Category: Modern Healthcare

Epic switch means 1,650 Trinity Health jobs will relocate or outsource

About 1,650 Trinity Health employees will see their positions relocated to Michigan and Ohio or outsourced to a vendor in the coming years as the system transitions to an Epic EHR system.

Lawmakers revive Creates Act opposed by Big Pharma

House and Senate lawmakers reintroduced the Creates Act, a controversial bill aimed at curbing tactics brand-name drugmakers use to stymie generic and biosimilar competition.

Judge denies Oscar’s motion to halt Florida Blue broker policy

A federal judge denied Oscar Health’s request for a preliminary injunction to stop Florida Blue from enforcing a policy that prevented its insurance agents from selling competing insurers’ coverage.

Trump homes in on HIV-AIDS hot spots to eradicate infections

President Donald Trump’s plan to eradicate HIV/AIDS in a decade will include adding resources to 48 counties and seven states that have a high number of new infections.

Humana’s fourth-quarter top line buoyed by Medicare Advantage

Louisville, Ky.-based health insurer Humana recorded higher revenue in the fourth quarter of 2018, as it brought in more premium revenue from Medicare Advantage plans.

Oscar Health taps Sankaran as new CFO

Health insurer Oscar Health named AIG executive Sid Sankaran as its new chief financial officer starting on March 1.

Trump State of the Union includes call for reference pricing legislation

President Donald Trump’s State of the Union address called for legislation to support the HHS proposal to tie Medicare drug prices to average prices paid in other similar countries—a policy congressional Republicans haven’t yet committed to.

Despite near-record bookings, Cerner’s operating earnings drop 25%

Despite near-record bookings in the fourth quarter of 2018, Cerner Corp. missed its revenue expectations and recorded a sharp drop in operating earnings.

Former Zocdoc tech chief Kutan joins Amazon, Berkshire, JPMorgan joint venture

The new venture represents the most promising attempt to improve healthcare in the U.S., Kutan wrote in a LinkedIn post announcing his new job.

WellCare’s Q4 revenue and profit are buoyed by Meridian deal

WellCare Health Plans CEO Ken Burkick called 2018 a “very good year” for the insurer. That’s thanks in part to its $2.5 billion acquisition of Meridian Health Plan and related 44% increase in Medicaid customers.