Modern Healthcare Staff
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Pocono Health System, East Stroudsburg, Pa., and Lehigh Valley Health Network, based in Allentown, Pa., announced last week that they have signed a merger agreement expected to close in the first half of 2016. The systems signed a letter of intent in May.
Pocono Health System, East Stroudsburg, Pa., and Lehigh Valley Network of Allentown, Pa., announced Wednesday that they have signed a merger agreement expected to close in the first half of 2016. The systems signed a letter of intent in May.
Experts say the Alabama Blues insurer is behind the times in offering reimbursement for telemedicine services, which can help meet increased care demands sparked by Medicaid expansion under the Affordable Care Act. The Republican governor of the red state said he is considering expansion.
A spike in earnings from Medicaid patient visits did little to soften the blow to Orlando Health's operating margin in its fourth quarter, which was down 85% from a year ago. The Orlando, Fla.-based not-for-profit saw its operating margin for the entire year rise slightly to 7.7%.
Centura Health, a subsidiary of Catholic Health Initiatives and Adventist Health Systems, has been given a 2015 HIMSS Enterprise Davies Award. The honor recognizes health systems that use health information technology to improve patient outcomes and achieve return on investments.
Medical-device manufacturer Becton Dickinson and Co. on Wednesday reported a significant revenue gain for its fourth quarter, ended Sept. 30., but profits suffered as expenses nearly doubled with its CareFusion acquisition this year.