We are on the clock. As an industry, we have 75 days to comment on the rules published in the Federal Register on October 17 about how the Stark Law is implemented. This is a unique opportunity. There has not been a stand-alone proposal to change the Stark Law’s implementing regulations for more than a decade.
Erlanger Health System on Monday laid off employees, including members of upper management, as new financial reports revealed the hospital ended fiscal year 2019 with a $4.4 million loss and the first quarter of fiscal 2020 with a $4.5 million loss.
Last month, Hahnemann University Hospital, an academic safety-net institution housed in Center City, Philadelphia, quietly shut its doors. Repurchased twice by private equity investors, first in 1998 and again in 2018, Hahnemann struggled to turn a profit for years in a city where its nonprofit rivals continued to grow.
The escalating closure of U.S. pharmacies tends to hit independent drugstores and low-income neighborhoods, a new analysis in JAMA Internal Medicine says. One in eight pharmacies had closed between 2009 and 2015, which “disproportionately affected independent pharmacies and low-income neighborhoods,” the analysis led by researchers from the University of Illinois at Chicago wrote in JAMA Internal Medicine.
The floral wallpaper and cheerful signs at Pucci’s Pharmacy in Midtown Sacramento invoke an old-timey feel that sets it apart from a Rite Aid or CVS. Behind the counter, owner Clint Hopkins greets the two resident support dogs, Allie and Ella, before counseling a patient about her inhaler.
Managed-care stocks have had a bad year, yet analysts at Mizuho Securities see hope. In a lengthy note initiating coverage on four leading managed-care companies, Mizuho’s Ann Hynes wrote that she was bullish on the industry despite worries over possible health care policy changes in Washington.