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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

June jobs report reflects shift to outpatient care

As more conditions are cared for in the community setting rather than in hospitals, the jobs are moving along with the patients. The latest U.S. Bureau of Labor Statistics (BLS) report finds hospital hiring largely flat but physician office hiring up 4,000 jobs from the previous month and up 57,200 jobs from June of last year.

Massachusetts judge puts brake on Partners' deal with state

A Suffolk Superior Court Judge has put a three-week hold on the deal between Partners HealthCare System and the Massachusetts Attorney General’s office to allow comments from other stakeholders, including competing hospital systems and medical groups.

Banner Health and University of Arizona Health Network pursue merger

A definitive agreement may be signed as early as September. The potential affiliation would make Banner Health Arizona’s largest private employer with a combined 37,000 people, as well as make it the first non-profit statewide integrated care network.

Pennsylvania helps Highmark and UPMC come to agreement on care of patients after 2015

The ongoing dispute between Highmark and UPMC in Pennsylvania had created considerably concern in the state over what would happen to patients with Highmark health plans who receive care from UPMC after 2015 when the contract between the two organizations ends.

HFMA survey: Strategy now beats competitive advantage as reason to merge

The pressure to control costs and manage risk-based payment systems is changing the reasons why healthcare providers merge finds a new survey of Healthcare Financial Management Association (HFMA) members.

4 factors expected to increase healthcare sector growth in 2015

For 2015, the PricewaterhouseCoopers (PwC) Health Research Institute (HRI) is forecasting an end to the five-year contraction in the $2.8 trillion health industry. It predicts medical cost growth of 6.8 percent, up from the 6.5 percent it projected for 2014.

Merger to create $3.8 billion Michigan healthcare organization moves forward

The three individual boards of Southeast Michigan’s Beaumont Health System, Botsford Health Care and Oakwood Healthcare unanimously approved a merger plan and the three healthcare systems’ leaders signed the definitive merger agreement this week.

Texas health system hits nerve by raising entry-level compensation with money from executive bonuses

When Dallas-based Parkland Health & Hospital System announced last week that it would bump up its entry-level pay to $10.25 per hour using the first pool of funds earned by executives as part of a new pay for performance plan, it tapped into a much larger national debate about executive pay, minimum wage levels and income disparity.

Surgery Partners to acquire Symbion in a $792 million deal that will create one of the nation’s largest ASC operators

The already rapidly changing ambulatory surgery center (ASC) market is getting hotter as Surgery Center Holdings Inc. (which does business as Surgery Partners) will acquire Symbion Holdings Corporation and create a company with roughly 100 healthcare facilities and complementary ancillary services in 27 states that combined treat more than half a million patients a year.

DOJ joins whistleblower suit against national hospitalist company

What makes the suit particularly notable is that it involves alleged upcoding of evaluation and management (E/M) claims, a practice that normally does not generate payment differences large enough to justify the time and effort of the Centers for Medicare and Medicaid Services (CMS) conducting audits on such claims.

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