Net income soared last year for Blue Cross and Blue Shield of Minnesota as the Eagan-based health insurer saw a turnaround in its business managing care for beneficiaries in the state’s Medical Assistance and MinnesotaCare programs.
Lynn Lear finished her final round of chemotherapy for breast cancer in December. To help keep the cancer from coming back, Lear’s doctor told her about a new medication she could take called Nerlynx. Lear, who is 46, wanted to do everything she could to remain healthy, so she asked her doctor to order the drug for her.
Last year, 62 CEOs of health-care companies made a combined total of $1.1 billion in compensation. That's according to a new report out from Axios, which coincidentally notes that CEO compensation eclipses what the Centers for Disease Control spent on chronic disease prevention by $157 million. That comparison might make the executive compensation seem galling, but a look at the bigger picture...doesn't make it better.
Northwestern Medical Center administrators are cutting expenses – including potential savings of $1 million from staffing reductions – in an effort to improve the St. Albans hospital’s bottom line. The hospital lost $3.7 million on operations in fiscal year 2018. But Finance Director Stephanie Breault told the Green Mountain Care Board on Monday that Northwestern is poised to push that number into the black in the current fiscal year.
Hahnemann University Hospital announces 175 layoffs. CEO describes shaky financial condition. New CEO fired at Hahnemann and St. Christopher’s Hospital for Children, two months into the job. Under Penn, Jefferson’s shadow, can Temple Health, a de facto public hospital, ever catch a break?
A Florida House plan to reduce Medicaid reimbursement rates could pull the plug on rural hospitals hit hardest by Hurricane Michael and already on life support. The plan cuts $3.3 million for the region's rural hospitals and $3.8 million statewide.