made public by the state's Office of the Insurance Commissioner.
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Vital Signs
Expanding economy got little help from healthcare in last quarter
By Melanie Evans | August 28, 2014
The national economy grew more robustly than was believed a month ago, but the expansion owed little to health spending—at least according to the latest estimates of the evolving picture of U.S. economic growth and demand for healthcare as millions gained insurance.
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News
Reform Update: Facing ACA mandates, insurers diversify into technology
By Beth Kutscher | August 28, 2014 | Basic Web Basic Web Subscription Details
Health insurance companies, now required to spend the lion's share of premium revenue on patient care, are looking for higher investment returns elsewhere. As a result, they're increasingly putting money into technology ventures where they expect to realize higher returns.
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News
Short-term Medicare and Medicaid spending to dip, CBO projects
By Paul Demko | August 28, 2014 | Basic Web Basic Web Subscription Details
Spending on Medicare and Medicaid is expected to be roughly $100 billion less than previously anticipated over the next decade in large part because of reductions in the cost of labor and medical services, according to the latest analysis from the Congressional Budget Office.
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Information
U.S. to begin safety-testing Ebola vaccine next week
By Associated Press | August 28, 2014
Federal researchers next week will start testing humans with an experimental vaccine to prevent the deadly Ebola virus
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News
Los Angeles goes after patient-dumping for a third time
By Bob Herman | August 28, 2014 | Basic Web Basic Web Subscription Details
Glendale (Calif.) Adventist Medical Center has agreed to pay $700,000 to settle allegations the 462-bed hospital dropped off a homeless patient on Los Angeles' Skid Row—a downtown district infamous for its homeless population.
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News
Covidien continues shopping spree with vein device purchase
By Bob Herman | August 28, 2014 | Basic Web Basic Web Subscription Details
Covidien, like its soon-to-be acquirer Medtronic, has bought its second medical company within the past week. The Ireland-based supplier said Thursday that it took over Sapheon, a Morrisville, N.C.-based manufacturer of devices that help treat venous diseases.
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News
Language, tech barriers said to hinder Obamacare enrollees from proving citizenship
By Paul Demko | August 28, 2014 | Basic Web Basic Web Subscription Details
Roughly 300,000 people who purchased health plans through the federal exchange face a Sept. 5 deadline to provide proof of their citizenship or immigration status or risk losing coverage at the end of the month. But immigrant advocacy groups are warning that many of them have been stymied from...
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News
Former HHS cybersecurity official found guilty on child porn charges
By Bob Herman | August 27, 2014 | Basic Web Basic Web Subscription Details
A federal jury has convicted a former technology official within HHS on charges related to child pornography, the U.S. Justice Department announced Tuesday.
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News
Ice Bucket Challenge offers great lessons in healthcare fundraising
By Rachel Landen | August 27, 2014 | Basic Web Basic Web Subscription Details
While social media is deluged with videos of people dumping buckets of ice water on their heads in the name of ALS advocacy and philanthropy, other healthcare not-for-profits can find marketing lessons in the challenge that they can use for their own fundraising efforts.Chief among those lessons is...
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News
Reform Update: Ascension deals signal new economic reality in healthcare
By Melanie Evans | August 27, 2014 | Basic Web Basic Web Subscription Details
Ascension Health, one of the nation's largest hospital owners, is expanding rapidly with a string of announced deals that its CEO says will grow its reach beyond hospitals to keep pace with rapid Obamacare-induced changes in the marketplace. But notably, Ascension is not on an acquisition spree.
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News
NY-Presbyterian eyes new target as NYC hospital wars continue
By Bob Herman | August 27, 2014 | Basic Web Basic Web Subscription Details
New York-Presbyterian Hospital is pursuing a partnership with Hudson Valley Hospital Center in Cortlandt Manor, N.Y., yet another move in the chess game involving New York City's giant healthcare providers.
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Information
Obamacare has a CEO tax — and it just raised $72 million
By Vox.com | August 27, 2014
A little-known Obamacare tax on health insurance executives' salaries raised $72 million in new revenue last year. For decades now, the U.S. limited the corporation tax deduction for executive pay to $1 million for the company's top four employees. That deduction cap, however, excluded performance...
