Reimbursement

Siemens Healthcare announced Friday that it has entered into a definitive agreement to acquire Yardley, Pa.-based MobileMD, Inc., a developer of health information exchange technology.

The Medicare Payment Advisory Commission (MedPAC) wants to better align the payment system for the program that coordinates care for dual-eligibles – beneficiaries eligible for both Medicare and Medicaid with the Medicare Advantage payment system.

The Program of All-Inclusive Care for the Elderly (PACE) enables frail Medicare beneficiaries still in their homes to access medical and social services in the community.

North Shore–Long Island Jewish Health System has been awarded the most incentives – nearly $3.7 million – under a national pay-for-performance program, the system announced on Thursday.

Healthcare entities are falling behind recommended timelines for implementing the required ICD-10 code sets by the October 1, 2013 compliance date, according to a survey conducted by the Workgroup for Electronic Data Interchange (WEDI).

UnitedHealthcare and healthcare provider Sharp Healthcare have announced a five-year contract renewal that also includes the rebranding of a current United Medicare Advantage plan to be called Sharp SecureHorizons Plan by UnitedHealthcare (HMO).

A little more than four months after Highmark, western Pennsylvania's largest insurer, provided a $50 million cash infusion to help prop up struggling provider West Penn Allegheny Health System, the boards of both companies on Tuesday approved a definitive affiliation agreement.

The Centers for Medicare & Medicaid Services yesterday announced it will increase payment rates under its Outpatient Prospective Payment System (OPPS) by 1.9 percent and its Ambulatory Surgical Center (ASC) payments by 1.6 percent in 2012.

Humana Inc. this morning released financial results for its third quarter that showed net profits up more than 13 percent compared to its third quarter 2010 results.