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Israel-based Teva Pharmaceuticals, the largest generic drugmaker in the world, will be laying off 14,000 employees, a quarter of its workforce worldwide, including “significant” cuts to its 7,000 U.S. workers.

Providers represented by the American Medical Group Association (AMGA) expect more of their business to come from risk-based products in 2019, with government revenues moving from Medicare fee-for-service (FFS) towards Medicare Advantage and shared risk accounting for a greater share of revenue in commercial settings.

Millennial patients know less about their health benefits, are less likely to pay their medical bills in full and often don’t save for medical expenses, according to a survey published by TransUnion Healthcare.

St. Louis-based Ascension Health and Renton, Washington-based Providence St. Joseph Health are discussing a merger, according to the Wall Street Journal, which would create a massive nonprofit health system of 191 hospitals in 27 states.

More than a year after first announcing they were negotiating a merger, Dignity Health and Catholic Health Initiatives (CHI) have a definitive agreement to create a massive nonprofit health system based out of Chicago with more than $28 billion in combined revenue.

 

Recent Headlines

Bonuses to be smaller in Medicare’s value-based purchasing program for 2018

A larger percentage of hospitals will receive bonuses and fewer will be penalized under CMS’s Hospital Value-based Purchasing (VBP) program for fiscal year 2018, though the maximum positive payment adjustment will be smaller.

CMS releases final 2018 Physician Fee Schedule rule

Additional cuts to what CMS pays to hospital-owned off-campus facilities were finalized in the Physician Fee Schedule rule for 2018, though the reductions were lower than what the agency had originally proposed.

Fee-for-service’s share of healthcare payments is shrinking

In a report released by the Health Care Payment Learning and Action Network (LAN), 43 percent of payments to health systems came from traditional fee-for-service (FFS) payment models in 2016, down from 62 percent the year before, while alternative payment models’ (APMs) share increased from 23 percent to 29 percent.

ACA enrollment brings Catch-22 for insurers, confusion for customers

Nov. 1 marks the beginning of the Affordable Care Act (ACA) exchanges’ open enrollment period. Customers can expect some sticker shock with the most popular plans’ premiums rising by an average of 34 percent. Insurers, in turn, can expect fewer customers.

Medicare Shared Savings ACOs saved $652M in 2016

The more than 400 accountable care organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP) in 2016 generated $652 million in gross savings, with the majority coming from groups which have been in the program since 2012 or 2013.

Tenet reportedly won’t be sold as it posts $366M loss

One of the largest for-profit hospital operators in the U.S., Tenet Healthcare, has halted plans to sell itself after the early exit of CEO and chairman Trevor Fetter, Reuters reports.

Aetna rumored to be in talks for sale to CVS

Retail and pharmacy giant CVS in reportedly in talks to buy Aetna, one of the largest health insurers in the U.S., in a deal valued at more than $66 billion.

34% average premium hike for silver plans on ACA exchanges

The most popular health plans on the Affordable Care Act (ACA)’s exchanges, silver-level plans, will require 34 percent higher premiums on average in 2018, according to an analysis from Avalere Health. The average hike for the second-lowest-priced silver plans, often considered the benchmark for the exchanges, will be 38 percent.

Select Medical, Dignity Health to merge urgent care business

Two of the top operators of urgent care centers have entered into a definitive agreement to combine their urgent care business into one of the largest in the industry.

AMA: 69% of metro areas have ‘significant absence’ of health insurer competition

Health insurance markets have become increasingly consolidated, according to a study released by the American Medical Association (AMA), with more metropolitan areas meeting the federal definition of a “highly concentrated” market and more insurers attaining a 50 percent market share

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