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News
Northwestern Memorial, Cadence merger moves forward
By Bob Herman | August 27, 2014 | Basic Web Basic Web Subscription Details
Northwestern Memorial HealthCare and Cadence Health ratified final terms of their merger Wednesday, creating a Chicago-area health system with nearly $3 billion in annual revenue.
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Information
Hospitals squeezed as revenue growth slows to all-time low
By Beth Kutscher | August 27, 2014
Revenue at not-for-profit hospitals grew at an all-time low of 3.9% last year with sluggish gains in both inpatient and outpatient activity, according to a report on 2013 medians from Moody's Investors Service. In comparison, hospital revenue increased 5.1% in 2012 and historically has grown about...
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News
Medtronic buys Italian hospital services company
By Jaimy Lee | August 27, 2014 | Basic Web Basic Web Subscription Details
Medtronic made its second deal this week, announcing a $350 million acquisition of an Italian operator of cardiovascular suites, operating rooms and intensive-care units.
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News
Roper Industries expands its product reach, acquiring two companies
By Darius Tahir | August 27, 2014 | Basic Web Basic Web Subscription Details
Roper Industries, a Sarasota, Fla.-based company that, among other lines of business, designs, manufactures and distributes medical and scientific imaging products and software, has acquired two firms to broaden its product reach.
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News
Vermont residents spend less on healthcare, but clouds are looming
By Melanie Evans | August 27, 2014 | Basic Web Basic Web Subscription Details
In Vermont, a state with ambitions for universal healthcare by 2017, privately insured patients spent less time hospitalized and used more generic drugs than the average U.S. patient during the five years leading up to and including the year when health reform passed both nationally and in Vermont,...
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News
HealthCare.gov computing change puzzles IT experts
By Virgil Dickson | August 27, 2014 | Basic Web Basic Web Subscription Details
The CMS is planning on a change in data-hosting tactics as it seeks a new contractor to run HealthCare.gov. The agency expects the change will help avoid glitches in the exchange site operations but some IT professionals are scratching their heads about whether it will actually help.
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Information
Medicaid payouts for office visits may influence cancer screening: study
By Reuters | August 27, 2014
In states where Medicaid pays doctors higher fees for office visits, Medicaid beneficiaries are more likely to be screened for breast, cervical or colorectal cancer, according to a new study.
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News
Reform Update: CMS won't limit flexibility of Oregon CCOs, state says
By Virgil Dickson | August 26, 2014 | Basic Web Basic Web Subscription Details
The CMS and Oregon are stepping back from an apparent clash over how the state is paying the managed-care organizations serving Medicaid beneficiaries in its nationally watched Medicaid demonstration. State officials and leaders of Oregon's coordinated-care organizations had expressed strong...
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News
Sharp HealthCare ACO drops out of Medicare's Pioneer program
By Bob Herman | August 26, 2014 | Basic Web Basic Web Subscription Details
Another Medicare Pioneer accountable care organization has exited the program, renewing questions about its long-term sustainability. Sharp HealthCare, a five-hospital system in San Diego, said in its third-quarter financial statement that it dropped out of the Pioneer ACO program.
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News
City of Hope grapples with higher expenses, ends Providence partnership talks
By Beth Kutscher | August 26, 2014 | Basic Web Basic Web Subscription Details
City of Hope, the not-for-profit comprehensive cancer center, reported that smaller gifts and an increase in its expenses led to a tighter operating margin in the first nine months of its fiscal 2014, which ends Sept. 30.
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News
Medicare ACOs can learn lessons from earlier demo project
By Melanie Evans | August 26, 2014 | Basic Web Basic Web Subscription Details
The precursor to Medicare's large and growing accountable care program ran five years and ended the month after the Affordable Care Act became law. The results, summarized in a new report, have proved prescient and may inform policy changes the CMS is expected to issue soon.
