Mergers & Acquisitions
Proposed cuts to reimbursement from the Centers for Medicare and Medicaid Services likely played a role.
Aetna will focus on core health insurance business while The Hartford Group will grow to become second largest life and disability insurer.
The combination of Medsphere's EHR and Stockell's revenue cycle management in the cloud will be offered through a subscription service payment model.
Though the Deloitte and HFMA report says things settle down after that initial "breaking in" period.
Expert says transactions are being driven chiefly by strategic imperatives, less so by financial drivers.
Public healthcare provider plans to offload eight of their 77 U.S. hospitals, an effort expected to yield $900 million to $1 billion.
Acquisition helps position Anthem as a dominant player in a market projected to increase in enrollment, revenue, but shrink in the number of insurers.
New company's name and leadership structure not decided yet, but companies say deal gives new entity broader penetration.
Building was built in 1941 and features intricate stone carvings that reference symbols of the medical profession.
Maxis, Lourdes and St. Francis have been in talks for the last year.