Chris Anderson
Community Health Systems Inc. has raised its offer for a takeover of Tenet Healthcare Corp. by 20 percent in what is its final attempt to close a deal between the two rival hospital operators.
Community Health Systems, locked in a bitter hostile takeover bid for rival Tenet Healthcare, publicly defended itself Thursday, calling Tenet's allegations of improper patient admission practices "contrived and biased."
CVS Caremark expects to complete its $1.25 billion acquisition of the Medicare Part D business of Universal American on Friday - a deal that would more than double CVS Caremark's Part D business.
The commander of the American Legion is urging Congress to pass a bill that would allow military veterans to pay for non-combat-related medical care received at VA hospitals with their Medicare coverage.
Spurred by lower-than-expected medical costs, a medical enrollment increase of 875,000 and decreased administrative expenses, WellPoint announced first quarter 2011 earnings of $2.44 per share, an increase of 21 percent compared to 2010 first quarter earnings.
The U.S Justice Department has broadened its probe of Community Health Systems' outpatient billing practices, according to a company filing with the Securities and Exchange Commission.
The California Department of Managed Health Care has asked Blue Shield of California to justify a 37.5 percent increase for approximately 70,000 members who are in managed care plans.
One day after converting its hostile takeover bid to an all-cash offer of $6 per share for Tenet Healthcare, Community Health Systems filed a motion in U.S. District Court for the Northern District of Texas to dismiss a lawsuit brought by Tenet accusing CHS of improper Medicare billing.
Six health plans -Aetna, CDPHP, the Hudson Health Plan, MVP Health Care, UnitedHealthcare and Empire BlueCross Blue Shield - have provided $1.5 million in incentive payments to 236 separate primary care physicians in 11 practices in New York that have achieved patient-centered medical home recognition by the NCQA.
A two-year-old patient-centered medical home pilot spearheaded by physician-directed health plan CDPHP has resulted in major declines in the growth of the cost of care and improved outcomes at the three participating primary care practices.