UHS’ U.K. subsidiary, Cygnet Health Care, acquired U.K. autism-care provider the Danshell Group, which has 25 facilities and 288 beds. Leerink Partners estimates the deal will increase UHS’ U.K. beds by 12%.
Category: Modern Healthcare
Trump administration to allow renewable, short-term insurance that lasts up to a year
The Trump administration has touted the move to expand access to short-term insurance coverage as a way to make healthcare coverage more affordable for people who have been priced out of the individual market.
National Academy of Medicine convenes opioid crisis coalition
The 35-member coalition wants to speed up the national response to the opioid epidemic.
Academic hospitals could see Medicare cuts under billing code plan
Academic and rural hospitals will likely see a cut in Medicare funding if the CMS finalizes its proposal to reduce reimbursement for more-complex patients, according to Moody’s Investors Service.
Post-acute care providers get more than $900M in Medicare raises
The CMS will give post-acute care providers more than $900 million in collective raises next year, including a 2.4% increase for skilled-nursing facilities and 1.3% for inpatient rehab centers.
Providers ramp up preparation for drug shortages
The American Society of Health-System Pharmacists published new guidelines that outline a detailed action plan for providers preparing for drug shortages.
Senate panel eyes regulating insurance prior authorizations
A key Senate health panel explored ways to standardize prior authorization across the insurance industry, but at least one witness was frustrated lawmakers focused on creating new regulations before rolling back existing rules.
Ascension names Conrado to be its first chief digital officer
Ascension is the latest health system to add a chief digital officer, a new but increasingly popular role in the industry. Eduardo Conrado comes to Ascension from Motorola.
Google is here. Now the rest of healthcare has to keep up
Google’s parent company, Alphabet, just hired yet another healthcare executive, Dr. Toby Cosgrove, this time for Google Cloud. With a push into healthcare, the company is putting pressure on traditional players to innovate.
WellCare Q2 profit soars as it looks to close Meridian deal
WellCare Health Plans’ net income more than doubled in the second quarter of 2018 as it grew premium revenue across its Medicaid and Medicare Advantage business lines.
