Ever since Lifespan officials announces ealrier this month that Rhode Island's largest hospital group had lost $55 million during the 2018-19 fiscal year, the threat of looming cost-cutting measures have left employees fearing that layoffs could soon follow.
As scrutiny of Purdue Pharma’s role in the opioid epidemic intensified during the past dozen years, its owners, members of the Sackler family, withdrew more than $10 billion from the company, distributing it among trusts and overseas holding companies, according to a new audit commissioned by Purdue.
West Reading-based Tower Health and Drexel University in Philadelphia have finalized their $50 million acquisition of St. Christopher's Hospital for Children. The proposed deal for the 188-bed North Philadelphia pediatric medical center was approved in September by the U.S. Bankruptcy Court in Delaware.
Express Scripts (CI) announced a new electronic heath formulary this week, potentially transforming the way digital health solutions will be paid for in the near future. Back in May, the pharmacy benefits company — which is owned by Cigna — first announced its intention to create the digital list of health care recommendations and accompanying treatments, which helps make costs more transparent, and treatment more accessible.
A government watchdog has identified major concerns relating to health insurers exaggerating how sick their Medicare patients were, resulting in nearly $7 billion in improper payments, according to a report released on Dec. 12.
Ask Californians to identify the largest single component of the state’s $2.6 trillion economy, fifth largest in the world, and chances are they will reply with high technology, agriculture, motion pictures or even tourism. Only rarely will they name medical care.