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

Teva Pharmaceuticals to cut 25% of its global workforce

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.

AMGA: 60% of members ready to take on downside risk within 2 years

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.

Clinicial labs sue CMS over cuts to reimbursement

The American Clinical Laboratory Association (ACLA) has filed a lawsuit alleging the new Medicare reimbursement system for lab tests goes against what Congress intended in the Protecting Access to Medicare Act (PAMA) and would reduce payments to labs by about $670 million in 2018.

‘Traditional billing processes’ won’t work with millennial patients

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.

Ascension, Providence St. Joseph reportedly in talks to merge

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.

Dignity Health, Catholic Health Initiatives agree to merger

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.

5 things to know about slower health spending growth

CMS reported national health spending grew at a slower rate in 2016, increasing by 4.3 percent with slower growth across almost all spending categories, including private health insurance, Medicare, Medicaid and retail prescription drug spending.

UnitedHealth’s Optum to acquire DaVita Medical Group for $4.9B

Optum, the consulting and services arm of health insurance giant UnitedHealth Group, has continued a series of major acquisitions with the announcement it will buy DaVita Medical Group, a division of kidney dialysis firm DaVita, for $4.9 billion.

Moody’s: CVS-Aetna merger has ‘negative implications’ for other healthcare companies

If the merger between CVS Health and Aetna is completed, other healthcare companies, especially pharmacy benefit managers (PBMs), will see some negative effects such as pressuring the utilization and pricing of branded drugs, according to Moody’s Investor Service.

Advocate-Aurora merger would create 10th largest nonprofit health system in US

Downers Grove, Ill.-based Advocate Heath Care and Milwaukee-based Aurora Health Care announced plans to merge systems which are already the largest in their respective states into a 27-hospital system with around $11 billion in annual revenue.

Pages