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News
HealthCare.gov to be run by Connecticut exchange leader
By Darius Tahir | August 26, 2014 | Basic Web Basic Web Subscription Details
The leader of one of the most successful state-based insurance exchanges will head to Washington to become CEO of the federal marketplace. The CMS named Connecticut's Kevin Counihan to the newly created post on Tuesday.
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Vital Signs
Counseling encouraged for overweight patients at risk for heart disease, task force says
By Sabriya Rice | August 26, 2014
Overweight and obese adults at risk for heart disease should be referred to or offered intensive behavioral counseling for diet and exercise interventions, a U.S. Preventive Services Task Force recommendation concludes.
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News
Device industry feeling the pinch
August 26, 2014 | Basic Web Basic Web Subscription Details
Regarding “Audit: Obamacare medical-device tax not meeting revenue target”: As a person who has worked for more than one medical-device manufacturer over the past 25 years, this article is spot on.
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Vital Signs
International clampdown needed on e-cig use, says WHO
By Steven Ross Johnson | August 26, 2014
The World Health Organization on Tuesday called on countries to impose tougher regulations on electronic cigarettes out of concerns over their unknown health risks, recommending bans on indoor use as well as sales to minors.
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News
Lytle to step down as chairman of Cleveland Clinic's Heart & Vascular Institute
By Timothy Magaw / Crain's Cleveland Business | August 26, 2014 | Basic Web Basic Web Subscription Details
The Cleveland Clinic's world-renowned heart program is in need of a new leader. Dr. Bruce Lytle, 68, will continue to serve as the chairman of the Clinic's Heart & Vascular Institute—a role he's held for the past seven years—while his successor is identified and then will “pursue...
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Vital Signs
Med staff turnover remains high as doc retirements rise
By Andis Robeznieks | August 26, 2014
The recovering economy has created challenges for medical staff retention with high turnover rates for doctors, physician assistants and nurse practitioners, according to a survey by the American Medical Group Association and the St. Louis-based Cejka Search recruitment firm.
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News
UPMC's CIO Drawbaugh resigns
By Bob Herman | August 26, 2014 | Basic Web Basic Web Subscription Details
Dan Drawbaugh, CIO at Pittsburgh-based health giant UPMC, has stepped down from his position. The system said Drawbaugh, 55, resigned “to pursue other professional interests.”
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News
Medtronic hits the buying trail again, snaps up Dutch devicemaker
By Jaimy Lee | August 26, 2014 | Basic Web Basic Web Subscription Details
Medical-device manufacturer Medtronic has made another deal, this time announcing plans to spend $200 million in cash to acquire a Dutch developer of deep-brain stimulation technologies.
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News
Google Glass-focused startup raises funds, joining others bringing Glass to healthcare
By Darius Tahir | August 25, 2014 | Basic Web Basic Web Subscription Details
Startup tech firm Wearable Intelligence, which has already garnered attention for using Google Glass in healthcare, has raised nearly $7.9 million of a planned $8.37 funding round, according to a recent Securities and Exchange Commission filing.
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News
Reform Update: Providers still skittish of CMS' renal ACO initiative
By Sabriya Rice | August 25, 2014 | Basic Web Basic Web Subscription Details
With just a few months before its launch, some providers are expressing frustration with a CMS initiative aimed at testing innovative payment and care-delivery models specifically geared toward patients with end-stage renal disease. Too many questions remain about key details and the framework...
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Information
100 Most Influential People in Healthcare | Interactive gallery
By Modern Healthcare | August 25, 2014
See who made this year's list. Sort the gallery to show what's most and least common among the men and women changing healthcare, and then share your results.
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News
Another rural hospital succumbs to mounting financial pressures
By Bob Herman | August 25, 2014 | Basic Web Basic Web Subscription Details
Rural hospitals are about to lose another comrade. Crittenden Regional Hospital, a 142-bed facility in West Memphis, Ark., said Monday that it has stopped admitting patients and will permanently shut down by Sept. 7.
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News
Billing Medicare for poor care not a false claim, court rules
By Bob Herman | August 25, 2014 | Basic Web Basic Web Subscription Details
A recent appellate court ruling in favor of an Illinois nursing home could shield other healthcare providers from False Claims Act allegations that involve poor quality of care.
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