News
Global medical device company St. Jude Medical, Inc. announced last week that the realignment of its product divisions will result in the loss of 300 jobs.
Tufts Medical Center, the Tufts-owned New England Quality Care Alliance (NEQCA) physicians network and Vanguard Health Systems announced last week it received an $88.5 million loan from the Centers for Medicare & Medicaid Services to fund the Minuteman Health Initiative, a member-owned health plan serving Massachusetts.
According to the latest RACTrac survey by the American Hospital Association (AHA), Medicare recovery auditors (RAC)-related denials in the second quarter of 2012 soared upwards by 24 percent from the first quarter of 2012.
Margaret Clapp, RPh, chief of pharmacy at Boston-based Partners HealthCare spoke recently with Healthcare Finance News Editor Rene Letourneau about the biggest challenges currently facing the pharmacy.
HealthPartners and Park Nicollet Health Care announced that their boards of directors have signed an agreement to combine the two non-profits to create a comprehensive integrated health system and associated health plan to serve the Twin Cities region and parts of western Wisconsin.
The Certification Commission for Health Information Technology (CCHIT) has announced that it has been named an authorized certification body (ONC-ACB) by the Office of the National Coordinator for Health Information Technology (ONC) to certify electronic health records for the federal Permanent Certification Program for Health Information Technology.
Janssen Pharmaceuticals, Inc., and its parent company Johnson & Johnson agreed Thursday to a multi-state settlement to resolve charges of improper marketing and advertising of the anti-psychotic drugs Risperdal and Invega. The company will pay $181 million to 36 states and the District of Columbia.
SCAN Health Plan recently agreed to pay the largest overpayment fines in California history, a total of $323 million to both the state and federal governments for Medicare and Medicaid over billings stretching as far back as 1985.
The value-based insurance company SeeChange Health Insurance was recently approved to sell plans in Colorado and is aiming to expand in six other states within the next few years.
An American Hospital Association (AHA)-sponsored webinar on Wednesday highlighted findings from a study on the diversity in hospitals and featured successful practices tips from two hospitals recently honored for promoting overall diversity and creating strategies for disparities reduction at their facilities.