General Electric (GE) plans to spin-off its healthcare unit as a business in itself, selling 20 percent and distributing the rest to shareholders, according to CNBC.
Shareholders will receive 80 percent of GE Healthcare's value as a tax-free...National News
On Monday, Aug. 13 H.I.G. Growth Partners (H.I.G.) announced the completion of its investment in Sage Hospice. Headquartered in Phoenix, Sage is a leading provider of hospice and palliative care services to patients in the Phoenix market. H.I.G. is a growth capital investment affiliate of H.I.G. Capital.
Sage is the third largest...National News
Humana took a $790 million hit after selling off long-time subsidiary KMG America Corporation, but beat analyst estimates with a reported $16 million increase in operating cash flows over the last year.
In a second quarter earnings call on Aug. 1, executive at Humana Brian A. Kane acknowledged the losses incurred from the KMG...National News
In a new proposed rule, the Medicare Shared Savings Program redesigns the participation options for the majority of accountable care organizations (ACOs) to encourage a speedier transition to risk bearing tracks, currently Track 1 participants bear no risk and may remain on the track for six years.
The Trump Administration has...National News
CVS' retail medical clinic, MinuteClinic, begins to provide around-the-clock telehealth services in a partnership with leader in virtual care, Teladoc. Patients with injuries, skin conditions or minor illnesses engage in video visits at any time of the day, seven days a week through a mobile app.
Patients choosing to use the...National News
Parents of Alyssa Gilderhus say they aided in their daughter's escape from the Mayo Clinic in Rochester, Minnesota after she repeatedly requested to be transferred to another hospital and claimed the facility "medically kidnapped" her.
Videos have surfaced all over the Internet of Gilderhus' almost soap opera-like escape, showing a...National News
The final rule issued August 2 updates Medicare payment policies and rates under the Inpatient Prospective Payment System (IPPS) and the Long-Term Care Hospital (LTCH) Prospective Payment System (PPS).
According to the Centers for Medicare and Medicaid (CMS), the rule is designed to empower patients through better access to...National News
On Aug. 3, the U.S. Department of Justice reached a settlement with Prime Healthcare and its CEO Dr. Prem Reddy have agreed to pay $65 million to settle allegations of Medicare over-billing for false claims across 14 Prime hospitals in California. A San Diego whistleblower Karin Berntsen, will receive $17.2 million for her reporting of...National News
A couple of Medicare Advantage (MA) policy changes implemented earlier this year point to MA insurers as the perfect candidates to pay for senior living services as part of new supplementary benefits.
Medicare Advantage allows government Medicare dollars to go through private insurers that in turn offer seniors benefit packages as...National News
Four major U.S. cities are suing President Trump and his administration for deliberately attempting to ensure the Affordable Care Act (ACA) fails, thus violating the president's constitutional duty to execute laws faithfully under the Take Care Clause.
Representing 4.5 million Americans, the plaintiffs, Baltimore, Chicago,...National News
During this year's second quarter, Ensign Group said its strategies for underperforming skilled nursing facilities (SNFs), which included removing old leadership teams, pushed its SNF revenue to $286.3 million, an increase of 4 percent, year over year.
According to Ensign's CEO Christopher Christensen, the acquisition of SNFs in 2017...National News
Uncertainty surrounds potential mega-healthcare mergers as the CVS-Aetna deal and Cigna's acquisition of Express Scripts are in question. Just last year, the Justice Department thwarted the Cigna-Anthem and Aetna-Humana mergers.
The California Insurance Commissioner is adamant that the CVS-Aetna $69 billion merger proposal be blocked...
Dealing directly with health systems and providers is expanding from 3 percent in 2018 to 11 percent in 2019, according to a survey of 170 large employers recently released by the National Business Group on Health. The GM deal gives employees coverage for everything from doctor visits to surgical procedures. Direct contracting between...
HHS Secretary Alex Azar says current interpretations of the two privacy laws…are not just impeding value-based arrangements in healthcare. They can also get in the way of communities and families working together to combat our country’s crisis of opioid addiction, another top priority for President Trump.
Azar made the comments...National News
The Congressional Budget Office (CBO) missed $4 billion in savings evaluating changes to Medicare Part D by Congress.
Initially the Bipartisan Budget Act of 2018 had estimated saving Medicare $7.7 billion over the period of 10 years, but oversight from the CBO found that legislative changes to the drug discount program yielded...National News
On July 25, the House of Representatives passed a bill to loosen regulations for health savings accounts (HSAs), allowing spouses to contribute. The House also passed another bill letting more beneficiaries in on HSAs.
The Restoring Access to Medication and Modernizing Health Savings Accounts Act, HR6199, will grant plans...National News
A federal report conducted by the Office of the Inspector General (OIG) on Tuesday revealed how some hospices take advantage of Medicare payments and in some cases, are negligent of patients.
Hospice services can play an essential role in ensuring the comfort of terminally ill patients. It is a popular Medicare benefit and...National News
In the midst of a suit brought on by 12 Democratic attorney generals against the Trump administration, the President last week bragged about his new health plans and said they are already generating "record business."
Available to the public Sept. 1, the association health plans take a jab at the Affordable Care Act (ACA), which...National News
As healthcare accelerates faster toward the digital era, healthcare retailers and players are facing the ticking clock of innovation. Walgreens recently launched Find Care Now, a platform for its mobile and online users to find local and digital healthcare with numerous services offered.
Walgreens is currently working with 17 health...National News
The new short-term, limited duration health insurance policies available during open enrollment cited as a cost driver for premium increases in the individual market.
On Wednesday, the Trump administration announced its final rule allowing the sale of health insurance policies exempt from the definition of individual health insurance...National News
Following last week's decision to reinstate dental and vision benefits to the state's Medicaid recipients, Gov. of Kentucky Matt Bevin's administration has made the call to suspend Medicaid copays priced from $1 to $50 by Aug. 1.
Many Medicaid healthcare providers are being kept in the dark as the agency makes sudden changes, but...