You are here

Finance

 

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

AHA executive calls SGR system “terribly flawed” and proposes new payment system

If Congress does not act in the coming weeks, physician payments for treating Medicare patients will decrease by 21 percent on April 1.

Health system CFOs emphasize value-based care

With reimbursement more closely tied to quality of care and value-based care, chief financial officers are focusing on recovering working capital and finding new sources of revenue, according to a new survey of more than 150 health system CFOs.

Cancer care in U.S. is less cost-effective than in Western Europe

The cost-effectiveness of cancer care in the U.S. is less than in Western Europe, according to a new study.

CBO projects lower Affordable Care Act cost estimates

The Congressional Budget Office projects that major health insurance coverage provisions of the Patient Protection and Affordable Care Act will cost taxpayers more than $1.2 billion from 2016 to 2025.

Hospitals are second largest source of private sector jobs

With nearly 5.6 million employees, community hospitals are the second largest source of private sector jobs, according to a new American Hospital Association report.

Hospital executives preparing for value-based Medicare payments

Nearly three-quarters of physician leaders said their organizations are preparing for changes in the way hospitals are reimbursed for treating Medicare patients, according to a new poll.

10 Calif. hospitals slapped with $700K in fines for medical mistakes

Ten hospitals in California were hit with administrative penalties totaling $700,000 due to medical errors.

Survey: Clients, employees approve of Cerner acquisition of Siemens Healthcare IT

A survey of the current clients of Cerner and Siemens Healthcare’s IT division, as well as employees at both entities, reveal positive feelings about the upcoming acquisition, according to a survey conducted by Black Book Rankings.

Michigan merger of three not-for-profit healthcare systems finalized

Beaumont Health System, Botsford Health Care and Oakwood Healthcare are now officially one organization — Beaumont Health. The new $3.8 billion not-for-profit health care organization is one of southeastern Michigan’s largest with eight hospitals with 3,337 beds, 153 outpatient sites, 5,000 physicians and more than 33,000 employees.

CMS actuaries predict current slowdown in health care spending will not last

In a report published in the policy journal Health Affairs, the actuaries examine a broad range of factors pushing healthcare spending down and up from now through 2023. They conclude that 2013 health spending growth should have remained slow at 3.6 percent. Starting in 2014, however, the pace of growth begins to pick up again as the economic recovery strengthens, more people acquire insurance under the Affordable Care Act’s coverage expansions and the baby boomer generation drives an overall aging of the population.

Pages