Nearly a year ago, the private insurer in the state’s overhauled Medicaid managed-care program slashed reimbursement rates to medical suppliers. Now a large provider is terminating its contract.
Category: Modern Healthcare
LifePoint finalizes merger with RCCH HealthCare Partners
LifePoint Health has finalized its merger with RCCH HealthCare Partners. The rural hospital operator has been purchased by affiliates of the private equity firm Apollo Global Management, which owns RCCH.
NantHealth more than doubles net loss in third quarter
NantHealth’s net loss more than doubled in the third quarter of 2018 as the company struggles to get reimbursed for genetic cancer tests.
Not-for-profit hospital industry may have peaked financially, Fitch Ratings says
As not-for-profit hospitals’ profits slide, balance sheets are at an all-time high, according to Fitch Ratings.
CMS tells Congress federal law inhibits use of telehealth for seniors
Federal laws are preventing greater use of telehealth, according to a CMS report sent to Congress on Thursday.
CVS-Aetna merger OK’d by California regulators
California regulators approved the $69 billion CVS-Aetna merger with conditions. CVS leadership recently said the deal was on track to close by Thanksgiving.
Primary-care visits dropped 18% from 2012 to 2016
There has been a relatively steady decline in primary-care visits since 2009, although nurse practitioners and physician assistants are making up some ground, according to new research from the Health Care Cost Institute.
Arkansas drops 3,815 more Medicaid enrollees over work requirement
Nearly 4,000 Arkansans lost their Medicaid expansion coverage in October because they didn’t comply with the state’s new work requirement. Another 8,462 low-income adults lost benefits in the previous two months.
Detroit clinic owner gets 13 years for role in $8.9 million healthcare fraud
The owner of a Detroit medical clinic was sentenced to more than 13 years in prison and ordered to pay millions of dollars in restitution after running an $8.9 million healthcare fraud scheme.
Could Illinois’ ban on a medical instrument cleaner spark a public health crisis?
The chemical process used to sterilize most medical products was evaluated during committee hearings in Springfield, Ill., this week, due to cancer risks associated with ethylene oxide emissions.
