Rene Letourneau
Ignoring months of protests, the Centers for Medicare & Medicaid Services (CMS) announced in late August the next steps for a major expansion of a competitive bidding program designed to help lower costs for quality durable medical equipment, prosthetics, orthotics and supplies.
Group purchasing organizations have traditionally been seen as a way for hospitals and healthcare providers to save money on supplies. However, in the current economic environment, as providers are squeezed from all sides, many are looking to their GPO for more than just purchasing.
Ten healthcare industries are positioned to benefit from rising healthcare costs and reform legislation, particularly the creation of health insurance exchanges, says market research organization IBISWorld in its recent five-year forecast.
Post Acute Medical purchased and will begin immediate operation of 40-bed Hill Country Specialty Hospital in New Braunfels, Texas.
The Massachusetts Medical Society released its 2011 Physician Workforce Study this week, showing statewide critical and severe physician shortages in eight specialties.
Sony Corporation announced Wednesday that it has acquired Redmond, Wa.-based venture corporation Micronics, Inc. Sony said it made the acquisition to accelerate its research, development and commercialization of Point of Care diagnostic equipment.
The Department of Health and Human Services (HHS) Wednesday awarded $56.3 million for the development of five new drugs to treat injuries associated with acute radiation syndrome.
The Department of Health and Human Services (HHS) awarded $103 million in grants to 61 states and communities to help fight chronic disease, the leading cause of death in Americans.
A replacement nurse at the Alta Bates Summit Medical Center in Oakland, Calif., administered a fatal dose of medication on Saturday to a cancer patient during a nurses' strike.
Physicians estimate the cost of defensive medicine to be between 26 and 34 percent of total annual healthcare costs, according to a new report by Jackson Healthcare. At an estimated $2.5 trillion in annual spending, this means $650-$850 billion is spent each year on medical orders intended to avoid lawsuits rather than treat patients.