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Cigna names chief data and analytics officer
The appointment comes as the insurer attempts to swallow pharmacy benefits manager Express Scripts.
Health IT -
Aetna to cover Abbott's non-opioid pain implant Proclaim
The decision opens up a potential market of 22 million people for the neurostimulation device.
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HCA to buy North Carolina health system for $1.5B
The proposed sale, first announced in March, was met with concern by some in the state worried that for-profit ownership would result in closed facilities and less access to care for rural areas.
Finance -
Medicare ACOs saved $1.1B in 2017, CMS data show
It comes after CMS officials predicted an overhaul of the Medicare Shared Savings Program would push ACOs to take on more financial risk in their first years of participation.
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Otsuka rolls out Abilify digital pill through Magellan network
The digital pill will cost $1,650 for a 30-day supply, which includes the wearable sensor and MyCite app, according to the company.
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California's Verity system files bankruptcy, faces $175M in annual losses
Billionaire investor Patrick Soon-Shiong bought a controlling stake last year and promised to bring in new equipment and technology along with expanded services.
Hospital Administration -
NYP reports lower net income, higher expenses in H1
The New York City-based nonprofit health system's flagship hospital has been ranked No. 1 in the metro area by the U.S. News and World Report for 18 consecutive years.
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CMMI director says agency won't force all providers to assume risk
Adam Boehler said, however, that CMS wants to "create that avenue" for any practices interested in taking on more risk.
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Deep DiveBlockchain in healthcare: Huge promise, but largely unproven
"What blockchain has been able to do is create markets where a market didn't previously exist," says Noah Zimmerman, director of Mount Sinai's Center for Biomedical Blockchain Research.
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Outsourcing RCM has pros, cons compared to in-house systems, report finds
Hospitals that farm out their revenue cycle management have a better collection rate, but wait longer to see the money than those that handle billing at least partly on their own, according to a paper from Crowe.
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Philips licenses Air Force mobile patient monitoring technology
The Andover, Massachusetts-based medtech giant plans to leverage the wearable system for telemedicine purposes.
Health IT -
Cleveland Clinic's operating income plummets 80% in Q2
The picture of strong revenues and declining operating income is being seen across the industry as hospitals juggle smaller inpatient volumes and lower reimbursement with rising labor and operating costs.
Finance -
RAND suggests personalized hospital comparison tool
The new method lets people choose the most important data to them, including mortality, readmissions, patient experience and efficient use of medical imaging.
Hospital Administration -
Nonprofit hospitals 'on an unsustainable path,' Moody's says
The ratings agency said nonprofits are continuing to outspend their revenues and the gap is widening.
Finance -
CMS looks to develop consumer comparative pricing portal
The agency has been pressing hospitals to be more transparent about the costs of procedures and services.
Health IT -
Uninsured rate stays stable in 2018
Use of high-deductible health plans continued an upward trend, with nearly half of people with private insurance saying they have such coverage, new federal statistics show.
Payer -
Tennessee health system lawsuit alleges rigged Medicaid contracting by state
The filing is the latest breadcrumb in a trail of litigation reaching back to 2007.
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Banner Health net income slides 33% despite strong revenues
The Phoenix-based nonprofit health system benefited from increased patient revenues and insurance plan premiums in the first half of this year.
Finance -
Hundreds of groups raise concerns about E/M payment proposal
They support efforts to cut provider administrative burden in the 2019 Physician Payment Rule but question its consolidation of office billing codes.
Payer -
Health insurance tax return would increase out-of-pocket costs, report finds
Congress approved a one-year moratorium on the tax for 2019, but it is expected to return the following year.
Payer -
Payers saw more upgrades in H1 2018, A.M. Best says
The credit rating agency attributed the wide swath of upgrades to improved performance in the ACA exchanges and heightened profitability for many insurers.
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90% of Americans use digital health tools, survey shows
While 77% of consumers prefer in-person doctor visits over telehealth, most who choose video consults enjoy them, according to the Rock Health report.
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Report offers framework for assessing EHR usability, safety
The voluntary roadmap includes criteria examples for developers and providers to use in testing EHR products at each lifecycle stage.
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Nixing discharges to long-term care hospitals could save Medicare $4.6B, study finds
Long-term care hospitals are reimbursed at substantially higher rates than other post-acute care arrangements.
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NIH-backed trial links device to drop in cardiac arrest deaths
The study found patients who have out-of-hospital cardiac arrests were more likely to survive after treatment with laryngeal tubes compared to endotracheal intubation.
Health IT